Archive for September, 2009
Billionaires Against Regulating Finance (B.A.R.F)
A public service announcement on behalf of America’s most oppressed minority: billionaires. FOR IMMEDIATE RELEASE – September 29, 2009Contact: Beemer N. Mazzerati (aka Steve Schnapp)(857) 277-7868 sschnapp@faireconomy.org “Billionaires Against Regulating Finance” to Face Off with Protesters in Boston’s Financial District Day of Action set for Thursday, October 1, 2009 Boston, MA, September 29th, 2009 – ...Read more.
One Year After Lehman (C. P. Chandrasekhar)
From NewsClick.in: P. Chandrasekhar is a Professor at the Centre for Economic Studies and Planning, School of Social Sciences, Jawaharlal Nehru University. He has co-authored ‘Crisis as Conquest: Learning from East Asia’ and is a regular columnist for Frontline Magazine and Businessline financial daily. In the video below Prof. Chandrasekhar talks about the global financial ...Read more.
Two Takes on Acorn
Here are two takes on the Acorn scandal/bashing—from the Yes Men (in the Washington Post) and from Bill Fletcher, Jr. (at Black Commentator). Congress Went After ACORN. Big Business Must Be Next! By Jacques Servin and Igor VamosSunday, September 27, 2009 We are the Yes Men, two guys who dress up as powerful businessmen, propose ...Read more.
The G20 Must Wake America Up
A column from today’s Guardian by Kevin Gallagher, a research fellow at the Global Development and Environment Institute at Tufts University. We haven’t done enough to fix the global financial crisis – or prevent the next one. The US has been asleep at the wheel Kevin Gallagherguardian.co.uk,Thursday 24 September 2009 18.00 BST When President Barack ...Read more.
HR Manager Beaten to Death by Angry Workers
From CNN/Asia. Yikes! By Harmeet Shah Singh | Wednesday, September 23 2009 NEW DELHI, India (CNN) — Angry workers beat to death a human resources vice president after he laid off 42 employees at an auto-parts manufacturing company in southern India, police said Wednesday. Roy George was vice-president for human resources at Pricol, the auto-parts ...Read more.
The Staley Lockout (Thad Williamson)
Second in a series of blog posts by former D&S collective member Thad Williamson, who is teaching a course on social movements at the University of Richmond, where he teaches at the Jepson School of Leadership Studies. This post is on a 2009 book on the struggles of workers at A.E. Staley Company in Decatur, ...Read more.
Energy Xtremism (Michael Klare)
From TomDispatch, with intro from Tom Engelhardt: Talk about roller-coaster rides: the price of a barrel of crude oil, which was still under $20 the week after September 11, 2001, made it to $147 in July 2008, just before the global economic meltdown, only to hit a low of $32.40 early this year. And yet, ...Read more.
Emphasis on Growth Is Called Misguided
In today’s NYT business section; reports on the study Joseph Stiglitz and Amartya Sen have put out, sponsored by Nicolas Sarkozy. The Times is somewhat more respectful than one might have expected, e.g. in this sentence: “In millions of households still grappling with joblessness and the tyranny of bills, signs of health served up by ...Read more.
FDIC May Seek Bailout for Failed Banks
Banks large and small continue to drop like flies. The Federal Deposit Insurance Corp (FDIC) was set up in the wake of the Great Depression to guarantee depositors’ funds when a bank fails. The FDIC is funded by insurance payments and fees made by banks. The wave of bank failures that includes megabanks Indymac and ...Read more.
Mankiw on Statins
Orthodox economist Greg Mankiw weighed in on the health-care debate in Sunday’s New York Times, with a heavy dose of cost-benefit analysis, plus a personal note about the doses of cholesterol-lowering statins he takes every day. Makiw reasons that since his daily pill costs roughly “$150,000 for each year of life saved,” this shows that ...Read more.
