Archive for December, 2011

Heaven Prefers the Job Creators

Seen on the Street: the top one percent now sport a “members only” gold-plated lapel pin with the initials “JC” inscribed using blood-red conflict diamonds.

“JC” stands either for “Jesus Christ” or “Job Creators” depending on the eye of the beholder and the smirk of the wearer. The pin is produced as a charity tax write-off by worshipping “Oligarchy Prosperity Gospel” disciples who pray so that only victors get to gorge upon the spoils, the meek are consigned to rate-payer and renter castes, and inherited merit gets taxed at the capital gains 15 percent level with the goal of sparing hallowed wealth accumulators from the excessive burden of having to give back some of what they legally misappropriated. (more…)

Living by Default | The New Yorker

by James Surowiecki

We normally say that a company “went bankrupt,” implying that it had no choice. But when, recently, American Airlines filed for bankruptcy, it did so deliberately. The airline had four billion dollars in the bank and could have kept paying its bills. But it has been losing money for a while, and its board decided that it was foolish to keep throwing good money after bad. Declaring bankruptcy will trim American’s debt load and allow it to break its union contracts, so that it can slim down and cut costs

Read the entire article from The New Yorker here.

Worker-Owners of America, Unite! | New York Times

In an op-ed in the New York Times on 12/14/11, Professor Gar Alperovitz writes: “…worker-owned companies make a difference. In Cleveland, for instance, an integrated group of worker-owned companies, supported in part by the purchasing power of large hospitals and universities, has taken the lead in local solar-panel installation, “green” institutional laundry services and a commercial hydroponic greenhouse capable of producing more than three million heads of lettuce a year.”

Read the op-ed here.

Learn more about Cleveland’s Evergreen Cooperatives here.

Moby Dicked America

In the discarded dog-towns of the Great Recession, the “Moby Dicking” of America – harpooning our whale of a country to dance with the stars for starry-eyed profits – no longer qualifies as a victimless spectator market sport where big game hunters can pay to play for uneven advantages. Outside of paradise, twenty-seven million unemployed average citizens have come up empty, receiving nothing but return to sender job applications this holiday season (Los Angeles Times), with no improvement anytime soon. Our jobless testify to a national disenfranchisement fix, a coast-to-coast underclass that is alive but not well and which has morphed into a signed, sealed, and delivered divorce standoff between global shareholders and local stakeholders, between those who have way too much and those who have much less than enough, between those who decide to buy-back their corporate shares because they’ve confused investing in themselves with investing in their country, and between generations struggling to equate broken, non-recyclable promises with anything positive they were brought up to believe in. (more…)

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