Working Life

   I suppose some of us may be on the wrong side of this or perhaps weird…or maybe un-American…because we think that, hey, it isn’t a bad thing to spend taxpayer money on saving jobs and communities. If you gave me the choice, I’d be pretty damn proud to know that my money is going […]

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   It is curious, if not maddening, to observe the unwillingness of our economic and political leaders to admit that the bankruptcy of General Motors is a verdict on a much broader failure of the economic vision of the country. Sure, the incompetence of GM management, over a long period of time, is stunning. But, […]

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   My obvious failure to post in the morning was not due to laziness or sleeping late (oh, that would be nice). Rather, it was a hectic morning but, here I am, back at my post and…I will be on Larry Kudlow’s show tonight (7 Eastern time) to talk about the bankruptcy deal reached between […]

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   Yesterday, I was back at CNBC debating the topic of unions and the auto industry. I don’t mind debating people who disagree with me based on solids facts. But, the discussion was entirely ludicrous. The premise of the debate: the UAW is employing a "double standard" because the auto industry is collapsing but, oh […]

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   It is one of the great hypocritical aspects of the public debate in America–on the one hand, the politicians and talking heads who strut around bragging about how great our country is and, on the other hand, the complete thirst and glee so many of them seem to have for the weakening of unions. […]

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The bankruptcy of Chrysler crystallized a pretty straightforward choice about which side you are on in our society: do you care about what happens to workers and their communities or are you more interested in making a few more dollars? The Administration made its choice. A few hedge funds made their choice and, along with […]

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It is a pretty extraordinary scenario: in a blazingly short amount of time, the Administration has forged a deal that could save thousands of jobs at Chrysler–the major banks are on board, the UAW has made more significant concessions. But all that may come crashing to a halt because of a few hedge funds who […]

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   There are really two things that jump out of the details about the Chrysler deal, via The Wall Street Journal: The United Auto Workers union would eventually own 55% of the stock in a restructured Chrysler LLC under the deal reached by the union and the auto maker, according to a summary of the […]

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   You probably have heard that a deal was reach between the UAW and Chrysler. Like last week, though, it’s really had to tell from reading the traditional media what exactly the deal will be–other than workers are going to get the shaft. The Wall Street Journal doesn’t say much about enhanced pension protection (meaning, […]

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   Confusing signals are coming out about what the apparent inevitable bankruptcy of Chrysler will mean. But, I do think this will be another stake driven into the idea of having real pensions anymore–which is kind of shocking given how many people just lost much of their retirement in the greed-is-good collapse of economy. I’ll […]

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