Wealth and Democracy, by Kevin Phillips, (NY: Broadway Books, 2002), 422 pages, 2 appendix, notes, bibliog., $29.95 U.S.The book Wealth and Democracy opens with two long segments primarily about wealth and wealth creation and ends with a third segment primarily about democracy, or really politics. The first two segments have three chapters, the last segment has four and there is a closing chapter.The beginning segment has a narrative history of wealth and the sources of wealth in America written in chronological order from 1776 to 2002. Information...
Saturday, 25 August 2007
Friday, 24 August 2007
Blinder's Torment
Posted on 08:30 by Unknown
Updated July 2009Economist Alan Blinder worries about American jobs lost to outsourcing abroad. He wrote “Pain From Free Trade Spurs Second Thoughts” in the Wall Street Journal (3/28/07) and “Free Trade’s Great, but Off-shoring Rattles Me” in the Washington Post. (5/6/07) He tells us he has always been as doctrinaire about free trade as economists everywhere. We feel his pain when he tells us some fellow economists now call him a heretic even though economics is supposed to be an empirical science and not normally a religion for the faithful....
Tuesday, 14 August 2007
Pitching to Work
Posted on 07:32 by Unknown
"The Toronto Blue Jays, flush with an infusion of cash from owner Ted Rogers, just locked up Florida Marlins starter A.J. Burnett for five years and $55 million, barely a week after making B.J. Ryan the best-paid reliever in baseball history with a five-year, $47 million deal of his own. Burnett is 28, but he's only 49-50 for his career. Ryan is 29, and his resume is even shorter: one year as a closer and 42 career saves.”-Associated Press 12/7/2...
Friday, 10 August 2007
The Great Engine of Employment
Posted on 07:38 by Unknown
On April 1, 2005 the Washington Post published an article about a Congressional investigation: “Cost of Cisneros Probe Nears $21 million Over 10 years.” Cisneros was President Clinton’s Secretary of Housing and Urban Development way back in 1995. Congress authorized an independent counsel investigation after allegations that Cisneros lied about payments to his mistress. After 4 years and $10.3 million dollars of investigation, Cisneros pleaded guilty. That was in 1999, but the investigation continued in order to investigate if anyone attempted...
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