Dubai: Temple of Greed

Wealthy playground, By the sea; Never meant For you or me. You may be a bit hazy on the Persian Gulf. Basically that’s where a lot of the world’s oil comes from. The Gulf is a long, slim, shallow dead-end sea connected to the Indian Ocean by the...

Toxic CEO Pay Story

As a critic of runaway CEO pay, I have a lot of scars from debates I’ve done on cable TV business shows. But my most memorable pummeling was in August 2007, when I nearly got my head bitten off for criticizing Countrywide Financial CEO Angelo Mozilo on the CNBC...
Invertebrate President

Invertebrate President

Well, the Democrats are finally showing some fight. They’re fighting with each other, but it’s a start. The fading Democratic majority in the House has balked at accepting President Barack Obama’s compromise with Republicans on the Bush tax cuts,...

College Ain’t What it Used to Be

College now Is fraught with woe; Everybody, Wants to go. Everyone is going to college these days, whether they need it or not. And why shouldn’t they? With jobs so hard to come by, you might as well beef up your resume as stand around on the corner. After all,...
A $700 Billion Dilemma

A $700 Billion Dilemma

How would you spend $700 billion? Congress has to decide this month. One simple solution would be for Congress to extend the Bush-era tax cuts for households with incomes over $250,000 for another decade. That would use up all $700 billion. I feel bad for Congress....

Gambling: Upbeat, but Slipping

Gambling’s fun,When hard to find;But once it’s common,Never mind. Casino developers have to plunk down a lot of their own chips these days. Few researchers doubt that risk-taking is hard-wired into a slew of human brains, but at what point does over...