While corporations are sitting on records amount of cash and still refusing to hire we have the reality absent GOP pushing for more tax cuts for these people. They consider to insist that their almost 30 year old failed experiment in economics is the way to go, that some how corporations will create supply without […]
This story has to be one of the most disturbing things I have read in a long time: Ikenna, a 28-year old construction worker, went to deposit a $8,463.21 Chase cashier’s check at his local Chase branch, only for the teller to decide that neither he nor his check looked right and he got tossed […]
Bob Cesca has posted the following chart, showing how the share of income labor sees is at a historic low: What’s interesting is how much the share dipped during the Bush years. During Clinton’s term, the rate was on the rise, after a substantial fall during the Reagan and Bush 41 years. So what does […]
When the GOP talks about tax breaks for the rich and businesses they always use the argument that the more money business has, the more people they will hire. This has been in a direct conflict of supply and demand economics and more proof is in this: Despite high unemployment and a largely languishing real […]
Today’s earthquake is another stark reminder that government regulations do save lives: From seawalls that line stretches of Japan’s coastline, to skyscrapers that sway to absorb earthquakes, to building codes that are among the world’s most rigorous, no country may be better prepared to withstand earthquakes than Japan. Had any other populous country suffered the […]
Something a lot of people don’t seem to be discussing is the merits of the actual rule requiring MSNBC/NBC employees to get approval before making political donations, and the further extreme stance of CNN barring it’s employees from the act. To me this is something that goes against the fundamental Constitutional right of Americans to […]
As if this comes as any shocker: Corporate America finished the second quarter with “near-historic” profits, largely by cutting costs, laying off employees and streamlining operations, the Wall Street Journal reports. Profits for companies in the S&P 500 soared 38 percent from the same period last year, hitting $189 billion, the WSJ says, the sixth-highest […]
Another hit from the asshat Fox News Network: (h/t Cesca) Douchey is going from the report that said 47% of Americans didn’t pay any income tax last year. Of course they didn’t pay income tax because they didn’t make enough money, but they still paid sales tax, home taxes, state and local taxes, etc. But […]
About damn time: A team of top federal prosecutors and investigators has taken the first steps toward a formal criminal investigation into oil giant BP’s actions before and after the drilling rig disaster off Louisiana. The investigators, who have been quietly gathering evidence in Louisiana over the last three weeks, are focusing on whether BP […]
There has been this new meme developing since the SOTU address that President Obama somehow breeched protocol or tradition by criticizing the Supreme Court’s decision on allowing unlimited money to flow from corporations to campaigns. This seems to be mostly fueled by the right, including some who are also critical of the decision. I wonder […]