When All Else Is Out of Bounds, Zap Labor
From Nixon’s wage controls to today’s interest rate hikes, the fight against inflation has targeted labor.
1698 articles
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ILO: World Economy May Lose 51 Million Jobs
From Reuters; hat-tip to LP: By Laura MacInnis |Wed Jan 28, 2009 9:06am EST GENEVA (Reuters) - Up to
Geithner and the Nanny Tax
Timothy Geithner was confirmed as Treasury Secretary yesterday, despite his tax problems. The tax problem that got the most press
Economists For the Stimulus
The Center for American Progress Action Fund and the Center for Economic and Policy Research are promoting a sign-on
Banks That Got TARP $ Reduced Lending
From Yves Smith at naked capitalism; hat-tip to LP. I just realized that the name of the blog may
The Current Recession vs. 1982 (M. Yates)
Excerpt from an interesting post from Michael Yates's blog, Cheap Motels and a Hotplate: An Economist's
Towns Sad to See Prisons Go (WSJ)
From today's WSJ. In an earlier post we reported some people's speculation that state and local
Obama Plans To Tighten Financial Rules
From The New York Times: January 25, 2009 Obama Plans Fast Action to Tighten Financial Rules By STEPHEN LABATON WASHINGTON
Britain Is Facing Return of Three-Day Week
Another from the Independent: Britain is facing return of three-day week Shorter hours would be preferable to mass unemployment,
Meanwhile, in China...
From The Observer: China fears riots will spread as boom goes sour Today millions will leave the cities to return
Icelanders Force Change
Of regime, anyway. But it's a hopeful sign that more people even in developed, consumerist societies aren'
EFCA: Missing the Forest for the Trees?
Interesting Washington Monthly piece, courtesy again of LBO Talk. Here's the conclusion (one that reinforces much of what
Bankers Try To Quote Marx
And are as inept at that as they have been in analyzing Collateralized Debt Obligations. A post from Doug Henwood&