Latest news (Page 149)
Big Firms Deepen Job, Wage Cuts
One more shibboleth of conventional economics, that of the "stickiness of wages downwards," increasingly challenged by the terrible
A New US Option: An "Aggregator Bank"
From The Wall Street Journal, a short excerpt from an interview with FDIC head Bair, and an excerpt and link
More on New UK Bank Initiative
From The Observer. An astonishing tidbit (of which there are several, including a proposal to concert Northern Rock from a
Brown Orders UK Banks To Come Clean
From The Financial Times. It's perhaps instructive to recall in this vein that it was Britain's
Closures and Layoffs (Jan. 11-17)
From Mark Heshmeyer at CoStar Group. In this week's issue: * 2/3 of construction companies planning layoffs. * To
Labor to BoA: 'We See Your Greedy Side'
From the excellent new Open Media Boston, which has more photos and video of this event: by Jesse Kirdahy-Scalia (Staff)
Economists for Full Employment
The group Economists for Full Employment are circulating a petition to be given to Obama and Congress. If you are
Progressive Economists Take a Stand
HT to URPE. Economists should click here to sign on to this statement. Read the full-length statement here (pdf). Read
Tax Havens For Bailout Recipients
A new Government Accountability Office (GAO) report shows that many of the largest companies receiving bailout billions have set up
More Bailout Billions for Chrysler
Chrysler's lending unit just received an additional $1.5 billion loan from the Treasury Department. Chrysler has previously
More Bailout Bucks for Bank of America
The Reagan-era fairy tale about the "welfare queen in the Cadillac" has been firmly replaced by the very
Congress Moves on Stimulus and Bailout (NYT)
Posted recently to the New York Times website: By DAVID M. HERSZENHORN Published: January 15, 2009 WASHINGTON—In two major