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 153)
Corporate Bond Conundrum?
Highly-rated corporate bonds have been a hot item lately (which creates problems for the Fed and Treasury, as they
The Year of Living in Denial
Exactly one year ago, central banks and finance ministries spent the US Martin Luther King, Jr. holiday weekend cobbling together
Global Imbalances and the Triffin Dilemma
Interesting piece from Reuters: January 13th, 2009 Global imbalances and the Triffin dilemma By: John Kemp John Kemp is a
Unrest in Eastern Europe Grows
From The Observer. The article notes that "Another problem in Romania, as elsewhere in the region, is that many
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
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)