What happens when vulture capitalism ruins a great American company?
The vultures blame the workers.
The vultures blame the union.
And vapid media outlets report the lie as “news.”
That’s what’s happening with the meltdown of Hostess Brands Inc.
Americans are being told that they won’t get their Twinkies, Ding Dongs and Ho Hos because the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union…
An article published last month on Remapping Debate points out what may become a trend among American employers:
Beginning next month, Sears and Darden — the latter of which owns several restaurant chains, including Olive Garden and Red Lobster — will cease to offer defined benefits in which the employer, as part of its compensation package, provides employees with a set of health insurance benefits and continues to offer those benefits even when the employer’s costs for insurance rises.
Five years after Wall Street crashed the economy by irresponsibly securitizing and peddling mortgage debt, the financial industry is coming under growing scrutiny for its shady involvement in student loan debt.
For a host of reasons, including a major decline in public dollars for higher education, going to college today means borrowing—and all that borrowing has resulted in a growing and heavy hand for Wall Street in the lending, packaging, buying, servicing, and collection of student loans.
America’s political landscape is infested with many zombie ideas — beliefs about policy that have been repeatedly refuted with evidence and analysis but refuse to die. The most prominent zombie is the insistence that low taxes on rich people are the key to prosperity. But there are others.
And right now the most dangerous zombie is probably the claim that rising life expectancy justifies a rise in both the Social Security retirement age and the age of eligibility for Medicare.
Dean Henderson is the author of four books: Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network, The Grateful Unrich: Revolution in 50 Countries, Das Kartell der Federal Reserve & Stickin’ it to the Matrix. You can subscribe free to his weekly Left Hook column @ www.deanhenderson.wordpress.com
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This blog is a combination of the ideas I obsess over -- no wait contemplate, yeah, that's it -- contemplate on a daily basis and how I experience life past and present. I'll try to keep it interesting and timely, but I may get bogged down on a topic on occasion. I hope you can find something in the myriad subjects I dwell on of interest and if not, try again another day. I have no shortage of topics to cover.
One thing I won't do is change from a Progressive Liberal Democrat to anything that resembles a conservative. That said, I do find merit in some things that conservatives say and do and recognize that no person is totally on one side of an issue or another--just like no one is all good or all bad, no one is 100% liberal or conservative. But I hope I'm close to 95%!!
I'm often depressed, sometimes a bit manic, and usually scatterbrained. And I'm in the MidWest so as they say around here--If you don't like the climate, just wait a few minutes and the weather will change. So if my ideas don't make a comfortable climate for you one day, come back again. Like a hot, humid, sunny Illinois day in July can turn into a freezing hail storm, my mind can go from one thing to another just about as fast.
Musings from a tortured soul and other information.