If You Had Told Me This Appeared on The Federalist Website….

…I would have laughed in your face. But it did:

Why abandon K-Street, and acknowledge, then reject, the Big Business perception of the GOP? They’ve had the Republican Party’s back for some time, right? In the past, the largest companies favored one party over the other because they understood a pro-capitalist, low-regulation government benefits [...]

Losing Sparta

The Bitter Truth Behind the Gospel of Productivity

VQR, By Esther Kaplan, Summer 2014

When Lisa Norris was a kid in Cookeville, Tennessee, her father worked at Acme Boots, and that plant and her childhood were intertwined. One of her earliest memories is of wandering around the factory among bins of leather, breathing in the [...]

Hey, Remember How VW Wanted to Open More Factories in the United States?

And remember how they supported unions, the (informed) workers supported unions, and hell, most of America wanted to see those plants opening up here because, jobs? And it was only a small handful of conservative morons who were all Socialism!!!!!, which of course neglects the fact that the same “socialism” was expanding production into [...]

MERS Loses Major Case in Pennsylvania

Naked Capitalism, By Yves Smith, July 7

The mortgage beat has been quiet of late, but I must confess to being remiss in writing up two recent losses suffered by MERS. One of the big reasons that MERS has taken comparatively few losses in court is that it has often settled cases where it looked [...]

Harris v. Quinn: Will the Supreme Court Abolish Public Sector Unions on Monday?

Naked Capitalism, By Lambert Strether, June 29

I cruised by Scotusblog today and saw this note:

At 9:30 a.m. on Monday we expect orders from the June 27 Conference, followed by the opinions at 10:00 a.m. We will begin live-blogging at this link at approximately 9:15. The only remaining undecided cases of the Term [...]

How to become super, super wealthy

CNN, By Josh MacIntosh, June 9

Staunton,

Your mother and I are so proud that in less than a week you’ll be graduating college, and from my alma mater, no less! So this seems an opportune moment to share some thoughts about what you might look for in a career. And as luck would have [...]

Are We Underestimating America’s Fracking Boom?

Check Out Sasol’s Energy Complex in Lake Charles, La.

The Wall Street Journal, By Dennis Berman, May 27

Start with exotic Nazi technology, take a detour with South African apartheidists, and add a bit role for Iranian imams. What you have is—what else? —one of the most improbable and important American business stories of the [...]

Who Is Behind the National Right to Work Committee and Its Anti-Union Crusade?

TruthOut/PRWatch, By Jay Riestenberg & Mary Bottari, June 5

As the U.S. Supreme Court’s 2014 session comes to a close, one of the major cases left for a decision is Harris vs. Quinn,which could effect millions of public sector workers in the United States.

The case originates in Illinois, where home health care workers have [...]

A Legislative Bordello For Corporate America

I guess I can’t embed the video…, so here is a link to it:

Bill Moyers with Joseph Stiglitz

I don’t usually miss Bill Moyers on Friday night…, but I was watching one of the all-time great teams clicking on all twelve cylinders…, and couldn’t tear myself away. Even though the game was a blowout. [...]

Exporting Our National Experience

Damned Lefty!

This is going to be an interesting and intriguing visit to Cooperstown by President Obama today:

WASHINGTON (AP) – Promoting travel to the U.S. as a job creator, President Barack Obama is planning new steps to make it easier for people from other countries to visit the 50 states and spend money [...]

U.S. mortgage collectors gag homeowners in loan deals

(Reuters)- Joseph and Neidin Henard thought they had finally fixed the mortgage that was crushing them.

In January, the couple reached a settlement with every company that had a stake in the mortgage on their house in Santa Cruz, California, a deal that would have slashed their monthly payment by almost 40 percent to $3,337. [...]

At big-ticket dinners, a blunt Bernanke sounds theme of low rates

Reuters, By Jonathan Spicer & Svea Herbst-Bayliss, May 16

New York / Boston – In a series of quarter-million-dollar dinners with wealthy private investors, Ben Bernanke has been clearer than he ever was as chairman of the Federal Reserve on his expectations that easy-money policies and below-normal interest rates are here for a long time [...]

Our sad “Mad Men” revolution: How consumerism co-opted rebellion

Talking revolution with Lewis Lapham — and how capitalism manages to keep coming out on top.

Salon, By Thomas Frank, May 4

Aspiring writers of my generation regarded — still regard — Lewis Lapham as the greatest essayist of our time. We tried to emulate everything from his glittering sentences to his rugged skepticism to [...]

Piketty Fence

So I’m back from vacation and I keep seeing this name on my Tweeter and FacePlace feeds: Thomas Piketty.

Sounds vaguely Dickensian.

From what I gathered, Piketty wrote a book which proposes a new economic theory that would put paid to many of the basic notions that support capitalism.

[...]

The American Middle Class Is No Longer the World’s Richest

New York Times, By David Leonhardt and Kevin Quealy, April 22

The American middle class, long the most affluent in the world, has lost that distinction.

While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the [...]

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