'Deer in the Headlights' -- They're Not! (The Fortune 500)
Supposedly 'Uncertainty' is the new Corporate buzzword.'Uncertainty' is the Mantra that keeps them FROZEN with inaction.Well I guess, a lot depends on what kind of 'Action' -- were looking at.America’s...
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The Inequality "Smoking Gun"
The benefits of increased productivity over the last 35 years have not gone to the middle class. So, where did they go? UMass's William Lazonick identifies a key change made by the Reagan...
View ArticleThe Biggest Scams
While the S&P 500 companies spent a record amount last year on capital expenditures before declaring profits, they invested far less of those profits back into their business than in prior decades....
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The $29 Trillion Problem
Traditionally, one of the most reliable ways of predicting future economic performance is to look at corporate earnings. More earnings means more sales, means more profits, means more investment,...
View ArticleGE needs to cut costs (read layoffs) to meet its profit target
The Saturday issue of The Wall Street Journal described how the “weakness in its oil and gas” business has adversely affect General Electric Co. (GE) sales and profits. Revenues are down 6% while...
View ArticleIt's so much worse than I thought, Part 2
In part 1, I mentioned that I had just learned that the tax bill will reduce corporate taxes by $2 trillion over 10 years. It is well known that a popular myth among Republicans is that tax cuts will...
View ArticleDemocrats proven right—again—on tax cut windfall for the rich
Campaign ActionDuring the run-up to the passage of the “Republican Tax Cuts and Jobs Act” late last year, one technical paper from the Treasury Department’s Office of Tax Analysis suddenly went...
View ArticleAssault Rifles: when bans are blocked: try access limits, buybacks and boycotts.
Only modest changes on guns can happen until Democrats control Congress and the White House. At best improved background checks, maybe higher age limits on assault rifles. Small things only just enough...
View ArticleApple says it won’t be spending that ‘hard earned’ tax cut money on workers
Anyone who has ever been able to read and spell the word “economics,” knew that an enormous tax cut for the wealthiest would enrich … the wealthiest amongst us. But what about the many corporations...
View ArticleCorporations binge on stock buybacks using tax cut cash they were supposed to...
Remember last year when Trump’s then-National Economics Council director and Goldman Sachs CEO Gary Cohen asked a room full of CEOs to raise their hands if they were planning on reinvesting in their...
View ArticleOne year later, an analysis of the U.S. economy shows just how destructive...
The reason that Ronald Reagan’s support of trickle-down economics was so frustrating to most Americans was that it was so obviously a money-grab ploy by the wealthiest entities and individuals in our...
View ArticleAmerica's No.1! Republican tax cuts lead to a record $1,000,000,000,000 in...
When the Republican Party gave away billions to the richest people and companies in our country, they promised everyone that the big hole in revenue their tax breaks were going to create would be...
View ArticleVerizon lays off close to 7 percent of its workforce because ... winning!
The best part about being a “job creator,” as the Republican Party likes to call big business, is that you get massive tax breaks handed to you, despite the din of protests by the majority of...
View ArticleA Capitalist’s Solution to the Problem of Excessive Buybacks
We may not need a government solution to the issue of excessive corporate stock buybacks. We most certainly do not need the solution "); background-size: 1px 1px; background-position: 0px calc(1em +...
View ArticleBeto O'Rourke regrets nothing about gun safety stance, vows to follow...
Former Texas Rep. Beto O’Rourke was the sixth candidate to take the stage Wednesday during the 2020 Gun Safety Forum in Las Vegas, Nevada. The forum, presented by Giffords, March For Our Lives, and...
View ArticleAirlines begging for a bailout spent 96% of their 'free cash' on buybacks...
One of the industries most directly impacted by COVID-19 is the airline industry. As travel bans begin taking place, coupled with severe drops in people’s travel plans, airlines find themselves needing...
View ArticleAirline industry and Disney to lay off 63,000 workers because of Trump’s...
One of the industries most obviously affected by the COVID-19 pandemic is travel. That includes modes of travel and the resorts and destination entertainment travel creates in our economy. The...
View ArticleOil industry announces historic profits, Chevron announces $75 billion stock...
The oil industry has begun reporting its huge profits from this past year. Exxon Mobil Corp announced on Tuesday that it had its highest-ever annual profit, pulling in $55.7 billion in 2022. Spiking...
View ArticleDo Gun Buybacks Work?
If there is one issue connected to the debate on gun violence which has been mis-stated and mis-understood over the years, it has been the issue of determining the efficacy of gun...
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