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 109)
New Focus on Chevron
Global Exchange has launched a new program focusing on the ravages of Chevron: Global Exchange has hired Antonia Juhasz to
Drowning Mortgages
From Reuters via the NY Times: About Half Of U.S. Mortgages Seen Underwater By 2011 Published: August 5, 2009,
Crime Pays For General Electric
For years GE had a perfect record of earnings. Too good to be true? Apparently. According to the SEC, the
Few Homeowners Getting Help
Only a tiny fraction of homeowners at risk for default on their mortgages have sought or received help as a
Consumer Spending Up Because Prices Are Higher
Another "green shoot" that has brown splotches all over it: the latest report of higher consumer spending for
The Bhopal Disaster Story Continues
It took 25 years, but... last week an Indian court issued an arrest warrant for Warren Anderson, former CEO of
Public Option Clears House Committee
From The New York Times: Health Bill Clears Hurdle, and Hints at Consensus New York Times By ROBERT PEAR and
4 Must Reads on China's Problematic Stimulus
With vast sums committed to bank recapitalization and our own stimulus programs in the West, the pivotal role of China
2Q GDP Fall Less Than Expected
...but consumption falls more. And 1Q revised downward. From Bloomberg: U.S. Economy: Contraction Eases as Recovery Beckons By Shobhana
Sarah Palin Capitalism (Naomi Klein)
From Alternet: The following was adapted from a speech on May 2, 2009 at The Progressive's 100th anniversary
Crunching the numbers on health care reform
The latest from the Economic Policy Institute: During another week of intense debate over the affordability of health care reform,