Category Archives: casinos

The sport of kings, and of corporate welfare


Most non-fans of horse-racing, if they think of the sport at all, probably picture frantic racetrack patrons at ticket windows, or at computers, placing last-minute bets as horses and jockeys mosey up to the starting gate. But an article on … Continue reading

Posted in casinos, Philadelphia, sports, taxes, The New Depression | Tagged , , , , , | 1 Comment

Atlantic City’s ultimate crap-out, a.k.a. Revel


They echoed in my head this morning, the words of Swamp Rabbit as he confronted me at my shotgun shack in the Tinicum swamp: “What’s your plan, Odd Man?” The pesky little rodent mocks me because I tend to bitch … Continue reading

Posted in casinos, economic collapse, Goldman Sachs, Great Recession, humor, mainstream media, unemployment, Wall Street | Tagged , , , , , | Leave a comment

Two-party system = no change


I still can’t tell if most “middle-class” Americans really understand what hit them, and why, when the economy tanked in 2008. Robert Scheer takes a crack at explaining the catastrophe with what seems to me the perfect metaphor. But then … Continue reading

Posted in casinos, Congress, economic collapse, Goldman Sachs, Great Recession, mainstream media, Occupy Wall Street, The New Depression | Tagged , , , , | 2 Comments

A bankster prerequisite: Scamming 101


Matt Taibbi explains what triggered Wall Street protests Actually, this long quotation from a February interview of Taibbi explains why it’s accurate to think of crooked investment bankers — banksters — as scam artists as well as degenerate gamblers of … Continue reading

Posted in casinos, economic collapse, Goldman Sachs, Great Recession, mainstream media, The New Depression, unemployment, Wall Street, world-wide economy | Tagged , , , , , , , | 1 Comment

Banking on degenerate gamblers


Confirmation that a “rogue” trader somehow lost $2 billion making “unauthorized” trades at UBS “will test the faith of investors, clients and regulators,” says Wall Street Journal. It should also test the credulity of anyone who would still argue that … Continue reading

Posted in casinos, Congress, economic collapse, finance reform bill, Goldman Sachs, Great Depression, Great Recession, Politics, The New Depression, Uncategorized, unemployment, Wall Street, world-wide economy | Tagged , , , , , , | 2 Comments

Philly’s tax mess — no wonder we’re going broke


I write from Philadelphia, one of the most stupidly governed major cities in the nation. If you doubt that, take a look at the Inquirer story about our delinquent-property-tax-collection system. For years our various mayors and City Council members have … Continue reading

Posted in casinos, City Hall, economic collapse, enviromentalism, Great Recession, mainstream media, Philadelphia, Politics, taxes | Tagged , , , , , | 2 Comments

SugarHouse workers to bet on unionizing


Sure, the SugarHouse Casino next to the Delaware River is an eyesore and a sick solution to the scarcity of good jobs in Philadelphia. However, casino workers deserve job security and a fairer share of the loot that’s not being … Continue reading

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