Lets Hang Together or We Will Surely Hang Apart!
Goldman Case Shows Wall Street’s True Colors
NEW YORK (MarketWatch) — We’re still feeling the aftershocks from the bombshell complaint the Securities and Exchange Commission filed against Goldman Sachs Group Inc.
Though the case is a long way from being resolved — and appears to have some big legal weaknesses — several things are clear by now. [...]
Is Goldman Sachs Making Too Much Money?
There’s no shame in making money. Making money is, after all, every company’s goal. And when our companies do well, that’s generally good for the country. Under normal circumstances Goldman Sachs would have every reason to brag about it’s first quarter profits.
But now—with Goldman facing charges for securities fraud [...]
Looting Main Street
If you want to know what life in the Third World is like, just ask Lisa Pack, an administrative assistant who works in the roads and transportation department in Jefferson County, Alabama. Pack got rudely introduced to life in post-crisis America last August, when word came down that she and 1,000 of her [...]
Blue Collar Workers Hanging By a Thread
They arrive for work at 7:25 a.m. and many of their cars are rusting buckets of crud. Except for the boss’s. He drives a Volvo.
Walk in the door at Schaefer Screw Products and there is the enemy — the clock. The oil vapors and solvents are overwhelming. The yellow [...]
Obama is no FDR, We’re no Mass Movement.
It’s open season on Obama whom so many hoped would lead us out of the neo-liberal wilderness. He once was a community organizer and ought to know how working people have suffered through a generation of tax breaks for the rich, Wall Street deregulation, and unfair competition.
When the [...]
The Other Plot to Wreck America
THERE may not be a person in America without a strong opinion about what coulda, shoulda been done to prevent the underwear bomber from boarding that Christmas flight to Detroit. In the years since 9/11, we’ve all become counterterrorists.
But in the 16 months since that other calamity in downtown New [...]
Banks Prepare to Pay Record Bonuses to Employees
The bank bonus season, that annual rite of big money and bigger egos, begins in earnest this week, and it looks as if it will be one of the largest and most controversial blowouts the industry has ever seen.
Bank executives are grappling with a question that exasperates, even [...]
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