Daily Topics - Tuesday May 22nd, 2012

Catch The Thom Hartmann Program LIVE at our new time, 3-6pm Eastern!

Hour One: How progressive Cory Booker sold out democracy

Hour Two: Will the soft peddle take down of Obama work?

Hour Three: Time to legalize medical marijuana? Mike Riggs, Reason Magazine

Comments

Pointofgrille's picture
Pointofgrille 4 years 9 weeks ago
#1

Bain is where Mitt learned how to get all of the money out and then trash business if it can no longer pay it's bills. Sounds like what the Republicans are doing to the US. They have nominated the person in the USA who has been best at that to become President and liquidate the USA sending the money to the 1%. we will then be left with a third world economy and millions of people willing to work for the lowest wages we have seen in decades. THE US is about to get Bained by the head high head chopper. I have to admit a secret admiration of how they have pulled off the ruination of this nation and kept the conversation on birth certificates, deficits, immigration, womens rights, etc, etc, etc.
Romney's assignment is finish this deal and bankrupt the nation and the great majority of the citizens. If he gets in the White House-we The People are TOAST. Ed

TarryFaster's picture
TarryFaster 4 years 9 weeks ago
#2

"Follow the money/power --"

“Bain led a consortium, together with The Carlyle Group ...”

“Bain, along with partners Carlyle Group ...”

http://en.wikipedia.org/wiki/Bain_Capital

“... the Bin Laden and Bush families were both connected to the Group; that following the attacks on September 11, the bin Laden family’s investments in the Carlyle Group became an embarrassment to the Carlyle Group and the family was forced to liquidate their assets with the firm; that the Carlyle group was, in essence, the 11th largest defense contractor in the United States.”

“Defense investments represent about 50% of the group's current portfolio ...”

http://en.wikipedia.org/wiki/Carlyle_Group

notorture's picture
notorture 4 years 9 weeks ago
#3

Tom - You are right about PE firms and how they operate - though PE firms do ask partners to participate in investment funds they manage so its not as clean as you present. More importantly ONLY Angel investors match your description of a good investor risking just their own money. VC firms raise investment funds just like PE firms and also invest their own money in them. VC's don't use leverage BUT they do encourage portfolio companies to spend their money as fast as possible, then invest again taking more equity and gaining control. With that control VC's screw the low level employees of these companies by maximizing the value of VC shares and minimizing the value of employee stock options - through dilution and other structures. So VCs are not these saintly job creators and it pains me to hear them described as the opposite of PE guys. Excepting Angles they really are all the same - its just different flavors of the same thing.

More importantly the companies Romney most frequently lists in his stump speeches as example of his job creation prowess are:
Staples: Forced to repay $42 million in illegally underpaid wages to its assistant store managers. http://www.nelp.org/page/-/Justice/2011/WinningWageJustice2011.pdf?nocdn=1 (page 127 footnote lists 2010 Boston Herald Article).
Domino's Pizza: Recently hit with a lawsuit by 22,000 delivery drivers claiming stolen tips and unpaid wages http://gregspages.com/discussion/viewtopic.php?f=14&t=474
Sports Authority: Through its contracted warehousing operation outside of Chicago was part of a University of Chicago study that concluded workers face temporary work and poverty wages http://www.examiner.com/political-buzz-in-chicago/chicago-area-warehouse-workers-face-temporay-jobs-and-poverty-wages-new-u-of-i-chicago-study-shows
and Steel Dynamics: Which in recent years was subject to OSHA fines of $240,000 fine in connection with the death of a worker - largest fine since BP in 2006 up to that point. http://www.manufacturing.net/news/2009/10/steel-dynamics-fined-240000-after-worker-dies?menuid=284

Also - As a direct result of Governor Romney's September 2006 pocket veto of Bill # 4663 which would have reinstated the long standing ability of wage earners to be paid treble damages for stolen wages, the recent judgment against Starbucks Baristas dated January 31, 2012 cost the cheated Baristas $8.3 million. The veto has also cost countless workers the ability to pursue smaller claims allowing Mass employers to abuse workers with no real fear of reprisal.

Mitt also vetoed an increase to the minimum wage after calling for an increase during his Gubernatorial campaign.

So much to work with here ...

What happens in a musician's brain when they play a song?

Let's get geeky on music. Ever wonder what's happening in a musician's brain when they're actually playing a song?

What about when a musician starts improvising - starts playing music directly "off the cuff"?

Latest Headlines

Who rejected United States-North Korea peace talks?

There were conflicting reports on Sunday regarding a recent proposal for United States-North Korea peace talks which was allegedly made before North Korea"s recent nuclear test

U.K. Pound Falls As Markets Get Brexit Jitters

Bloomberg said on Monday the pound had sustained its biggest fall against the dollar in 11 months

Clinton: I'll defend Israel but push for 'two-state solution

Hillary Clinton believes both Republican candidates Donald Trump and Ted Cruz "missed the mark" with their approach to the Israel-Palestinian Arab conflict
From Cracking the Code:
"No one communicates more thoughtfully or effectively on the radio airwaves than Thom Hartmann. He gets inside the arguments and helps people to think them through—to understand how to respond when they’re talking about public issues with coworkers, neighbors, and friends. This book explores some of the key perspectives behind his approach, teaching us not just how to find the facts, but to talk about what they mean in a way that people will hear."
to understand how to respond when they’re talking about public issues with coworkers, neighbors, and friends. This book explores some of the key perspectives behind his approach, teaching us not just how to find the facts, but to talk about what they mean in a way that people will hear."
From The Thom Hartmann Reader:
"Never one to shy away from the truth, Thom Hartmann’s collected works are inspiring, wise, and compelling. His work lights the way to a better America."
Van Jones, cofounder of RebuildTheDream.com and author of The Green Collar Economy
From Unequal Protection, 2nd Edition:
"Hartmann combines a remarkable piece of historical research with a brilliant literary style to tell the grand story of corporate corruption and its consequences for society with the force and readability of a great novel."
David C. Korten, author of When Corporations Rule the World and Agenda for A New Economy