Boom For Whom
While I’m talking about inequality and the crisis, I realized recently that there’s another channel not usually talked about, via the misperception of success.
Let me start with a puzzle: why did faith in the wonders of financial de…
Tag Archive for Rce
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How Freedom Became Tyranny
by Bears Chat at The Wall Street Examiner • • 0 Comments
Freedom: who could object? Yet this word is now used to justify a thousand forms of exploitation. Throughout the rightwing press and blogosphere, among thinktanks and governments, the word excuses every assault on the lives of the poor, every form o…
Bears Chat, Best of the Forums, Must Read
More Young Americans Fear and Avoid Debt
by Bears Chat at The Wall Street Examiner • • 0 Comments
Eric Richardson and Tyson Lloyd’s headlamps shine on the side of the canyon in Logan, Utah. After securing their Vietnam War-era tent, lacing up their hiking boots and loading their backpacks, the two make their way to the car below. They must arriv…
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Young Americans Getting ‘Turned Off’ By Debt
by Bears Chat at The Wall Street Examiner • • 0 Comments
Eric Richardson and Tyson Lloyd’s headlamps shine on the side of the canyon in Logan, Utah. After securing their Vietnam War-era tent, lacing up their hiking boots and loading their backpacks, the two make their way to the car below. They must arriv…
Bears Chat, Best of the Forums
In Foreclosure-Plagued Vegas, Empty Homes Go To Pot
by Bears Chat at The Wall Street Examiner • • 0 Comments
Reporting from Las Vegas— The Ballard house was as unassuming as any in the stucco outskirts of L…
Bears Chat, Best of the Forums
Key Lesson From Iceland Crisis Is "Let Banks Fail"
by Bears Chat at The Wall Street Examiner • • 0 Comments
Three years after Iceland’s banks collapsed and the country teetered on the brink, its economy is recovering, proof that governments should let failing lenders go bust and protect taxpayers, analysts say.
The North Atlantic island saw its three b…
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Oligarchy, American Style
by Bears Chat at The Wall Street Examiner • • 0 Comments
Inequality is back in the news, largely thanks to Occupy Wall Street, but with an assist from the Congressional Budget Office. And you know what that means: It’s time to roll out the obfuscators!
Anyone who has tracked this issue over tim…
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Guts, Gumption and Hard Work Don’t Pay Off Anymore
by Bears Chat at The Wall Street Examiner • • 0 Comments
A profound change has come over America. Guts, gumption, and hard work don’t seem to pay off as they once did – or at least as they did in our national morality play. Instead, the game seems rigged in favor of people who are already rich and pow…
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Why The SEC Won’t Hunt Big Dogs
by Bears Chat at The Wall Street Examiner • • 0 Comments
Back when the Financial Crisis Inquiry Commission was doing its work, I would check in periodically with someone who worked there to find out how it was going.
“Good news!” my source would joke. “We got the guy who caused it.”
That is the way I …
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Panic of the Plutocrats
by Bears Chat at The Wall Street Examiner • • 0 Comments
It remains to be seen whether the Occupy Wall Street protests will change America’s direction. Yet the protests have already elicited a remarkably hysterical reaction from Wall Street, the super-rich in general, and politicians and pundits who rel…
