Hey retail workers! You've worked hard all year for that tasty Thanksgiving dinner!

Phokk you! You're not getting one! Bet now you wish you'd gotten that MBA like we have. Dummies! While you're up, pour me another drink.

Black Friday Moves to Thursday as Stores Woo Shoppers
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How does that saying go?

Acorn doesn't fall far from the tree? Like father like son? Dollar dollar bill y'all? If it's not one thing it's another?

Wirtz lawsuit over booze tax hike holds up CTA capital dollars

Bailout winners found in SHOCKING location

On Wall Street, of course...

New York Times
ECONOMIC VIEW
Why Creditors Should Suffer, Too
By TYLER COWEN
April 4, 2009

THE Obama administration’s proposals to reform financial regulation sound ambitious enough as they aim to bring companies like A.I.G. under a broader umbrella of government rule-making and scrutiny.

But there is a big hole in these proposals, as there has already been in the government’s approach to bailing out failing financial companies. Even as they focus on firms deemed too big to fail, the new proposals immunize the creditors and counterparties of such firms by protecting them from their own lending and trading mistakes.

This pattern has been evident for months, with the government aiding creditors and counterparties every step of the way. Yet this has not been explained openly to the American public.

In truth, it’s not the shareholders of the American International Group who benefited most from its bailout; they were mostly wiped out. The great beneficiaries have been the creditors and counterparties at the other end of A.I.G.’s derivatives deals — firms like Goldman Sachs, Merrill Lynch, Deutsche Bank, Société Générale, Barclays and UBS.

These firms engaged in deals that A.I.G. could not make good on. The bailout, and the regulatory regime outlined by Timothy F. Geithner, the Treasury secretary, would give firms like these every incentive to make similar deals down the road.

McJob Backlash

Even in India...

Stressed Indians leave call centres

rich phokks in the news (cont'd)

More class war yammering on from the commies who publish The Nation.

...the holders of great wealth — especially if they are organized into a political lobby of similar holders of great wealth — can buy not only more goods, more capital, and more people. They can also buy (through the vehicle of campaign contributions) more important people: politicians and other public officials and therefore public policies.

Some of these bought policies may be for the purpose of making the rich even richer, most obviously the current regressive tax policies of the Bush administration. The wealth of the very rich is never the product of free enterprise and the free market alone but comes by operating within and exploiting a network of government supports, such as licenses, regulations, subsidies, and contracts. It is the product of a sort of giveaway. Consequently, to reduce the taxes on wealth (estate taxes) or on the income from wealth (capital-gains taxes), when that wealth has been acquired with one or another kind of government support, is in effect to give the wealth holder an additional give-away...

Having even more wealth than they had before, the very rich can thus buy even more government supports and giveaways and acquire even more wealth, enabling them to buy even more government supports and giveaways. And so on. The result of great wealth buying public policies is a positive feedback loop, or perhaps a vicious cycle, which transfers ever greater wealth and power to the very rich and away from everyone else.

Then again, what would you expect from... wait... that article appeared in The American Conservative. Sorry.