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 143)
Detroit Houses Going For $7,500
Actually, $7,500 is the median price of a home sold in Detroit in December, so many went for even
UAW Reaches Deal With Ford
From the wires. Ford hasn't received bailout money, but pressed the union for concessions because they didn'
AMEX Takes Bailout, Boots Customers
Like other credit card companies that have received bailout billions, AMEX is hiking fees, penalties, and interest rates. Now the
Lines Swell At Food Banks
Another sobering sign of the times from the Times. Highlights both the lack of a safety net in the United
Dean Baker on C-Span 2
Dean Baker was on C-Span 2 this weekend; you can view the segment online, here. Hat-tip to Joel
Nigerians Scammers Pluck $27 mil. from Citi
Nigerian scammers have decided to skip the middleman and go straight to the bank. According to the NY Times, the
Anatomy Of a Foreclosure In Cleveland
There's a fantastic site detailing the foreclosure crisis in Cleveland (with the straightforward name of Foreclosing Cleveland). They
Bank Nationalization (P. Krugman, F. Moseley)
Paul Krugman, in his NYT column today, joins the chorus of people calling for "nationalization" of the big
The Great Real Estate Bubble of the 1920's
Economists conventionally attribute the Great Depression to blunders by the then-new Federal Reserve Bank. According to this story, promoted
Dull Compulsion (v): Links
The Dull Compulsion of the Economic A series of posts by D&S collective member Larry Peterson Links (1)
Huge Protest over Irish Economy
From the BBC: Huge protest over Irish economy Up to 100,000 people have gathered in Dublin city centre to
Two Down: How Many More To Go?
The first being Iceland, a few weeks ago. From The New York Times: February 21, 2009 Latvia's Government