Monthly Archives: March 2010
“Something Is Profoundly Wrong With The Way We Live Today”
Much of what appears ‘natural’ today dates from the 1980s: the obsession with wealth creation, the cult of privatization and the private sector, the growing disparities of rich and poor. And above all, the rhetoric which accompanies these: uncritical admiration for unfettered markets, disdain for the public sector, the delusion of endless growth. We cannot … Continue reading
When Ego Celebrates Victory
The U.S. stock market in the week ahead will likely close out the quarter on a high note after its longest winning stretch since last summer. "It will be the end of the quarter, a strong and surprising quarter. If you look at volume, the market has caught a lot of institutions flat-footed," said Marc … Continue reading
Next Financial Meltdown
"What we’re talking about here is a system of incentives and beliefs in and around Wall Street that leads into big trouble both for the firms involved and for the country. And those incentives and those beliefs have not changed," Johnson says. "The 13 bankers who were brought into the White House last March … Continue reading
What Are You Complaining About?
“Amidst the housing crisis, high unemployment rate and the chaos on Wall Street, the last year has not been easy on consumers and the increase in complaints to BBB reflect this troubled economy,” said Stephen A. Cox, President and CEO of the Council of Better Business Bureaus. “Now more than ever, struggling families should rely … Continue reading