Mamdani Needs to Catch the Value Capture Bus
New York Democratic mayoral nominee Zohran Mamdani has drawn both praise and sneers for his free bus proposal. As detailed
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AIG Sues To Get $306 Million In Taxes BACK!
AIG gets $170 billion from taxpayers. Taxpayers now own 80% of the company. Company hands out hundreds of millions in
Jamie Galbraith: No Return to Normal
Excellent insight from James K. Galbraith in The Washington Monthly: Full article here.
Auto Parts Suppliers Get $5 Billion Loan
Beleaguered auto parts suppliers will receive up to $5 in loan government loan guarantees. Parts suppliers usually get paid by
Why Are AIG INVESTORS Getting Billions?
Before he went down for, ahem, going down, Eliot Spitzer was the guy Wall Street feared most. He's
Unemployment Rate On Par With 1982 Recession
A new report from CEPR. Download the pdf of the full report here. can be found here
Fed Spends Another $1.2 Trillion On Bailout
Another trillion plus to lower mortgage rates? Is this really supposed to help anything? From the Washington Post:
Europe Defended Against Krugman
In a New York Times op-ed Monday, Paul Krugman criticized European governments for under-reacting to the financial crisis: A strong
Amazon Kindle Equals the Death of Personhood, Ownership, and Free Speech?
An interesting if broad-brush attack on e-book readers in today’s Christian Science Monitor: Read it here.
Capital Flowing Out of Developing Countries
From Nouriel Roubini’s RGE Monitor: The reversal of capital inflows due to deleveraging or losses in financial markets has
A Bit More on Madoff and Wiesel
In my earlier post expanding on Joe Nocera's column on Madoff's victims, I'd meant