Group items tagged

When judges start awarding punitive damages in the hundreds of thousands or even millions of dollars, watch thing change fast in the world of foreclosure fraud.

For over a week now, in response to the draconian anti-labor proposals of the Republican Governor, the people of Wisconsin have rose up in the hundreds of thousands in militant and creative fashion in defense of public workers and the unions. The Capitol in Madison has been occupied. The surrounding area has seen a sea of demonstrators. Teachers across the state have gone on unofficial strike and high school students have walked-out in support. Rallies of hundreds and thousands have occurred all over the state. This week support rallies will happen all over the country.

The Big Money economy is booming. According to a new Commerce Department report, third-quarter profits of American businesses rose at an annual record-breaking $1.659 trillion - besting even the boom year of 2006 (in nominal dollars). Profits have soared for seven consecutive quarters now, matching or beating their fastest pace in history. Executive pay is linked to profits, so top pay is soaring as well. Higher profits are also translating into the nice gains in the stock market, which is a boon to everyone with lots of financial assets. And Wall Street is back. Bonuses on the Street are expected to rise about 5 percent this year, according to a survey by compensation consultants Johnson Associates Inc. But nothing is trickling down to the Average Worker economy. Job growth is still anemic. At October's rate of only 50,000 new private-sector jobs, unemployment won't get down to pre-recession levels for twenty years. And almost half of October's new jobs were in temporary help.