Working Life

So-called "free trade" is part of the relentless class warfare under way in America. And the so-called "free trade" deal with South Korea is no exception. That said, a lot of the shallow criticism of the UAW’s support for the deal is–well, shallow. Here’s my view about how we should engage the UAW–my union–via an […]

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   For those of you who might remember the days of the Carter Administration when the U.S. embassy workers in Teheran were held under lock and key for a very long time–"Nightline" got its ratings boost, and made its name, from the nightly graphic trumpeting how many days America had been "held hostage". Well, we […]

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   Nice to know that, even though we are suffering through massive unemployment and economic despair, the very people who caused that despair are having a good time: Two years after the onset of the financial crisis, the stock market is recovering and Wall Street’s moneyed elite are breathing easier again. And this means in […]

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I have a new book out today: It’s Not Raining, We’re Getting Peed On: The Scam of the Deficit Crisis. You can get it here at the site or get a really cool version on Kindle or Nook–click the image over there on the right for more details.  {attachment id=162 size=medium}    The upshot can […]

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The swamp has not been drained. Throw them all in jail. The Wall Street Journal today: Federal authorities, capping a three-year investigation, are preparing insider-trading charges that could ensnare consultants, investment bankers, hedge-fund and mutual-fund traders and analysts across the nation, according to people familiar with the matter. The criminal and civil probes, which authorities […]

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   I know we are shocked by this (via The Wall Street Journal–subscription): Overall, median total direct compensation for CEOs in the sample rose 3.0% during their latest fiscal year, as total shareholder return came in at 29%. Total direct compensation includes salary, bonuses and the awarded value of stock, options and other long-term incentives. […]

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War is peace. Lies are truth. And, now, Melissa Bean is like Elizabeth Warren. That is the instant thought I had when reading about the rumors that the White House might consider appointing Melissa Bean to head the Consumer Financial Protection Bureau if she ends up on the short end of the vote count in […]

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We are missing part of the anger that I think cuts across the political spectrum–and it goes right to the question: why is Angelo Mozilo not going to jail for a very long time? Because the political system still is not willing to jettison our coddling of the vast array of people who committed deep […]

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   I’ve written extensively about greed and CEO pay, particularly in "The Audacity of Greed". So, I like to see the non-traditional press pick it up and stick with it. Here’s a piece by Michael Hiltzik in The Los Angeles Times, which is a follow up piece by him on Ray Irani of Occidental Petroleum: […]

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The raid on our country’s treasury has been underway for 30 years (and more). The corporate leaders have successfully drained our common wealth, shifting money away from the community and, instead, diverting it into the hands of a few. And now the din is growing for another robbery of the people to the tune of […]

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