New Orleans Less than three years ago in 2007 we were all fighting tooth-and-nail to try to stop the big beef of private equity KKR with Henry Kravis, Texas Pacific with David Bonderman, and Goldman Sachs with most of the western world from doing a crazy $50 billion purchase of TXU, the giant public utility, …
Category: Financial Justice
Opt Out of Predatory Overdraft Fees
New Orleans Finally Congress does the right thing, or at least some of the right things, and passes credit reform legislation, and now we have the spectacle of the federally bailed out banks desperately trying to hoodwink citizen customers into volunteering to allow their pockets to be picked. Banks have been making $40 billion in …
Hospitality Unionization Brings up the Rear
New Orleans Well, Happy Valentine’s Day! Makes me think of millions of people going out to restaurants, lounges, movies, theaters, and wherever and toasting their sweeties, and then usually not leaving much of a tip later for the servers. Where’s the love? Wherever it might be, it’s not for unions. The Bureau of Labor Statistics …