13 Mar 2018

Kudlow Is No Friend of Individual Investors

The news today that Larry Kudlow, a CNBC TV market commentator and ex-Bear Stearns economist, may be the next White House’s National Economic Council, (succeeding Gary Cohen who resigned) is another bad omen for individual citizens and investors. Kudlow is an unabashed and unquestioning  advocate who pushes the prevailing pro-capitalist mantra

Chuck Epstein 0
10 Mar 2018

Income Inequality Getting More Scrutiny

Prompted by a slight uptick in wage growth last month and the resulting volatility it caused in the equity markets, the continuing tug-of-war between containing inflation and wage growth Fed and political  policies is getting more attention, but little action. The good news is that there are more articles on

Chuck Epstein 0
05 Mar 2018

The Power Battle Over the Control of Pension Assets Hits the Tipping Point

It’s no secret to more astute investors and political progressives that the decades-long battle to eliminate pensions and replace them with 401(k) is all about who takes the most amount of financial risk and has the most power to influence decisions made by investment firms and corporations.  When a state

Chuck Epstein 0
14 Feb 2018

Trump’s Generals Are Making a Killing in Pension Benefits

Military generals in the Trump White house are making a killing, at least in terms of their pension benefits and salaries. Trump thinks that generals and other senior military officers are great at organizing chaotic situations or instilling discipline into errant civilians and others with minimal workplace experience. Yet while

Chuck Epstein 0
12 Feb 2018

Financial Reporters Missed the Role of Neoliberal Bias in Recent Market Volatility Reporting

The stock market’s recent spike in extreme volatility produced reams of good explanations about its fundamental and technical causes, but it failed to address the permanent fundamental conflict that underlies the volatility: the possible shift in political-economic power between and the deep-rooted conflict between business and labor, Wall Street and

Chuck Epstein 0
14 Nov 2017

Making Fraud Great Again

In all of the millions of hours of TV commentaries and thousands of words addressing all aspects of the upcoming Republican tax bill, few have discussed the costs of fraud, what it is costing American taxpayers and how it is depleting the federal budget. Certainly there are Republicans who want

Chuck Epstein 0
13 Oct 2017

Frankenstein Had More Class Than Facebook

In response to the Russian meddling in the 2016 U.S. elections, a recent  New York Times article likened Facebook’s deficient advertising policy as an out of control Frankenstein monster. While there is some truth in comparing Facebook, as well as Google and some of the other mega social-media sites to

Chuck Epstein 0
01 Oct 2017

New Benefit Offering Could Make Employees Indentured Servants

If you are sorry about your meager 4% annual raise or if you did not receive anything at all, you can take heart: Now, there is a new employee benefit being offered to make it easier to borrow from your own future wages. Just like the poorly-regarded pay-day loan industry,

Chuck Epstein 0
29 Sep 2017

Give the Colony a Break: Puerto Rico’s Devastating Disaster Story

The poor disaster relief response to Puerto Rico has rightfully attracted national attention, but the many explanations about the failures to alleviate the suffering fail to address the main reason: Puerto Rico is a colony. This means the island, now classified as a commonwealth, is free to be financially and

Chuck Epstein 0
25 Aug 2017

Why Bad PR Forced Principal Life to Settle Its Fiduciary Violations Lawsuit in Record Time

What happens when one of the nation’s largest financial services firms victimizes its own employees?  Simple. It produces one of the fastest financial settlements in court history.   In the case of Krystal M. Anderson and All Others vs. Principal Life Insurance Company, a lawsuit filed in the United States

Chuck Epstein 0