Economy and Business
Seeing China from the New World Trade Center
For example, the twin towers of the World Trade Center in New York City were crashed to the ground on 9/11. But now, a new tower is rising from those very ashes—a soaring steel and glass monument to the American spirit, a powerful symbol of our national resilience. Well—except for the glass. A company named Beijing Glass got the government contract to provide the window panes that’ll cover the first 20 stories of the tower. Yes, the monument to our national spirit is being sheathed with made-in-China glass.
Wall Street Gets It
I don’t know why people, even smart people, keep saying that bankers and the rest of the Wall Street crowd don’t get it.
Record Bank Profits and the American Dream Foreclosed
All of us will be hurting for years because Washington is refusing to make the banks eat the debt bubble they created. Instead, the bailed-out banks are walking away with record profits and fat bonuses.
Free at Last
Robbing Grandma to Reward Wall Street
When I grew up in Texas, the dance we all learned was the Texas two-step. But times have changed. The next big dance these days could be called the Social Security double shuffle. A good number of senators are waltzing to the music of the “let’s cut Social Security” crowd by trying to sell a solution to the deficit designed to hack apart the government-guaranteed retirement plan we’ve had since the 1930s.
Haiti: Earthquakes and Neo-Colonialism
Our hearts go out to the Haitians. Earthquakes and hurricanes. Disaster after disaster. There’s no letup. We’ll send cash, food, meds, trucks, pumps, clothes, shovels, tarps, bulldozers, cement, computers, docs, water, clergy, plumbing, prayers, and everything else we can think of.
Shouldn’t ‘Local’ Businesses Be Local?
Giant corporations are trying to co-opt the meaning of one of our important words: “local.” It’s important because small businesses across the country have created a very positive, grassroots economic movement, based on being local producers, providers, and marketers. Over 130 cities have “local business alliances,” with 30,000 businesses enlisted.
Stop the Merger Merry-Go-Round, We Need to Get Off
What may be the dumbest corporate merger of all time—the $165 billion deal that saw AOL gobble up Time Warner a decade ago—ended just before the holidays, when AOL formally spun off into a totally separate company.
The State of Martin Luther King Jr.’s Dream in 2010
Over 40 years after Dr. Over 40 years after Dr. Martin Luther King, Jr.’s assassination, his words still speak to the social conditions that so many Americans face. Our unemployment rate is hovering at 10 percent, and the wealthiest 10 percent of us control over 70 percent of the nation’s wealth. Economic inequality remains a barrier to greater racial equality. The national commemoration of King’s birthday, therefore, is more for reflection than celebration.