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    Economics / corporate taxes, profits, wages /

    Cash Rich Big Business

    March 18, 2013

    You’re too busy to notice, so let me draw your attention to an interesting fact: the cash pile that corporate America is sitting on grew by 10% last year. It is now $1,450 billion. An all time record. This is according to Moody’s the big rating service. And you thought these were hard times! Corporate […]

    Economics / bank reform, banking, Citibank, deregulation, Euro, Jamie Dimon, JP Morgan Chase, regulation /

    Oh, Those Crazy Mega-Banks

    March 18, 2013

    Oh dear. I managed to avoid talking about banks for quite a while. It seems time to revisit our favorite villains. They’re up to no good again. The problem with banking, as someone far wiser than I once said, is that banks are more dangerous than standing armies. I guess he must have said that […]

    Economics / defense spending, government spending, medicare, Paul Ryan, Republicans, Social Security /

    Game Over

    March 18, 2013

    Let the new game begin! You may have missed this weekend’s news. Here is the short version: the Republican party does not think there is a fiscal crisis. No. Not at all. What crisis there is resides well off in the future. So all those panics, fiscal cliffs, sequester debates, and assorted other dire emergencies […]

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