By Jeffrey R. McCord of The Investor Advocate SHAREOWNERS OF THE WORLD UNITE! “Occupy” Annual Meetings and Court Rooms The spectacular fall and bankruptcy of Jon Corzine’s MF Global Holdings within clear sight of mostly inactive regulators reminds us that “the system is still far too vulnerable and the work of regulatory reform far from […]
Lifted from comments from Daniel Becker’s post here, reader PJR provides links to two good sources: Another data-driven study indicates income mobility is down at the same time that inequality is up, saying “Overall, the evidence indicates that over the 1969-to-2006 time span, family income mobility across the distribution decreased, families’ later-year incomes increasingly depended […]
Yves Smith has been on fire lately. Here’s an article on when offshoring fails. …As these industry examples illustrate, the tradeoff between cost and flexibility can be quite involved and difficult to evaluate. It now appears that the labour-cost benefits gained from offshoring might not be sufficient to cover the lost flexibility under many circumstances. […]
The current consensus is that Berlusconi is toast, or, as Krugman would say, Crostini. It is a bit risky to change horses in mid crisis and change Prime ministers in mid stream, but Berlusconi is a large part of the reason no one trusts Italy. Also everyone is totally sick of him especially his closest […]
Republican Rep. Joe Walsh was the only Illinois congressman to be named a “True Blue” member of Congress for “unwavering support of the family” by the Family Research Council Action committee Thursday. Walsh’s ex-wife says Walsh owes more than $100,000 in back child support for their three children. emphasis mine. Uh couldn’t they have thought […]
This is a 16 minute * lecture by Richard Wilkinson. It is posted at TED. I am posting it here, as I can not believe this information has not received more attention now that the US is awakening from the decades long delusion of prosperity which did not and as shown in the lecture could […]
Think Progress points us to …the Credit Union National Association (CUNA) reports that a whopping 650,000 Americans have joined credit unions since Sept. 29 — the date that Bank of America announced it would start charging a $5 monthly debit fee, a move it backed down on this week. To put that in perspective, there […]
Italy is more fubar than you imagine possible even taking into account the fact that it is more fubar than you imagine possible. That said, I insist the we are solvent (I am really really and that Italian long term treasuries (BTPs) are a great buy right now. Please. We need the money. But I […]
by Linda Beale the right’s smoke & mirrors scams about corporate tax “reform” One could get a pretty gloomy picture of the state of Social Security, and the need to “reduce entitlements” while at the same time hearing about the (faked) urgency of cutting corporate taxes in order to give our US multinationals an edge […]