The Deficit. The Debt. Americans are strangling themselves economically. So: 1) Restore all income taxes to the pre-President George W. Bush level, not just those for people earning $250,000 or more. 2) Tax the banks $90 billion as proposed by ...
Read More »Newspapers are on fast, worrisome path to oblivion
I just hope I die before all the newspapers do. Not to be maudlin or to tempt my creator, but the recession, burdensome debt and the ad-stealing Internet portend the extinction of newspapers I can’t do without. Tribune Co.’s bankruptcy ...
Tagged with: Fannie Mae Gannett Co. McClatchy Co. New York Times Co. newspaper Newspaper Association of America recession Tribune Co. Warren Buffett Washington Post
Read More »CEO cult torched in crisis bonfire
The John Thain vs. Kenneth Lewis public dust-up may signal the death of a species. The once-powerful chief executive officer cult went into decline in recent years when members of the class were imprisoned for defrauding investors (Jeffrey Skilling of ...
Tagged with: Bank of America Dennis Kozlowski Enron Jeffrey Skilling John Thain Kenneth Lewis Merrill Lynch Tyco International Ltd.
Read More »Investors get whacked by nearsighted Wall Street
To understand why individual investors abandon the stock market, you only have to look at the indignities suffered last month by Amazon.com Inc., McDonald's Corp. and T. Rowe Price Group Inc.
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