Obama will tell you it’s Bush and his buddy McCain that helped make the current money morass happen. He is not entirely wrong but he is not entirely right either. Congress facilitated the mess by repealing the Glass-Steagal Act that kept the insurance, investment and banking businesses firewalled from one another. Institutional investors, including the [...]
Steven Pearlstein wrote an article this week that encapsulates way better than I can summarize, the greed of CEOs versus the hired help. In this case, it’s airline executives contrasted with the skycaps who lost most of the tips they receive for curbside check-in when American Airlines imposed a $2 per bag fee that the [...]
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