After 8 years of a rally the NY Times just now talks the dollar bull case. It's over.

HEADLINE INDICATOR...HEADLINE INDICATOR...HEADLINE INDICATOR..BLEEP, BEEP

After 8 years of the dollar going up the NY Times talks bullish on the dollar. It's over folks.

I said in the latter part of last year the dollar was going to peak

I said that when the Fed raises rates the dollar will start heading down.

I said based on the fiscal picture developing now (NOT any "harder to get" b.s.) the dollar is going down.

This is proof. Sell the dollar. Oh, wait...you don't trade Forex??

THEN BUY  MY FOREX VIDEO COURSE!

Supposedly left leaning NY Times suggests that Europe should "make an example" out of Greece. Bill Black eviscerates.

Funny...Conservatives often criticize the NY Times as being a "left leaning" news organization. You wouldn't know that from some of the economic articles that they post.

Here's a recent article where the Times appears to suggest that Europe (do they mean, the Troika?) "make an example" out of Greece, as if the Greek people haven't already been made an example of.

And Bill Black, in his inimitable way, totally eviscerates the Times.

Here's Black:

"It is often the moral and economic blindness of New York Times articles about the EU crisis that is most striking. The newest entry in this field is entitled “Now Europe Must Decide Whether to Make an Example of Greece.” That is a chilling phrase most associated in our popular culture with a Consigliere and his Don deciding whether to order a mob “hit.” It is, therefore, fitting (albeit over the top) as a criticism of the troika’s economic, political, and propaganda war against the Greek people. Except that the article is actually another salvo in that war." Read more.

The NY Times is another example of how the supposed "left" or, the "liberals," are left-leaning in name only. Their hypocrisy on nearly all matters economic leave an opening so big that Conservatives can drive a truck through it and they do, every single, time.

There are no true liberals or progressives anymore. It's an empty term. That being said, no one should be surprised by the lack of progress for interests of the broader citizenry.

Here's who NY Times cares about: "Panic Among Hedge Fund Investors in Greece"

WTF???

The NY Times writes this story on how the poor, privileged, entitled, hedge fund morons (who are totally inept as investors and need taxpayer support) are in a panic over their bad investments in Greece.

I guess we should feel sorry for them.

NOTHING about how the most vulnerable in Greece will be destroyed. How their life savings will be wiped out, no, FUCKING STOLEN, by these miserable financial criminals.

NOTHING ABOUT THIS BY THE NY TIMES.

All the news that's fit to print?

More like, All the news that the elites would like to read about.

A CEO just made the minimum wage at his company $70,000 per year!

Image source: New York Times

h/t to a student of mine, John, who sent me this.

This young Seattle entrepreneur/CEO just raised the minimum salary at his firm to $70,000 per year. It applies to everyone--even the lowest paid workers; secretaries, clerks, etc.

He's doing it by cutting his own, $1 million per year salary to $70k and taking the bulk of the firm's profits and using it to pay the wages.

“The market rate for me as a C.E.O. compared to a regular person is ridiculous, it’s absurd,” said Mr. Price, who said his main extravagances were snowboarding and picking up the bar bill. He drives a 12-year-old Audi, which he received in a barter for service from the local dealer.

“As much as I’m a capitalist, there is nothing in the market that is making me do it,” he said, referring to paying wages that make it possible for his employees to go after the American dream, buy a house and pay for their children’s education.

Check the story out here.

It's a wonderful gesture, but I doubt it will catch on. It's really charity.

A better way to attack income and wealth inequality would be to have the government vastly increase social spending--on schools, health care, education, etc. That could all be made free. Plus, eliminate the payroll tax and other taxes on working and earning.

Finally, raise taxes dramatically on economic rent seeking and financial speculation.

The guy should get a medal, but he won't and he'll be laughed at by other CEO's. That's why it has to be imposed another way.