Trade, Tariffs, and Soybeans
Trump has consistently claimed that exporters, those countries who are “ripping us off,” are paying the tariffs. However, the actual data tell a different story.
Latest news (Page 117)
TDCotE (x): 'Life Is Beautiful' Economics
The Dull Compulsion of the Economic (x) A series of blog postings by D&S collective member Larry Peterson
Bank's $180 Billion Credit Card Time Bomb
If the economy stays on its present dismal course, banks can expect to lose $180 billion, according to analysts quoted
GM Bankruptcy Clock Ticking Fast
GM appears likely to follow fellow carmaker Chrysler into bankruptcy court. The company lost $6 billion in the first quarter
Banks Won Concessions on Stress Tests (WSJ)
Fed Cut Billions Off Some Initial Capital-Shortfall Estimates; Tempers Flare at Wells By DAVID ENRICH, DAN FITZPATRICK and MARSHALL ECKBLAD
1 in 5 Homeowners Under Water and Sinking Fast
Over 20% of homeowners (more than 1 in 5) owe more than their homes are worth, according to a new
Real Unemployment at Record High
The Bureau of Labor Statistics announced that the "official" unemployment rate for April is 8.9%, a stunning
Black Male Unemployment Jumps to 17.2%
Black Male Worker Jobless Rate Jumps To 17.2% in April The official "seasonally adjusted" unemployment rate for
Biggest Banks Need $75 Billion More
The results of the "stress tests" are in. According to the results, the biggest banks need $75 billion
AIG Bonuses Were $454 Million
Turns out the total bonuses paid to AIG were $454 million last year, or 4 times higher than previously reported.
25 Lenders Made $1 Trillion In Subprime Loans
From the Center for Public Integrity via HuffPo. Read the full report here.
Don't Believe the Hype About Union Intimidation
Via Politicalaffairs.net: In the battle over the passage of the Employee Free Choice Act, right-wing opposition to the bill
UAW/Chrysler: How 55% = 0% (D. Henwood)
From Doug Henwood's blog, on the whole Chrysler/UAW/VEBA thing: here * Chrysler stock hasn’t traded publicly