While we sleep, corporate execs strip-mine America

Summary: Nothing shows how America's reins are held by the 1% than our out-of-control corporations, enriching their executives at the cost of the future of their businesses -- and ours. Here's another status report on this sad but fixable story. The Q2 Buybacks Report by FactSet is, as usual, sobering reading. During the 12 months … Continue reading While we sleep, corporate execs strip-mine America

America enjoys a time of sunshine in Hell. Let’s use the time wisely.

Summary: I try in these pages to convey the extraordinary oddness of our time, when a great nation carelessly destroying its strength and prosperity. Examples are easily found around us. The disregard for science by both Left and Right. Our mad foreign policy, multiplying enemies while discouraging friends. Our high-risk macroeconomic policies. Our apathy to … Continue reading America enjoys a time of sunshine in Hell. Let’s use the time wisely.

Watch corporations strip-mine their future (and ours)

Summary: Al Qaeda (Bin Laden's organization, if it still exists in meaningful form) is a threat to America. A greater threat are our CEO's, some of whom who have discovered discovered a formula to vast personal wealth: leverage the company up (borrow), use those funds to buy back stock (boosting earnings per share), cut capital … Continue reading Watch corporations strip-mine their future (and ours)