Recession Over? Depends Who You Ask

Mark Brenner, Labor Notes: "Today's Great Recession should have been the curtain call for an economic model that has left most workers with less buying power than they had in the mid-1970s, swelled the ranks of the uninsured to 46 million, created income inequality not seen since the Great Depression, and left most of us drowning in debt. But apparently no one in Washington got the memo. The government's top economists have been preoccupied with nursing Wall Street back to health so that the speculators can continue on their merry way unchanged."

//www.truthout.org/090609V?n

 

The CEO Pay Debate: Why Reform is Going Nowhere

Chuck Collins and Sam Pizzigati, The Institute For Policy Studies: "Would you let shareholders regulate their CEOs' reckless behavior? Your friendly local Fortune 500 company is dumping toxic chemicals into the river that runs through your town. You want the problem fixed. Who do you expect to do the fixing? The company's shareholders? Of course not. That same Fortune 500 company, you've just learned, is paying a woman who lives next door to you less than a man who does the same work? Who do you expect to end that discrimination? The company's shareholders? That thought would never enter your mind. No sensible American would expect shareholders, and shareholders alone, to fix problems like these. So why do we expect shareholders to fix executive pay?"

//www.truthout.org/090609W?n

 

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