Working Life

    The anger against the president that has been rocketing around many circles of liberal/progressive politics is misplaced.     The crisis we face isn’t about what the president is doing, or failing to do.     We are under siege, fighting the greatest class warfare in perhaps 100 years. And we can expect very […]

Read the full story

    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 […]

Read the full story

   Every day, there is a new joke about the economy–though, the joke is a cruel one on most normal people and unfortunately, the transcribers of the news (nee "journalists") don’t get the jokes largely because they are (a) really dumb and/or (b) don’t really care and/or (c) are so wrapped up in being "serious" […]

Read the full story

    The answer to this question would appear to be obvious. But, it needs constant reinforcing–as you will see from the debate (if you can call it that) last night between yours truly and Larry Kudlow and a stooge from the right wing. It’s almost laughable and entertaining–if the consequences weren’t so dire. The subject […]

Read the full story

    Excuse me while I yawn and shrug at the same time. Here we go again–a sign that nothing truly has changed and we can just sit back and prepare for the next financial implosion. The SEC has agreed to let J.P. Morgan off with a slap on the wrist to the tune of $153 […]

Read the full story

   Look, it isn’t surprising. The entire financial community wants nothing to do with stronger oversight–even though stronger oversight would help prevent another meltdown, though, if you are a CEO of a bank or a big financial institution, the lesson you’ve learned from the last go-around is that you won’t suffer personally…    So, they’ll […]

Read the full story

    It is a sad story to read, and a sad but powerful comment on who runs America. Rather than come to dinner with subpoenas and maybe even a few warrants for the arrest of the people who helped engineer the economic crisis we are still digging out of, the president is groveling–for campaign cash […]

Read the full story

   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 […]

Read the full story

   I mean, this is pretty funny–except it’s pathetic, bizarre and, ultimately, gives all of us a great window on the "they haven’t learned anything" culture on Wall Street and the business world in general. Jamie Dimon, CEO of J.P. Morgan (and the Ten of Hearts in the 52 deck-of cards Audacity of Greed), is […]

Read the full story

    This is so absurd it made be burst out laughing in the midst of a sip of coffee this morning–and fittingly the coffee splashed over the idiotic front-page article in The New York Times (yes, I still read the actual paper version) that hails the newest words from the mountaintop, wisdom passed down from […]

Read the full story