Economy and Business
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 show Squawk Box.
Invertebrate President
Well, the Democrats are finally showing some fight. They’re fighting with each other, but it’s a start.
College Ain’t What it Used to Be
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 saturation cause the developer to lose his shirt?
A $700 Billion Dilemma
How would you spend $700 billion? Congress has to decide this month.
Gambling: Upbeat, but Slipping
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 saturation cause the developer to lose his shirt?
Crocodile Tears
ISO: Obama’s Campaign-Trail Eloquence
What I can’t understand is why so many people of modest means are against taxing the filthy rich. Recent polls show a majority of people favoring the extension of Bush’s tax cuts for the rich. Why?
At Last, Larry’s Going Away
Thank God and Harvard–Larry Summers is going away. But not before doing extraordinary damage to America’s middle class and to the man who hired him. Summers, chief architect of Barack Obama’s squirrelly Wall Street policies, says he’ll move on at the end of the year.
Buses Are the Answer
With all due respect to President Barack Obama and the $8 billion he’s dishing out to the states for high-speed rail, it’s too late.
Raise the Minimum Wage
When he was campaigning in 2008, President Barack Obama promised to raise the federal minimum wage, declaring “people who work full-time should not live in poverty.” Obama proposed raising it to $9.50 by 2011. That would merely adjust the minimum wage for inflation and restore its 1968 purchasing power.
