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The Preposterous Reality: 25 Hedge Fund Managers Are Worth 680,000 Teachers (Who Teach 13 Million Students)

In 2009, the worst economic year for working people since the Great Depression, the top 25 hedge fund managers walked off with an average of $1 billion each. With the money those 25 people “earned,” we could have hired 658,000 entry level teachers. (They make about $38,000 a year, including benefits.) [...]

As Charles Dickens reminded us in his classic novel Great Expectations, the line between crime and cash is a continually blurry one. And it’s easily manipulated by language and narrow self-interest.
For example, let’s just consider the overly extensive use of one term: “Unexpectedly.” It is especially ubiquitous in finance journalism, where it is repeatedly used [...]

Will Fox News Destroy the Republican Party?

Over the past week or so, stories about conservative hypocrisies have been popping up in mainstream media like cute kitten videos on the internets. There was the Vatican blaming the news media for the pedophilia practiced by priests; the Republicans blaming the violence against Democrats on the Democrats themselves; Sarah Palin, intoning [...]

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