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 112)
What Kind of Reporting Do We Deserve?
A nice plug for D&S over at Counter Economics blog, where the main blogger is an e-subscriber
UN Calls for Overthrow of Free Market Ideology
From yesterday's Telegraph.. The United Nations has called for a return to state-led "industrial policy"
Economy Is Even Worse Than You Think (WSJ)
From Tuesday's WSJ: The average length of unemployment is higher than it's been since government began
Foreclosures Up 15% In 2009
This is hardly surprising. One out of every five homeowners owe more than their houses are worth. The real unemployment
What's the Meanest City?
Los Angeles is #1, according to The National Law Center on Homelessness & Poverty (NLCHP) and the National Coalition for
Beyond the Official Unemployment Rate
Today's NY Times has a good article about the real level of unemployment. Although the headline, "Part-
What Are You Drinking?
There's a new brand of bottled water, and unlike the others, it's 100% politically correct. But
Blacks See Wages Shrink
Another very troubling report from the Economic Policy Institute (EPI). In their latest weekly economic snapshot they show that African
New Bank Scam: Buy Discount TARP Warrants
The federal panel investigating the TARP bank bailout has announced that nearly a dozen banks have been buying back government-
Goldman good but not that bad (Julian Delasantellis)
Julian Delasantellis has a piece at Asia Times Online taking issue with Matt Taibbi's Rolling Stone article about
What's Really Draining State Money?
Great article by Sam Pizzigati on Alternet. What's Really Draining State Money? To become less unstable, states are