When All Else Is Out of Bounds, Zap Labor
From Nixon’s wage controls to today’s interest rate hikes, the fight against inflation has targeted labor.
Latest news (Page 141)
Nordic Economies Tanking
Even the virtuous Nordics (including Finland)are feeling the full effect of the crisis. From LSE Macroeconomic News, courtesy of
Essential Reading from Yesterday's FT
In case you missed it, due to Friday night carousing, or whatever... --Whistleblower contacted US regulators (should they even be
Report from Eastern Econ. Assoc. Meetings
I (D&S co-editor Chris Sturr) am in New York City for the annual meetings of the Eastern
Obama's ($1.7 Trn Deficit) First Budget
From The Financial Times: Obama forecasts $1,750bn deficit By Andrew Ward and Edward Luce in Washington Published: February 26
US and UK Increase Stakes in Banks
From Reuters, again: Governments tighten grip on banksFri Feb 27, 2009 11:55am EST Reuters By Steven C. JohnsonNEW YORK
US 4Q GDP Falls 6.2%, Biggest Drop Since '82
From Reuters: U.S. fourth-quarter GDP drop biggest since 1982 Fri Feb 27, 2009 12:29pm EST Reuters By
Over 250 Banks On The Edge
The FDIC reports that 252 US banks were on its list of troubled at the end of 2008, meaning they
US Jobless Claims At Record High
The US shed 600,000 jobs in January alone. It's looking like we'll lose another 700,
Chicago Factory Workers To Be Rehired
A rare piece of good news on the jobs and labor front. The former workers of Chicago's Republic
G.M. Loses $9.6 Billion
Just posted to the New York Times website. Sorry if this ruins tomorrow morning's paper for you. It
Stiglitz Criticizes O.'s Speech, Favors Single-Payer
This seems pretty explosive to me: Nobel-Prize-winning economist Joseph Stiglitz came put in favor of a single-payer
Obama's Address (Dave Lindorff--Counterpunch)
Recently posted to Counterpunch. Hat-tip to Bob F. For an assessment of O.'s address by frequent D&