Maybe the unemployment picture is brightening. A very helpful sales clerk at Macy’s told me yesterday that there’s been a rush on men’s suits. Why? “Guys are suddenly getting job interviews, and they want to look good,” she said. “And they want the alterations immediately.” I was trying on a suit for a different reason. […]
Read the rest...
Has Matt Taibbi written the definitive account of what’s really happened to the economy and why
Read the rest...
In the midst of economic despair, my Visa card company sends me a promotion to see a Formula I car race in Monaco (copied in full below). The cost, not including airfare, is $13,600 for two people — the required minimum. Receiving the offer must portend a pending windfall. Either that or someone believes I […]
Read the rest...
How can the $165 million that AGI is paying employees be considered bonuses if awarded for failure and not success? And that’s just the start. The bonuses are part of $450 million to be doled out. Some of my vanished retirement money came from annual bonuses while working at two Fortune 500 companies. Every manager […]
Read the rest...
Rarely do I find commentary as incisive and articulate as that of Scott Horton. His “No Comment” blog for Harper’s Magazine illuminates current affairs not with polemics but cohesive facts and analysis. Reading his work I see the fog of he-said-she-said media coverage lift to reveal what looks like truth.
Read the rest...
“Socialism is apparently what is created when a president you do not like spends money on things of which you do not approve,” writes Mark Schone of Salon. He zings the Rush Limbaugh crowd of Stimulus Bill opponents by pointing to the infrastructure projects the federal government financed during the Great Depression. But as he […]
Read the rest...
How many people are paying attention to President Obama now that the hoopla over his election and inauguration has died down? Not enough. Listen to this video clip (requires a scroll down) of what he said today about our stricken economy. Better yet, read the transcript of his speech after the clip. He understands what […]
Read the rest...