This edition of Economic Update include updates on: Bernanke's new big-bucks finance job, how GM is avoiding billions in victims' claims for faulty ignitions, how a Seattle capitalist raised all of his employees salaries to a $70k/yr, Americans' self-delusion on inequality, how private profit is trumping public policy and anti-student-debt activism...(More...)
In this edition of Economic Update, we take a look at inadequate unemployment insurance, where Ted Cruz's campaign money is coming from, a law that’s giving domestic workers real benefits and who’s demonizing the poor. We also hear responses to listener questions on the California drought and the US medical system's experiments on real people.(More...)
“Basic Economic Changes Today: Within and Beyond Capitalism”
Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church, these programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For this April 8...
This article originally appeared at Truth-out.org
As economic crises, declines and dislocations increasingly hurt or threaten people around the globe, they provoke questions. How are we to understand the forces that produced the 2008 crisis, the crisis itself, with its quick bailouts and stimulus programs, and now the debts, austerity policies and deepening economic inequalities that do not go away? Economies this troubled force people to think and react. Some resign themselves to "hard times" as if they were natural events. Some pursue individual strategies trying to escape the troubles. Some mobilize to fight whoever they blame for it all. Many are drawn to scapegoating, usually encouraged by politicians and parties seeking electoral advantages.(More...)
This episode of Economic Update features a look into the car parts industry, why and how German courts cut Uber, how Russia's economy is growing despite economic sanctions, why there’s no recovery in declining teaching positions in the US for new PhDs...(More...)