Archive for October 24th, 2009

Les Leopold: Why Billionaires Should Pay for the Jobless Recovery

We are entering the billionaire bailout society. For the past thirty years we have minted billionaires and we have created the most unequal distribution of wealth since 1928-29.

Lynn Tilton: Ending Joblessness in America

Although considered a woman of Wall Street, I have long seen the world from a perspective quite distinct. With over 73 companies, all of which we purchased on the precipice of destruction, and over 100,000 employees, I have a view and vision of this country that cannot be seen from a trader’s window. I fear that America will soon be a country characterized by a populace of the permanently unemployed.

As Airlines Cut Corners, Pilot Fatigue Could Run The Industry Into The Ground

DailyFinance : On Wednesday night, Northwest Airlines (DAL) Flight 188, an Airbus A-320, overshot its destination by 150 miles before the pilots re-established contact with air traffic controllers, turned the plane around, and landed in Minneapolis. While the National Transportation Safety Board (NTSB) is still investigating the incident, questions have risen about the cause of the overflight and what it says about current airline safety regulations. Read the whole story: DailyFinance

Vivian Norris de Montaigu: Sexism and the Workplace: Have We Come a Long Way (Baby)?

We need to stop listening to our mothers who tell us that if we want something from a man we have to be subtle enough to make them think they actually came up with the idea in the first place! We should take Norway as an example to follow and make sure all corporate boards are made up of at least 50% women. Then we should do the same for foundation boards and political representation. Why

George Goehl: A New Crossover Hit: "Break Up the Big Banks"

We’ve reached an incredible moment when Alan Greenspan, Michael Moore, FDIC head Sheila Bair and Elizabeth Warren are all singing the same tune. These four, and others, have formed a distinct choir that is calling for breaking up the big banks. In the United States, three banks hold almost 34% of the nation’s deposits, four banks issue 50% of the country’s mortgages, and the five largest credit card lenders control 74% of the market

"Smart Choices" Food Labeling Program Halts Over FDA Concern

(AP) PORTLAND, Ore. – A food industry group is voluntarily halting promotion of its nutrition labeling program after federal regulators said such systems could mislead consumers, officials with the group said Friday.

AP: Obama’s New Consumer Agency Is Far From A Sure Deal

WASHINGTON — Take a hard look now. A new agency that consumers were promised would make bankers, credit card companies and mortgage lenders treat them fairly will never look as strong again. Legislation to establish President Barack Obama’s proposed Consumer Financial Protection Agency cleared a key hurdle this week

Powered by Tcmo6| About