Posted on December 23, 2008 by Greg Stone
Pardon my Christmas spirit, but these bastards are despicable – DESPICABLE!
I say screw you – go under – but first, give us every damned penny back or go to jail!
I’m talking about those fat-cat jerks on Wall Street that are making the jerks running the car companies and flying their private jets to ask for [...]
Filed under: economy, politics | Leave a Comment »
Posted on December 22, 2008 by Greg Stone
Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals.
The rewards came even at banks where poor results last year foretold the economic crisis that sent them to Washington for a government rescue. Some trimmed their executive compensation due [...]
Filed under: economy, politics | Tagged: bailouts, bankers, bonuses, ceo salaries | Leave a Comment »
Posted on December 21, 2008 by Greg Stone
Yeah, the buck stops at the top and the self-styled “Decider” had all the wrong ideas at all the wrong times for all the wrong reasons. Here’s how the NYT explains it in a beautiful analysis today:
From his earliest days in office, Mr. Bush paired his belief that Americans do best when they own [...]
Filed under: Obama, economy, politics | Tagged: bail out, bailout, Bush, decider, financial crisis, home mortgage | Leave a Comment »
Posted on December 14, 2008 by Greg Stone
Boy is Frank Rich on target this morning! After pointing out what a sick clown Blagojevich is, he brings us back to reality.
What’s really laughable is how bipartisan the Chicago criminals are. Blagojevich is a Democrat and Democrats should take their lumps for his criminal idiocy and hubris. But he campaigned on a “restore honor” [...]
Filed under: Obama, economy, politics | Tagged: Blagojevitch, corruption, Iraq, Wall Street | Leave a Comment »
Posted on December 10, 2008 by Greg Stone
I read Friedman’s column this morning with that mixed feeling you get when you suddenly meet the future and find it both exciting and devastating because there is something here that feels right, big time, and makes the auto industry bailout feel wrong – big time – and that means we’re in for one of [...]
Filed under: Technology, economy, politics | Tagged: auto industry bailout, bailout Detroit, Better Place, electric car, Friedman, information business, mobility business | Leave a Comment »
Posted on December 5, 2008 by Greg Stone
From this morning’s Washington Post:
Retailers posted the worst November sales in more than 30 years yesterday, as holiday shopping not only failed to lift the economy but showed that the financial crisis is further distressing everyday consumers.
About 30 major companies — including Macy’s, Abercrombie & Fitch and Target — posted sales declines at established stores. [...]
Filed under: Obama, Popular culture, economy | Tagged: economy, hinge in history, retail sales, toys, wants and needs | Leave a Comment »
Posted on November 29, 2008 by Greg Stone
I like the way this Black Friday insanity story begins:
From the Great Depression, we remember the bread lines. From the oil shocks of the 1970s, we recall lines of cars snaking from gas stations. And from our current moment, we may come to remember scenes like the one at a Long Island Wal-Mart in the [...]
Filed under: economy | Tagged: Black Friday, death, shopping, wants | Leave a Comment »