Bain Capital Meets Frankenstorm: It’s An Ill Wind That Blows No Good

sandy disaster

Rich Broderick: In the wake of megastorm Sandy, Bain Capital, which was co-founded by Mitt Romney and where he served as CEO until he resigned in 1999 but didn’t actually resign until 2002 when he really meant it, is planning to make a leveraged buyout of the entire Northeast.

The Jobs Report, and America’s Two Economies

looking for work

Robert Reich: With corporate profits are through the roof, the Dow is flirting with 12,000, Wall Street paychecks are fat again, and big corporations are sitting on more than $1 trillion in cash, you’d expect jobs be coming back. But you’d be wrong.

Continuing Bad Job Numbers Make It Harder — But Even More Important — to Pass Health Care Reform

Chart Mender

Robert Reich: In politics as in economics and love, timing is everything. Obama can’t wait much longer if he wants to convince waivering and worried conservative Dems to join him in a last ditch 51-vote reconciliation measure to get health care through the Senate. We’re already in the gravititational pull of November’s mid-term elections. But the economy is taking a longer time to turn around than anyone expected, and telling Americans the jobs numbers are getting worse more slowly isn’t exactly reassuring.

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