kainos » economy

Class warfare

Admin — Sat, 04 Apr 2009 22:23:38 +0000

the Pay for Performance Act, just passed by the House. This is an outstanding example of class warfare. I’m an Englishman. We invented class warfare, and I know it when I see it. This legislation allows the administration to dictate pay for anyone working in any company that takes a dime of TARP money.

via Barack Obama Maintains Control Over Banks By Refusing to Accept Repayment of TARP Money – WSJ.com.

I thought the Times loved unions

Admin — Sat, 04 Apr 2009 22:02:29 +0000

Times Co. threatens to shut Globe; seeks $20m in cuts from unions – The Boston Globe.

‘Capital on strike’

Admin — Tue, 03 Mar 2009 02:50:38 +0000

INVESTOR’S BUSINESS DAILY: ‘Investors have walked away from investing, while businesses shut down factories and offices and slash jobs. … Capital, bluntly put, has gone on strike. Those who own wealth are pushing it to the sidelines, as a young and inexperienced president tries to jam through the most sweeping economic changes in over 70 years.’

Pending home sales jumped 7.4%

Admin — Wed, 08 Oct 2008 20:06:35 +0000

NEW YORK (Reuters) – Pending sales of existing U.S. homes unexpectedly jumped in August to the highest in over a year, data from a real estate trade group showed on Wednesday.