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 120)
Traffic Tickets to Plug Budget Shortfalls?
Quite an interesting post from a blog I hadn't heard of, Mish's Global Economic Trend Analysis,
Congress's Afterthought, Wall Street's Trillion Dollars
From Saturday's Washington Post. One premise of the article is that this law is enough to make the
Failed Stress Tests...in 2004
From the Financial Times : Northern Rock risk revealed in 2004 By Norma Cohen and Chris Giles Published: May 30 2009
Rallies for Single-Payer in 50+ Cities 5/30
From Healthcare Now!—important rallies this weekend, in a city near you (visit the website for a long list of
Peruvian Workers Protest for Higher Pay
From the Latin American Herald Tribune: LIMA – Thousands of workers demonstrated in different Peruvian cities to demand improvements in their
Min. wage increases boost consumer spending
The most recent economic snapshot from the Economic Policy Institute fits nicely with an article from our March/April issue,
Fed In the Headlights
Disturbing C-Span footage of Rep. Alan Grayson questioning Elizabeth A. Coleman, Inspector General of the Federal Reserve, about whether
A Job and No Mortgage for All in a Spanish Town
Nice piece in today's NYTimes about communists in Spain weathering the financial crisis. By VICTORIA BURNETT Published: May
The Sinking Dollar (Wallerstein)
Very clear and interesting commentary by Immanuel Wallerstein; hat-tip to Bob F. Also check out the cover story from
The SEC and Investor Suffrage
Floyd Norris has an article in today's New York Times about a proposed rule-making that the SEC