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 174)
Dow Drops 680--Under 8600
From the Wall Street Journal online: By PETER A. MCKAY | OCTOBER 9, 2008, 5:10 P.M. ET The stock
Hard New Look at Greenspan Legacy (NYT)
From today's New York Times, an interesting piece about Alan Greenspan's attitude toward derivatives. By PETER
October Surprise
This posting is from D&S collective member and frequent blogger Larry Peterson. To see more of his posts,
It feels good to be an insurance exec too!
Executives at insurance behemoth AIG must have been really stressed after getting an $85 billion bailout from the government. That
Damn It Feels Good to Be a Banksta!
Hat-tip to Jordan Hayes on lbo-talk for this gem. See the whole cartoon.
Why Fed Policy is Failing (Tom Palley)
The Federal Reserve and U.S. Treasury continue to fail in their attempts to stabilize the U.S. financial system.
Perdition Postponed
This posting is from D&S collective member and frequent blogger Larry Peterson. To see more of his posts,
Lehman Execs' Golden Parachutes
In Congressional testimony today, former Lehman Brothers CEO Richard S. Fuld Jr. defended the massive salaries and last-minute payouts
Dow Drops Below 10,000 (WSJ)
Just posted to the Wall Street Journal's website: Dow Drops Under 10000 As Bank Woes Persist By PETER
Born-Again Democracy (William Greider)
From the current issue of The Nation magazine: Comment By William Greider Our country is at a rare and dangerous
Roll Over or Die
This posting is from D&S collective member and frequent blogger Larry Peterson. To see more of his posts,