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So a few bakers get to decide for the entire company that their jobs aren't worth saving? It seems to me the right thing to do would have been for the bakers to take the deal and the ones that weren't happy with the pay could find other employment

More ET idiocy. So now we have to nationalize junk food? Maybe I'm just lacking my sarcasm detectors today but you can't possibly tie their failure to hedge funds. Private equity was only involved because they previously BK'ed. That's what idiots don't understand about PE. Those guys don't...

It's both. They have relatively low demand, in a competitive environment where the margin has been deflated away. Since they are strapped with high labor costs, it's easy to see why the BK'ed.

Unions serve very little purpose on the modern US, which is now greatly globalized. Did unions have value back when 12 year olds were climbing down mine shafts and working 70 hours/week?.... Yes of course, but in this day and age, they usually are a destructive force for the company, and...

Of course it's a zero-sum game, but the problem is that the Dems push a strategy that disincentivizes people from working hard, and maximizing their potential by being as self sufficient as possible. That drags down total output and productivity in this country, so it shrinks the pie that the...

If he is 1099 or owns a business he pays quarterly.

As Obama told Medvedev, he'll have more "flexibility" after the election.

Because households aren't governments. Because even though you and I and basically everyone else on the planet will gladly accept $USD, no one person in their right mind would accept oldtime's currency nor mine. There has to be some credibility, enforcement mechanism and value behind the...

The difference is, your business was not a currency issuer. Governments that issue their own currency do not function like households and businesses. Their main constraint is inflation, and I don't see any signs of that happening in the near future. Cutting defense is no different than...

Probable? No Impossible? Absolutely not. Obama in an ideologue who will enact things in the interest of "fairness" even if he knows they will hurt the economy. Look no further than the coal industry. Clearly 2009 was not a great time to set that industry up for failure because he...

It's not women..... it's single women. Romney won married women by double digits. Obama wins single women by 30+. The Dems have done a great job in destirying the traditional family and thereby creating a new voting block of people that want and need free stuff Also men play a big role in...

And what has Obama/Bernanke's money pump done to median household incomes? A decline of over $4,300/household :(

If it were acceptable to patent a concept for an ETF there wouldn't be 1000 ETF's 90% of which are redundant

Why is it a problem for them to "try to make an example of him" when he conned them out of billions?

I'm guessing these guys raped and pillaged their home equity along the way. I just skimmed the article, but it didn't say anything about refi's or equity lines of credit, so you have to assume they pulled $100k or more out of it along the way.

People 60+ still read the newspaper regularly. I'm not sure if anyone looks to their local newspaper's editorial board for voting advice though.

Maybe the Chinese should "man-up" and take matters into their own hands rather than wait for a foreign invader. Nothing good comes free.

I blame the Fed for cancer

But the Fed is in the market, so we're not like Greece at all IMO.

Keynes enthusiasts forget the human element. Human politicians will never be responsible enough to pay down debt in the good times. I guess the same could be said for the Austrians. It's too easy to grow government by those in power. Probably what we currently have, is about as...