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 181)
Forest Fires, Privatization, Prison Labor
The business program Marketplace, from American Public Radio, whose economic coverage usually leans pro-business (or cheerily "neutral,"
How hospitals are killing E.R. patients.
This is from Joel A. Harrison, author of our recent feature, Paying More, Getting Less, which provides a novel argument
What free markets?
Our July/August issue is (finally) going to press; here is the Editors' Note for the issue: The government&
Federal government trails 23 states on minimum wage
The latest Economic Snapshot from the Economic Policy Institute: The second part of a multi-stage hike in the federal
We're not keeping up
This is from our pal J-P Ferguson: There's a good story by Louis Uchitelle, one of the
IMF = Death
A new study in the journal PLoS of Medicine by Cambridge researcher David Stuckler reports that the rise in rates
Companies Get $100 Million In SBA Contracts They Don't Deserve
According to the Washington Post, a new GAO report identifies over $100 million in Small Business Administration contracts that have
A Stronger Social Safety Net Would Free the Fed
This is from the Wall Street Journal's Real Time Economics column: Read the whole article.
Statement on the Bailout of Fannie Mae and Freddie Mac
A statement from Dean Baker of the Center for Economics and Policy Research: Read the full statement.
Fannie Mae/Freddie Mac, Revisited
The bailout of Fannie Mae and Freddie Mac that was announced yesterday was predictable. In fact, D&S collective
G-8 Crisis: Failing to Fight Food Prices
This weeks meeting of the G-8 Industrial nation’s leaders concluded with a statement pledging action on, in part,
Unemployment and Production Stagnation
According to recent reports on unemployment, the U.S. economy shed an additional 62,000 jobs in June bring the