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CEOs Get Bailed Out. Workers Get Sold Out

Before she became the first female Labor secretary in 1933, Frances Perkins had seen firsthand the tragedy of Manhattan’s 1911 Triangle Shirtwaist fire. Locked in by their employer, 146 mostly young girls died when they couldn’t escape the burning building...

The Deal That Blew Up

The following is the text of the "agreement on principles" that blew up yesterday at the White House, as House Republican leader John Boehner blindsided negotiators by saying Republicans wouldn't support the deal. Sen. John McCain who had arranged the photo op refused...

The Road to Perdition

My previous post had me asking "How did we get here?" (Actually, I cleaned up my language for this post.) How did we end up on what could be an economic "road to perdition." per·di·tion – noun 1. a state of final spiritual ruin; loss of the soul;...

Condemned to Repeat It: When Our National Memory Fails

Those who don't remember the past are condemned to repeat it. Santayana's warning is now such a persistent cliche only because it's so painfully true. Where have we seen this kind of meltdown before? Oh, yeah, right—we've got those family snapshots of our grandparents...

The Big Conservative Blame-Shift

Rick flagged one of the conservative attempts to shift blame for the financial crisis away from their market deregulation and pin it on "government," namely the Community Reinvestment Act. Last night, President Bush played the blame-shift game again, trying to claim...

Get Ready For The Streamroller

Get ready for the steamroller on the $700 billion bailout of Wall Street. Tuesday was the time for throat clearing. It started to get out of hand. Opposition to the plan grew through Wednesday morning. Then... 1. Warren Buffett, the Oracle of Omaha and the biggest...

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