labor day
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Dare We Use the S-Word?

May 1, 2009
The current global economic crisis is not just another roller-coaster ride. Many sane and sober observers fear that the international locomotive of corporatism is going off the rails. Is this a necessary crisis of the capitalist system, determined by the self-destruction and self-renovation of a perpetual motion machine?

Free Market Madness

Aug 30, 2007
With Labor Day approaching, it must not go unnoticed that Angelo Mozilo, chief executive of Countrywide Financial -- the company that has helped drive world markets into turmoil with its lending -- raked in $42.9 million last year. The Nobel laureate Harold Varmus, chief executive of the Memorial Sloan-Kettering Cancer Center, was paid $2.5 million.