This Is Why We Need the Employee Free Choice Act

Robert Eshelman at Alternet reports that some employers are using the dire and worsening unemployment situation as a weapon against workers who are terrified of losing their jobs: The mainstream media has generally sketched a picture of a labor market in which, under the pressure of an economic meltdown,...

The Best Damned CNBC Takedown, Period

The Daily Show With Jon StewartM – Th 11p / 10c CNBC Gives Financial Advice Daily Show Full EpisodesImportant Things With Demetri Martin Political HumorJoke of the Day The Daily Show with Jon Stewart, I salute you. Real American Heroes, right here. Hat-tip to Sarah J at...

That’s a nice little racket they have going

First they wreck the economy, then they profit off the smoldering heap: Stanford L. Kurland, the former president of Countrywide Financial the bank that has become most synonymous with the bad mortgage lending practices that eventually caused the housing market to burst, setting into motion the current...

Where’s the bottom?

[Click the image to enlarge it.] That graph shows some perspective. And here’s some reality: As we all know, yesterday the stock market took anther slide.  I usually hate Associated Press articles because they rarely explain the news well, but yesterday’s short AP piece was, like that graph,...

Since we didn’t do a podcast this week

You have time to listen to this podcast instead.

Forget nationalizing banks

Let’s nationalize GM, first. General Motors Corp. and Chrysler LLC told the federal government they need at least $21.6 billion more combined in bailout loans to put them on the road to recovery, and outlined possible scenarios if either auto maker should have to file for bankruptcy protection....