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,” which I employed as my central metaphor in depicting the economic inequity rampant in our nation. Williams, by the way, was a physician from Hoboken, … Continue reading On Class Warfare in America: The Yacht Mentality Revisited

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 plus 100 foot long yacht, sporting 3 recreational decks with pools, 7 bathrooms and 15 bedrooms, plus 3 bars and a below deck garage replete … Continue reading The Yacht Mentality that Threatens our Economy

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 surged 15.8% over the same quarter a year ago. This marks the 14th straight quarter of bank gains. In short, the bailed out banks (you … Continue reading Happy Days are here again: and the banks roll on