U.S.

SEC Wistleblower: More Madoffs to come.

December 27, 2008
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SEC Wistleblower: More Madoffs to come.

An SEC whistleblower says there are more Madoff-sized frauds to come. In retrospect, the fraud that pervades Wall Street is exactly what we should expect under the blind eye of an administration run by people - that is to say, Republicans - who believe that markets self-regulate and the main job of government is to…

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Happy Holidays!

December 25, 2008
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Happy Holidays!

Happy Hanukkah! Salaam ‘Alaykum.

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You know you’re in deep doodoo when…

December 24, 2008
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You know you’re in deep doodoo when…

I wonder if Bruce has figured out that the supply-side trickle-down economics, which he marketed so heavily and so effectively through the editorial page of the Wall Street Journal , are largely responsible for the pit we've fallen into. The policies that Bartlett cooked up for Reagan of cutting taxes for the rich while cutting…

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Free Market for CEOs

December 23, 2008
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Dean Baker points out a fundamental flaw in a Washington Post article on supposed difficulty of limiting executive pay. Maybe we need to start off-shoring our executives or add top management positions to the H1-B Visa program. I'm thinking there are plenty of Chinese and Indian managers who could do at least as good a…

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Pay Double Standards and American Mythology

December 21, 2008
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Pay Double Standards and American Mythology

Why does American business logic says that to be competitive you have to pay your workers less and pay your executives more...much, much, much more? It seems to me that we moved away from a meritocracy and into a plutocracy decades ago - around the time that median income stopped increasing apace with productivity, and…

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Kicking the Grenade Down the Road

December 17, 2008
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Sec. St. Condeleza Rice works on the Bush Legacy Whitewash, recommending that Blackwater mercenaries be dropped from US security details [after she and Bush are gone].

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Friedman: We need an ethical bailout

December 17, 2008
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Thomas Friedman in NYT discusses Bernard Madoff, former chairman of NASDAQ, who admitted last week that his $50 billion hedge fund really just a Ponzi scheme. Friedman doesn't have to stretch far to label our entire financial morass, from sub-prime mortgages, to collateralized debt obligations and credit default swaps, to mind-blowing executive bonuses for faked…

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Governor Sanford: “Let them eat Twinkies!”

December 10, 2008
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South Carolina Governor Mark Sanford, in refusing to seek federal assistance during this recession, is clearly sacrificing the well-being of the most vulnerable South Carolinians in order to cling to his libertarian ideology.

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AnyIdiot Goes Off on Fogle at TPS

November 30, 2008
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AnyIdiotSC goes off on an Adam Fogle post at The Palmetto Scoop that proclaims: "This honestly might be the most American thing of all time — buying guns and not paying taxes." AI's a little over the top here, but he's had it with this "cut taxes" mantra as the permanent solution.

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Bailout 2008: The Pie Chart

November 30, 2008
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Bailout 2008: The Pie Chart

Graphic provides a little (somewhat misleading) perspective on Bailout 2008.

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