Must (absolutely positively) see this movie

Just saw The Big Short that chronicles the 2008 financial collapse through the stories of a small handful of people who realized what was happening to the U.S. economy while it was still happening — and then made vast fortunes by betting against the markets while everyone else lost billions of dollars, their homes, retirement savings and their jobs. That of...

The Trouble with Inequality

This post first appeared in my new column Inspired Protagonist on Greenbiz.com. http://www.greenbiz.com/article/trouble-inequality-sustainability The Wall Street bonus pool for last year was roughly double the total earnings of all Americans who worked full time at the federal minimum wage. The New York State Comptroller recently reported that the size of...

The Poverty Creation Industry

Recently Joe Brewer, Alnoor Ladha and Martin Kirk had the audacity to describe what they call the “Poverty Creation Industry.”  http://truth-out.org/opinion/item/15726-its-time-to-shine-a-light-on-the-poverty-creation-industry They write that, “Poverty is human-made. It is created – knowingly and with scientific efficiency – by a vastly...

HSBC Funds Suspected Terrorists and Gets a Slap on the Wrist

Have you heard about HSBC’s terrorist funding scandals? How about the many banks involved in LIBOR rigging, essentially playing games our money? If you’re an ordinary person, hearing these things was shocking.  But let me be clear: it’s not shocking that banks have shady deals, what is shocking is the extent to which they were able to commit these crimes...

So, how are the Millennials doing?

Not terribly well. According to a Fall 2013 survey conducted at Rutgers University, the recovery still isn’t so great for the bottom 99% and particularly those under 35. Nearly one-quarter (23%) of all respondents to the survey were laid off from either a full-time or part-time job during and after the recession (over the past four years). According to the...

Rating America: 16 things we’re not good at.

This month the World Economic Forum released “The Global Competitiveness Report 2012-2013,” that ranks 144 countries, on everything from “Organized Crime,” to the “Quality of Overall Infrastructure,” and the “Protection of Minority Shareholders. #1 represents the best nation, and #144 represents the worst nation. America did very poorly almost...