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 171)
AIG Keeps Sinking
AIG executives, back from their spa retreat and British hunting trips, are busily back at work throwing tax dollars into
Dean Baker: Why Economists Get It Wrong
Another insightful commentary from the inestimable Dean Baker: Unlike custodians, cab drivers, or dishwashers, economists are not held accountable for
Chrysler Slashes Workforce
Chrysler announced that it will cut 25% of its white-collar workforce of 17,300 by the end of the
A Chronology of Today's Events
US shares seem to be settling down at with losses at a level below five percent. But today has still
What To Expect Today?
From Nouriel Roubini ...I was accused yesterday of being alarmist arguing that policy makers may have to shut down financial
Black Friday?
Now we've got a particularly toxic mix of recession fear and possible reversal in interbank lending. This spells
Notes on the Financial Crisis (Tom Weisskopf)
We've posted threeweb-onlyarticles drawing on notes on the financial crisis by Tom Weisskopf, professor of economics at
Automakers Ditch Jobs, 401Ks, and NASCAR
A quick gloom and doom update on the US auto industry today. Chrysler announced that it was cutting 1,825
On the More Serious (Only Just) Side
Interesting article from the International Herald Tribune on Paulson's kicking-and-screaming acceptance of his "inner statist.
Greenspan Is Shocked! Shocked!
This definitely falls into the "Give me a break" category In case anyone didn't know, Greenspan
NOT a Slow News Day
This posting is from D&S collective member and frequent blogger Larry Peterson. To see more of his posts,
Interesting Piece on Marx and the Crisis
From Stumbling and Mumbling. Hat tip to Economist's View. I don't agree with all of this,