Poor rich people

It seems like some rich people never seem to realize that, in times when so many are losing their homes, it is not a good idea to whine to reporters about how tough their lives are when their troubles are ones of having excess. I wrote about this peculiar phenomenon before and the latest edition comes from people living in New York (where ordinary people are lucky if they can afford an apartment that is bigger than a closet) who complain about having too much space. [Read more…]

The future of Republican party

It is clear that the Republican party is still smarting from its losses in the last election and trying to find ways to become more appealing to the general public, especially women, minorities, immigrants, and the young, without alienating its traditional base and in particular the extremist bloc that has painted the party into a corner by forcing them to take unpopular stances on social issues. How can it do both? [Read more…]

TV Review: The Untouchables

Last night I watched the Frontline documentary The Untouchables that I wrote about yesterday that explored the question of why, more than four years after the financial debacle involving widespread mortgage fraud, not a single high-level Wall Street executive has faced criminal prosecution. All that has happened is a bunch of very low-level people being charged and a series of civil prosecutions resulting in plea bargains in which some banks have paid fines that seem large but are puny compared to the scale of the fraud, and which the bank executives can simply write off as the cost of doing business while they continue to enrich themselves with high salaries and bonuses. The program covers some of the same ground as that excellent 2010 documentary Inside Job that I reviewed here [Read more…]

Looking for Atlas

So you read Atlas Shrugged and The Fountainhead and inspired by their powerful message of the virtue of selfishness and the vice of altruism, you have sworn off having anything to do with the moochers and looters who are trying to live off the hard-earned rewards of your own genius. But you now feel lonely because there are so few pure Randian objectivists around and none of the people in your present circle seem willing to take you up on your generous offer to loan them 1,000 page novels containing turgid prose and two-dimensional characters. What is a maker to do? [Read more…]