President Obama’s new “grand bargain for middle-class workers” should more accurately be called the “grand bargain for corporate America.” Even the administration’s fact sheet makes it clear the proposal would be a big win for Big Business.
|By: cocktailhag Thursday June 6, 2013 8:00 pm|
While it’s certainly no surprise to find that the government has turned to yet another corrupt monopoly to carry out its dirty work against ordinary citizens, I seriously question the quality of their co-conspirator, Verizon. If we are going to have a lawless corporate behemoth shoveling our personal data, or rather, in the parlance du jour, “meta” data, into the insatiable maw of the new police state, wouldn’t it be nicer if the company were also capable of performing its core function adequately?
|By: Donald Goldmacher Wednesday November 21, 2012 5:41 pm|
Thankfully, stories of striking workers at Wal-Mart and Hostess are making the front pages of newspapers and leading the “A” blocks of cable news shows. These two companies epitomize the war against workers that began over 40 years ago. Wal-Mart is the poster-child for corporate malfeasance and draconian worker policies. Wal-Mart workers on average are paid so little that the American taxpayer is literally subsidizing these workers as tens of thousands of them have no health benefits which forces them to use state Medicaid for healthcare. Wal-Mart made $15 billion dollars last year. Four out of the America’s top ten Billionaires are Wal-Mart heirs.
|By: cocktailhag Thursday May 31, 2012 8:00 pm|
By any objective measure, Republican dominance in either state or local government ends in failure. Deficits, cronyism, declining services and economic malaise are always the result, conveniently leaving in their wake increased public cynicism about the value of government at all. But that leaves out the curious paradox that it precisely when government is so thoroughly trashed, rich people are more eager than ever to buy it. Why? For the same reason they love to buy “troubled” companies and fixer-uppers; somewhere, someone has left money on the table, and they’ve got to get their paws on it.
|By: Cynthia Kouril Sunday March 27, 2011 1:59 pm|
Bad News is a collection of essays edited by our guest today, Anya Schiffrin. It features chapters by Ms. Schiffrin, as well as by Nobel Laureate Joe Stiglitz, Columbia Journalism Review’s Dean Starkman, HuffPo Business Editor Peter Goodman, and others in the field from both sides of the Atlantic Ocean.
The book examines the financial press’s version of the Veal Pen, or what Stiglitz calls “cognitive capture.” Just like the political reporters inside the Beltway have become slaves to access, Financial and economic journalists are just as dependent on their sources in industry and government for information and feel the need to keep those sources happy to avoid being cut off from the information flow that is the lifeblood of their production model.
|By: Peterr Tuesday February 22, 2011 5:15 pm|
Once upon a time, a new Republican governor arrived in Madison, Wisconsin. The state was in debt, and their cash on hand was poor. The answer? For Robert La Follette in 1900, it was simple: raise taxes.
Fast forward about 100 years, and you get a very different answer from a very different Republican governor.
La Follette’s policies solved the budget crisis of his day and vastly improved the state and the lives of its citizen. But I’m not going to hold my breath waiting for Walker to learn that lesson and follow his example.
|By: David Dayen Saturday December 18, 2010 8:55 am|
Tim Geithner has changed his tune somewhat, backing a bill that would clarify the Treasury’s right to allow Hardest Hit Fund grant money to be used for foreclosure legal aid, but it’s unclear whether there’s enough time in the end of the legislative session to get this done.
|By: Jim Moss Sunday March 14, 2010 1:22 pm|
More and more Americans are waking up to the fact that with a few notable exceptions, both Republicans and Democrats in Washington are basically employees of corporate lobbyists. How do we fight the corporate beast?
|By: bobschacht Sunday July 26, 2009 12:32 pm|
The United States used to have antitrust laws to break up the bigs before they got too big. But during the Bush administration, Bigness was Better. AIG, Goldman-Sachs, JP Morgan Chase had to be bailed out with billions of taxpayer dollars. But there’s bigness elsewhere, too.
|By: Tula Connell Thursday June 18, 2009 1:30 pm|
Republican National Committee Chairman Michael Steele has been called a lot of names. Here’s another one for him: cheater.
It’s not surprising Steele and the Republicans are embarrassed about their party. But Steele has hit a new low (insert Munch’s “Scream” here): He’s set up an RNC fundraising page on Facebook made to look like it’s the United Steelworkers union.