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 167)
Words Can't Describe How Wacky This Is
There's an absolutely devastating critique of corporate-led globalization hidden (only a little) in this story somewhere. From
$600 Billion Plan: Not Enough to Sustain Rally
Despite a stimulus plan of historic scale, the announcement of China's $600 billion program, though sufficient to fuel
Closures & Layoffs (Nov. 2-8)
Mark Heschmeyer's weekly report, from CoStar. Another Week, Another Round of Fortune 500 Layoffs A Weekly Report on
Notes on the Foreclosure Crisis (T. Weisskopf)
In case you missed it--we posted two new articles on Friday: notes on the foreclosure crisis, by Tom Weisskopf,
The Politics of Studs Terkel (Roger Ebert)
An amusing riposte to this annoying comment on Studs Terkel's work. The most recent episode of This American
The Maximum-Strength Remedy (Robert Reich)
This is from Talking Points Memo; hat-tip to Ben Collins. By Robert Reich - November 9, 2008, 2:26PM This
No GM/Chrysler Deal
After losing a staggering $4.2 billion in the 3rd quarter, GM has been forced to call off talks about
Good Review of Subprime
The excellent Julian Delasantellis, who contributes regularly to Asia Times, reviews Confessions of a Subprime Lender, by Richard Bitner, who
Black Jobless Rate: 11.1% In October
From Bob Feldman: Despite the election of a Democratic Party majority in the U.S. Congress in November 2006, the
Can Obama Be FDR? (Bob Kuttner)
The following is an excerpt from Chapter 4 of Obama's Challenge by Robert Kuttner; it was posted on
2-Day Downturn and Hedge Fund Redmptions
Also via Yves Smith: Originally from Wall Street Journal. Friday, November 7, 2008 Hedgies Still Blowing Up the Markets, Oh
Horrific Retail Sales; More Bankruptcies?
From the New York Times; hat tip to (and opening comment by) Yves Smith (which is significant: she doesn'