Posted on 18 April 2012. Tags: CEO Pay, Citigroup, Derivatives, Financial Crisis, Fraud, Greed, Mortgages, Scams, Vikram Pandit, Working Life
In my search to find something positive among the rubbish cascading across our eyes, let us behold a small ray of positive action. Citibank’s CEO Vikram S. Pandit tried to stuff his pockets full of millions of dollars more in bank money. The shareholders were not buying it–and turned thumbs down on his proposed […]
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Posted in General Interest
Posted on 16 March 2012. Tags: Andrew Cuomo, Firefighters, Fiscal Policy Institute, Government, Middle Class, New York, Paul Krugman, Pensions, Robbery, Taxes, Teachers, The Rich, Working Life
If you are one who is already bored by the 2012 elections and the rhetorical, mind-numbing repetition, here’s a little taste of what you can expect all the way into the distant future of 2016. The poodle-for-the-rich governor of New York has determined that his path to the White House in 2016–and, despite the boring […]
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Posted in General Interest
Posted on 06 October 2011. Tags: Austerity, Catfood Commission, Debt, Deficit, Depression, Europe, Fiscal Stimulus, General Strike, Greece, Jobs, United Kingdom, Working Life
Greeks have taken a big part of the brunt in Europe because of the preying on its country by banks and international institutions. Essentially, the failed strategy has been all about AUSTERITY: shrink the economy even more in return for not…plunging the economy even deeper. The people in Greece have had enough–and they’ve […]
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Posted in General Interest
Posted on 05 October 2011. Tags: Banks, Basel III, Financial Crisis, Greed, Jamie Dimon, JPMorganChase, OccupyWallStreet, Working Life
I have maintained for a long time that nothing is changing in the financial system–we are being left with the same basic game and the same people who are running the game. And, indeed, led by J.P. Morgan’s Jamie Dimon–who was, for a very long time, a go-to guy on Wall Street for the […]
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Posted in General Interest
Posted on 04 October 2011. Tags: Austerity, Catfood Commission, Debt, Deficit, Democrats, Depression, Europe, Financial Times, Fiscal Stimulus, Jobs, Martin Wolf, Republicans, The Economist, United Kingdom, United States, Working Life
You can smell the fear and the alarms going off–not by reading The Nation (snore…kick me when it has something new to say) or The New York Times, whose "economic" reporters, with one or two exceptions, are astonishingly dumb. For some real insights, look to the Financial Times and The Economist. And the message […]
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Posted in General Interest
Posted on 13 September 2011. Tags: Audacity of Greed, Blackstone, CEOs, Debt, Deficits, Economic Policy, Greed, Honeywell, Howard Schultz, Paul Krugman, Pay, starbucks, Stephen Schartzman, Tax Shelters, Taxes, Thieves Guild, Working Life
I am continuously amazed by the reverence accorded company bosses. Put aside the incompetent ones, who get huge severance packages when they leave, or those who have looted their companies of tens of millions of dollars in pay and benefits, even when the companies lose money or collapse. I’m talking about even the ones […]
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Posted in General Interest
Posted on 14 April 2007. Tags: Labor Research Association, Working Life
Friends: Welcome. This marks the beginning of a new chapter in the life of Working Life. Working Life started as a blog a couple of years ago at the time when labor had a pretty intense debate about its future. Stuff happened since then…but there is no less of a need for a vigorous debate. […]
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Posted in General Interest