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Downsizing for Fun, Profit, and Chaos

Behind every defective U.S. private enterprise, suggests a surprising new report from inside Corporate America, sits a top executive effective at grabbing for windfalls. Corporate takeover deals that pay off big — for executives — typically follow a...

'Incomes Surge'? Furloughs Tell A Different Story

I suspected there was something being left unsaid when the headlines began streaming this morning that personal incomes in May surged 1.4 percent. And, indeed, there was. It is in the actual press release issued by the Commerce Department Bureau of Economic Analysis,...

Broken Health Care: What It Really Costs Us

Sometimes, when you're up to your chin in alligators, it's hard to focus on the fact that there's a big, broad, alligator-free world waiting somewhere out there, beyond the edge of the swamp. In this case, it's hard for most Americans to even imagine that nobody in...

Obama Makes An Important Trade Move

The Obama administration has announced that it will bring its first trade case against China in the World Trade Organization (WTO).  The Office of the U.S. Trade Representative has launched a case against China for imposing...

Gut-Check Time on Shackling Wall Street

The administration has rolled out its financial reform plan, which the president accurately calls the "the boldest set of reforms in financial regulation in 75 years." Rep. Barney Frank, the chair of the House Banking Committee, promises to act rapidly, hoping to pass...

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