Working Life

While they were taking from others, raiding the coffers of corporate treasuries, people suffered throughout the nation. And, even now, they are circling like vultures to pick at the carcasses of their victims.   First, we learn from The Wall Street Journal about "Wall Street’s $10 Million Men": As bad as 2008 was for Merrill […]

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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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   Yes, as the president said, the bonuses taken by Wall Street bankers are shameful. But, there is an even larger shame happening in the country: the plundering of America by the richest Americans and our unwillingness to call for significantly higher taxes on the elite.   Buried in the business section of The New […]

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   Yours truly is on a plane soon for the rest of the day, more or less. But, here’s a quick little something to make your heart grow fonder for those incomptent, greedy people who helped crater the financial system: By almost any measure, 2008 was a complete disaster for Wall Street — except, that […]

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  I continue to be amazed at the moral obscenity underway in our country. We are in a financial crisis, states are cutting education and health care, and we are wringing our hands over federal deficits–yet there is no serious discussion about significantly taxing the rich, who have reaped hundreds of billions of dollars in […]

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There is a great economic emergency looming in our country. But, it seems to me that we—or at least our elected leaders—have only looked at one side of the crisis, that of the housing bubble-inspired financial credit crunch. By doing so, we’ve missed the bigger picture and the solutions needed. So, here is one person’s […]

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   When you are wrong, you are wrong. I thought this ugly bailout for bankers was a done deal. Kudos to the people who stood up against this awful deal.    Everyone probably feels strongly about how their own individual Congresscritters voted. So, being from New York City, it’s an outrage that, with the exception […]

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   I was tempted to write about the sad collapse of the Mets yesterday (two years in a row) but I figured there were more tragic things to focus on (serious Mets fans may disagree) like the newest version of the bailout deal that is going to pass–though it should not. I would be shocked […]

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   Rightly so, there is a lot of focus on the $700 billion bailout for bankers (which as we know is now in disarray, causing stock futures to go lower in overnight markets overseas). But, what I’ve been saying here for some time, and I say when I talk to colleagues and friends, is that […]

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   The turmoil continues today, with investors continuing to flee to short-term Treasury bills (which promise virtually no profit so you can see how the panic continues) and continuing division on the Paulson bailout for bankers (Nancy Pelosi says bravely, "We are not taking ownership of this," meaning Republicans will have to vote for the […]

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