The Plutonomy—AI Edition—and the Coming Crisis
Driven by speculative finance, stagnant wages, and AI hype, today’s tech-heavy economy mirrors the fragile plutonomy that collapsed into the Great Crash of 1929.
Latest news (Page 158)
Left Economics Education Gets a Nod
Environmental activist Tim DeChristopher was in the news (and under arrest) last week after he disrupted a Bureau of Land
Economics of Immigrant Detention in R.I.
This is a pretty horrifying piece from Saturday's Times--excellent reporting. We covered the Rhode Island ICE raids
WaMu Reckoning
This is from a series from the New York Times called "The Reckoning" exploring the causes of the
Rebuild the Economy: Invest in People
The New York Times published my letter below December 26, 2008. Meanwhile, Mother Jones has just published (not yet online)
Judge Finds Starbucks Guilty of Union-Busting
Some good news: an NLRB victory for Starbucks workers, organizing with the Industrial Workers of the World, aka the Wobblies.
FT Falls Down on IndyMac Fraud
The Financial Times had a rather pithy piece (see below in full) on the fraud at IndyMac, reported in yesterday&
Iceland Gives Christmas Frosty Reception
A grim story from today's Financial Times (posted to their website yesterday). Best quote, from the end of
Feldstein: Let the Stimulus Be Military
Martin Feldstein, econ professor at Harvard and chairman of the Council of Economic Advisers under President Reagan, reveals in this
O. to Create Loopholes for Venture Capitalists
From our friends at the American Small Business League. We posted an earlier press release from them about Obama'
Bill Black on IndyMac/Thrift Fraud
The article on the fraud at IndyMac in the business section of today's New York Times quotes UMKC
Toyota Profits Hit Pothole
Toyota expects to report its first operating loss in 70 years. The company announced that it will likely post a
Open Letter to O. on Jobs and Gender
This open letter was initiated by Linda Gordon, professor of history at NYU, whose research (especially in her book Pitied