Working Life

I’d say this grading on the curve and it’s still only a B- for the performance of the global economy.

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Sometimes, you just got to connect the dots–even when the stuff is so obvious and screams out with the truth. In this case, some evidence on why these so-called “free trade” agreements are so destructive, though, I have to say I chuckled when I read that the very forum consisting of the planet’s wealthy countries has discovered, shockingly, that global inequality is at record levels.

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I’ve made this point in the past but it’s always worth repeating — corporate taxes in the US are not high. In fact, compared to the rest of the OECD countries, the US corporate tax burden is quite low. Despite what the whiners at the Chamber of Commerce would like the people to believe.

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   My head hurts every time I read about the phony crisis about the debt and the deficit–whether it be the idiotic headlines bowing down to the rating agencies’ hand-wringing (the same bozos who did such a good job blessing the financial instrument trash churned out by Wall Street) or the daily headlines about a […]

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   We are really going to have to push back against what the meaning of "recovery" is. I am sure you are reading the claims of "recovery" coming from various sources. Today, the OECD weighs in, via a report in The Wall Street Journal: The Organization for Economic Cooperation and Development Thursday said the global […]

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I have argued that the current crisis we are in now is the product of at least three decades of a bankrupt economic system. Now, looking forward, the same system has set the stages, according to a report just out, for a massive worldwide crisis in retirement security that will last decades. The reason we […]

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I’m on the road out of the country so I’ve had a weird kind of schedule to post these past few days and that will continue the rest of the week. And it’s really late now so…a quickie… Checked out this piece in the Wall Street Journal from today: Free-Trade Alert: A Warning on Globalization […]

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