Hungry
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The following chart measures the growth of hunger over the past few years in Europe and the US:. Read Post
What’s Wrong With Jamie Dimon is What’s Wrong With America
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A lot of people have attacked JPMorgan Chase CEO Jamie Dimon over the years, including this author. After today’s shareholder votes at JPM, Mark Gongloff is right to describe Dimon as a “cult leader.” Gongloff quotes critics, like Public Citizen’s Bart Naylor who offer pointed and very valid criticism of Dimon and his board. But [...] Read Post
A Letter From Senator Warren
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The day may come when the worst nightmare a crooked banker or compromised regulator can have begins with the words, “You have a letter from Senator Warren.” But before we get to that, here’s an experience that may seem familiar: You’re at a party or family get-together – a Sunday barbecue, perhaps – and someone [...] Read Post
The Downtoning of America
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President Obama went to Austin, Texas, last week in pursuit of an industrial and employment revival. He wants to launch manufacturing institutes to foster American innovation and job creation. Republicans responded by ridiculing the President, in the same arrogant way that the blooded aristocrats on the British television series “Downton Abbey” scorned a chauffeur who [...] Read Post
CEO Paid 1795 Times Workers, Company In Trouble. Quelle Surprise
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The CEO of a big company makes 1795 times what its clerks are making, and the company is now in trouble. Does it matter which company, when so many other companies are in a similar situation? There is a three-year-old law that requires companies to disclose to shareholders the ratio of CEO-to-worker pay, but the [...] Read Post
Earth to Washington: Repeal the Sequester
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Economic forecasters exist to make astrologers look good. Most had forecast growth of at least 3 percent (on an annualized basis) in the first quarter. But we learned this Monday morning (in the Commerce Department’s report) it grew only 2.5 percent. That’s better than the 2 percent growth last year and the slowdown at the [...] Read Post
The Only CEO Pay Number that Really Matters
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How much did America's top execs make last year? The scorekeepers don't all agree. But that won't matter if we keep our eyes on the most important figure of all: the pay gap between CEOs and workers. Read Post
CEO Pay And SEC Delay
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Earlier this week I wrote about Executive PayWatch from the AFL-CIO. This site tracks the huge wage gap between CEO pay and the average employee. Something many people don’t know is that the Wall Street reform law was supposed to do this, but years later the regulations still have not been written! The SEC delays [...] Read Post
Death of 1,000 Cuts: Our Lousy Economy Is Already Slashing Social Security Benefits
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With all the controversy over the President’s proposed “chained CPI” cuts to Social Security, it’s worth noting the effect the economy is already having on Social Security benefits. We’re seeing a growing divide between the “penthouse economy” and the one the rest of us live in, with implications that last well into our retirement years. [...] Read Post
Matt Miller’s Off-Center Defense of Obama’s Social Security Cut
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This week it was announced that President Obama’s next budget will include a benefit cut to Social Security in the form of the “chained CPI,” a recalculation of cost-of-living increases at a lower rate. This move was met with dismay among progressive activists, which meant that the anti-backlash backlash was not far behind. An early [...] Read Post
