Category Archives: Current Events

Athens burns: New policy to protect creditors looked good on paper…


The Greek Parliament just voted in new austerity measures.  Apparently,  mandating cutbacks for people who are already dirt poor, all the while not arresting or even asking for sacrifices from those who caused and  profited (and continue to profit) from … Continue reading

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Violence in Barcelona?


You may have seen the AP story by Emilio Morenatti with this headline:  “Barcelona soccer celebrations turn violent; 18 hospitalized, more than 80 arrested” (AP story can be seen here) This “violence” happened in Barcelona after their home-town soccer team … Continue reading

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When government behaves like business


BART’s General Manager quits with $1 million severance Embattled BART General Manager Dorothy Dugger, whose job has been endangered since a vote to fire her in February, resigned on Wednesday after reaching a severance deal worth nearly $1 million. . … Continue reading

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Ruin a business and ask for millions in bonuses


While out shopping last Saturday, I saw many of these signs, and I felt bad that yet another bookstore is closing. But then, I started doing some research about Borders for a project I’m working on and I found this … Continue reading

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GE makes $14.2 billion profit/pays NO taxes


And yet, it is school teacher’s pensions that are bringing down the country, right? From the New York Times: “…Its extraordinary success is based on an aggressive strategy that mixes fierce lobbying for tax breaks and innovative accounting that enables … Continue reading

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Wells Fargo CEO needs your money


from SFGate: Wells CEO criticizes limits on debit-card fees Wells Fargo & Co. Chief Executive Officer John Stumpf said limits on fees charged to merchants for debit card transactions “make no sense” and distort free-market economics. “What’s next?” Stumpf, 57, … Continue reading

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