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 127)
American Empire Foreclosed? (Mark Engler)
One of the people that we (D&S collective member and blogger Larry Peterson and I) got to hang
Obama *Does* Take on Entrenched Interests
I missed a noteworthy item in Saturday's New York Times because I was down in New York for
Online Course on the Crisis (UMass/CPE)
We just received this from the folks at the Center for Popular Economics: If you have ever asked yourself... * Whats
Chris Dodd's Personal Bailout (Mother Jones)
Interesting article in Mother Jones about Chris Dodd. Today's NYTimes had an article on Dodd that was much
Workshops on the Crisis in Boston
A notice about a terrific popular economics workshop led by the fantastic Mike Prokosch of Community Labor United and United
Job Loss Fallout Map
Slate has put together an amazing interactive map illustrating the 5 million jobs that have been lost since the start
Stiglitz: Wall Street Lobbying Will Doom Rescue
From Bloomberg: Read the rest of the interview here.
Mass Suicide By Broke Indian Farmers
From the wires: Over 1,500 farmers in an Indian state committed suicide after being driven to debt by crop
Cram Down Those Loans!
Senate Democrats are negotiating with banking industry lobbyists on legislation that would allow for bankruptcy judges to "cram down&
Fox *Outraged* by Frat-Boy Tea Humor
Ok, so I am not sure we have ever linked to Fox News, and this is a little juvenile, but
Skyrocketing Foreclosures
Banks have ended their voluntary halts on foreclosures, sending foreclosure rates skyrocketing 24% in the first three months of 2009.