Gus Tyler
By Gus Tyler
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Opinion A New Breed of Trade Pacts
The Republican White House and the Democratic Congress have reached an agreement on a new kind of trade pact. It applies to pending agreements with Columbia, Peru, Panama and South Korea. What is distinctive about these trade agreements is that they go beyond the simple exchange of goods. They oblige the parties to observe certain…
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Opinion An Incredible Conflict of Interest
Michael E. Baroody has been a senior lobbyist for the National Association of Manufacturers. He has been named by President Bush to head the Consumer Product Safety Commission. The NAM is delighted — as might be expected. What was not expected was a gift of $150,000 from the NAM to Baroody. Such a gift is…
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Opinion Congress Digging Into Corporate Executive Pay
The overblown compensation of corporate executives has been a matter of major concern to the American democracy as far back as “the Gilded Age” as America entered the 20th century. What could be done to contain this runaway self-indulgence of the mighty moguls? The corporations found a way. They hired experts in the field of…
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Opinion Leveraged
The classic warning, from Shakespeare’s “Hamlet,” was quite simple: “Neither a lender nor a borrower be.” Drawing on Exodus, it was meant to warn against the sin of usury. These days, alas, nobody is listening. At this moment, there are mighty financial moguls who are both borrower and lenders. Here’s the way they play the…
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Opinion They Are Both Borrowers and Lenders
The classic warning was that “Thou shalt neither a lender nor a borrower be.” At this moment, there are mighty financial moguls who are both borrower and lenders. Here’s the way they play the game: They are known as “leveraged” take-over artists. The term “leveraged” means that they borrowed the money for their operation. With…
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Opinion Youngstown: An American Tragedy
The story of Youngstown, Ohio, is the sad tale of a tragedy “made in America.” Youngstown was once one of the greatest producers of steel in the world. Today, it is a ghost town. It can no longer depend on its once thriving steel mills to provide employment for its people. In search of a…
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Opinion The Global Crash
The forces are gathering for the first truly globalized depression. True, the Great Depression of the 1930s was not confined to the United States. But there were large chunks of the world — typically underdeveloped agricultural societies — that escaped the full brunt. The coming crisis is not likely to spare any nation. It will…
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Opinion The Stock Market Can Be Manipulated
Almost daily, as stocks go up and stocks go down in our market, the stories of the reason why try to relate the vicissitudes on Wall Street to some current happening that is taking place in the United States or almost any other country in the world. But, without fail, the media relate what is…
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