Wall Street Still Near Full-Employment: How Can That Be?
Why hasn't the crash devastated employment on Wall Street? One big reason is that we put the entire sector on welfare.
With courts unwilling to interpret the law as affording some defense for charities, there have been efforts to persuade legislators to amend existing laws to provide such a defense. But little has come of these efforts.
Why hasn't the crash devastated employment on Wall Street? One big reason is that we put the entire sector on welfare.
Those who raise the socialism boogeyman as a way to frighten investors either don't know the data or are intentionally misleading them.
Wall Street speculation has it that some investors may have been privy to government actions involving a number of these banks at the outset of the financial crisis or to their financial results.
Liddy told shareholders he didn't want to spend his retirement watching over AIG. But for retirees who lost their money at AIG, working at WalMart isn't how they wanted to spend their retirement, either.
In a crisis, the ratio of public debt to GDP must rise.
When I think about what these workers went through -- the struggle, the fight, the commitment that held them together over so many dark days -- this is the America that inspires me.
Apple succeeds because it violates every large-company, mass-consumer convention.
People are becoming overly reliant and falsely dependent upon emails, texting and the internet as a primary means of communicating.
With a straight face, the captains of Wall Street like are telling us that they don't need to be heavily regulated -- that regulations will kill innovation and stifle consumer choice.
For years the subliminal messaging we received was that "no price tag is too high for a quality higher education." It may be time to ask if that graduation cap tassel is really worth the financial hassle.
Although I don't meet with them on a schedule, the people in my "lifeline group" are the people with whom I can be vulnerable, candid, and accountable.
Let's have national policies that prevent exploitation of workers and the environment and that share prosperity. This is a choice between lifting each other up or continuing a spiral to the bottom.