Tag: income

Intellectual Dishonesty and Insanity on Steroids
May 31, 2013 0

Intellectual Dishonesty and Insanity on Steroids

By News Desk

I just finished reading The Smith/Klein/Kalecki Theory of Austerity by Paul Krugman and I believe it is the most disingenuous piece he has ever written. Krugman comes out blazing with the statement ” Noah Smith recently offered an interesting take on the real reasons austerity garners so much support from elites, no matter how badly it fails in practice.

The Fatter the Cat, the Louder the Howl
March 4, 2013 0

The Fatter the Cat, the Louder the Howl

By News Desk

Bloomberg reports Swiss Voters Approve Limits on ‘Fat Cat’ Executive Pay Swiss voters approved some of the world’s toughest limits on executives’ pay in a referendum, a move critics say could make Switzerland less attractive to multinational corporations. The initiative against “fat cats,” proposed by Thomas Minder, head of a herbal toothpaste company, was backed by 67.9 percent of the voters today, the government said on its website today. The proposal gives shareholders an annual ballot on managers’ pay

Reflections on the "Wage Recession"
March 1, 2013 0

Reflections on the "Wage Recession"

By News Desk

Jed Graham at Investor’s Business Daily has an interesting chart showing Wage Recession Hits 5 Years; Worse Than Jobs Drought . I can show it’s even worse, but first let’s consider a chart and commentary by Graham. As bad as the current job recovery has been — and it’s by far the weakest since World War II — the recovery in wages has been far worse