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 160)
More people seeking fewer jobs
The Economic Policy Institute (EPI) put out a brief showing that there are now 3 people looking for jobs for
Jared Bernstein to Be Top VP Econ Advisor
We somehow missed the news (from last Friday) that VP-elect Joe Biden had picked Jared Bernstein, senior economist at
Interest rate on US T-bills turns negative
From The Financial Times: Interest rate on US T-bills turns negative By Michael Mackenzie in New York Published: December
How to Get a New New Deal (John Nichols)
We noticed this in the Boston Metro, our subway paper ("world's largest circulation global newspaper" or
Global Trade: Deal or No Deal
From yesterday's Guardian, an article on the Doha round of global trade negotiations by Kevin Gallagher, research fellow
BIS warns of collapse in global lending
From Ambrose Evans-Pritchard of Britain's Daily Telegraph Bank for International Settlements warns of collapse in global lending
Homeowners Redefaulting After Getting Aid
From Reuters: Homeowners redefaulting after getting aid Mon Dec 8, 2008 3:26pm EST Reuters By John Poirier and Patrick
More Investors Believe Worst Is Over
From Reuters: Wall St rallies on Obama infrastructure plan, autos Mon Dec 8, 2008 4:36pm EST By Leah Schnurr
Business Schools, Models and the Crisis
This Financial Times article is particularly interesting because it highlights the role of business schools in transmitting the credibility of
Obama Abandoning EFCA? Not yet.
Longtime labor activist Steve Early wrote an op-ed in Sunday's Boston Globe questioning President-Elect Obama'
Closures & Layoffs, 11/30-12/6/08
The latest of Mark Heschmeyer's weekly reports on corporate downsizing, from CoStar. This week's report, succinctly