March
2010

Original “Big Money” Gets Folk Singer Fired

On his 2003 album “Recycle,” Aspen singer-songwriter Dan Sheridan included a song of his, “Big Money,” that took aim at the damaging effects that wealth has had on Aspen: mini-castles protected by impenetrable fences, the pushing out of the working class. After patron requested he sing “Big Money”, Sheridan was summarily dismissed from his job as an après-ski entertainer at Sneaky's Tavern, a Snowmass Village spot owned by the Aspen Skiing Co. It just so happened, an executive of Ski Co. was in the audience and he didn't appreciate the sentiment of the song. [The Aspen
Posted by Editor on 02/28/10  •  (0) Comments

Panel finds Representative Rangel’s trips broke congressional gift rules

While the panel did not find that the New York Democrat, who chairs the House Ways and Means Committee, knew about the corporate backing for the trips in 2007 and 2008, it concluded that members of his staff were aware and that he was therefore responsible. The committee said its report was intended to "serve as a public admonishment" of Rangel, and it ordered him to repay costs of the trips.

"They're saying that my staff -- at least two members -- did know [about the financing], and I

Original Judge approves Bank of America’s slap-on-the-wrist on behalf of the SEC

You may be lulled by the title of this article from the Washington Post, "Judge criticizes, but approves, settlement with Bank of America" into believing that some semblance of justice was served by the fine imposed on Bank of America for defrauding it's shareholders then turning around and accepting TARP handouts from the federal government in an effort to cover it's losses.

There are plenty of good resources you can read to get up-to-speed on the case so I won't bore you with the

D.C. Council Member Marion Barry benefited from city contract obtained for ex-girlfriend

In July, after news surfaced that Barry had given Donna Watts-Brighthaupt a city contract, the council asked Bennett to investigate the matter and review the council process for distributing earmarks.

According to the Bennett Report, which was released this morning, Bennett concludes that Barry sought approval of Watts-Brighthaupt contract after he loaned her money to help her pay her bills. After Barry secured the contract for Watts-Brighthaupt, he then forced her to use her paycheck

JPMorgan’s CEO, Jamie Dimon, reaps $16 million bonus

News about Dimon's hefty bonus comes amid a public furor over big bonuses that some blame for the excessive risk taking that fuelled the global financial crisis.

In a filing with the Securities and Exchange Commission on Friday, Dimon, who has a million-dollar salary, said he had received nearly eight million dollars in JPMorgan Chase shares for 2009, with options on an additional 563,000 shares.

In 2007 Dimon received 28 million dollars in bonuses; he declined to take any

Original RNC Chairman Michael Steele Argues that a Million a Year “Is Not a Lot of Money”

One has to wonder gap-jawed at the obliviousness of the Republican leadership and the outright stupidity of their constant insistence that huge gaps in income disparity are good for America.  

“Trust me,” Mr. Steele said, “after taxes, a million dollars is not a lot of money.

He should know ... Mr. Steele is a bonafide millionaire who is suffering mightily under the weight of his fortune. While we do agree that he looks a bit pale for a plutocrat, we simply suggest that he

Probe: Did big U.S. banks contribute to the financial crisis in Greece?

The Federal Reserve and Securities and Exchange Commission are seeking information about

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Wall Street shifting political contributions to Republicans

Commercial banks and their employees also returned to their traditional tilt in favor

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BAE Systems pays $450 million to settle bribery scandal charges

The British company had been accused of making payments, amounting to hundreds of millions

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22 million missing Bush White House e-mails found

The two private groups — Citizens for Responsibility and Ethics in Washington and

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Tareq Salahi’s watch is a fake, jeweler says

Ray Cosey told our colleague James Hohmann he knew the timepiece -- said to be a fancy

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Scott Rothstein Kept Stripper at Ritz-Carlton

"It happened, it's just the truth, and I'll swear to it in an affidavit if I have

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Man blames pelican for crashing $2 million Bugatti into lagoon

The man, who police said was from Lufkin, was uninjured after escaping the partially

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$52,000 lunch bill is pocket change to Roman Abramovich

According to TMZ, Mr. Abramovich treated nine guests to lunch at Nello’s on the Upper East

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Church of Scientology convicted of fraud in France

PARIS -- A Paris court convicted the Church of Scientology of fraud and fined it more than

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7th Annual Russian Millionaire Fair Flops

MOSCOW — Despite its show-boat extravagance, Moscow's top annual luxury fair was morose on

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"I've been stereotyped my whole life, ... ... It's actually not driven by Detroiters only. It's driven by the media. It's driven by the entire region. The 'us against them,' the 'black and white thing' is getting old."
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My dad liked to call this the Third-Generation Syndrome, and you see it in a lot of families, and it’s been going on for a very long time, it’s not new. The first gen is poor, builds something from the ground up… by working smart and hard a successful business is built. The second gen has it a bit rough, and sees

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