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 135)
Jobless Hit with Bank Fees on Benefits
Here's another one that I have been meaning to post for a while. I haven't seen
New Report on Global Gender Pay Gap
Catching up on a backlog of stuff to post. Here is something that I should have posted for International Women&
Our RSS Feed Is Working Again
To blog subscribers: You may have noticed that our feed was down this weekend (starting at around 2pm on Friday)
AIG Head Insists On Giving Millions In Bonuses
AIG, the company that has received more bailout billions than any other institution ($140 billion and the meter is still
Pity the Overtaxed Rich
A letter to the editor in the Boston Globe today, not the first of its kind in recent days, asserts
Can Marijuana Rescue the Cali Economy?
From Time.com (the website of Time magazine). There is a "related" link to an article entitled: "
Auto Supplier and Six Flags Going Down
The car won't run and the park is closed. GM and Chrysler parts supplier American Axle appears headed
Insider Report on the Health Care Summit
Thanks to activist pressure, single-payer advocate Oliver Fein, MD, was allowed to participate in the White House health care
Net Worth Plummets
The Fed reported today that household net worth has fallen for a sixth straight quarter. The latest quarterly drop was
Singing the Same Old Song: An EFCA Game
This is from vivaelbund at the Labor Nerd blog, via Talking Labor, a project of the DSA Labor Network. Hat-
Christina Romer Defends Fiscal Stimulus
Romer is chair of the president’s Council of Economic Advisers (and an economic historian at Berkeley). In a talk