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 133)
Obama Plans To Avoid Repeat of Crisis
From Bloomberg: Obama to Outline Regulation Changes to Avoid Repeat of Crisis By Hans Nichols March 22 (Bloomberg) The Obama
Proposed Plan To Deal With Toxic Assets
From The Wall Street Journal: MARCH 21, 2009 U.S. Sets Plan for Toxic Assets Wall Street Journal By DEBORAH
RBoS To Become UK's Enron?
From The Observer: RBS faces probe over 'threats' to directors Peer's criminal inquiry warning on bank
The People's Agenda (NYC event)
Linda Pinkow and I (Chris Sturr) have been out in Amherst, Mass. for the Forum on the Solidarity Economy, which
The Virtues of Public Anger, and Need for More
Great piece by Glenn Greenwald at Salon.com; hat-tip to Ben C. Ben wrote me: "This article is
Krugman: The Zombies Have Won
Geithner's plan has been announced. Late on a Friday when nobody will notice, right? Never a good sign.
AIG Primer By Dean Baker
The fabulous Dean Baker has put out a great primer on AIG. Unfortunately, it's in pdf format only,
AIG Sues To Get $306 Million In Taxes BACK!
AIG gets $170 billion from taxpayers. Taxpayers now own 80% of the company. Company hands out hundreds of millions in
Jamie Galbraith: No Return to Normal
Excellent insight from James K. Galbraith in The Washington Monthly: Full article here.
Auto Parts Suppliers Get $5 Billion Loan
Beleaguered auto parts suppliers will receive up to $5 in loan government loan guarantees. Parts suppliers usually get paid by