New Orleans The meeting between a dozen big bankers and President Obama was just for show anyway, but three of the big dawgs were too trifling to make it from New York to DC for cryeye because of fog. The three scofflaws were Goldman Sachs, the poster child for banking excess, Citigroup, the face of …
Month: December 2009
With Banks, Speak Softly and Carry No Stick
New Orleans On the front page of the papers today there is more drumbeating about the President having yet another meeting with the nation’s top bankers to jawbone them to finally start making loans to small businesses and homeowners. At this point it is hard to even call this jawboning. It’s more like gumming them. …
Worker Poverty in Sweat Shopping
New Orleans An article by Ken Silverstein in Harper’s Magazine in the January 2010 issue labeled a “letter from Cambodia” and entitled “Shopping for Sweat: The Human Cost of a Two-Dollar T-shirt” caught by eye immediately because of the controversy around Jeff Ballinger’s critique on the infinitesimally small progress that workers have made after years …