Wall Street Notices Main Street; Stocks Fall

By: Saturday July 17, 2010 9:07 am

The disconnect between the Masters of the Universe, whether on Wall Street or at the Fed, could not have been clearer in this last week. When you compare the mindset of Wall Street and the Fed with the economic conditions that local city managers are seeing, people notice that city services are being squeezed and jobs are being lost. In places like Topeka, the city budget for next year envisions lower revenue, which is hardly a sign of economic recovery. When the monthly consumer sentiment survey showed people are losing confidence in the economy, Wall Street was shocked. Maybe they ought to get out a little more, and talk to some city managers.

 

Wall Street Buys Itself a Primary Challenger: Reshma Saujani

By: Thursday July 8, 2010 9:25 am

Apparently, controlling the Federal Reserve, funding their bonuses with billions in taxpayer dollars and quite nearly bringing down the global economy with their degenerate gambling habits isn’t enough.

Wall Street now wants to punish any Democrat who lifts a hand against them, and they’re willing to fund primary challenges to do it.

About that Budget…

By: Friday July 2, 2010 6:01 am

I don’t know about you, but I am just tickled pink that Nancy Pelosi punted on passing a budget and handed responsibility for cutting the deficit by 3% of GDP to the fucking Republican CEO of Honeywell.

With Need to Limit Liability, BP Hires Goldman Sachs

By: Tuesday June 15, 2010 9:30 am

Slipped into this Reuters piece is the news that BP has hired Goldman Sachs as “advisers” for unknown purposes, in addition to Pete Peterson’s Blackstone Group and Credit Suisse Group. It’s funny because if the Vampire Squid lived in the Gulf of Mexico, it’d be choking to death on BP’s oil. Assuming, of course, it doesn’t actually thrive on crude oil.

Time to Check In on Our Relations with the Anglo-Iranian Oil Company

By: Saturday June 12, 2010 6:35 pm

Apparently, the Brits are calling Americans — including President Obama — xenophobic for referring to the company shitting up our Gulf as “British Petroleum.” So for this installment of my now-regular reflection on how, fifty-some years ago, we overthrew a democratically-elected government for that company shitting up our Gulf, I’m going to call it the Anglo-Iranian Oil Company.

Prediction: Media Will Be Angrier About AT&T iPad Security Breach than Illegal Wiretapping

By: Thursday June 10, 2010 6:00 am

I just hope this stupid iPad data compromise makes the Masters of the Universe with their new 3G iPads think a little bit about all the ways AT&T sucks.

BP Chair Svanberg: “I Cannot See That Any Other Form of Organisation Would Stand a Better Chance”

By: Wednesday May 26, 2010 3:11 pm

Fifty-some years ago, the UK recruited America’s help to overthrow the government of Iran to protect BP’s stake in that country because that was seen as the appropriate role for government by those mid-century Anglo-American Masters of the Universe. Now, we’re at that point where our government and BP appear to agree that it is the appropriate role of the corporation that caused a massive disaster to take charge of cleaning up that disaster.

Dean Baker and Alan Blinder Face Off on Social Security Cuts

By: Saturday May 22, 2010 12:45 pm

The Masters of the Universe are at it again, coralling the experts to promote policy which benefits them and not the public. Watch your wallets and especially your Social Security.

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