These Hedges Need Trimming

These Hedges Need Trimming

They’re hunkering down at SAC Capital, the hedge fund empire of billionaire Steven A. Cohen. Federal prosecutors have been picking off SAC’s second bananas one by one, plea bargaining for information that brings them ever closer to Cohen. SAC coughed up...
Uncle Sam: Please Tax the Titans

Uncle Sam: Please Tax the Titans

I’ve already told you the story of Mrs. Campbell, my well-meaning high school guidance counselor. In case you missed it, I’ll tell you again. High school seniors in Detroit, where I grew up, had career counseling before they were turned loose on society. You took...

Obama 2.0: Yes We Can Raise Taxes

Republicans seem to have something against tax increases. I get that. But it’s still not crazy to think we can win some important revenue battles during Obama 2.0. And given this country’s pressing needs – from repairing our infrastructure to rehiring...
Giving Away the Store

Giving Away the Store

Sure, I’ll move My business here; Whisper tax breaks, In my ear. There’s a certain political irony surrounding WWE, that unrivaled producer of violence and misogyny for fun and profit. As a significant employer with 700 workers here in otherwise dowdy...
Paulson’s Plaintive Plea

Paulson’s Plaintive Plea

Who’s the most befuddled Wall Streeter of all? The richest guy on the Street. In assessing the spreading public protest against the rampaging greed of today’s financial elite, John Paulson turns out to be as confused as a goat on Astroturf. Oh, he gets...