EconWatch.com > Wall Street Bonuses To Plummet in 2008, New York Economy Doomed

clusterstock[clusterstock] City and state officials said the coming plunge in pay would have wrenching effects on the local and regional economies. It would mean about $10 billion less in taxable income and several billion dollars less to be spent on apartments, .

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Creative Capitalism[Creative Capitalism] Responsible Capitalism and Democracy: That was the ratio in the Not Quite Golden Age -- the period when, between 1945 and 1975, America struck a remarkable accommodation between capitalism and democracy by combining a hugely productive economic system with a broadly responsive and widely admired political system -- and it still seems to me a reasonable compromise. But Wal-Mart's critics also want Wal-Mart to provide employees with good health insurance coverage, which, in my opinion, is no longer a responsibility employers should take on.

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