Right-wing billionaires threw a hissy fit in recent weeks. The 99 percent are persecuting them, the wealthy ones whined. That whole Occupy Wall Street thing hurt their feelings, conservative 1 percenters pouted.
Plenty of worry for the famous wall that markets often climb, but no Armageddon's on the horizon. Maybe we can get back to "normalcy" after all, even with increased market "volume" more to the upside.
A much happier subject than this is the joy of collecting art. The newspapers are full of record sale prices for artworks at auction, and art fairs pr...
Nate Hagens, who is a well-known authority on global resource depletion, dropped by the farm yesterday. Nate used to work on Wall Street as a vice pr...
When residing in the U.S., an aspiring but not yet permanent resident, the first crucial step to acquiring the American-ness I have come to love and d...
Republicans can pummel their own party if they want to, but what's amazing is that 18 of them in the Senate and 144 in the House voted against restoring government services and paying America's debts.
Take a nonpartisan approach to collaboration and ideas. When your world is seemingly falling apart, the impulse may be to "duck and cover," but that's the last thing real leaders do.
President Obama is clearly aware of the risk associated with Wall Street misbehavior, but he has failed to champion significant reforms. Here are several suggestions that the president should consider.
There is no mystery about the downturn or the potential routes to recovery. The only problem is that the people in control of economic policy have no interest in taking the steps necessary to bring the economy back to full employment.
Even after pointing out how Occupy fell short and how a little agreed-upon focus might have prolonged the movement and allowed it to grow strong, Occupy did succeed spectacularly at their basic goal: changing the American conversation about the economy.
Did we need to save the private sector? Absolutely. But we're nowhere near done saving families who are still suffering from the effects of the financial crisis that they didn't create.
NEW YORK -- Media outlets love anniversaries. They become the makers and news-pegs for one-day stories that become pretexts for episodic coverage of k...
Five years ago this month Wall Street almost went under. We bailed it out. Millions of Americans are still suffering the consequences of the Street's excesses. Yet the Street's top guns and fat cats are still treating the economy as their own private casino, and raking in even more than before.
For decades, you could always count on the Federal Reserve to pull the plug on prosperity too soon, seeing ghosts of inflation everywhere. The Fed, responsive as it was to creditors, preferred a dose of recession to any sort of price pressures, especially wage increases. That changed with the regimes of Fed chairmen Alan Greenspan and Ben Bernanke. Greenspan was willing to keep interest rates low because the banks kept getting into difficulty after bouts of speculative excess in the 1980s and '90s and needed the cheap money to rebuild their balance sheets. The ultimate such collapse occurred just five years ago this week, when the crash of Lehman Brothers revealed the rot in the entire system, and one over-leveraged domino after another fell. The Fed, after a somewhat anomalous run as the engine of recovery, seems to be reverting to type. Trouble is, the economy won't cooperate with this scenario. Inflation is nowhere to be seen, and the recovery continues to be weak.
Capitalist theory asserts that CEOs rise to the top based on merit and moxie and deserve million-dollar pay packages. Turns out, though, capitalism doesn't really work that way. Conniving Jonnies rule the business world.
We all get so busy caught up in what we do every day, that we don't give the time to really reflect on why we do it!