Brian Moynihan and Empress Eudoxia

Where does Brian Moynihan go to church? And how is it that he still feels comfortable there? Moynihan, the CEO of Bank of America, “plans to cut at least 3,500 jobs in the upcoming months, with the possibility that thousands of additional positions could also be eliminated.” In a memo to the bank’s senior management [Read More...]

Don't lay off 120,000 postal workers in the middle of a jobs crisis

First, do no harm. I appreciate that the U.S. Postal Service is facing a world of reduced revenue due to the Internet. But right now, in the middle of a yearslong jobs emergency, is not the time for talk of layoffs. Until the jobs crisis is resolved — i.e., for the foreseeable future — the [Read More...]

Unlike conservatives, I'm in favor of economic growth

A handful of items worth repeating, and worth following the links to read in full: Nobel laureate Peter Diamond: Infrastructure spending is not a vehicle for dealing with a normal recession. But once you recognize this recovery will be slow, you realize this is a time when we should be doing major spending on infrastructure. [Read More...]

Player's Union: The Movie

After sharing my pipe-dream plea for the professional athletes’ unions to show more solidarity with other, less elite, workers in other unions (see: “Workers of the world unite“), I got quite a few responses pointing out the many real and daunting reasons it’s not likely to ever be more than a pipe-dream. I really do [Read More...]

'Stop kicking people when they're down'

If we want to reduce poverty, we have to stop doing the things that make people poor and keep them that way. Stop underpaying people for the jobs they do. Stop treating working people as potential criminals and let them have the right to organize for better wages and working conditions. Stop the institutional harassment [Read More...]

Jobs. Jobs. Jobs. And, also, Jobs.

Joe Gagnon points out that the Obama Administration and the Federal Reserve have plenty of tools available to boost hiring and generate growth — tools that could not be held hostage by the Teaocrats in the House of Representatives: Many actions that would be helpful — extension and enlargement of the payroll tax cut, extension [Read More...]

'Aristocrats were always anarchists'

It’s been three years since I last quoted this, from G.K. Chesterton’s The Man Who Was Thursday: A Nightmare. So it’s about time I quoted it again. “You’ve got that eternal idiotic idea that if anarchy came it would come from the poor. Why should it? The poor have been rebels, but they have never [Read More...]

The tea party just cost you $322

The Tea Party just cost you $322. That’s the latest cost of their incoherent national tantrum — $100 billion in increased financing costs for which America gets nothing in return. That works out to $322 for every man, woman and child in the United States. So the Tea Party just cost you $322. They just [Read More...]