‘Asset bubbles’ have been roiling our economy ever since America’s wealthy started supersizing three decades ago. But another bubble, this one enveloping those wealthy, may be just as essential to understand.
Wall Streeters made fortunes, the new official report on America’s 2008 economic meltdown charges, defrauding the American public. They’re still making fortunes — and this official report is already sinking out of sight.
Over recent decades, recoveries from U.S. recessions have become steadily weaker and weaker. Over these same decades, executive pay has been steadily soaring. Could these two trends be somehow related?
Our economy would become the world’s most innovative, our elites have assured us over the past 30 years, if we gave our rich enough incentives to innovate. We kept to our end of the bargain. So where’s the innovation?
AOL and Time Warner split, Comcast and NBC join. The merger merry-go-round continues to spin. Investment bankers and corporate execs get to grab the brass ring. The rest of us get pink slips and higher prices. By Sam Pizzigati What may be the dumbest corporate merger of all time — the $165 billion deal that […]
Huge rewards for ‘talented’ people are supposed to leave all our lives much better than before. But they don’t — not in sports or any of the rest of life either.
We all know about the greed and grasping at Wall Street’s failed giants. But the greed at ‘successful’ companies elsewhere in America is getting a free pass.
How sky-high rewards for CEOs turn respectable enterprises into muggers of the American dream.
The Democrats, once again, have chosen not to challenge the incredible concentrations of wealth that sit at America’s economic summit. These concentrations have consequences. We explore one — at General Motors.
America’s banking giants have spent the last two dozen years wheeling and dealing their way to fortune — and financial folly.