[LEO HINDERY, TYCOON WITH UNUSUAL IDEAS ABOUT EXECUTIVE PAY.] So how much wealth have the world’s wealthy lost since the global economy oozed into meltdown mode last September? And how has that meltdown impacted how average people feel about the fabulously wealthy? Good questions. Last week brought some answers.
The first set came from two corporate pillars of the financial “wealth management” community. They’ve just released the first comprehensive survey of grand fortune in the post-meltdown global economy…
April 2, 2009 Give Obama a Chance to Do What? By Kevin Gosztola IF IT WEREN’T FOR ALL THE EXCUSES BEING MADE for Obama’s and his administration’s actions, I would feel a whole lot better. I think others who suffered under the Bush Regime would too. The populist anger across America is refreshing. People are [...]
Dateline: New York Times | March 21, 2009 | Op-Ed Why has there been so little transparency and so much evasiveness? The answer is that too many of the administration’s officials are too marinated in the insiders’ culture to police it, reform it or own up to their own past complicity with it. By Frank Rich A [...]
“In light of what has happened since then, that outcome must now be viewed as a tragic surrender to Geithner, Summers, and the political/Wall Street class — a “victory” that could lead to the unraveling of the president’s entire economic policy….”