Category Archives: Economy

Trans Pacific Partnership: Corporate Mayhem Alive and Well

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

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On Class Warfare in America: The Yacht Mentality Revisited

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

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The Yacht Mentality that Threatens our Economy

 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

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The Fading of the American Dream: a Tale of Two Nations

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

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Happy Days are here again: and the banks roll on

If you’ve been watching the headlines on the economic front, you may have seen the news about record bank profits in the first quarter of the year to the tune of $40.3 billion, an all time high.  In fact, profits … Continue reading

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Wal-Mart: an anatomy of a colossus

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

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Is government planning to nationalize the pension system?

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

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My conversion to the Left

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

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I want to follow-up….

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

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A day of financial reckoning will soon come….

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

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