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 124)
WHO Running out of Panic Colors (satire)
Hat-tip to TM for this gem, and "hi" to Jay O'C. World Health Organization running
Why Leftists Keep Winning in Latin America
From Mark Weisbrot of the Center for Economic and Policy Research: Why Latin America's left keeps winning Washington&
Auto Parts Makers In Danger
Chrysler's bankruptcy and temporary shutdown could spell doom for a number of autoparts suppliers, reports the Wall Street
Starbucks Cited for Worker Violations
From the Starbucks Workers Union (happy May Day!) Yet Another Federal Labor Complaint Against Starbucks, Emblematic of a Company in
Senators Block Cram Downs
The US Senate voted down the "cram down" legislation that would have given bankruptcy judges temporary authority to
Economist Honored for Income Inequality Work
Berkeley economics and public policy prof Emmanuel Saez was awarded the John Bates Clark medal last week. The award recognizes
Can Steel Be Saved?
The old–line manufacturing industries will be the last to feel economic recovery. Blue collar unemployment remains high, and Reagan’
Corporate America's Counter-Stimulus Strategy
Firms decide to shut profitable plants while spurning buyers.
Tax Havens and the Financial Crisis
From offshore havens to financial centers, banking secrecy faces scrutiny.