Archive for the 'Economy' Category

THOMAS FRANK ON THE EVILS OF MERITOCRACY…

August 30th, 2016

Thomas Frank sat down for an interview with Kathy Kiely published in Author Thomas Frank Talks Hillary Clinton, Bernie Sanders and His New Book, ‘Listen Liberal’ at Bill Moyers & Company. Frank took Kiely over a number of jumps, but the theme of meritocracy vs. solidarity resonated with me. One of the things about a […]

SO MANY BOOKS, SO LITTLE TIME…

August 25th, 2016

Oh gawd! I do not need another suggested reading list to make me feel even less informed and lazy. Curse you Ralph Nader! Ralph Nader, writing in Readers Think. Thinkers Read, suggests: Here are my recommended books to read for the late summer holidays. The Green Cowboy: An Energetic Life, by S. David Freeman, Authorhouse. […]

OR HE WENT TO HARVARD LAWLESS SCHOOL…*

July 21st, 2016

*Harvard Lawless School…

GROUND ZERO, CLEVELAND AND DONALD TRUMP…

July 17th, 2016

In Nothin’ But Blue Skies: The Heyday, Hard Times, and Hopes of America’s Industrial Heartland, Edward McClelland wrote in 2013: [Cleveland’s Slavic Village] was more than 50 percent African-American. After the slumlords came the speculators, the house-flippers. Ohio had some of the weakest lending laws in the nation. Slavic Village, a neighborhood full of unwanted […]

WASTE NOT, WANT NOT; AMERICAN INDIFFERENCE…

July 14th, 2016

An urban legend is told by baby boomers of being harshly instructed by their parents to clean your plates because there are starving children in India who would love to have that food. The smartass response, also an urban legend, is the kid who whips out a large manila envelope addressed to “The Starving Children […]

THE BOSSES GET RICHER, THE REST GET POORER…

July 11th, 2016

Ralph Nader, writes in Vanishing the People’s Wealth to Make the Bosses Richer: Imagine you are a shareholder in a big company and the top executives are sitting on huge amounts of cash and are not interested in putting it to work through productive capital investments, research and development, reducing company debt or paying employees […]

QUITE THE SILLY OLD COUNTRY INDEED…!

July 1st, 2016

RULE NO. 1: NEVER TRUST YOUR BROTHER-IN-LAW…

June 13th, 2016

SO, JUST WHO ARE THE 3 PERCENT…?

May 6th, 2016

I’ve posted this video from Jimmy Kimmel elsewhere, but I think what Kimmel, and the very real scientist involved, have to say is bears repeating. Lack of unanimity is not the same as controversy. Right and wrong are not relative equals to be reported and decided upon, Facts are not convenient or inconvenient data points […]

THANK GAWD, THE VULTURES ARE HERE…

May 2nd, 2016

Mike DeBonis, reporting in Default at hand, Congress faces new pressure to act on Puerto Rico for The Washington Post writes: Hours before Puerto Rico missed hundreds of millions of dollars of bond payments, U.S. Treasury Secretary Jack Lew on Monday issued a new and urgent call for Congress to pass legislation allowing the territory […]

IS A 95 PERCENT SCORE GOOD ENOUGH FOR YOU…?

April 11th, 2016

I’ve never checked my credit score, I have no idea what the credit reports (or background checks) have to say about me, but I do know—thanks to the Internet—that I share my name with a lot of people and that I’ve lived—thanks to the Navy—in a lot of different places. I don’t think that I’d […]

MATT TAIBBI NAILS THE NUT OF TOO BIG TO FAIL

April 11th, 2016

Nobody fucks with the proverbial 800-pound gorilla because, well, King Kong. The only way to deal with a monster is to either a.) become a monster yourself—Predator vs. Alien—or b.) shrink the monster down to a manageable size. Bernie Sanders thinks that path taken by Trust Teddy Roosevelt is the better way, but Hillary Clinton […]

CLEVELAND CITED MOST DISTRESSED AMERICAN CITY

February 27th, 2016

Unfortunately, a new study identifying stressed cities by zip codes has Cleveland top the list of the largest 100 cities cited by the Economic Innovation Group, a new non-profit research and advocacy group. The report (download the PDF) belies all the happy talk you get from the Cleveland news media. The kind of media that […]

I’M, WE’RE ALL, LOSING MONEY AT THE BANK…

November 1st, 2015

People sometimes wonder why I stock up on non-perishable goods so much. I’m not a hoarder and I’m not worried about the zombie apocalypse. I just think that since the interest rate on my saving account—0.05 percent—is less than inflation (1.62 percent in 2014) that I’m ahead if I buy goods for tomorrow with today’s […]

BERNIE IS NOT BUSINESS AS USUAL…

October 19th, 2015

So, Bernie told a rich guy to to take his money and, well, I’m sure Bernie wasn’t crude, but, hey, maybe he was. In any case, the response to a donation of $2,700 (the maximum allowed from an individual) was spot on. Bernie writes: A Wall Street hedge fund manager named Martin Shkreli decided that […]

ROBERT REICH ON AUSTERITY 101…

October 17th, 2015

WHEN HER HUSBAND LET THE DOGS OUT…

October 15th, 2015

I didn’t watch the first Democratic Party debate Tuesday night for three reasons: first, I don’t own a television set; second, presidential debates haven’t been anything close to a debate in m lifetime and there was no reason to expect this one would be any different; and third, other people, people much smarter and better […]

BERNIE WOULD RESTORE GLASS-STEAGALL ACT…

October 9th, 2015

Too big to fail is simply too big to exist. Failure is the vaccine of Capitalism. Bad ideas, whether economic, social or ethical, ought to fail, that’s crux of the invisible hand. When a society allows the invisible hand to be thwarted by an organization’s size, then society suffers. Bernie Sanders understands that. Sen. Bernie […]

WELLS FARGO’S SHABBY POLYESTER PURSE…

October 6th, 2015

There is a meme about the brazenness of a man convicted of murdering his parents begging for mercy from the court because he’s an orphan. Wells Fargo has topped that bit of audaciousness. Matt Taibbi, writing in Wells Fargo’s Master Spin Job for Rolling Stone, ledes: If you still don’t believe our brethren on Wall […]

MYTH BUSTING THE FIREWATER FAIRY TALE…

October 5th, 2015

I first heard the myth of Native Americans having no natural resistance to alcohol when I was a senior in high school; and I heard the story from a Vietnam veteran and former Marine who was also an Indian (I use that term advisedly, having spoken with Dennis Banks once). To my uneducated mind, the […]

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