Speaking of the New Gilded Age, Michael Bloomberg sure is the perfect plutocrat/political leader for it: It was only a matter of time — assuming Michael Bloomberg couldn’t run out the clock for two more weeks — before a reporter managed to ask the mayor about the New York Times’ five-part, lose-your-faith-in-humanity story on Dasani, […]
Tag: new gilded age
Look, I can’t see why everyone is after Steve Stockman just because his campaign headquarters was an overcrowded sweatshop where volunteers lived and worked without safety precautions and was de
Distressing that this joke actually resonates: According to Kennedy, one of the most pressing concerns associated with rapid aristocratization is the drastic transformation of the metropolitan landsca
After the Tarzeen fire and Rana Plaza collapse in Bangladesh over the past year, killing over 1200 workers in total, European companies subcontracting to those factories have stepped up and built a system of compensation for the families of the dead, the injured, and the unemployed. And that’s a positive. The American companies–not so much: […]
Long-term unemployment? Who cares about long-term unemployment? Things are great! The Dow Jones industrial average and Standard & Poor’s 500-stock index stalled after hitting record highs on Mo
Got to give it to Wal-Mart–like the Henry Clay Fricks and J.P. Morgans of old, it lays the system of inequality out for everyone to see: A Cleveland Wal-Mart store is holding a food drive — fo
Boeing CEO Jim McNerney is a sociopath: What we’re hearing from the Boeing Machinists right now isn’t just the usual labor-management posturing. It’s a primal scream of the middle class. When a union boss the other day called Boeing’s offer to do the 777X jetliner work here a “piece of crap,” he was of course […]
What a surprise that the herbal supplement/alternative medicine industry is filled with hucksters, scam artists, and grifters, the likes of which American medicine hasn’t seen since the days of
Mike Konczal usefully summarizes Gordon Lafer’s new report on the Tea Party’s class warfare. Although the media and most blogs have focused on Tea Party legislators’ work to undermin
Won’t somebody think about the plutocrats? There are millionaires, there are billionaires, and then there are the people who earn over a billion dollars in a single year. For the first time ever, the financial research firm GMI Ratings has found two CEOs making over $1 billion in annual income, according to the firm’s 2013 […]
Matt Taibbi has a comprehensive takedown on of how Wall Street has combined with irresponsible state politicians to steal public workers’ pensions. It’s the latest iteration of the Wall St
Volkswagen has a plant in Chattanooga. It is used to its company unionism of Germany and wants to recreate that in the United States, in part because labor representatives in Germany see the company&#