Category Archives: Wall Street

A new corporate tax holiday would shock even cynics

Posted on July 22, 2011 by oddmanout215

Remember the disastrous “tax holiday” Congress granted mega-corporations such as Apple and GE in 2004? The idea was to allow corporations to bring home huge profits they’d stashed overseas, in the hope they might use the money to create jobs. … Continue reading →

Posted in Congress, economic collapse, Great Recession, mainstream media, Politics, unemployment, Wall Street, world-wide economy | Tagged , , , , , , , , | 1 Comment

Obama dumps Warren, keeps streak alive

Posted on July 19, 2011 by oddmanout215

If political betrayals were base hits, Barack Obama would be approaching the record for hits in most consecutive games. This week he kept the streak going by not nominating Elizabeth Warren to head the Consumer Financial Protection Bureau, the federal … Continue reading →

Posted in CFPB, Great Recession, mainstream media, Obama, Politics, Wall Street | Tagged , , , , , | 2 Comments

Sound and fury, signifying status quo

Posted on July 15, 2011 by oddmanout215

Joseph Stiglitz, a few months ago in Vanity Fair: The more divided a society becomes in terms of wealth, the more reluctant the wealthy become to spend money on common needs. The rich don’t need to rely on government for … Continue reading →

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‘Rentiers’ to the jobless: Your pain is our gain

Posted on June 12, 2011 by oddmanout215

Those trying to escape the saga of Anthony Weiner and the Weiner-ettes may not have seen Paul Krugman’s Friday column, which focuses on the relentlessly high unemployment rate and on the fact that the most powerful people in government — … Continue reading →

Posted in economic collapse, globalization, Great Depression, Great Recession, mainstream media, New York Times, New York Times op-ed, Obama, Politics, unemployment, Wall Street, world-wide economy | Tagged , , , , , , , , | 1 Comment

Stick a fork in Weiner, he’s done

Posted on June 7, 2011 by oddmanout215

Denounced from the pulpit by the Gray Lady: For more than a week, Representative Anthony Weiner, a New York City Democrat, baldly lied in denying that he had sent a lewd photo of himself to a woman over Twitter, claiming … Continue reading →

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A Tina Fey bus tour would put Palin’s in perspective

Posted on June 2, 2011 by oddmanout215

Where’s Tina Fey when we need her? The question sprang to mind when I read about Sarah Palin’s latest publicity stunt: …Unless Palin decides to formally explore a possible presidential run, she is free to spend the money raised by … Continue reading →

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In praising Scott-Heron, Inquirer buries his message

Posted on June 1, 2011 by oddmanout215

Gil Scott-Heron, the African-American poet and musician who died this week at age 62, was most famous for his recording of “The Revolution Will Not Be Televised,” a funny and uncompromising call-to-arms that envisions the downfall of the corporate masterminds … Continue reading →

Posted in arts, economic collapse, globalization, Great Recession, mainstream media, Philadelphia, Politics, pop music, taxes, unemployment, Wall Street, world-wide economy | Tagged , , , , , , , , | Leave a comment

Subterranean homesick Bob

Posted on May 25, 2011 by oddmanout215

I tried, but the hundred Inevitables dogged me all day. By the time I got back to the bunker the medicine man was gone and Beethoven had unwrapped a bedroll with Ma Rainey. I’d missed my chance to give Bob … Continue reading →

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The hole where Borders was, and the dummies who dug it

Posted on May 17, 2011 by oddmanout215

Writers hate the idea of slush piles, where agents and editors dump unpublished works. On the last weekend of business at Borders in Philadelphia, I saw the equivalent of a slush pile for published works. It wasn’t a pretty sight. … Continue reading →

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A Python-esque rite in South Philly

Posted on April 28, 2011 by oddmanout215

Ah, the rites of spring in the `hood! You know — palm weaving, the Easter Parade on South Street, race riots in Grays Ferry. Here’s one that was new to me — the Good Friday re-enactment of the crucifixion of … Continue reading →

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