Posted on 20 November 2019. Tags: Bain Capital, Deval Patrick, Financial Transaction Tax, ITEP, Jessica Schieder, Jim Baker, Private Equity, Tobin Tax, Toys R Us
Deval Patrick has become very, very rich since leaving the post of Massachusetts governor. That’s what happens when you become a managing director of Bain Capital, one of the behemoths in the private equity industry. Patrick became rich working for a company—being a managing director of a company—that has screwed thousands of workers, especially 30,000 […]
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Posted in Audio, Economy, Podcast, Politics
Posted on 07 January 2012. Tags: Campaign Finance, Corruption, Europe, Fairness, Financial Transactions Tax, Tobin Tax, Wall Street
In some ways, the worst phenomena in political and public life is the way in which we–the people–give over power to the financial and corporate elite partly because we internalize marketing phrases and economic nonsense beaten into our brains over 30 years by the brain-dead traditional media and a capitulation by the political leaders […]
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Posted in General Interest
Posted on 18 February 2010. Tags: Defense, Deficits, Jobs, Taxes, Tobin Tax, Unemployment, Wall Street
I understand why many people do not expect much from most of the traditional media–particularly The New York Times. People don’t get the sense that the traditional media can get out of its own insular thinking to do hard, independent reporting about the facts. The newest drumbeat being pushed by the traditional media […]
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Posted in General Interest
Posted on 19 January 2010. Tags: Banks, Barack Obama, Goldman Sachs, Greed, Tobin Tax, Wall Street
They robbed Americans of their future. They cost perhaps a generation of hard-working people a decent pay check. And they left millions of people with empty 401(k)s, with some seniors being booted from their retirement homes because there was no money left. And, yet, they still don’t get it–or maybe they truly don’t care. […]
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Posted in General Interest
Posted on 24 December 2009. Tags: CEPR, Deficits, Financial Transactions Tax, Greed, Jobs, Peter DeFazio, Tobin Tax, Wall Street
One of the biggest challenges that we face as a country is not that we lack money or wealth–we have plenty of money. Rather, we have a distorted set of priorities and an ideological frame that walls off many possibilities to create a decent society. For example: the belief in the so-called "free market" that […]
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Posted in General Interest
Posted on 10 November 2009. Tags: Finance, Gordon Brown, Tim Geithner, Tobin Tax
The Wall Street Journal has this today, reporting on a spat between British Prime Minister Gordon Brown and Treasury Secretary Tim Geithner: On Saturday, the U.K.’s Mr. Brown surprised many attendees by throwing his weight behind the idea of levying a tax on financial transactions and using those funds to pay for future bank […]
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Posted in General Interest
Posted on 23 September 2009. Tags: Consumer Financial Protection Agency, Richard Trumka, Tobin Tax, Wall Street
A bit of a lateish post here today (I know, everyone is just crushed). I wandered down to Wall Street to see the new president of the AFL-CIO give one of his first–perhaps his first–public speech since taking over the federation last week. Here is Trumka on the left–to his left is Liz Schuler, the […]
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Posted in General Interest