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 174)
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,
Is This the End of US Capitalism? (Gerald Friedman)
This is the response that Gerald Friedman, of the UMass-Amherst econ department and the Center for Popular Economics, gave
Bush Signs Bailout After House Passage (WSJ)
By MICHAEL R. CRITTENDEN and COREY BOLES WASHINGTON -- President George W. Bush signed the biggest government intervention in the financial
California Credit Access Terminated?
The NYT reports that California may soon be asking the federal government for a $7 billion loan in the next
The '1979 Moment' for Casino Capitalism (FT)
From the Financial Times: By John Monks | Published: October 2 2008 18:43 At its congress in Seville in 2007,
The SEC and Paulson in 2004
In today's New York Times, an interesting piece about a deal struck between the SEC and five investment