Reagan's Ex-Budget Director Slams Crony Capitalism

An attack on “crony capitalism” David Stockman, Reagan’s former budget director, published in the the March 31st New York Times has come in for major attack from both the right and left. Given the piece provides a fairly accurate analysis of America’s current economic woes, I find this quite sad. Stockman also attacks  crony capitalism […]

Is a College Degree Worth the Cost?

Given the $962 billion Americans owe in student loan debt, it seems reasonable to ask what a college degree buys them in employability and future income. Not much according to a recent Online Degree feature revealing that 33,655 PhDs and 239,029 master’s degree recipients are on food stamps. American janitors are the most educated in […]

Occupy Wall Street: The View from Davos

  A British acquaintance has sent me a link to one of the background documents to be used when world leaders gather for the World Economic Forum in Davos Switzerland January 25th through 29th. The document is called Global Risks 2012. It can be downloaded from http://www3.weforum.org/docs/WEF_GlobalRisks_Report_2012.pdf The World Economic Forum is a Swiss non-profit corporation […]

Texas Miracle or Kabuki Theater?

Anytime I hear the word “miracle” I become suspicious. I know the word appeals to highly religious folks. However, as far as I can tell, behind every so called “miracle” there is a con man. Now that Texas Governor Rick Perry is the GOP frontrunner for the presidency, the media is flooding the airwaves with […]

Racial Wealth Gap Largest on Record as General Inequality Grows

By - Jesse Strecker The median wealth of white households is 20 times larger than that of Black households, and 18 times larger than that of Latino families, a report published by the Pew Research Center shows. This is the biggest difference that the Census has found in the 25 years that it has collected […]

Breaking News

This just arrived in my email from the Washington Post… Breaking News: Household incomes drop for second straight year, census data show Household incomes plunged for the second year in a row in 2009, as fewer families earned over $100,000 a year while the ranks of the poor rose, according to census statistics released Tuesday. […]