What explains the toxic mélange of entitlement and shame that’s driving the raging One Percent sore-winner backlash? From Tom Perkins comparing the ultra-rich to Jews during "Kristallnacht,” to tycoon and newspaper-destroyer Sam Zell insisting 
Before the crash of September 2008—the worst economic downturn in the United States since the 1929 crash that marked the beginning of the Great Depression—most Americans had never heard the term "too big to fail.” But that term became all too familiar when hundreds of billions of dollars were set aside to bail out the nation’s largest financial institutions. And many of the mega-banks that caused the panic of 2008 have become even larger.
To some, it may come as a surprise that the bankrupt City of Detroit and the hard-hit State of Michigan are subsidizing the Big Three automakers, the pharmaceutical industry, energy companies and virtually every large Michigan business. But a massive giveaway—"corporate welfare,” both locally and nationally—is bankrupting municipalities everywhere as shown by reports from Demos ("The Detroit Bankrupcty”, the New York Times ("United States of Subsidies”) and Good Jobs First ("Megadeals”).
While making the political decision to use the bankruptcy court to destroy pensions, jobs, city services and public inst
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Two theories to explain the year-to-date global dumpathon. The first is that it's all local issues - no single macro story explains the depth of the sell off. Some examples (and why they are individually no big deal):
Cruising at 51,000 feet, Mach 0.85 in your $40 million Gulfstream jet, you know the world belongs to you. A few days at the World Economic Forum in historic Davos, Europe’s highest city, high in the Swiss Alps, and your world seemed even bigger. Roots in the Higher Middle Ages. Fabulous ski resort.
Stock markets around the world plunged Friday as emerging market currencies hit record lows. The rout on financial markets began Thursday and intensified Friday, triggered by a report showing a slowdown in the growth of Chinese factory output and anxiety over the impact of a further cutback in the US Federal Reserve’s multi-billion-dollar bond-buying program.
No one, with the possible exception of 
The 2014 World Economic Forum will also probably be talking about threat of internet meltdown, the situation in the Middle East – and the ongoing dearth of women delegates
