Andy Warhol famously said, “In the future everyone will be world-famous for 15 minutes.� In the age of the Internet, a TV rant can give birth to a “new revolution.� A new Rasmussen poll found that 54 percent of Americans “say no bailouts period.� Conservatives are tapping into that anger...

Tavis Smiley’s 10th annual State of the Black Union will be held next weekend in Los Angeles. In these difficult economic times, the attendees can save money by reading a new report from the Center for American Progress. The report, “Minorities and the Labor Market in the Recession by the Number...

It looks like the top executives at bailed out firms won't have to give up that house in the Hamptons after all. Congressional efforts to impose stringent restrictions on executive compensation appeared to be evaporating yesterday as House and Senate negotiators worked to fine-tune the compromise st...

And how does that compare to the millions who have been downsized or will be downsized due to the credit crisis recession? CNBC is stoking the fire and trying their darnedest to scare people into the Democrats capping the salaries of everyone, but it's nothing more than a PR stunt and a lie. They ke...

Compensation consultants are so full of it. I get that they're now in survival mode themselves since they helped feed this distorted system of bonuses, but c'mon, this is nuts. The new approach is to throw in secretaries and IT workers, as if their bonuses are even remotely in the same league as the...

I sure hope so. They're too big to fail yet they're complete failures. The government throws them a life line and they spend $18 billion on bonuses. Scrap the entire damned thing and start over. If the executives are this stupid (and they are) and the shareholders are this stupid, tough luck. Break ...

A decent start but hard part will be to implement this and make it work. Between Congress and Paulson, banks have been given a free pass on doing whatever they like for decades, including during the bailout that saved the banks from total failure. This is a case where it makes sense to throw out bot...

Nationalize this beast now and sack them all. If ever there was a company that was begging for intervention - well, besides AIG - it's Citi. They can't survive without bailout cash and yet they own a damned fleet of corporate jets called CitiFlight. Beleaguered Citigroup is upgrading its mile-high c...

It seems that Bank of America didn't really appreciate that unexpected $15.4 billion dollar 4th quarter loss by Merrill Lynch — because its former CEO, John Thain has been shown the door. From Bloomberg: Thain, who in September negotiated the sale of Merrill with Bank of America CEO Kenneth Le...

On President Barack Obama’s first full day in office, an Associated Press-Knowledge Networks poll found 67 percent of Americans, including 47 percent of Republicans, are hopeful and optimistic. Obama has wasted no time tackling the boatload of problems he inherited from George W. Bush. From Wall S...