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.
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If You Liked Bear Stearns, You'll Love Fannie Mae/Freddie Mac
The New York Times reported today that the two mega government-sponsored mortgage lenders, who have single-handedly kept the
Join the Call To Promote Open Economic Debate at Notre Dame
A group of students at Notre Dame are campaigning to broaden the ideological scope of the economics department there. According
Dockworkers of the World Unite!
In a potent reminder of what organized labor can do, thousands of dockworkers along all 29 West Coast ports took
CEOs of America Unite!
Kiwitobes has put together an interesting visual representation of overlapping membership on corporate boards among the largest U.S. corporations.
Bear Stearns: Not Your Average Bailout
Third in a series of web-only articles on the subprime/securitization crisis.
Minimal Wage Increase
Here's some good news for California's low-wage workers: in January, more than one million workers
Dear Dr. Dollar:
Who cares if Bear Stearns fails? Or the Carlyle Group? Or Merrill Lynch? Or one of the other big financial companies? They've made their profits. So what's the problem? --Julia Willebrand, New York, N.Y.
Global Food Fights
A great commentary on the crisis in global food security from the Americas Program. "For the first time since