Working Life

Here’s one thing we learned in recent days about Jeff Bezos—like all CEOs, he’s a bully and quite uninterested in engaging in a give-and-take with community leaders where Amazon does business. I talk to union leader Dave Mertz about the decision by Amazon to back out of the deal to build part of its new […]

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It’s a tad better but still I remain unimpressed by the UBS felony conviction. Because the big fish are still not in jail.

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Ah, so many thieves, so little time. I’m not a big fan of fines that get thrown around as punishment for crimes. But, it’s worth keeping a tally anyway.

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    Via the Financial Times today: The European Commission has opened sweeping antitrust investigations into a collection of the biggest players in the credit default swaps market, including ICE, the industry’s leading clearing house. The investigations, launched by Joaquín Almunia, the competition commissioner, open a new chapter in the commission’s attempts to regulate a group […]

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   Let me be quite clear again about one fact that gets lost: we have plenty of money in the country. There is no debt or deficit "crisis" even if people across the political spectrum, including former labor leaders, are regurgitating complete nonsense about the "crisis". This is simple: it’s class warfare and the rich […]

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You break the law. You hide your money. You abandon any pretense to having any loyalty to your community. And, now, you sue to keep all the quiet. That’s what a group of rich Americans are doing.   I caught this in The New York Times and have yet to see it elsewhere but this […]

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  I have to say this would all make for a great movie–thriller, farce, comedy?–if the plot lines didn’t actually mean that millions of people have been screwed by crooks, greedy elites and incompetent CEOs. Today, there is just a plethora of news on the "free market" scam front, all courtesy of The Wall Street […]

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  Having crashed the financial system around the globe and consigned millions of people to severe hardship over the next several years, a few bankers are trying to save some face: they are giving back millions of dollars in pay.   I would note first that, personally, I think the whole coterie of Rubinites (those […]

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