Robert Reich nails it again…
Inflation Happy Dance
“William Meaney, the CEO of Iron Mountain (a data storage and management company with a current market capitalization of $12 billion) told Wall Street analysts in late September, high levels of inflation helped the company increase its margins — and that for that reason he had long been “doing my inflation dance praying for inflation.” A few years before, Meaney explained “I pray for inflation every day I come to work because … our top line is really driven by inflation. … Every point of inflation expands our margins.”
While the rest of us stand in the supermarket aisle gasping for breath at the price of food… among other places and other things.
Robert Reich – The Roots of Trumpism
In 2 Podcasts (with transcript) from Robert Reich, a national treasure:
Robert Reich – The roots of Trumpism – Part 1
Robert Reich – The roots of Trumpism – Part 2
Food for Thought from Robert Reich
From Robert Reich:
We’re now in the America’s second Gilded Age.
Last week it was reported that in 2017 the average CEO of the 350 largest firms in the U.S. received $18.9 million in compensation. That’s a 17.6 percent increase over 2016.
At the same time, the typical worker’s compensation remained flat, rising merely 0.3 percent.
The first Gilded Age fueled a progressive era that tamed and regulated its excesses, beginning in 1901.
Robert Reich Nails It Again
Robert Reich – Why is a Wall St Sales Tax a Good Idea
An End-of-the-year Message from Robert Reich
Just in case you do not know Robert Reich is a former Secretary of the Treasury.
Rick Perry’s Giant Sump Pump
I usually do not excerpt the whole article but this is too rich. Do you think we could get Reich, Krugman and Kristoff to run the government?
Robert Reich
Chancellor’s Professor of Public Policy, University of California at Berkeley; Author, ‘Aftershock’
8/31/11
Of all the nonsense Texas Governor Rick Perry spews about states’ rights and the tenth amendment, his dumbest is the notion that states should go it alone. “We’ve got a great Union,” he said at a Tea Party rally in Austin in April 2009. “There’s absolutely no reason to dissolve it. But if Washington continues to thumb their nose at the American people, you know, who knows what might come out of that.”
The core of his message isn’t outright secession, though. It’s that the locus of governmental action ought to be at the state rather than the federal level. “It is essential to our liberty,” he writes in his book, Fed Up! Our Fight to Save America from Washington, “that we be allowed to live as we see fit through the democratic process at the local and state level.” Continue reading “Rick Perry’s Giant Sump Pump”