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 159)
Smithfield Workers Finally Unionize
Workers at the largest meat processing plant in the United States, Smithfield Packing in Tar Heel, N.C., finally voted
Dissenting Account of the Republic Settlement
An interesting dissenting view, from Darren Hutchinson of Dissenting Justice on the settlement between Bank of America and workers who
Protests in Greece Have an Economic Basis
Who would know, from much of the media coverage, that the protests that have been happening in Greece have to
More on the Myth of the $73/hour Auto Worker
Hat-tip to D&S collective member, Dave Ryan (exiled on the West Coast) for two more responses to
Drug Companies Paid For Articles
The New York Times reports that drug giant Wyeth paid doctors and researchers to put their names on articles to
Ex Nasdaq head ran massive Ponzi scheme
Federal agents have arrested Bernard L. Madoff, a top Wall Street trader and ex-CEO of of Nasdaq for securities
Big Three Spent $7.2 Billion On Ads In 2007
One reason the Big Media conglomerates in the United States may want to see the Big Three transnational automobile companies
Closures & Layoffs (Dec. 7-13)
The weekly report from Mark Heschmeyer of the CoStar Group. By Mark Heschmeyer | December 11, 2008 Closures & Layoffs (Dec.
The Big Three's 1990s Corporate Welfare Grant
If GM, Ford and Daimler/Chrysler end up getting a big corporate welfare grant from the "U.S. Corporate
World Bank and Food Crisis (Bloomberg--!)
A critique of the World Bank and the Washington Consensus--at Bloomberg, of all places. This is part 3 of
Watchdogs Chide Treasury on Bailout (WSJ)
Just posted to the WSJ site: By MICHAEL R. CRITTENDEN | DECEMBER 10, 2008, 4:45 P.M. ET WASHINGTON -- U.
Green Jobs in Prisons?
Hat-tip to Lois Ahrens of the Real Cost of Prison Project for this disturbing story, from a site called