When All Else Is Out of Bounds, Zap Labor
From Nixon’s wage controls to today’s interest rate hikes, the fight against inflation has targeted labor.
Latest news (Page 152)
EFCA: Missing the Forest for the Trees?
Interesting Washington Monthly piece, courtesy again of LBO Talk. Here's the conclusion (one that reinforces much of what
Bankers Try To Quote Marx
And are as inept at that as they have been in analyzing Collateralized Debt Obligations. A post from Doug Henwood&
Bankruptcy Doesn't Mean No Bonus
Merrill Lynch is under NY Attorney General Andrew Cuomo's spotlight after doling out billions in year-end bonuses
California Unemployment Spikes
If California were a country, it's GDP would place it among the 10 largest nation's in
Merrill CEO Shopped While Company Burned
From the Daily Beast: In early 2008, just as Merrill Lynch CEO John Thain was preparing to slash expenses, cut
Thanks for Nothing....
From Bloomberg: RBS Taxes, Hailed as Contribution to Society, Erased by Rescue By Simon Clark Jan. 23 (Bloomberg) -- Fred Goodwin,
Closures and Layoffs: Jan 18-24
The latest from Mark Heschmeyer of CoStar. Closures & Layoffs (Jan. 18-24); After Holiday Retail Layoffs Begin A Weekly
States Need Bailouts Too
From the Economic Policy Institute: Economic Snapshot for January 21, 2009 In recessions, federal grants are key to recovery for
Single-Payer Job Recovery (Cal Nurses)
What looks to be an impressive study from the California Nurses Association. Hat-tip to Dr. Christine Adams of Health
Still Making Sense
We have been negligent today posting to the blog, partly from watching the inauguration. We've also been busy
Hansen: President Has 4 Years To Save Earth
A few weeks ago ("Nasa Scientist: Cap & Trade Not Sufficient," Jan 1st) we posted an item featuring
Krugman on Resistance to Nationalization
Pretty good summary of the situation many banks find themselves in, and an interesting conclusion regarding resistance to full nationalization