Working Life

I’ve always chuckled a bit at the annual baseball debate over the rich teams versus the “poor” teams. Face it: it’s not your family business anymore. It’s big business running these teams. And, lo and behold, the vise of greed is tightening around the national past time.

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Detroit is about to be savaged — not by the industrial woes that have plagued the city for too many years. Nope, now riding into the city with an axe is an “emergency manager.” And let’s be clear: workers are the target.

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Every decade or so, we get a new “gap”. You remember the “missile gap”? Now, we have the “pension gap” — the difference between what sits in pensions funds and what is owed to retirees. But, who caused that gap?

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    Really. When I read The New York Times editorials about the economy, or the truly shallow reporting from most of the paper’s reporters, often I think: the people at The New York Times actually are dolts. They don’t understand economics–at all. But, more often, it’s worth considering–they actually believe what they write, even if […]

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If you are one who is already bored by the 2012 elections and the rhetorical, mind-numbing repetition, here’s a little taste of what you can expect all the way into the distant future of 2016. The poodle-for-the-rich governor of New York has determined that his path to the White House in 2016–and, despite the boring […]

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Gupta. Rajaratnam. Blaring headlines are a potentially dangerous distraction from the truth: the bankers responsible for the economic catastrophe that wiped out millions of jobs and trillions of dollars in wealth are still free and clear, reaping tens of millions of dollars more and laughing all the way to next purchase of a yacht or […]

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   In one important respect, the poodle-for-the-rich governor of New York brings to mind another bullying, immoral politician, George W. Bush. Back when one of the most corrupt and dangerous Administrations in our nation’s history had sky-high approval ratings, thanks to igniting a gusher of misguided and illegal revenge and retribution in the wake of […]

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    I’ve maintained for a long time that the civil fines levied against Goldman Sachs ($550 million) and J.P. Morgan ($153 million) for their roles in the financial crisis scam amounted to peanuts–costs that will be ultimately passed on to consumers and shareholders. If a financial executive could aid and abet a massive fraud and […]

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   Yesterday, I wrote about an appalling but typical example of how bi-partisan "debate" is really an argument taking place on one side, in this case King Cuomo’s immoral decision to attack workers’ pensions by regurgitating Republican talking points that the economic crisis we face is the fault of the middle-class, workers, unions, and a […]

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   It really is no surprise, unfortunately, that the country is spinning out of control, the middle-class is dying and we are trapped in some of the dumbest debates imaginable–chief among them the entirely phony argument over a non-existent debt and deficit "crisis". Not surprising because many of these debates have political leaders essentially taking […]

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