The Plutonomy—AI Edition—and the Coming Crisis
Driven by speculative finance, stagnant wages, and AI hype, today’s tech-heavy economy mirrors the fragile plutonomy that collapsed into the Great Crash of 1929.
Latest news (Page 108)
Bad News for Jobseekers: Productivity Surges
With its biggest quarterly gain in six years. But here's the dirty little secret: "According to the
Corporate Treasurers Continue To Hoard
Fearing another credit crunch. From Bloomberg: Treasurer Fear of Credit Freeze Seen in Cash Hoarding Update 2 By Bryan Keogh
Quote of the day
From Paul Krugman's blog: ... And just as an illustration: a number of people have pointed this out, but
Bank Overdraft Fees To Hit $38.5 bn This Year
With the brunt of the burden on the poorest. Thankfully the banks are doing this for our own good, because
Economic Indicators To Watch This Week
Tomorrow, Tuesday (and Wednesday as well), the Federal Open Market Committee meets. There is 0 chance that it will move
A Note on Friday's Employment Report
Friday's employment report from the Bureau of Labor Statistics, which showed the official unemployment rate decreasing for the
July U6 Measure of Unemployment: 16.3%
Along with Friday's readings of 247,000 jobs lost in July (far less than expected), and the slight
Big Supply Chain Shift To Counter Globalization?
From The Financial Times: Crisis and climate force supply chain shift By Richard Milne in Amsterdam Published: August 9 2009
Unions Receive Healthcare Forum Threats
The wacky sideshow surrounding the health care reform debate certainly upstaged the main event this weekend, with Sarah Palin and
Unemployment continues to rise sharply
The Economic Policy Institute came out this week with a succinct analysis of the latest unemployment figures, as well as
Sick for Profit
Robert Greenwald's Brave New Films, which has produced hard-hitting documentaries like "Outfoxed," "Wal-Mart: