Economy and Business

GM Crashes Chevy

Good news, people. General Motors has turned a profit! However, there’s bad news, too: GM’s top executives are insane. By which I mean bonkers, loopy, bull-goose crazy.

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Want a Job? Good Luck

“Don’t believe everything you read in the papers,” Grandma said. We all learned that as kids, but sometimes we swallow dumb stuff anyway. Like now. We want to believe the economy is improving, so we grasp at headlines or TV news leads that offer hope. But those hopes are fools’ gold. The media mostly feature reports of growth because that’s what advertisers, especially real estate and stock brokers, want to hear. Glowing reports stimulate buyers.

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Rigging the Rules against Unions

There’s one direct, grassroots way that workaday folks can create more fairness in our country’s plutocratic, corporate-controlled economy: unite in unions. Indeed, some 60 million workers say they’d join a union today if they could.

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Plutonomism

Yes, it’s an actual word, derived from “plutocracy.” It was coined in 2005 by a team of “global investment strategists” at Citigroup, the Wall Street financial giant. While populism is based on the egalitarian principle of the common good, plutonomism unabashedly espouses the virtue of “the rich getting richer.”

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Yes, Virginia, Banks Really Are the Bad Guys

I have here in my hand, as Sen. Joe McCarthy used to say about alleged communist evidence, a bona-fide “Delivery Authorization” from Wachovia Bank (“a Wells Fargo Company”). They’ve already sent two. By simply moving a gold sticker from the top of the sheet to the reply form at the bottom, and entering the last four digits of my Social Security number, I can get my valuable “free” credit report.

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Show Some Guts: Stop the Cuts

From now well into the fall, a big story will unfold across the United States. Big as in bad. It will be terrible for our children, our communities, even the future of our country. I’m talking about massive cuts in public services, particularly in the area of education.

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