Archive for the 'Economy' Category

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 […]

OUR GREED-ENGENDERED ECONOMIC DISASTER…

September 25th, 2015

If you tell a lie enough times, people will begin to accept the lie as truth. There are many such lies floating around—humans only use 10 percent of their brains, leaps to mind—but this morning I’m thinking about another, one not started by, but most certainly given a mainstream push by, President John F. Kennedy: […]

TOO BIG TO FAIL…? TOO BIG TO EXIST…!

September 14th, 2015

Bernie Sanders emails: Dear Jeff, It’s time to break up the banks. The greed, recklessness, and illegal behavior on Wall Street drove this country into the worst recession since the Great Depression. Their casino-style gambling has helped divert 99 percent of all new income to the top one percent. And it has contributed to the […]

BOO HOO HOO AMAZON RECRUITS, GET REAL…

August 18th, 2015

Get More: Comedy Central,Funny Videos,Funny TV Shows So, The New York Times talks to highly paid Amazon employees looking to be treated like they’re still living at home with their shelf of Best Smile trophies. Well, boo hoo hoo. Welcome to the real world where work is work. These people fell for the do what […]

PHOOLS AND THEIR MONEY ARE SOON PARTED…

August 8th, 2015

One of the commenters on Oliver Berkeman’s Exploiting gullible people is a modern form of mining in The Guardian quipped: Capitalism was created by psychopaths. That is not to imply that all all Capitalists are psychopaths, but I wouldn’t dispute that the best Capitalists are. If what he said is true, Delmaro’s customer, it’s reasonable […]

ROB PORTMAN SELLING OUT OHIOANS AGAIN…

July 12th, 2015

Mano Singham has written again and again that members of Congress are perfectly capable of coming together in harmony and bipartisan harmony when the issue at hand rises from the needs of their billionaire corporate masters. Our own Rob Portman is more than happy to co-sponsor a bill with the dark side when our Oligarchy […]

MY NEW FAV0RITE PHRASE: DUNG OF THE DEVIL

July 11th, 2015

Yes, I know, all of the news coming out of the Vatican of late might simply be meant to distract the world from past issues like pedophile priests, but I’m willing, for now, to give Pope Francis his chance. Earlier this year he pissed off American petroleum industry hacks politicians by saying that Global Warming […]

HOW MUCH IS ROB PORTMAN’S YES VOTE WORTH…?

May 28th, 2015

C Robert Gibson and Taylor Channing writing in Here’s how much corporations paid US senators to fast-track the TPP bill had this to say about our own junior Senator Rob Portman and the Trans Pacific Partnership: Senator Rob Portman of Ohio, who is the former US trade representative, has been one of the loudest proponents […]

WHAT IS PRESIDENT OBAMA HIDING FROM US…?

May 14th, 2015

The measure to fast track the Trans-Pacific Partnership treaty failed in the U.S. Senate yesterday 52-45 with all but one Democrat—Senator Tom Carper of Delaware—voting against the measure. So who can read the text of the TPP? Not you, it’s classified. Even members of Congress can only look at it one section at a time […]

STEPHEN KING JOINS WARREN BUFFETT ON TAXES…

March 22nd, 2015

When billionaires say their taxes are too low, other billionaires say fine, cut a check. This disingenuous response hides, however, the core message wealthy people like Warren Buffet, Nick Hanauer and now Stephen King wish to deliver. They believe, indeed the majority of people worth more than $1 million believe, that all people with more […]

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