Working Life

   To the long list of examples of how business rips off the average person–from paying CEOs huge salaries while workers get pay and benefits cuts, to making people work harder and more productive than ever before yet refusing to pass on the fruits of that labor to workers, to lobbying against raising the scandalously […]

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   I do like those ironic coincidences that happen in the media. Generally speaking, when it comes to economic issues, I don’t think the editors have a clue that they have captured unintentionally the gist of our crisis. And, so, let me turn to today’s New York Times. The front page has two stories headlined: […]

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It doesn’t astound me that people are angry and bitter. What astounds me is that somehow the goodness of most people keeps them from taking to the streets in mass rioting. To wit:    A whole bunch of very powerful and wealthy financiers create an economic disaster and who suffers? Citigroup, caught in the midst […]

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To paraphrase Lloyd Bentsen, you haven’t met a real elitist until you consider the life of John Paulson. His salary last year: $3.7 billion. That is not a misprint: three billion, seven hundred million dollars. Now that’s doing elitism in a big way. Welcome to the new Gilded Age.   Today, Institutional Investor Magazine releases […]

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    I know this won’t shock those of you who already know something is up. But, the details are important–from the folks at the Economic Policy Institute: Over the last 60 years, the U.S. tax code has dramatically shifted away from corporate taxes and toward taxes on individuals, especially through the payroll tax, the financing […]

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    One of the things that has clearly outraged Americans everywhere is the disgusting spectacle of CEOs legally looting their companies with pay and pensions that are absolutely outrageous. For a long time, a collective Marie Antoinette cry from the CEO suites spilled out that, while a few CEOs pocket massive amounts of money, workers […]

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    One of the things that has clearly outraged Americans everywhere is the disgusting spectacle of CEOs legally looting their companies with pay and pensions that are absolutely outrageous. For a long time, a collective Marie Antoinette cry from the CEO suites spilled out that, while a few CEOs pocket massive amounts of money, workers […]

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    It never ceases to amaze me how much people are willing to practice the art of greed, particularly in the corporate world. Blackstone, one of the biggest player in the private equity world, is going public. The take for the top dogs, according to The Wall Street Journal: The founders of private-equity firm Blackstone […]

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