Playing the billionaires' news game, mega-investor Warren Buffett once held a portfolio of 31 dailies and 49 weeklies, including such major city papers as the Buffalo News and the Omaha World Herald. He specialized in squeezing out competitors. His scheme was to create monopoly papers and then chop staff and news content, letting him glean ...Read more
If Hollywood wanted to make a gritty movie about the work of dig-it-out newspaper reporters who uncover big local stories of government doings and corporate misdeeds, it couldn't have chosen a more picture-perfect location than the boisterous newsroom of New York's Daily News. Once the largest-circulation paper in America, the Daily News ...Read more
Exciting news from Wall Street: Our wealth markets are booming!
For the 15th month in a row, everything from the Dow Jones Average to gold prices to bank stocks are rocketing to new records, showering us with wealth from above. Oh ... wait. Maybe you're one of the majority of workaday Americans who don't own stocks or gold, so maybe you're not ...Read more
WARNING: A mutant coronavirus named Gubernatorious Imbecilious is spreading across the country, threatening to become pandemic.
Originating earlier this year in the Texas governor's office -- infamously known as the "Laboratory of Bad Government" -- the brain-eating virus escaped, is now drifting unchecked on the political winds and ...Read more
"The pump don't work 'cause the vandals took the handles." Thus sang Bob Dylan in 1965, and we can now clearly see those vandals: In addition to polluting corporations, they're the national, state and local officials who have routinely failed over the years to prevent the waste and defilement of our water supply while also failing to budget for ...Read more
A mechanical marvel of human ingenuity was plopped down on Mars by NASA last February. Its name, Perseverance, fits the Mars rover perfectly, for the robotic vehicle embodies a feat of scientific know-how, long-term dedication to public purpose, and a tight focus on teamwork. Think about the 20-year span of institutional tenacity required for ...Read more
While Rev. Martin Luther King Jr. proclaimed, "I have a dream," it was full of lofty ethical stuff like "justice for all" and ... well, it was so 1963.
We now live in a Facebook-Instagram-Google world of billionaire ethics and expectations, so dreams need to glitter with a 2021-ish grandiosity to go viral. So, who better to take us there than ...Read more
A recent newspaper article had an astonishing headline: "Labor shortages end when wages rise."
Gosh, Captain Obvious, what an amazing discovery! Someone notify the Nobel Prize committee, for this revolutionary revelation about How-Things-Work surely will win this year's prize in economics. Better yet, someone notify Sen. Mitch McConnell and ...Read more
It was surprising when Donald Trump declared he would make fixing the U.S. Postal Service one of the top personal priorities of his four-year White House adventure. It quickly became obvious, though, that he was using the word "fix" in the same way your veterinarian uses it when you bring in your dog.
Yes, Trump was saying, "Let's fix this ...Read more
Amazingly, the agricultural commissioner of Texas is the one top official in my state willing to take a bold stand against racial discrimination.
Sid Miller is his name, and he proudly went to federal court in April in an effort to stop a new government aid program that he considered discriminatory against a particular disadvantaged group of ...Read more
Not only are the rich different from you and me; they're becoming more different than ever.
I'm not referring to mere millionaires but to the billionaire bunch. In the past year, while ordinary Americans have lost jobs, businesses and homes due to the economic crash caused by the COVID-19 pandemic, America's 664 billionaires have found ...Read more
For the past several years, monopolistic price fixing by two multibillion-dollar milk processing behemoths -- DFA (an outfit deceptively named Dairy Farmers of America) and Dean Foods -- has squeezed thousands of dairy farms out of business, paying farmers less for a gallon of milk than it costs them to produce it. The Big Two controlled some ...Read more
A cadre of business school economists, high-tech speculators and corporate planners have been hyping and investing billions in a food-economy model that renders many millions -- family farmers, local restauranteurs, independent food processors, small grocers and food workers -- passe. No need for such costly and cumbersome "units," argue these ...Read more