When Profits Rise but Wages Stagnate

Greed wide

Mark Naison: The last time we had an extended period of profits rising while wages stagnated was the 1920’s – many historians view this as the most significant underlying cause of the Great Depression.

The Shameful Attack on Public Employees

Rev. Martin Luther King Jr., with Memphis sanitation workers.

Robert Reich: Public servants are convenient scapegoats. Republicans would rather deflect attention from corporate executive pay that continues to rise as corporate profits soar, even as corporations refuse to hire more workers.

Buy Stocks and Enter Coal Mines at Your Own Risk

Ron Wolff: The logical question to ask is: How much is the CEO of Massey Energy Company compensated for setting the tone and establishing the philosophy that “violations are unfortunately a normal part of the mining process”? According to the New York Times , CEO Don L. Blankenship earned $11.2 million in 2008, about twice what he earned in 2006.

Stock Ownership: Theory vs. Reality

Money

Ron Wolff: I can’t help wondering how much more I (and millions of other Americans) could be earning from our stock portfolios if the billions of dollars paid in executive compensation (based on rationale that is marginal at best) were distributed to the shareholders.

Paulson, Bernanke, Try Hustling Congress

Wimpie

Here we go again. As the Bush administration did with the Patriot Act and Iraq War resolution, Henry Paulson and Ben Bernanke spent today trying to hustle Congress into new territory using the familiar administration tactic of hysteria. Fortunately, this time it looks as if more than a few members have read the fine print [...]

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