by Sam Pizzigati | Jun 14, 2009 | Blog
Remember that $500,000 pay cap for bailed-out banking execs the White House announced in February? Under Treasury Secretary Geithner’s new rules for bailout pay, that max has become a minimum. Early this past February, amid escalating public fury over $165 million in...
by Sam Pizzigati | Jun 7, 2009 | Blog, Minimum Wage
To rescue the global economy from reckless power suits, we just may need a 'maximum wage.' So say Australia’s top labor leaders and a fairly daring cohort of MPs in the UK. By Sam Pizzigati You don’t need to be particularly bold, not these days, to blame...
by Sam Pizzigati | May 25, 2009 | Blog
The awesomely affluent of high finance, if current trends continue, seem almost certain to survive the mess they’ve created — with their wealth and power largely intact. And Treasury and Congress don't appear to really mind. The American economy...
by Sam Pizzigati | May 17, 2009 | Blog
Citi analysts spent two years obsessing over luxury consumption by the rich. Last week, the ultimate symbol of that consumption — the fine art bubble — finally popped. Back a year ago, not long after Bear Stearns bit the Wall Street dust, buyers and sellers at New...
by Sam Pizzigati | May 14, 2009 | Blog
Amid our world’s economic wreckage, today's New York Times marveled, at least one developed nation seems to be doing just fine. That nation — little Norway — actually grew economically last year. Norwegians today haven’t just sidestepped the...
