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The business pages are full of stories about people’s socialism (taxpayers) coming to the rescue of imploding corporate capitalism. Stock markets in Asia and North America go up when government ministers and potentates at the International Monetary Fund (IMF) indicate taxpayer bailouts are on the way. Just in the past three weeks, the Japanese government…
From The Nader Letter Dec. 1997 Several presidents of small independent banks have written with complaints that our column (“Eliminating Competition, October 1997) was overly generous to the credit unions and failed to mention key concerns of the banking industry. The issue that prompted the column is the bank-financed lawsuits which seek to eliminate the…
He was unusual from the start — Ralf Hotchkiss — wheelchair liberator for the world. I first met Ralf at Oberlin College over 25 years ago where he was majoring in physics and moving about the campus in a wheelchair after a bicycle accident rendered him a paraplegic in high school. After graduation he came…
It’s been a long cold barren winter for liberals, progressives and populists. Three years of a Congress dominated by the extreme right wing elements of the Republican Party. A President who appears more comfortable as an Eisenhower Republican than as the leader of a progressive Democratic Party. A media that has largely abandoned its role…
Since more cable channels are coming to peoples’ homes, how about one devoted round-the-clock to corporate wrongdoing? There is plenty enough news about the misbehavior of companies that cheats consumers, harms workers, corrupts government and pollutes the environment to make the 24 hour channel a hot item on the remote control. One can hardly open…
Two days after this year’s election, the New York Times published a list of the results of notable election campaigns, including ballot measures across the country. Missing from the list was an important ballot measure to workers: An Ohio proposal to gut the state’s workers’ compensation system, the system that provides medical benefits and compensation…
Recently, I was talking with a New York City cab driver whose passion was baseball. We spoke about a Yankee pitcher and I mentioned that he was quick off the mound and was a good fielder. The cabbie then began a broad evaluation noting his various pitches, windup style, how he worked under pressure, his…
This has not been a great month for Microsoft. The monopolistically determined ruler of computer software, (the $40 billionaire, Bill Gates) must have known that his software bundling tactics, his predatory pricing forays, and his multiple intimidations of the companies he deals with would eventually invite responses. With Microsoft controlling about 90% of the operating…
The sneaky and craven Commandante of California, more euphemistically known as California Governor, Pete Wilson, revealed once again a deplorable phenomenon in the body politic; a Governor can be cruel and vicious in his vetoes and the citizenry, that is overwhelmingly in disagreement, feels that nothing can be mounted against such outrages. Our country has…
For years consumer and community groups have teamed up with progressive members of Congress to push for the establishment of “lifeline” banking accounts that would provide low-income families with basic banking services on affordable terms. Invariably, the pro-bank majorities have been able to sidetrack the proposals. Last year Congress passed legislation requiring that all government…