There is a fraternity-like mentality that exists among corporate CEOs. There is an illusory standard of what "moral" or "legitimate" actually means in decision making for that elite crowd.
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For a Yale economist to play "blame the consumer" is incredible enough, but to use that argument ostensibly in support of "bridging the wealth gap" is disingenuous at the least.
Wal-Mart's PR team thought that helping "Main Street" sounded good -- even though businesses on Main Street will tell you that Wal-Mart is the Grinch who stole their Christmas.
John McCain fell in love with Joe the Plumber and proclaimed that we were all like Joe. But no one has stood up so prominently for the millions of Americans who would gladly switch places with Joe.
Unquestioned faith in the old order produces shock and panic as one pillar after another crumbles and falls. So it is with cursedly interesting times.
Let's hope more people will think about today's situation in togetherness terms, not we versus them, because that state of mind cannot solve the problems we all share today.
The Republicans have always opposed regulation of business that protects the "little people" against greed-ridden and corrupt practices of insatiable corporate elites.
The World Bank and IMF held their annual meeting in Washington, DC, this weekend, and of course the global economic meltdown was on everyone's minds.
The problem with this turn of phrase, besides dumbing down our discourse or sounding cliché, is that it assumes a good-versus-evil duality to the financial problem at hand.
The President and Congress have finally allowed us to allocate $700 billion to a policy, about whose success they are, at least reasonably, doubtful. They should enact new regulations.
Let's face it: the Bailout Bill doesn't get to the heart of what's wrong with our economy. Neither you, nor I, nor many of those who voted for it believe that this bill will solve the pressing issues American families face.
Few people can afford to treat themselves to an occasional red velvet cupcake or a ham and cheese croissant when a gallon of milk can as much as $4.
As to the anger toward Wall Street, I certainly understand it. As to anger toward those who are in housing trouble, I have a different point of view.
The House Republicans will be to blame for any calamities that may yet be in store for our economy. Their objection to the modified Paulson Plan was not ideological, it was political.
By Stephen C. Rose
Each morning I dutifully post links from sites I value for their news sense or opinion pertinence.
Today the general theme is bai...
Main Street America is sending a clear message to Washington these days: Don't direct all your help to Wall Street. Give us the tools we need to dig ourselves out of our own economic crisis.
The economic crisis will pass but America's biggest crisis is the fact that Washington is an 18th Century American political system operating in the 21st.
Pelosi has made a difference in negotiating this bailout while still managing to speak directly with the public (imagine that!).
Bush and McCain have turned a blind eye to those who are struggling to keep their homes. Back then they were talking about "market correction." Only now are they talking about government intervention.
Sen. John McCain returned to Washington on Thursday after declaring that he has suspended his campaign, but he appeared largely detached from the flur...
Journalists like simple stories with clear-cut villains who are easy for readers (and journalists themselves) to recognize. And so, as the financial c...
Now that JPMorganChase has raised its bid for Bear Stearns, angry shareholders seemed to have calmed down and Wall Street isn't as worried that the in...
Read between the lines of the Bear Stearns-JP Morgan story and it seems clear that the parties who insisted on the original $2 deal price were not JP ...
Wall Street investors couldn't applaud enough last week when the Federal Reserve rode in and rescued investment bank Bear Stearns from bankruptcy.
Employees at Bear Stearns Cos were hardly celebrating the day after JPMorgan Chase & Co raised its bid for Bear five-fold.
Instead, resignation, bitt...
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