Harold Meyerson

Harold Meyerson is the editor-at-large at The American Prospect and a columnist for The Washington Post. His email is hmeyerson@prospect.org

Recent Articles

The Ugly Side of D.C.'s Corporate Bipartisanship

AP Images
AP Images/Ashraful Alam Tito Over the past month, an oceanic divide has opened between European and American retailers on the question of how to respond to the manmade epidemic of deadly disasters in the garment industry of Bangladesh, the world’s second largest clothing exporter. In the aftermath of the Rana Plaza fire on April 24, which killed at least 1,127 workers, a group of roughly 40 European retailers—including H&M, Carrefour, Bennetton, Tesco, and Marks & Spencer— signed on to a plan binding them to fund both a regimen of independent factory inspections and the improvements required to make those factories safe. But only three U.S.-based fashion companies and retailers —Abercrombie & Fitch, PVH (which includes the Calvin Klein, Tommy Hilfiger, and Izod labels), and Sean John (Sean Combs’s company)—have become party to the compact, despite the repeated urgings of anti-sweatshop and workers' rights organizations. Wal-Mart, Gap, Target, Sears, JCPenney, and other...

The New New Haven

Jesse Lenz
Major Ruth became a civic leader because he made a promise to his neighbor, Brian Wingate. Both had moved to the Beaver Hills section of New Haven, Connecticut, in 2003. A neighborhood of aging single--family homes that had seen better days, Beaver Hills had been targeted by the city for a housing--rehabilitation program, and, with the zeal of new arrivals, Ruth, a manager at the local utility company, and Wingate, a custodian and union steward at nearby Yale University, sought to involve themselves in neighborhood--improvement ventures. That proved harder than they had anticipated. Although New Haven aldermanic districts are tiny, encompassing no more than 4,300 residents, Ruth and Wingate couldn’t find anyone who could identify, much less locate, their alderman. “We joked that one of us would run for alderman and the other would have to run his campaign,” Ruth says. In 2010, Wingate told Ruth he was running and a deal was a deal. “It started out as a simple promise,” Ruth says, “but...

Dimon Forever

flickr/757Live
The main item of business before JP Morgan Chase’s annual shareholder meeting, which will convene today in Tampa, is whether JPM CEO Jamie Dimon will be stripped of his additional post as chairman of JPM’s board of directors. A range of institutional investors concerned about the over-concentration of power atop the nation’s most powerful institutions, and upset by the $6 billion loss JPM took last year at its London trading desk, won roughly 40 percent shareholder support last year to separate the two positions. This year, they hope to do better, even though the bank’s public-relations offensive on Dimon’s behalf has made the prospect of winning a majority more difficult. Dimon —the closest thing America has to a celebrity banker— was the one major financier whose reputation came through unscathed in the 2008 financial meltdown. JPM had steered clear of the worst of the mortgage market, and had managed its risks well enough so that, alone among the nation’s leading banks, it was...

A Devil of a Problem for Labor in the City of Angels

AP Photo/Reed Saxon
AP Photo,File T omorrow, Angelenos go to the polls to select a new mayor. Well, some Angelenos—actually, not a hell of a lot. Indeed, turnout is projected to be so low that the winner may get fewer votes than Fletcher Bowron did in winning the election of 1938 , when Los Angeles was less than half as populous as it is today. The reason for the low turnout is straightforward: Not all that much differentiates the two candidates. Both City Controller Wendy Greuel and Hollywood-area City Councilman Eric Garcetti are mainstream Democrats. Unlike the election, say, of 1993, which pitted Republican businessman Richard Riordan against liberal Democratic Councilman Mike Woo—two candidates with widely divergent views on how to fix the L.A. police in the wake of the Rodney King riots—no great issues separate the two candidates this year. Unlike the election of 2005, in which former California Assembly Speaker Antonio Villaraigosa ousted incumbent Mayor Jim Hahn, this year’s election won’t be a...

No More Playing With Money

AP Images/Peter Dejong
If you’re looking for the personification of the Washington economic establishment, you could do a lot worse than Fred Bergsten. National Security Council economics deputy under Henry Kissinger (at age 27), then head of the international desk and the monetary portfolio in Jimmy Carter’s Treasury Department, and from 1981 through last year the founding director of the Peterson Institute for International Economics, Bergsten has been a forceful advocate for what used to be called the Washington Consensus: an unflagging belief in the virtues of free trade and fiscal discipline. This Thursday, he delivers what looks to be at least a semi-valedictory at the Peterson Institute, the annual Stavros Niarchos lecture. Rather than celebrate the virtues of free trade—a topic he says (in an advanced text of his speech) that he considered and then rejected—he devotes his talk instead to an analysis of the devastating effect that currency manipulation has had on the American and other economies, and...

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