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 170)
Not Just an American Problem
From today's Guardian: Rescued bank to pay millions in bonuses RBS 'making monkeys' out of the
Protesters Disrupt Frankfurt Stock Exchange
Missed this earlier this week--hat-tip to Ben Collins. FRANKFURT, Oct 27 (Reuters) - Protesters from the anti-establishment Attac
Teamsters to Own Part of WonderBread?
Posted by Steven L. Robinson on lbo-talk: "In the Great Depression, the folk wisdom was that baking was
Dear Dr. Dollar:
Isn't the "bailout" of Wall Street like having a rotten tooth extracted? The extraction is very unpleasant, but it beats the alternative. Even if the dentist charges an unreasonably high fee, I am still going to pay and have the job done. Later I will worry about taking better care of my teeth. So s
Interpreting Friday's Craziness
Some snippets from today's Financial Times lead piece. All are horrific. Looming recession batters stocks By Michael Mackenzie
Capitalism with American Characteristics
Creeping socialism continues. Of the costs, anyway....From today's Financial Times: Treasury urged to aid car and insurance
It Wasn't Just an Overreaction
Stock markets got hammered today, but it was nowhere near as bad as some (including me) had feared it might