A hedge fund manager’s “investor letter” – really more of a staged, theatrical tantrum – has been getting a lot of attention lately. Daniel S. Loeb’s diatribe demonstrates that banker greed is still out of control, and that it’s as short-sighted and destructive as ever. The fact that Loeb is a registered Democrat and former [...]
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At the turn of the 20th Century, smoke meant jobs. When noxious fumes spewed from factory stacks, workers brought home paychecks. Industries hired. The future was bright as molten iron flowing from a blast furnace. In industrial Pittsburgh’s heyday, the smoke was so dense streetlights remained lit at noon. White collar workers changed soot-covered shirts [...]
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Sam Seder and I guest-hosted The Young Turks yesterday and spent our last few on-air minutes talking about Social Security and the Deficit Commission. We were discussing the fact that Simpson’s personally objectionable behavior is only one aspect of the problem. There are more fundamental problems with the composition of the Commission, as well as [...]
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We now have hard evidence of what we have been seeing on an anecdotal basis as the anemic economic “recovery” continues to muddle forward: The workers who lost their jobs in the Great Recession are entering a job market in which the new jobs being created are at significantly lower wages. The National Employment Law [...]
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Nearly one year ago, President Obama invoked a trade law known as “421” for the first and only time in the decade the law has been in effect and imposed tariffs on some automobile tire imports from China, which have been surging into the United States from 2004 to 2008. The decision was very controversial. [...]
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Each morning, Bill Scher and Terrance Heath serve up what progressives need to affect change on the kitchen-table issues families face: jobs, health care, green energy, financial reform, affordable education and retirement security. Tax Cuts For Jobs? WH continues to deliberate on additional economic strategy, possibility including infrastructure spending and tax cuts. WSJ: “On the [...]
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