Month: September 2011

NYC Transit Union Joins Occupy Wall Street

HUFF POST:  New York City labor unions are preparing to back the unwieldy grassroots band occupying a park in Lower Manhattan, in a move that could mark a significant shift in the tenor of the anti-corporate Occupy Wall Street protests and send thousands more people into the streets. The Transit Workers Union Local 100’s executive […]

NEW YORK REVIEW OF BOOKS

Mega-billionaire, philanthropist and political activist Geore Soros writes in “Does the Euro Have a Future?”: “…an orderly default and temporary withdrawal from the eurozone may be preferable to a drawn-out agony.  A disorderly default could precipitate a meltdown similar to the one that followed the bankruptcy of Lehman Brothers…” “…the possibility of an orderly default […]

No one enjoys bailing out banks

The Austrian School [of Economics] is far outside the mainstream and has nothing intelligent to say about modern economies. The financial bailouts were regrettable but anyone with a clue knows that they were absolutely necessary. Banks are not hardware shops.

Both men and women need support post divorce

For Emily V. Gordon, a therapist and Huffington Post blogger, it may because men don’t have the sort of support women do post-divorce I call bullsh*t. My best friend went through a divorce- in the stages of trying to save their marriage, they went to their pastor. The pastor spent more time with her future […]

INTELIGENCER NEW ERA

In his column “Obama picks a good fight”, Robert Reich provides the following information: “For more than 30 years, from World War II to 1981, the top marginal tax rate never fell below 70 percent…The top rate is now 35 percent and it applies only to income over $379,000.” “Only just over 1 percent of […]

War and poverty inescapable?

Actually, we are in the beginnings of a world war. It is a war being waged in many countries against corruption, economic stagnation, and impending recession/depression. In the US the biggest weapon being used is hot air and so I suppose we will lose. Too bad. Millions more will suffer and a new war may […]

Give stimulus checks to the people

Austrian School economists generally advocate a laissez faire approach to the economy and are most frequently associated with libertarianism.   http://en.wikipedia.org/wiki/Austrian_School If another Stimulus Bill is brought to the table I hope Congress decides to hand the checks directly to the people; kind of like a dividend check. That way, the fats cats only get richer if […]

EU urged to probe Hungary mortgage move

From the FINANCIAL TIMES: Foreign banks and governments are warning that Hungarian moves to help holders of Swiss franc mortgages amount to “expropriation” that could damage the country’s banking system and economy. … Hungary’s parliament last week passed a law allowing mortgage borrowers in Swiss francs and euros to repay their loans by the year-end […]