Category Archives: Bidness

From Crisis To Crisis

Must we bounce from one to the next in all facets of macroeconomics?

Usually this is an indication that the fundamentals are either flawed, or that those in charge of the system components are either incompetent or outlaws.

UPDATE: Perhaps this has much to do with it too.

It Will Not Occur In A Corner

Put oil firm chiefs on trial, says leading climate change scientist

James Hansen, one of the world’s leading climate scientists, will today call for the chief executives of large fossil fuel companies to be put on trial for high crimes against humanity and nature, accusing them of actively spreading doubt about global warming in the same way that tobacco companies blurred the links between smoking and cancer.

Hansen will use the symbolically charged 20th anniversary of his groundbreaking speech (pdf) to the US Congress – in which he was among the first to sound the alarm over the reality of global warming – to argue that radical steps need to be taken immediately if the “perfect storm” of irreversible climate change is not to become inevitable.

Speaking before Congress again, he will accuse the chief executive officers of companies such as ExxonMobil and Peabody Energy of being fully aware of the disinformation about climate change they are spreading.

When The Musics Over, Stiff The Band

The Game is Over. There Won’t be a Rebound

I think that at some point Obama will have to tell the public the bad news that restoring vitality will take radical measures – probably ones that Congress will try to water down so much that things are going to get worse – much worse – before the needed reforms will be made. He can say this before taking office, blaming the Republicans for their regressive tax policies and at the same time bringing pressure on the new Democratic Congress to back a return to progressive taxation and serious financial restructuring. As president, he will have to do what FDR did, and challenge the financial oligarchy with new government regulatory agencies staffed with real regulators, not deregulators as under the Bush-Clinton-Bush regime.


House Dems’ Fundraising Email Promises “Strong” Dem Majority — On Same Day AS FISA Cave

On the very same day that the House Dems passed the new FISA cave, Speaker Nancy Pelosi blasted out a fundraising email this afternoon with this…

As Speaker, I can tell you that we need a Democrat in the White House and a strong Democratic majority in Congress to drive change forward. Our June 30th FEC deadline is vital to our success in November. All eyes will be on Democrats’ fundraising totals as a measure of our party’s unity and strength.I ask that you please help to show our commitment to across-the-board victories this November by making a contribution of $35, $50 or more…

See previous post, under update.

I changed the label

Sophisticated Business People?

GM ‘almost deceitful’ in union talks, judge says

Yeah right,

An Ontario Superior Court judge has chastised General Motors Corp. for announcing the shutdown of a truck plant in Oshawa, Ont., two weeks after signing a new contract with the Canadian Auto Workers that contained commitments that the plant would be kept open.

Mr. Justice David Salmers granted an injunction yesterday ordering the union to end a blockade of the company’s Canadian head office and limit its pickets to 20 people, but said the auto maker “should not be rewarded for improper conduct.”

Having just done so the judge went on,

“Knowing the dire straits of the truck market, for some time before June 1, 2008, these sophisticated business people would have considered the possibility that the Oshawa truck plant might have to be closed,” he wrote.

These are people that haven’t figured out paying women eighty cents on the dollar is discrimination.