10 Lessons from the Corporate Collapse

Judging from George W. Bush's "Wacko" economic forum, the fragile economy needs more tax cuts for the rich, more unfettered markets, more personal virtue -- and then everything will be all right. Give the Bush-Harken-Enron-Cheney-Halliburton team an A+ for consistency, but failing marks on all other counts. There are many lessons to be learned from the collapse of the bubble economy and the scandals of corporate financial skullduggery, but the White House hasn't learned any of them. Here are 10 for starters. [read more]

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Beach banking babylon
Zany antics! Extravagant costumes! Offshore financing!
by Molly Ivins

The economy is a mess. We are now in the second dip of a double-dip recession. ("Looks like a W," say the economists, another reason why economists are not famous for their humor.) Six and a quarter trillion dollars has disappeared from the stock markets. We have so far to go in cleaning up corporate corruption, it makes the Augean stables look like spilt milk. [read more]