| Puerto Rico Goes Dark After its Power is Stripped Hurricane Maria wreaked havoc on Puerto Rico, but massive debt and a crumbling infrastructure put the island in crisis long before the storm, says Monxo Lopez, a professor at Hunter College September 22, 2017 |
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| The Road to Zero Wealth Prosperity Now's Dedrick Asante Mohammed says the racial wealth gap is growing, and if unaddressed, it will lead to zero wealth for communities of color in the next four decades September 23, 2017 |
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| Massachusetts First to Sue Equifax Over Massive Hack Several government agencies and at least 34 state attorneys general have opened investigations into the Equifax data-breach scandal--which is 'the gift that keeps on giving,' says white-collar criminologist Bill Black September 20, 2017 |
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| Hosting Amazon's New Headquarters: Burden or Benefit? Cities across the U.S. are in a bidding war to host Amazon's $5 billion investment, but Seattle journalist Richard Silverstein cautions that having Amazon as a neighbor isn't a 'honeymoon romance' September 15, 2017 |
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| Equifax Data Breach is a 10 out of 10 Scandal The hacking of consumer credit reporting giant Equifax, and the company's 'cynical' handling of it, is a far-reaching disaster that borders on criminal, says financial regulation expert Bill Black September 8, 2017 |
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| Will The New NAFTA Benefit Ordinary Citizens or Corporations? Angelo DiCaro of Unifor, Canada's largest private sector union, Melinda St. Louis, of Public Citizen's Global Trade Watch, and Prof. John Ackerman of the National Autonomous University of Mexico analyze the negotiations that began this week. August 19, 2017 |
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| Economic Development for Transformative Structural Change (pt.2/4) 1947 was a year of political ambition, says a panelist for the book launch of The Handbook of Alternative Theories of Economic Development in posing the question, "Do we have that same level of ambition in the current crop of international leaders?" August 11, 2017 |
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| Economic Development for Transformative Structural Change (pt 3/4) None of the countries that actually developed did it without planning & social policies are as integral to strategies of economic development as purely economic policies say panelists at book launch for The Handbook of Alternative Theories of Economic Development August 12, 2017 |
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| Economic Development for Transformative Structural Change (pt 4/4) Change comes when enough people in a society realize what's going on doesn't work, says co-editor of "The Handbook of Alternative Theories of Economic Development" in emphasizing that this landmark volume shows comprehensive alternatives exist but barely get any media coverage August 13, 2017 |
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| Stock Market Boom is Bad News for Wages The record-setting stock market is likely rooted in forecasts that corporate profits will grow at the expense of workers' wages, says economist and "Rigged" author Dean Baker August 10, 2017 |
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| GOP and Democrats Push Trump on Tax Reform Former financial regulator Bill Black says the Democrats' demands are the result of bad economics and bad politics, while Trump's vision is "the type of thing that comes from ingesting too much peyote" August 6, 2017 |
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| Subprime Auto Loan Defaults on the Rise White collar criminologist Bill Black says it's a very severe problem for consumers who are going to lose not only their cars, but also their credit ratings July 31, 2017 |
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| Family Income's Critical Role in Child Development As Trump and the Republicans target vital social programs in their budget, a new study from the London School of Economics shows that poverty has a huge impact on children's cognitive, social-behavioral and health outcomes July 22, 2017 |
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| If Yellen is Out, What's Next for the Fed? During her testimony to Congress, Federal Reserve Chair Janet Yellen dodged a question about whether she would accept a second term in office--but it's unlikely that President Trump will re-appoint her, says Gerald Epstein, co-director of Political Economy Research Institute July 15, 2017 |
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| New Rules for Banks: 'Honest Bankers Please Step Forward' Former financial regulator Bill Black offers bankers a challenge: Step forward if you support the new rule issued by The Consumer Financial Protection Bureau allowing consumers to bring about class-action litigation against banks who defraud them July 14, 2017 |
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| Jayati Ghosh On Imperialism in the 21st Century (Pt. 2/3) Large capital, when on its knees, makes concessions to labor. But now, with disproportionate bargaining power under new global forms of capitalist organization, is pushing down the share of wages in national income, says renowned economist Jayati Ghosh June 28, 2017 |
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| Jayati Ghosh On Imperialism in the 21st Century Pt.1/3 Imperialism, explains renowned economist - whether explicit or implicit - is about the struggle to control economic territory such as markets, workers & labor, natural resources and new kinds of markets that are developed June 27, 2017 |
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| EITC Not Only Reduces Poverty, But Improves Health of Communities While Trump seeks to dramatically reduce federal spending for the poor, study shows that the Earned Income Tax Credit (EITC) benefits not only the lives of those who receive it, but also of entire communities, Jeanette Wicks-Lim and Peter Arno of PERI explain June 15, 2017 |
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| Trump Budget: Foundation for Great American Misery Every time we move money out of education or building a green economy and move it into the military we are losing jobs for every dollar we spend, says Prof. Robert Pollin of the Political Economy Research Institute May 24, 2017 |
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| Trump Budget Slashes Vital Programs to Enrich the Wealthy Dean Baker of the Center for Economic and Policy Research says President Donald Trump's new budget makes unprecedented cuts to already subpar levels of social assistance and "redistributes upward" to wealthy Americans. May 23, 2017 |
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| Another US Housing Bubble? Economist Michael Hudson explains that even though housing prices are back up at 2008 levels homeownership is at a much lower level and banks have their loans guaranteed by the US government May 24, 2017 |
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| UN Panel Strives to Improve Access to Medicines We are not against intellectual property protection, but we want to see that health prevails when there is a conflict, explains legendary Brazilian Ambassador Celso Amorim in discussing recommendations of the UN High Level Panel on Access to Medicines April 27, 2017 |
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| High Frequency Trading in the Trump Era White-collar criminologist Bill Black sits down with the Real News to spell out how the ballooning HFT industry works exactly, and where it's headed under President Trump March 6, 2017 |
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| Investors Bet Big on Trump for Big Pharma Even with the recent tremendous drop in the stock market, the actual net rise for the pharmaceutical sector is two and a half times positive since the election, says economist Bill Black January 15, 2017 |
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| Trump's Carrier Deal: Job Saver Or Photo Op? The closure of another plant in leaving some workers in other parts of Indiana feeling abandoned again, says Workers' Project Executive Director Tom Lewandowski December 2, 2016 |
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| Can Trump's Gangster Capitalism Manage the Global Economy? Leo Panitch and Paul Jay discuss what the consequences of Trump's plans to deregulate Wall St., reduce taxes, create an infrastructure boondoggle, attack unions and foreign policy adventures will have on the global economy November 28, 2016 |
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| How Stock Buybacks Harm the Economy Former financial regulator Bill Black explains how perverse executive compensation is leading to declines in productivity and prolonging post-recession unemployment August 21, 2016 |
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| Is the IMF's Neoliberal Base Unraveling? Former financial regulator Bill Black discusses the significance of the criminal charges faced by IMF head Christine Lagarde and its economists preaching stimulus over austerity August 7, 2016 |
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| United States of Amnesia and the Economics of the RNC Former financial regulator Bill Black responds to House Speaker Paul Ryan's speech, and says the RNC chairperson has created a false image about the reality of unemployment, interest rates, and inflation under the Obama presidency July 22, 2016 |
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| Socialism In the Air At this year's Socialism Conference in Chicago, organizers and activists are discussing an age-old question that, for the first time in decades, resounds strongly with the rest of America July 3, 2016 |
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| The Panama Papers: Victims of Offshore Tax Havens From The International Consortium of Investigative Journalists: Behind the email chains, invoices and documents that make up the Panama Papers are often unseen victims of wrongdoing enabled by the shadowy offshore industry. April 4, 2016 |
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| Was Clintonomics Good for Working People? PERI's Robert Pollin says the poverty rate decreased under President Clinton but his support of Wall Street deregulation set up a massive transfer of wealth from the working class to the elite February 29, 2016 |
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| Subprime Mortgage Whistleblowers Warn Bigger Crash on Its Way Whistleblowers Richard Bowen and Michael Winston, along with UMKC's Bill Black, discuss the rampant fraud at Countrywide and Citigroup and how today's high foreclosure rates in states like Nevada could be a sign of what's to come February 21, 2016 |
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| The Top Three Economic Stories of 2015 UMKC's Michael Hudson breaks down how the increasing wealth gap, suppression of wages, and IMF rule changes are creating a battle between the classes December 31, 2015 |
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| Low-Wage Workers to Target Republican Debate in Milwaukee 15 Now's Ty Moore explains why fast-food workers and supporters are striking nationwide on Tuesday, and also discusses the impact of a phased-in $15 minimum wage in Seattle and the recent reelection of socialist councilwoman Kshama Sawant November 9, 2015 |
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| Bernie and the Big Banks (3/3) Are Sanders' proposals to rein in the excesses of Wall St. meaningful, is public banking possible? Bill Black and Leo Panitch discuss and debate October 28, 2015 |
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| Breaking the Western Union's Remittance Monopoly Economist James Henry says remittance transfer costs combined with the foreign exchange amounts to 15%, which is simply unaffordable for the poor who depend on remittence as a life line October 14, 2015 |
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| What Washington Isn't Saying About the TPP 'Victory' Manuel Perez-Rocha, policy analyst at Institute for Policy Studies, says that the stated purpose of the agreement - to eliminate tariffs - has distracted people from its more subtle goal of protecting corporate profits October 5, 2015 |
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| Smoke and Mirrors of Corporate Buybacks Behind the Market Crash Michael Hudson, the author of Killing the Host: How Financial Parasites and Debt Destroy Global Economy, says the stock market crash on Monday has very little to do with China and all to do with shortermism and buybacks of corporations inflating their own stocks August 25, 2015 |
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| Clinton Takes Soft Swipe at "Short-termism" Gerald Epstein of PERI, U. Mass. Amherst, argues that Clinton does not go far enough by just calling for transparency in "short-termism" because buybacks of corporate stocks should be made illegal August 21, 2015 |
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| BRICS Establishes A Development Bank Patrick Bond, Co-Editor of BRICS: An Anti-Capitalist Critique, finds BRICS to be largely neoliberal and unequal, evident by the appointees to the bank board. July 12, 2015 |
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| House Democrats Defeat TPP For Now CEPR's Stephan Lefebvre explains why House Democrats voted against Trade Adjustment Assistance and what to expect before the revote Tuesday June 12, 2015 |
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| Fast Track for Whom? Michael Hudson says fast track legislation takes decision-making power out of the hands of the legislators and puts it in the hands of corporate lobbyists May 27, 2015 |
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| How To Use Economics & Not Be Used By Economists (2/6) Economist Ha-Joon Chang says there are political assumptions in any economic theory; what makes Neoclassical economics different is that its proponents will tell you that their analysis is objective, scientific analysis, and therefore you cannot question it. May 11, 2015 |
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| HSBC Offshore Tax-Evading Scandal Widening Former financial regulator Bill Black details emerging revelations about HSBC bank's tax-evading practices and lack of accountability from European governments who were aware of the practice March 1, 2015 |
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| What is Causing Market Volatility? Professor Leo Panitch, author of The Making of Global Capitalism: The Political Economy of American Empire, says the Fed has a lot to do with it January 16, 2015 |
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| The State of Workers' Wages around the World Economist Richard Wolff compares the stagnation of wages in the U.S. for the past 30 years to the increase in wages in emerging markets and explains why capital left America December 8, 2014 |
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| What is Fueling the Price of Oil? (2/2) The sliding oil and gas prices, combined with the sanctions, causes Russia to pivot
to Asia for a long-term economic strategy, says Dr. Thomas O'Donnell of The Free
University of Berlin December 6, 2014 |
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| G-20 Recommits to Lifting Private Sector Activity They have managed to contain a massive capitalist crisis and they may actually be
realizing that massive government sector spending is required to save capitalism,
says Prof. Leo Panitch the author of The Making of Global Capitalism. November 20, 2014 |
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| The Power to Create Money in the Hands of the Banks The same financial institutions that created the financial crisis are now entrusted with one of the most power tools to shape the economy - and many elected officials have no idea, says Ben Dyson of Positive Money November 17, 2014 |
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| Is Financial Fraud Too Complex to Prosecute? The Department of Justice is using an illegitimate excuse to explain why it has not
prosecuted any senior bankers, says Bill Black,
former bank regulator and current Associate Professor of Economics and Law at the
University of Missouri-Kansas City October 23, 2014 |
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| Why Are Stock Markets So Volatile? A serious depression is pending as a result of austerity, says Professor Michael
Hudson, author of The Bubble and Beyond, and Finance Capitalism and Its
Discontents October 16, 2014 |
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| Ecuador to Adopt Digital Currency Economist Bill Black says Ecuador's plan is supposed to provide bank services to rural communities through mobile phones September 5, 2014 |
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| Fed Chair Signals Possible Policy Shift on Unemployment PERI Co-Director Gerald Epstein discusses how Fed chair Janet Yellen's recent comments on bringing unemployment down could be positive but Fed policy still remains toothless in helping out working Americans August 25, 2014 |
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| The Politics of Going Green PERI Co-Director Robert Pollin and Prof. Chris Williams discuss the feasibility of
shifting to a green economy July 23, 2014 |
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| Obamacare Subsides on the Line CEPR's Dean Baker and Media Matters' Jeremy Holden discuss two federal courts
decisions which could disqualify lower and middle income earners for subsidies
and the forces working to dismantle Obamacare July 25, 2014 |
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| Why the Worst Get on Top in Economics Bill Black: History has proved Nobel prize winning economist Friedrich von Hayek, the patron saint of plutocrats and libertarians, profoundly wrong June 13, 2014 |
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| Saving American Cities Robert Pollin: If the Fed was serious about strengthening the basic
economy, it would bail out American cities May 22, 2014 |
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| Fed Pulls Back Quantitative Easing Michael Hudson: The Fed's practice of buying mortgage and government bonds has helped big banks profit while leaving homeowners holding more debt May 19, 2014 |
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| Incremental Raises to Minimum Wage Will Not Increase Unemployment Robert Pollin: A Recent Congressional Budget Office report claims that
up to
half a million jobs could be lost due to a minimum wage increase, but its
claims are based on weak analysis and ignores the potential gains for
workers' standard of living February 26, 2014 |
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| Argentina & The Emerging Market Crisis James Henry: Facing a surging public deficit, Argentina has devalued its
currency in response to the Fed's tapering of quantitative easing and China's
slowed purchasing of imports February 28, 2014 |
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| Bacon: NAFTA Hurt Workers on Both Sides of the Border On the 20th anniversary of NAFTA, immigration and labor activist David
Bacon says
that the trade agreement created Mexican billionaires, kept Mexican
workers' wages
flat, destroyed US jobs - and revealed the need for worker solidarity
across borders January 2, 2014 |
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| A Look at Who's Poised to Become No.2 at the Fed Gerald Epstein: Former Bank of Israel Chief Stanley Fischer will likely
become the Vice Chairman of the Federal Reserve, but his record shows
consistent catering to Wall Street rather than bringing the country to full
employment December 23, 2013 |
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| How Can Fed Policy Help Main Street? Robert Pollin: Expected new Fed chair Janet Yellen will continue Bernanke's
policies of shoring up Wall Street banks with trillions, but the Fed could help
Main Street with different policies. November 17, 2013 |
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| Who is Behind TISA? Pt. 2 Deborah James: Transnational financial services interests are lobbying hard for the
passage of this agreement and ways to push back on government regulation
domestically October 7, 2013 |
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| How is Privatization Failing America? Paul Bucheitt: From healthcare to education, research shows an increase in
privatization leaves the public with the losses and corporations with the gains August 20, 2013 |
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| 50% of Americans Live in Poverty Paul Buchheit: Based on assets and income, number of people in poverty closer to 50% rather than
official stat of 15% June 3, 2013 |
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| Actual US Poverty Twice Official Figure Jeannette Wicks-Lim: According to official figures 15 percent of Americans live in
poverty, real numbers are over 33 percent of Americans cannot meet basic needs May 28, 2013 |
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| Deficit is Dropping but is there a Real Recovery? Bill Black: With surge in stock market, the wealthier are paying more taxes but working class wages are
not rising and unemployment remains high, so this does not mean a sustained recovery of the real
economy is underway May 22, 2013 |
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| The War on Wages and The Road to Bangladesh Bill Black: In the name of competitiveness, the criminal conditions that led to
the deaths and injuries of thousands of workers in Bangladesh, are being
created around the world in a race to lower wages and working conditions May 1, 2013 |
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| Recession and Austerity Good for the Rich James Henry: The top 7 percent of households, about 8 million people,
have seen their net worth increase to a mean of about $3.2 million in the
last three years April 24, 2013 |
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| Does Public Debt Restrict Growth? Joseph Minarik and Bob Pollin debate recent PERI report that debunked economic theory that supported austerity policies April 23, 2013 |
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| Study Debunking Austerity Research Sparks Wide Reaction Bob Pollin (Co-Author of Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogoff): Deficit Hawks still defend conclusions of a study that contained spreadsheet errors and weighted selected countries in an inappropriate way; led to incorrect theory about public debt and growth April 22, 2013 |
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| Obama's "Cat Food" Social Security Reform Michael Hudson: Obama's "bargain" on social security reform will push
more retirees into poverty in
exchange for a minor increase in high end income tax - a class that receives
most revenue from capital
gains April 10, 2013 |
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| The Grand Betrayal has Arrived Bill Black: President Obama's bargain with Republicans opens the door to
Wall St.'s dream - the
privatization of Social Security April 8, 2013 |
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| Canadian Budget "Austerity on Autopilot" Jim Stanford: In spite of data showing the Canadian economy is slowing
down, the new Federal Budget pushes cuts and a balanced budget which
will make recession worse - true under-utilization of labor is 12 percent March 26, 2013 |
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| Putting Water Back in Public Hands Nick Buxton: Paris and other cities have remunicipalised water that had
been privatized saving users money and introducing more democracy and
transparency March 21, 2013 |
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| Privatizing Europe Nick Buxton: A massive European fire sale is one way finance is using the
crisis to entrench neo-liberalism March 21, 2013 |
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| Forbes Billionaires List Growing James Henry: US still leads as many new billionaires emerging in China
and Russia; corporate profits at record levels - as austerity hits and
unemployment remains high March 17, 2013 |
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| Undoing the New Deal PT2 On the occasion of the 80th anniversary of Roosevelt's election and the
introduction of the New Deal, Jennifer Taub and John Weeks discuss the
post-war period and how successive administrations dismantled it March 10, 2013 |
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| Who Benefits from Austerity? Bob Pollin fields the question: are the very rich hunkering down for a long
recession and to protect their assets, are more concerned about debt than
high unemployment March 10, 2013 |
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| Higher Wages Will End Recession Dr. Heiner Flassbeck: Targeting low inflation will deepen crisis; government
must pass laws and intervene to facilitate a general rise in wages March 3, 2013 |
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| Will a Higher Minimum Wage Cost Jobs? Bob Pollin on the theory that a higher minimum wage will reduce jobs available to young people entering the work force and won't reduce poverty February 19, 2013 |
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| Obama Supports Clean and Dirty Energy Bob Pollin: President Obama can’t possibly meet carbon emission targets he
set and still support increased oil, natural gas and coal production February 19, 2013 |
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| More Geithner Without Geithner Bill Black: Jacob Lew confirmation hearing for Secretary of the Treasuery shows he was picked as a signal that the Geithner policies would survive Geithner, and that they're actually the president's policies February 14, 2013 |
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| How Stanley Fischer Advanced Neo-Liberalism in Israel Shir Hever: Fischer steps down as head of Israel's central bank, known for pushing economic "reforms" that led to greater inequality; before this working for IMF, he helped develop privatization in Russia February 20, 2013 |
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| LIBOR Scandal More Than Fraud - Whole Game is Rigged Costas Lapavitsas: From multimillion dollar losses by cities like Baltimore to pension fund losses and much more, the LIBOR interest rate scandal shows that such mechanisms must be taken out of the hands of banks and be run in public interest February 12, 2013 |
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| US Economy "Stuck in the Mud" Robert Pollin: Last quarter of 2012 had zero growth, wages were lower, unemployment higher as stock market hit record highs January 6, 2013 |
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| The Financialization of Food Sasha Breger Bush: In the name of democratizing finance, derivative exchanges are achieving the opposite January 31, 2013 |
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| Davos Still Pushes Failed Global Vision Bill Black reports from Davos that the Global Competitiveness Report pushes countries towards even more deregulation - policies that helped trigger the crisis January 25, 2013 |
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| Stewart vs Krugman and the Religion of Austerity Bill Black: Obama has options, including the trillion dollar coin, to refuse to negotiate under the gun but he's taken them off the table; both sides subscribe to the dogma of austerity January 18, 2013 |
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| What are the German Bankers Thinking? Michael Ash: German bankers can be ruthless bill collectors, wild speculators, social planners and austerity hawks but they seem to ignore the damage they are doing to Europe January 18, 2013 |
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| Cliff Deal a "Moderate" Betrayal Bill Black: Compromise on tax hikes on rich and allowing payroll taxes to rise sets the ground for a "grand betrayal" yet to come January 3, 2013 |
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| Economic Outlook for 2013 Bob Pollin: With austerity policies in Europe and the USA and slow down in China and India, 2013 needs innovative policies or more recession is likely January 2, 2013 |
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| A Grimmer State of the States Bob Pollin: New study shows states are paying more for medicaid as workers lose jobs with insurance; no help in sight from federal government December 17, 2012 |
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| Austerity Italian Style Bill Black: Youth unemployment in Italy reaches 40% as European big banks insist on more austerity December 10, 2012 |
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