When All Else Is Out of Bounds, Zap Labor
From Nixon’s wage controls to today’s interest rate hikes, the fight against inflation has targeted labor.
Latest news (Page 123)
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
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
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