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Category Archives: Economy
Despite President Obama’s spirited pledge to reduce the growing gap between rich and poor, his administration has been covertly involved in negotiating a Trans Pacific Partnership (TPP) trade agreement whose potential fallout would only exacerbate, not lessen, the economic divide, consolidating … Continue reading
I wanted to revisit my last post of several days ago, “The Yacht Mentality that Threatens our Economy,” with this apropos poem by William Carlos Williams, one of America’s foremost modernist poets. As you may have surmised, it’s called “Yachts,” … Continue reading
I turned on the TV while eating lunch yesterday to a feature called “Island Paradises,” thinking Hawaii or maybe some Caribbean gem like Dominica or St. Vincent’s. Instead, it was about one man’s substantial investment, worth $28 million, in a … Continue reading
You may have seen this morning’s AP report on growing poverty in America.: Four out of 5 U. S, adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic … Continue reading
You see them everywhere now, spreading like a fungus, invasive, unstoppable, a contagion blighting main street America. What we used to call downtown is a pale shade of what once gave vitality and lent identity to our cities and towns, … Continue reading
Currently, rumors have been floating like broom-seated witches in the wind that the government wants to not only overhaul America’s pension system, but replace it with its own. Nationalization then is the buzz word here. Private plans such as IRAs … Continue reading
Let me tell you of my conversion to the Left 1. The Great Recession: Our worst economic crisis since the stock market collapse in 1928, its genesis clearly lies with Wall Street speculators and the banking industry. With dollar signs … Continue reading
I want to follow-up on my last post dealing with our economic prospects in the coming year, exacerbated by Sequestration, or mandatory across-the-board budget cuts, beginning in January, 2013. Things to ponder: Whatever one’s politics, the Obama administration, in its … Continue reading
A day of financial reckoning will soon come to America, resulting in a substantial redistribution of income and entitlement payouts. It will see its genesis early in 2013, or shortly after this fall’s election. We’ve already witnessed the opening skirmish … Continue reading