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 148)
Failing Banks Could Cost FDIC Over $40 Billion
Nine banks have failed so far in 2009, including three that went down on Friday. Twenty-five went under in
Agreement on Stimulus Package
From The Financial Times: Deal reached on $800bn US stimulus package By Alan Beattie in Washington and Alan Rappeport in
Black Male Jobless Rate: 15.8% In January
As bad as the general official unemployment numbers are, the real jobless rate for Black males appears to have no
Closures & Layoffs (Feb. 1-7)
From Mark Heschmeyer at CoStar. 2008's Brutal Layoff Count A Weekly Report on Future Corporate Downsizings By Mark
Thoughts on Republic Windows and Doors
Our next-door office pals, United for a Fair Economy, just held a brown bag lunch meeting with some of
BoA on Ropes Again: $20 Bn Lifeline Not Enough
From Bloomberg: Bank of America Slides to 1984 Levels on Concern for Capital By David Mildenberg Feb. 5 (Bloomberg) Bank
Ambrose Evans-Pritchard: Worst Over?
This reckoning is interesting coming from the noted bear: Recession: glimmers of hope? The first glimmers of hope are starting
Playing Chicken with the Fed, by John Kemp
This Reuters piece contains a lot of rather technical, but important information : February 4th, 2009 Playing chicken with the Fed
Yves Smith on Post Piece on Bad Banks
From her outstanding blog, Naked Capitalism: Wednesday, February 4, 2009 The Bad Bank Assets Proposal: Even Worse Than You Imagined
Planned layoffs in January hit 7-year high
From Reuters today. It will be interesting to see what Friday's non-farm payroll numbers say. NEW YORK
Beneath the Daschle Flap
Interesting piece by David Sirota that gives background to the Daschle flap. Hat-tip to D&S collective member
Recovery bill doesn't even cover basic needs
Another economic snapshot from the Economic Policy Institute (EPI). See the original for a look at their nifty graphic.