nytimes.com - 4/27/2009
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On July 15, 2007, The New York Times published an article with the headline “The Richest of the Rich, Proud of a New Gilded Age.” The most prominently featured of the “new titans” was Sanford Weill, the former chairman of Citigroup, who insisted that he and his peers in the financial sector had ...
nytimes.com - 5/3/2009
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nytimes.com —
Wages are falling all across America. Some of
the wage cuts, like the givebacks by Chrysler workers,...
are the price of federal aid. Others, like the tentative agreement on a salary cut here at The Times, are the result of discussions between employers ...
(more)
Op-Ed Columnist - Falling Wage Syndrome
nytimes.com - 4/24/2009
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nytimes.com —
“Nothing will be gained by spending our time
and energy laying blame for the past.” So declared...
President Obama, after his commendable decision to release the legal memos that his predecessor used to justify torture. Some people in the political and ...
(more)
Op-Ed Columnist - Reclaiming America’s Soul
nytimes.com - 5/1/2009
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nytimes.com —
The 2008 election ended the reign of junk
science in our nation’s capital, and the chances of...
meaningful action on climate change, probably through a cap-and-trade system on emissions, have risen sharply. But the opponents of action claim that ...
(more)
Op-Ed Columnist - An Affordable Salvation
Comments
Blog Reactions
Paul Krugman: Money for Nothing
Economist's View —
... Money for
Nothing, by Paul Krugman, Commentary, NY Times: ...Sanford Weill, the former
chairman of Citigroup,... insisted that he and his peers in the financial sector
had earned their immense wealth through their contributions to society. ...
Links 4/27/09
naked capitalism —
... in the Merrill-BofA affair, it's blindingly obvious that the Charlotte bank was aware of the Merrill bonuses. Paying them without notification would have been a breech of the merger agreement, and Thain is too seasoned (and well trained to call lawyers when in doubt) to have made an error of that magnitude. $60 billion and counting: Carry trade-related losses and their effect on CDS spreads in Central and Eastern Europe Raphael Aue, Simon Wehrmüller, VoxEU Money for Nothing Paul Krugman. On the fact that Wall Street is gearing up for a good bonus year. ...
Cronyism, the Fed, the Treasury, and the Banks
Angry Bear —
... What can I say? Bank bonuses are climbing again. All is hunky dory. Casandra-Krugman again sounds the alarm. And Geithner, boy wonder, child of the New York Fed, protégé of Rubin, is the unabashed advocate of his dining chums: Citibank mucky-mucks, Goldman and Sacks execs…on and on the list goes. Why, just as Citibank was going into a tailspin, Sanford Weill, its CEO, asked Geithner ...
Geithner & Club Wall Street, California vs. Wells on ARS, Swine Flu
Economic Discourse —
... is on the side of investors and not the banks. Wells could potentially pay back about half a quarters profit if loses here
Auto Watch: GM offers bondholders equity swap, GM to axe one third of staff in last-ditch rescue
Swine Flu Could Enhance Recesssion: World Bank estimated in 2008 that a flu pandemic could cost $3 trillion and result in a nearly 5% drop in world GDP
London Bankers Look for Exits After ‘Last Straw’ Tax Increase
Krugman, Money for Nothing
Krugman's latest hypocrisy
Eidelblog —
... Coming across Krugman's latest -- the same old hackery -- was unintentional. I rarely read his columns anymore, and certainly not at lunchtime lest they turn me into a bulimic. I have a new tagline for his columns and blog: "Hypocrisy purer than Vermont maple syrup." ...
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