Millions of workers have lost their jobs in the current recession, and many more are sure to join them. But unemployment insurance provides income to help tide these workers over this rough patch, right? Not so fast. The share of unemployed workers receiving benefits has gradually shrunk since the 1970s. Read more »
Bank of America got bailed out, but Lehman Brothers was allowed to fail. AIG was rescued, but in July federal authorities refused to bail out a significant lender to small and medium-sized businesses, the CIT Group. What is the logic behind these decisions? Who is being bailed out—and who should be? Read more »
One group of financiers seems to be doing nicely in the global recession: the International Monetary Fund and other “IFIs” are enjoying a return to relevance and lining up for increased funding. Read more »
Factory takeovers and bossnappings have followed in the wake of financial meltdown in the UK, Ireland, France, and Canada. | Order this issue or subscribe.
Building a Better Austin from Below
By Carlos pérez De Alejo
Immigrant workers confront the construction industry in Texas’ state capital. | Order this issue or subscribe.
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the short run Corporations are People Too! | This Boring Lecture Brought to You By McDonalds