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 129)
How Harvard Lost $11 Billion
Forbes has an interesting breakdown of how the financial wizards running Harvard University's endowment lost an estimated $11
'A New Way Forward'--Demos Today
Sorry for the late notice about this. It looks like all the demos start at 2pm ET and 11am PT,
'Bailout Funds' to 'Allow' Main Street to Invest
Yesterday's New York Times had this article about the Obama administration's proposal to have mutual-fund-
Poverty Is Bad For Your Health
In the January/February 2008 interview with Ichiro Kawachi, a professor of social epidemiology at the Harvard School of Public
Auto Dealers In Dire Straits
Auto dealers are feeling the pain of the car market meltdown particularly hard. In the first quarter of 2009, 271
Time To Shift the Tax Burdon Back
A new report from the Institute for Policy Studies shows how the rich have shifted the tax burden onto the
Taxpayers On the Hook For Up To $10.9 Trillion
Although the final bill will probably be less, Reuters has pulled together all the current and potential (i.e. authorized
Housing Meltdown Leads To More Bankruptcies
From EPI. Hardly surprising, but the numbers are still very striking: Economic Snapshot for April 8, 2009 Housing collapse drives
Tarp for Failing Insurers But Not for Car Cos
Although the Treasury Dept won't be extending TARP financing to troubled automakers Chrysler and GM because they cannot
No May Loans for GM and Chrysler
GM and Chrysler were not deemed "financially viable" by the Energy Department, a critical benchmarks that makes them
Elizabeth Warren on TARP on YouTube
[youtube=http://www.youtube.com/watch?v=7bRerUGAOAw&color1=0xb1b1b1&color2=0xcfcfcf&hl=en&feature=player_
Economy Still In Freefall
A nice, albeit grim, summary of the current economic outlook by Christian E. Weller of UMass Boston for the Center