The Economy

The Purpose of Spectacular Wealth, According to a Spectacularly Wealthy Guy

Ever since the financial crisis started, we’ve heard plenty from the 1 percent. We’ve heard them giving defensive testimony in Congressional hearings or issuing anodyne statements flanked by lawyers and image consultants. They typically repeat platitudes about investment, risk-taking and job creation with the veiled contempt that the nation doesn’t understand their contribution. You get the sense that they’re afraid to say what they really believe. What do the superrich say when the cameras aren’t there?

Yes, it’s true, in tomorrow’s Sunday Magazine this guy actually “argues” that society is better off when there is more inequality and more super rich people.

The 86 million invisible unemployed

There are far more jobless people in the United States than you might think.

While it’s true that the unemployment rate is falling, that doesn’t include the millions of nonworking adults who aren’t even looking for a job anymore. And hiring isn’t strong enough to keep up with population growth.

General Motors is becoming China Motors

 

Max Keiser on OWS, Financial Repression, Confronting Obama

Luke Rudkowski interviews Max Keiser at Bryant Park after Max was done taping his TV show, The Keiser Report.

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