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 125)
Sen. Durbin: Bankers 'Own' Congress
From Glenn Greenwald's blog at Salon.com; hat-tip to LF: Thursday April 30, 2009 05:35 EDT
Chrysler to File for Bankruptcy
The big banks went for the deal, but the hedge funds wouldn't budge. Now it's headed
NAFTA Flu?
From an interview with Robert Wallace, a geographer who has studied avian flu, on Democracy Now!. Hat-tip to LF.
Yes, Things Are Really Bad
Another fabulously depressing economic snapshot from the Economic Policy Institute (EPI): GDP Picture
Is Factory Pig Farming To Blame For Swine Flu?
In the face of what may soon become a global pandemic, the pork industry has begun lobbying to have officials
Citibank and Bank of America Fail Stress Tests
Six of the nation's 19 largest banks have failed the Federal Reserve's "Stress Tests,"
American Casino (GritTV)
Interview about a new documentary, on GritTV (also new? I hadn't heard of it) with Laura Flanders (whom
Contours of Crisis: Fiction and Reality
We have posted the second article in a series by Shimshon Bichler and Jonathan Nitzan. Here are the first few
Workers To Control Chrysler
The Financial Times is reporting that under a restructuring deal for Chrysler, the United Auto Workers (UAW) will own 55%
Corporate America: The Serial Job Killer
Sam Pizzigati writes that the biggest job killers in America are corporate CEOs. Will Obama stand up to them, and
Lose Money Get Raise
The New York Times has a nice chart showing how CEOs from public companies are making out like bandits with
GM Dumps Pontiac and Workers
In a last ditch to stave off bankruptcy, GM announced that it will ditch the Pontiac brand by the end