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 113)
Swiss to Block UBS From Providing Data to U.S.
From yesterday's New York Times , an article about the U.B.S. tax case. For those of us
Robert Johnson on 'Taibbi's Scream'
From http://www.alternet.org/story/141163/taibbi%27s_scream%3A_stop_the_political_system_that_has_let_goldman_sachs_
Food Stamps as Stimulus (WSJ)
From yesterday's Wall Street Journal. Boost in Food-Stamp Funding Percolates Through Economy By ROGER THUROW and TIMOTHY
Goldman Sachs and NYSE Transparency
More on the brewing Goldman Sachs scandal we posted on a couple of days ago. This is a post from
Laura Tyson: Second Stimulus May Be Needed
Bloomberg is reporting that Obama administration economic advisor Laura Tyson said in a speech in Singapore that a second stimulus
Making the White House a Fair Trade Zone
A coalition of fair trade organizations, vendors, and other supporters has launched a campaign to convince First Lady Michelle Obama
More Excess-Capacity Cutting
A piece in last Tuesday’s Wall Street Journal reiterates the point Roger Bybee made in our May/June issue
Goldman Trading Scandal?
This seems to be an emerging juicy story related to Goldman Sachs and possible theft of its proprietary automatic computer
Hartmarx Victory against Wells Fargo
From HuffPo; this relates to the article we posted back in December about the Republic Windows & Doors sit-in,
Telegraph: Unemployment Time Bomb
From the Telegraph; by Ambrose Evans-Pritchard. I am so puzzled by his reference to (Irving?) Fisher at the end.
Why Private Equity Wants To Buy Banks
because there's not much else to buy, according to this Financial Times story: On Wall Street: Banks no
If You Didn't Have Enough To Worry About...
Apparently there's major concern about an El Nino developing in the South Pacific. Such events can wreak havoc