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 110)
T. D.C.o.t.E (xiii): Flexibility Fundamentalism
The Dull Compulsion of the Economic (xiii) A series of blog postings by D&S collective member Larry Peterson
Bearish Roach Losing China Stimulus Optimism
From The Financial Times: I've been an optimist on China. But I'm starting to worry Financial
Case-Shiller Home Purchase Index Up
For the first time in almost three years. This may prompt more purchases in months ahead, as buyers seek to
CFTC Reversal on Commodities Speculation
From The Wall Street Journal, Courtesy of Marxmail: Wall Street Journal JULY 28, 2009 Traders Blamed for Oil Spike CFTC
New Home Sales Rise Sharply in June
From The Financial Times: New US home sales surge in June By Alan Rappeport in New York Financial Times Published:
The Looming Disaster of Credit Card Debt
From The Financial Times: How the cards are cut By Patrick Jenkins,Francesco Guerrera and Saskia Scholtes Financial Times Published:
AP: Senate To Drop Public Option
Via Huffington Post. Looks like the insurance lobby wins again. WASHINGTON After weeks of secretive talks, a bipartisan group in
Are Average Taxpayers Freeloaders?
From Sam Pizzigati, at the online weekly Too Much, which is well worth a visit. Have Average Taxpayers Become Freeloaders?
Hondouras Imposes State of Siege in South
A report from the Nicaragua/Honduras border, via Clifton Ross, an independent journalist who is friends with Margot Pepper, who
Insurance Whistleblower Before Congress
I am so tired of reading about the horrific details of our lousy healthcare system in the foreign press... From
Not Everything Has to Make a Profit (Bill Maher)
From HuffPo. My favorite quote: "If conservatives get to call universal health care 'socialized medicine,' I get
More on Sales Lagging Profits
From Bloomberg: Sales Fail to Keep Pace With Profits as Economy Stays Sluggish By Peter J. Brennan and Steve Matthews