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Most* Americans want to soak the rich

…would you favor or oppose increasing taxes on Americans with high incomes?” Favor Oppose Unsure % % % 7/24-28/09 65 32 3 NBC News/Wall Street Journal Poll conducted by the…

Goldman Sach’s doubles bonuses?

…back on Wall Street. If the good times continue to roll, lofty pay packages may be set for a comeback as well. Based on analysts’ earnings forecasts for 2009, Goldman…

A different sort of crowding out

…a couple of hedge funds aligned can turn a profitable company into a Dow laggard. Toss in a few short sellers and you have the great Wall Street collapse of…

Slow collapse of the wage system is the underlying cause

…the current economic downturn will produce new generation of depression-era babies, people terrified into thrift and frugality by the hard times. The Wall Street Journal noted earlier this year that,…