Category Archives: Wall Street

Denial is just a sign of the times


This is what happens in other democracies when bankers try to reward themselves for helping to ruin the world economy: Britain has a rival when it comes to bashing bankers. After a furious row over pay packages at Amsterdam-based ING … Continue reading

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Unemployment? Fuggedaboutit!


Paul Krugman responding to my post (I’m kidding) about Obama not even pretending to care about the unemployed: …No jobs bills have been introduced in Congress, no job-creation plans have been advanced by the White House and all the policy … Continue reading

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Bernie Sanders is the real Obama, no fooling


In my view, we do need to boldly address our deficit crisis, but we need to do it in a way that is fair – that is not on the backs of the sick, the elderly, the children and the … Continue reading

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GOP on Japan nuke crisis: Shit happens


Eric Fry of The Daily Reckoning, commenting on his colleague Chris Mayer’s column, about the advisability of investing in uranium “futures” in the wake of the ongoing nuclear reactor crisis is Japan: Uranium is “too hard” indeed. On the other … Continue reading

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Obama is mum on Wall St. & oil prices


… Barack Obama‘s number one private campaign contributor was Goldman Sachs, which is one of the two major companies that is engaged in commodity index speculation. Morgan Stanley, which is another major contributor of his, was the other. You know, … Continue reading

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Karl & Groucho assess GOP’s war on labor


Before I started writing this column on why paychecks are likely to keep shrinking even if unemployment starts to inch down, I consulted Google to see if the term Marxism was trending upward. It was and has been ever since … Continue reading

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

Media guy blames media for Wisconsin turmoil


Wisconsin says a lot about our political discourse, none of it good… Complex issues are reduced to sound bites. Talking points of the extreme left and right dominate. Americans obediently fall into line, either for “free enterprise” or the “working … Continue reading

Posted in David Brooks, economic collapse, Great Recession, mainstream media, New York Times, Philadelphia, taxes, unemployment, Wall Street | Tagged , , , , , , , , | Leave a comment

Wis. workers try to slip pharoah’s yoke


I dig a ditch, I shape a stone/Another battlement for his throne/Another day on earth is flown/We’re all working for the pharaoh. — Richard Thompson, “Pharoah” The nicest thing you can say about the mainstream media’s skimpy coverage of the … Continue reading

Posted in economic collapse, Egypt, Great Recession, mainstream media, New York Times, NJ, Obama, Politics, taxes, unemployment, Wall Street | Tagged , , , , , , , , , | Leave a comment

Egypt, Iraq and neocon doubletalk


The post-2003 democratic wave was brief and somewhat shallow, and it indirectly benefited Hamas and Hezbollah as well as the Kurds and Shiites of Iraq and the Lebanese democracy movement. But the regime-change school in America can claim a degree … Continue reading

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Wall Street mafia busted! (That’ll be the day)


“This is one of the largest single-day operations against the Mafia in the FBI’s history, both in terms of the number of defendants arrested and charged and the scope of the criminal activity that is alleged,” said U.S. Attorney General … Continue reading

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