Joseph Palermo: The CSU faculty union, after nearly two years of bargaining in good faith to reach a labor agreement with the university’s management, has voted overwhelmingly to authorize the California Faculty Association (CFA) to call for rolling strikes.
Robert Reich: The President says a Republican proposal to extend the Bush tax cuts to everyone for two years is a “basis for conversation.” I hope this doesn’t mean another Obama cave-in.
Hank Paulson has just about burned through $300 billion, and it’s not clear what the public has got out of it. Perhaps things would be worse without the bailout but they’re certainly no better. Wall Street banks have not significantly stepped up their loans to small businesses, college students, car buyers, or distressed homeowners. Much [...]