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 126)
Econ board has yet to meet publicly
From Politico. Hat-tip to Bob F. By JOSH GERSTEIN | 3/23/09 4:21 AM EDT Updated: 3/23/
29 Failed Banks In 2009 -- So Far
The FDIC took over 4 more banks on Friday, bringing the total for 2009 to 29, compared to 25 for
Pensions Plans in Peril
If the auto industry is allowed to dump their pension plans through bankruptcy, it could put the pensions of millions
New! Blog Podcast
We just added podcast capability to our blog, courtesy of Odigo. The voice that reads it is kind of computery,
Chrysler Headed For Bankruptcy?
The NYTimes is reporting that the government is preparing a Chapter 11 bankruptcy (reorganization) filing for Chrysler. The filing itself
Wall Street Digs In
Good online piece from Newsweek from a while ago (April 10th). The subtitle is confusing, though: clearly Obama is getting
The Dull Compulsion of the Economic (ix): Zizek
A series of blog postings by D&S collective member Larry Peterson A Meditation on The Monstrosity of Christ
The Big Banks' Fuzzy Math
There's less than meets the eye to the latest reports of bank profits. Most of it appears to
Another $3 Billion Ponzi Scheme
It's getting hard to keep track these days. Was anybody making money honestly this past decade? From the
Sky High Unemployment for Blacks With Degrees
Another EPI economic snapshot: See original post for sources and more info.
Financialization of the American University
This is from D&S collective member Faisal Chaudhry, with whom we hung out in NYC this past weekend
Big Corps Using Bailout Bucks For Lobbying
It's the best game in town. Get taxpayer bailout billions and spend some of the spare cash on