Archive for August, 2008

Companies Tap Pension Plans To Fund Executive Benefits

Excellent reporting on the front page of today’s WSJ: Companies Tap Pension Plans To Fund Executive Benefits Little-Known Move Uses Tax Break Meant For Rank and File By ELLEN E. SCHULTZ and THEO FRANCISAugust 4, 2008; Page A1 At a time when scores of companies are freezing pensions for their workers, some are quietly converting ...Read more.

The Banks and Private Equity

A good editorial from today’s New York Times, cautioning against private equity firms’ efforts to get the Fed to relax bank ownership regulations. The current issue of Dollars & Sense includes a feature article by a former industry insider that exposes how an already favorable regulatory landscape allows private equity firms to reap megaprofits at ...Read more.

#OccupyBoston #OccupyWallStreet Alejandro Reuss Arjun Jayadev Arthur MacEwan ASSA austerity banking regulation Bank of America Boeing climate change David Graeber Dean Baker debt deficit deficits economics profession Egypt financial regulation foreclosures Gar Alperovitz Goldman Sachs Greece Hosni Mubarak inequality interest-rate swaps Jeannette Wicks-Lim John Miller Mark Engler Naked Capitalism Paul Krugman police brutality Polly Cleveland public-sector workers QE2 Rick Wolff Social Security taxes the Fed unemployment unions uprising Wikileaks William K. Black Wisconsin