Ouch. If you own stocks, how did you feel when Wall Street suffered its worst week in two years? The S&P dropped six percent. Donald Trump had been pestering the media to report more on the stock market, up since his election. Now at least one TV financial pundit was joking about Trump’s crazy trade […]
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On Sally Quinn, money, power, bipartisanship and my inner Veblen
Sally Quinn-bashers have once again been at work—ridiculing an essay headlined Sally Quinn announces the end of power in Washington. Granted, Ms. Quinn has never delighted my inner Veblen. The essay among other things recalled the era when Quinn and her husband, Ben Bradlee, “might have attended five-course dinners a couple of nights a week, […]
Read MoreFree Upton Sinclair classic tells how Wall Street manipulators can cheat the rest of us
Sy Solomon’s specialty is ripping off the taxpayers—through shoddy construction practices in an IRS-occupied building and other projects. If, however, you want a nice overview of a whole litany of white-collar crimes, why not download a free copy of an American classic called The Money Changers? Upton Sinclair’s novel from the early 20th century gives […]
Read MoreHow some newspapers sell out to Wall Street
The corrupt Washington Telegram in The Solomon Scandals is, mercifully, fictitious. But in real life, some newspapers are selling out in a different way—by diverting money from their newsrooms to jack up profits and please Wall Street. So much for the Net as the only major villain. Here’s an excerpt from The Withering Watchdog: What […]
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