Remember back in 2008, when it was decided by those who decide such things that Lehman Brothers wasn’t too big to fail, and the planet’s financial infrastructure melted down? Remember when the mortgage bubble built from “collateralized debt” burst like cheap balloons? It’s been five years. Memories fade. You may have already forgotten that the...
Dear Inverstors in MichaelKonik.com, We’re really sorry about our most recent trading loss. People will say we require more oversight, and, in this case, maybe they’re right. It shouldn’t have happened, and we’ll take steps to make sure it doesn’t happen for a third time. The $4,000 or so ($4,882) of your money that we...
An Open Letter to Councilmember Hugo Soto-MartinezDear Councilmember Soto-Martinez,
The man you replaced, Mitch O’Farrell, was perceived by many as a cynical politician who placed the desires of wealthy real-estate developers over the concerns of the people he was supposed to represent. Sensitive to any perception of impropriety, you’ve made it a point to not accept…
For more than forty years one of our favorite writers, Detroit-based Peter Werbe, has been publishing provocative essays about capitalism, technology, religion, politics, and popular culture in the anarchist journal The Fifth Estate, where he’s long been an indispensable member of the editorial collective. Some of his best work is now organized in a compulsively readable...
