Senator Bernie Sanders, a progressive senator from Vermont, is introducing a bill this week that would break up the Too-Big-To-Fail banks. It would require Treasury Secretary Lew to compile a list of these institutions in 90 days, and after that Continue reading
The American middle class isn’t disappearing. The middle class way of life is just being redefined. Downward. Being middle class on these shores no longer means that in return for a reasonable amount of work one receives a reasonable return Continue reading
We hoped otherwise but down deep we always knew. We knew that when negotiations about avoiding a fiscal cliff involved just two men, President Obama and House Speaker Boehner, Obama was going to get rolled. Again. This president has been Continue reading
David Brooks, the New York Times’ conservative columnist, wrote that President Obama’s convention speech lacked audacity. I agree. So here’s my own audacious plan that if actually implemented would cure many of this country’s economic ills. Begin by making Social Continue reading
Like so many other convention watchers, I was much impressed by the performance of former President Bill Clinton. Beyond his superb presentation, he actually hit the content buttons. He moved beyond the ‘my grandfather was poorer than yours’ rhetoric, and Continue reading
The Republicans asked a very poignant question at their just ended convention. One it would be dangerous and perhaps fatal for the Democrats to ignore. It was a repeat of a highly successful Reagan mantra: “Are you better off today Continue reading
If the above seems like an odd question, consider this: Rep. Paul Ryan has been the Republican congressman from District I in Wisconsin for the past 14 years. He is now running for Vice-President on a Republican Party ticket topped Continue reading
Going into the Republican Party Convention in Tampa this coming week, it’s time to clearly and succinctly state the nature of this party’s ticket. It can be summed up in five words: Wall Street and Tea Party. Governor Mitt Romney Continue reading
I look at the world’s economic problems these days and my mind turns to poetry. I think of W.H. Auden’s tragically appropriate poem, September 1, 1939, which speaks of “…hapless governors wake/to renew their compulsory games/who can release them now…” Continue reading
Before I became a senior editor with Bloomberg Financial News where my work revolved around business and economic issues, I spent years writing about the environment. This background has given me a rather interesting focus — an ability to see Continue reading