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At Davos 2010, Some Tough Talk on Greed

Labor leaders at last week's Alpine assembling of global bankers and CEOs came with a simple pledge: We're going to fight to cap your pay. At Davos, the Swiss resort where global corporate and financial execs assemble every winter at a glittery “World Economic...

Wall Street's Bonus Binge in Perspective

A relative handful of Americans, a key congressional panel forecasts, will take home more this year than half the nation's taxpayers combined. Americans worried about the ever-intensifying concentration of wealth at America’s economic summit have been focusing...

A Banker Bonus Dilemma for Reformers

Would a stiff tax on banker bonuses blunt Wall Street profiteering — or let the vast majority of America's wealthy off the hook? “Wall Street,” the New York Times observed earlier this month, “is confronting a dilemma of riches: How to wrap its...

When Will the White House Wake Up?

Congress may be gridlocked, but the Obama administration has the power, even without congressional action, to take on the CEO set — and the windfalls that are so enraging average Americans. A year ago, movers and shakers at the upper echelons of the Democratic Party...

In a Lost Decade, We Had Big Winners

By nearly every measure, average Americans lost ground in the “Aughts.” They’ve been losing ground — to the rich — for three full decades now. Will the 'Teens' make that four? Pawn shops always do well in recessions. CEOs of pawn shops, at least these days, do even...

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