HOT TOPICS ▶ Climate Change     Undoing The New Deal     The Real Baltimore     Reality Asserts Itself     United Kingdom    


Economic Update: Distorting Economic Truths

Labor strikes at Disney; home sales and prices drop sharply; Nestle's approval to profit from privatizing water; UPS and FedEx profit from Trump's attack on Amazon and lies about the USPS; US poverty far worse than in other nations  April 16, 2018

OECD Advises Countries to Curb Extreme Inequality

Economist Michael Roberts says the change of tone within the OECD is interesting, but there are no takers ready to implement estate taxes to reduce inequality  April 15, 2018

French Austerity Program Provokes Growing Wave of Worker and Student Strikes

University students and railroad and airline workers are escalating protests and strikes in France against President Macron's austerity plans  April 7, 2018

After the 2008 Financial Crisis, a State of 'Productive Incoherence' (2/2)

Some aspects of the global financial landscape have not changed since the 2008 financial crisis, while other aspects have changed in very important ways, leading to "a very messy kind of uneven process of change that has really been catalyzed by the global financial crisis," says economics professor Ilene Grabel  April 9, 2018

Economic Update: Beyond the Political Theater

Economist Richard Wolff says all the posturing and finger-pointing--from the NRA's anti-government fear mongering to Trump's Chinese tariffs--are really just an effort to distract from the real issue: 'It gets you focused on something other than the economic system that is screwing you'  April 9, 2018

After the 2008 Financial Crisis, a State of 'Productive Incoherence' (1/2)

Some aspects of the global financial landscape have not changed since the 2008 financial crisis, while other aspects have changed in very important ways, leading to "a very messy kind of uneven process of change that has really been catalyzed by the global financial crisis," says economics professor Ilene Grabel  April 9, 2018

Wall Street Bankers' Executive Bonuses Highlight Worsening Inequality

Banks are collecting money from every corner of this economy, becoming "the special winner in the capitalist game of our time," says economist Richard D. Wolff. The bonuses "strike another blow for that growing inequality between the rich and everybody else in the United States"  April 3, 2018

Economic Bubbles and the Myth of High Returns

Stock prices are soaring now, but a price drop of 10-20% is a real possibility, says economist Dean Baker  April 4, 2018

Economic Update - Capitalism Breeds Inequality

Since 1980, the income of the top .001 percent went up by six hundred percent, but the bottom fifty percent saw no income increase at all, says economist Richard D. Wolff  March 28, 2018

Trump Appoints Yet Another Deregulator - This Time to the FDIC

Jelena McWilliams will be the new FDIC director and this will mean a "slaughter" of the remaining banking regulations, which will already be significantly weakened via a new law to be passed soon by Congress, says former financial regulator Bill Black  March 28, 2018

Trump's Tariff Travesty Will Not Re-Industrialize the US

Trump's steel and aluminum tariffs will only make it more difficult for US producers that depend on these resources, while also initiating trade retaliation from trade partners says Michael Hudson  March 15, 2018

Exposing the Risks of Global Finance: Yilmaz Akyuz on 'Playing with Fire' (2/2)

South Centre Chief Economist explains the deepened financial integration of the Global South as a mechanism of Northern countries to continue compressing wage income. But the growing and massive accumulation of debt worldwide is making the global economy more vulnerable than ever before  March 6, 2018

Exposing the Risks of Global Finance: Peter Dittus on 'Playing with Fire' (1/2)

Former BIS chief, author of 'Revolution Required', praises the insights of Akyuz's book 'Playing with Fire', notably in uncovering the current state of financial fragility triggered by the G7, worsened by the absence of international mechanisms to recover from systemic debt fall-outs  March 5, 2018

IMF's Structural Adjustment Programs Weaken States They Aim to Strengthen

A new paper from the Political Economy Research Institute discusses how the IMF's programs undermine the ability of governments in developing countries to properly govern  February 26, 2018

Employers Steal $15B From Low Wage Workers Each Year

Millions of workers are paid less than the minimum wage, thanks to the erosion of federal labor protections, says David Cooper of Economic Policy Institute  February 23, 2018

Once a Poster Child for Austerity, Latvia Becomes a Hotbed of Corruption

Austerity didn't produce recovery in Latvia, it produced the semblance of recovery, says white-collar criminologist Bill Black. It also led to rampant criminal activity in the banking sector, such as money laundering, taking bribes, and violating sanctions against North Korea  February 21, 2018

Finding a SALT Tax Deduction Workaround

Trump's tax reform limits the State and Local Tax (SALT) deduction to $10,000, disproportionately affecting high-tax states with progressive policies. These states can avoid the problem, though, by shifting to payroll taxes instead of income taxes. CEPR's Dean Baker explains  February 16, 2018

Trump's Infrastructure Fantasy a Gift to His Donors

The Trump plan promotes the mythology of private sector efficiency and creates private sector monopolies. The danger is that this allows monopolies to charge substantially more than what public goods such as water, roads and railways actually cost  February 15, 2018

The Free Market Threat to Democracy

Democratic institutions are not under stress--they're under aggressive attack, as unconstrained financial greed overrides democratic decisions, says economist John Weeks  February 16, 2018

Trump Privatizes America

Trump's infrastructure privatization plan is a hat trick that optimistically turns $200 billion into $1.5 trillion, is designed to eliminate the public sector and to bankrupt cities and states, says economist Michael Hudson.  February 12, 2018

'Normalizing' Britain's Interest Rates by Raising Them May Slow Economy

The Bank of England announced plans to raise interest rates to combat inflation, but the actual effect will be to slow its economy and raise unemployment in light of a phantom threat, explains economist Mark Weisbrot  February 12, 2018

Trump Budget: Reaganomics + Military Keynesianism = Deficit Boom

What is really needed is massive spending on an egalitarian green economy, says economist Robert Pollin of PERI  February 8, 2018

Unregulated Financial Markets Created a Stock Bubble

The current average price-to-earnings ratio of stocks is still far above the historic average, so we should not be surprised that there is a stock bubble and that it burst, explains PERI economist Robert Pollin  February 9, 2018

The Rise and Fall of the Stock Market: What to Expect

Economist Dean Baker says that after such a sharp run-up in stock prices, "it really shouldn't be a surprise to anyone that you're going to see some downturn in the market"  February 8, 2018

Federal Government Abdicates Responsibility for Investigating Massive Equifax Data Theft

The Consumer Finance Protection Bureau had initiated an investigation into the data of theft of data of 143 million US citizens, but now the CFPB abandoned the investigation under Trump's budget director Mulvaney. Bill Black explains the consequences  February 12, 2018

What Bernie's Historic 2016 Teaches for 2020

Bernie Sanders' near-victory in the Democratic primary despite no corporate support was a first in US history, and proved that small money and a substantive message can succeed, says Thomas Ferguson of the University of Massachusetts  February 2, 2018

Consumer Protection Moves to Throw the Weakest Under the Bus

In one of his first moves as director of the Consumer Financial Protection Board, Mick Mulvaney scrapped a rule regulating payday lenders. "This has everything to do with facilitating fraud and predation," says white-collar criminologist Bill Black  January 21, 2018

Apple: The Biggest Tax Cheaters in History Repatriate Profits Under Trump's Tax Bill

What Apple did was outright illegal according to the European Union, but instead of taking legal action against Apple for tax evasion, the Trump tax bill will reward them says white-collar criminologist Bill Black  January 22, 2018

IRS Private Debt-Collection Program is 'Indefensible'

Using private debt-collection firms to collect debt from low-income Americans is not only morally reprehensible, but it's also terrible business, says white-collar criminologist Bill Black  January 18, 2018

Public or Private Ownership of Banks: Which is More Efficient?

Devika Dutt of PERI explains the gap between common economic thinking, which favors private ownership of banks, and the data  January 16, 2018

Warren Buffett Wins $1 Million Bet That Hedge Funds Are a Rip-Off

Billionaire investor Warren Buffett bet that hedge funds were a bad investment. Ten years later, Buffett's wager proved that hedge funds earn only one third of what a stock index investment does. Economist Bill Black explains the numbers  January 5, 2018

Trump Tax Reform Targets High-Tax States, But There is a Way Out

The limitation of state and local tax deductibility from the federal tax code will hit high tax states hard, but states can find ways around the law to maintain their revenues and the benefits they provide their citizens says CEPR's Dean Baker  January 4, 2018

2017 A Banner Year for Corporate Mergers, Which Further Deepens Inequality

Low interest rates, "quantitative easing," and the mitigation of antitrust laws led to more mergers and acquisitions in 2017, but that's only going to fuel greater wealth inequality and tighten the corporate grip on the political system, explains economist Michael Hudson  January 2, 2018

Trump, GOP Pull Off Their Tax Heist

Congressional Republicans have approved their tax bill, a massive upward transfer of wealth that fulfills a decades-long right-wing goal of permanent tax cuts for corporations. We speak to professor and author Bill Black  December 20, 2017

Corker's Tax Vote: Coincidence or Kickback?

Holdout Senator Bob Corker dropped his opposition to the tax bill after Republicans inserted a last-minute provision that would benefit him financially. We discuss Corker and the tax bill's upward wealth transfer with economist Dean Baker  December 19, 2017

Putin's Syria 'Victory' Won't End the Proxy War

Russian President Vladimir Putin has declared victory in Syria and says he's withdrawing troops, but the proxy fight there remains and could ramp up in neighboring Lebanon, says Syria expert and scholar Joshua Landis  December 14, 2017

Children's Health Insurance Program to Expire Under GOP Tax Bill

Nine million children will go without health insurance under the new GOP tax bill, says Bill Black, white-collar criminologist and former regulator  December 7, 2017

GOP Tax Bill: The Great American Heist

The "insane and opaque" tax bill had no hearings and no independent experts; it was informed only by lobbyists. And it's going to blow up the deficit and gut social programs, says economist and white-collar criminologist Bill Black  December 6, 2017

Trump Tax Plan Would Slash Charitable Giving by Almost 40%

According to some estimates, there would be between $13-$95B less in charitable giving by individuals, because raising the individual deduction removes the tax incentive to give, says David Callahan, founder and editor of Inside Philanthropy  December 1, 2017

Cities Offer Amazon Dangerous Incentives

Amazon has received 238 bids from North American cities vying to host its new headquarters, and some are offering the company extreme incentives that undermine democracy, says economist Dean Baker  November 29, 2017

Digital Superpowers Poised To Increase Global Inequities Under the Label of E-Commerce

Public forum sheds light on dangers ahead for most countries by the push for comprehensive deregulation backed by big players at the forefront of new technologies like Big Data and Artificial Intelligence  November 20, 2017

Divided Congress Unites to Spend $700B on Military and War

House Democrats and Republicans have approved a nearly $700 billion military spending bill, almost $100 billion more than President Trump and the war profiteers he's appointed had sought  November 18, 2017

GOP Tax Plan Would Scrap 'Individual Mandate' and Raise Premiums

Senate Republicans' tax reform proposal and their plans to repeal the individual mandate are the "same sort of cynicism," says economist Dean Baker  November 16, 2017

The Color of Money: Black Banks and the Racial Wealth Gap (3/3)

Nixon's embrace of 'black capitalism,' continues to this day while the roots of the racial wealth have never been addressed says Mehrsa Baradaran of the University of Georgia  November 7, 2017

The Color of Money: Black Banks and the Racial Wealth Gap (2/3)

Mehrsa Baradaran details how government policy created white middle class wealth while simultaneously impoverishing African Americans  November 6, 2017

The Color of Money: Black Banks and the Racial Wealth Gap (1/3)

A major compromise to white supremacy after Civil War was abandoning reparations and creating Black Banks argues Mehrsa Baradaran  November 5, 2017

Fragmented Health System Paves Way for CVS-Aetna Merger

In what is being called the biggest merger in the history of the health insurance industry, CVS is making a $66 billion bid to buy Aetna. We discuss the merger's potential consequences with author and professor Bill Black  November 3, 2017

Trump's Tax Man, and Tax Plan, for the 1%

As Republicans prepare to unveil a tax plan favoring the wealthiest Americans, President Trump has quietly tapped a problematic interim IRS Director, says economist Dean Baker  November 2, 2017

Real Media: Who is Driving the Cashless Society?

Financial activist & author Brett Scott details the motives behind the drive for cashless society, who will benefit and why technology has a chronic ethical problem  October 30, 2017

Finance Has Become the Dominant Force in Shaping the Global Economy

Global inequality, household indebtedness, insufficient investment and stagnant economic recovery are the consequences of the dominance of large financial and corporate bodies in shaping globalization, explains Richard Kozul-Wright, UNCTAD's chief economist  October 24, 2017

IMF Worried that High Inequality Could Threaten Global Capitalism

All income growth of the past few years is going to the top 10 percent, without paying more in taxes. IMF says that higher taxation of the top earners would not impinge on economic growth, explains economist Michael Roberts  October 27, 2017

IMF's Concern with Equality Not Reflected in Its Policy Recommendations

Recently the IMF's analyses have shown greater concern about the dramatic rise in inequality, but its policy recommendations make the problem worse, explains economist Mark Weisbrot of CEPR  October 23, 2017

Debate Recap: Sanders Vs. Cruz on Trump's Tax Plan

Senators Ted Cruz and Bernie Sanders squared off over a Koch brothers-backed effort to cut taxes for the wealthiest Americans  October 20, 2017

US and Israel Show UNESCO their Anti-Palestinian Bias

The U.S. and Israel are pulling out of UNESCO over what they call an 'anti-Israel bias,' but the move may actually underscore their bias towards basic Palestinian rights. Meanwhile, Palestinian factions Fatah and Hamas have reached a new unity deal  October 14, 2017

Can Trump's Tax Reform Raise Household Income by $4,000?

During a rally in Harrisburg, PA, Trump claimed that his tax reform would raise incomes by $4,000 per household. Economist Dean Baker disputes that tax breaks generate greater economic activity and thus raise incomes as Trump claims  October 12, 2017

Potential Fed Chair Kevin Warsh: A 'Classic Trump Pick'

President Trump's consideration of Kevin Warsh to replace Janet Yellen as chair of the Federal Reserve would be a typical Trump appointment: a wealthy, well-connected investment lawyer with a terrible track record, says economist Dean Baker  October 13, 2017

Senator Warren: Equifax Profits from Data Hack While Consumers Pay the Price

Economist Bill Black says he's skeptical that either Equifax or its former CEO Richard Smith will be held accountable for the breach that affected an estimated 145.5 million people  October 4, 2017

Trump's Tax Plan Helps Wall Street, Not Main Street

'It should be called the Leona Helmsley tax plan,' says economist Michael Hudson. 'Only the little people will pay taxes'  October 5, 2017

Study: Military Spending Ineffective for Creating Jobs

The study by economist Heidi Garrett-Peltier finds that federal spending on domestic programs, such as healthcare, education and clean energy, creates far more American jobs than military spending  September 29, 2017

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

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

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

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

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

'The Model Economy' in Germany is Growing a Class of Working Poor

General election campaign is in full swing in Germany but little attention is being paid to the high proportion of working poor explains economist Heiner Flassbeck.  September 10, 2017

French Labor Reform Attempts to Remove Labor Union Protection

Recently elected French president Emmanuel Macron makes another run at Labor reform, which protests defeated several times before. CEPR's Dean Baker explains that the measures, if passed, will not boost France's economy  September 7, 2017

Amazon-Whole Foods Price Cuts Could Have A Short Shelf Life

Food and Water Watch's Patrick Woodall says that the incredible wave of mega-mergers in recent years shows that "regulators have been asleep at the switch"  August 30, 17

Social Security A Success Story: Can It Withstand Republican Privatization Attacks?

Republicans continue to launch efforts to privatize and dismantle the very efficient Social Security program says economist Dean Baker  August 24, 2017

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

Intellectual Property Rights Protect Massive Profits of Corporations

We need to debate and revise the intellectual property rights regime, which is not only dysfunctional for us, but especially for developing countries, says Dean Baker, co-director of CEPR  August 17, 2017

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

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

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

Economic Development for Transformative Structural Change: Lack of Alternatives Is Not the Problem (pt 1/4)

Historically all major thinkers about the economy were development economists as they saw the economy going through transformative structural changes and that is what they studied, says co-editor of The Handbook of Alternative Theories of Economic Development  August 10, 2017

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

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

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

Data, Algorithms & Artificial Intelligence: Where is AI Innovation Taking Society?

Safeguards need to be put in place so artificial intelligence can be used safely for everybody says Catherine Saez of Intellectual Property Watch reporting on events at the Artificial Intelligence summit hosted at ITU, the UN specialized agency for Information & Communications Technologies  July 21, 2017

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

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

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

Jayati Ghosh On Imperialism in the 21st Century (Pt. 3/3)

New forms of economic territory, including privatized commons, cannot lift capitalism out of the stagnation that it pushed itself into because it has suppressed wage incomes, says renowned economist Jayati Ghosh  June 29, 2017

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

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

Barclays and Its Executives Are Charged With Conspiracy to Commit Fraud

Bill Black, author of The Best Way to Rob a Bank is to Own One says don't expect much - sadly, the British Serious 'Farce' Office that brought about the charges may not have the wits to carry out the prosecution  June 22, 2017

Dean Baker: Interest Rate Hike Will Hurt Jobs Growth

The Federal Reserve's interest rate hike will slow jobs growth, but is probably being done to please Wall Street, says CEPR's Dean Baker  June 23, 2017

Roll-Back of Financial Regulations Has Nothing to do with Complexity or Boosting the Economy

Former financial regulator Bill Black explains that the Republicans' effort to eliminate Dodd-Frank Act financial regulations serves the interests of the big financial institutions and has nothing to do with rules' complexity or impact on the economy  June 14, 2017

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

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

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

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

Lawyer with Responsibility for Mortgage Crisis Appointed to Take Care of Mortgage Banks

Trump appointed Craig S. Phillips, who contributed to the 2008 financial crisis at Morgan Stanley, to take care of FannieMae and FreddieMac, explains white collar criminologist Bill Black  May 12, 2017

Trump Reiterates Support for a New Glass-Steagall Act, But Will it Pass Congress?

Trump administration support for reinstating Glass-Steagall Act is an effort to appeal to Trump's base, but won't go anywhere. It would be beneficial, though, if it doesn't mean also deregulating the finance sector says Gerald Epstein of PERI  May 15, 2017

5 Types of Bullsh*t Jobs with David Graeber

David Graeber talks bullshit jobs and the concept of work under capitalism with Real Media and the Real News Network.  May 9, 2017

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

Trump Unveils Outline of his Pro-Corporate Tax Plan

Trump would be one of the main beneficiaries of his own tax reform proposal, benefitting from the lowering of "pass-through" income, says CEPR's Dean Baker  April 27, 2017

Profits Can be Made from Catastrophes With Disaster Capitalism

Antony Loewenstein, author of Disaster Capitalism: Making a Killing Out of Catastrophe, says companies that make profits from disasters around the world also have a vested interest in maintaining these disasters  April 20, 2017

Wells Fargo's Board Investigation of Itself Amounts to a Farce

Bill Black explains how the Wells Fargo scandal is emblematic of the bank's corporate culture and that the fined executives are only scapegoats  April 13, 2017

Corporate Tax Reform Is Needed, But Not Trump's Proposal

Dean Baker of CEPR argues that a better corporate tax reform would be to have the government hold a portion of corporations' shares and earn their dividends instead of taxing them  April 13, 2017

President of Richmond Fed Leaks Insider Information and Gets to Walk Free

According to Bill Black, the investigation into leaking of inside information shows how banks and the Federal Reserve are riddled with conflicts of interest  April 6, 2017

Turkish Citizens Set to Vote on Referendum Further Centralizing Power in Erdogan's Hands

Trent University lecturer Baris Karaagac says if the 'yes' vote wins, the state will have a limited ability to restrain President Erdogan's heightened executive powers  March 30, 2017

Fed Inflation Target Keeping Wages Low, People Out of Jobs

CEPR co-founder Dean Baker says there are good reasons for thinking that we still are far from full employment, needlessly slowing the economy and keeping people from getting jobs  March 23, 2017

Bankruptcy Protection, Debt Jubilee, Students Debt and the Credit System

Part 3 of an interview with Richard D. Wolff, Marxist economist and founder of Democracy at Work -  March 20, 2017

What is Money? Why Do Some Have More Than Others?

Part 2 of an interview with Richard D. Wolff, Marxist economist and founder of Democracy at Work -  March 19, 2017

What is Capitalism & Socialism? What Differentiates Them from Each Other?

Part 1 of an interview with Richard D. Wolff, Marxist economist and founder of Democracy at Work -  March 18, 2017

Trump Adds Another Goldman Sachs Alum to His Administration

James Donovan's area of expertise, like most Goldman Sachs folks, is not economics or finance, but law - because that's how Goldman Sachs makes its money: by evading, controlling and writing the laws  March 20, 2017

How to Understand Globalization: Not Nations, But Class

We must adopt a class-based analysis of globalization in order to attack the multilateral system that is producing inequality, advises South Centre Chief Economist Yilmaz Akyuz  March 15, 2017

February Job Growth Barely Made Dent in Record Low Labor Force Participation

Newest government data still show trends of low wage job creation, racial disparities in employment, and workers continuing to leave the labor force, says economist Bill Black  March 15, 2017

Chinese Telecom Giant Pays DoJ $892 Million Fine for Practices Trump Wants Legal For U.S. Firms

Bill Black says Trump wants to gut the Foreign Corrupt Practices Act to enable U.S. firms to engage in corruption  March 9, 2017

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

'J is for Junk Economics': Michael Hudson on TRNN (5/5)

Economist Michael Hudson explains why social security does not need to be 'pre-funded' by its beneficiaries  March 4, 2017

'J is for Junk Economics': Michael Hudson on TRNN (3/5)

Trump is planning to turn the U.S. economy into a Russian-style kleptocracy, says economist Michael Hudson  March 1, 2017

'J is for Junk Economics': Michael Hudson on TRNN (4/5)

Economist Michael Hudson takes on the mythology surrounding government budgets and explains how the term 'stability' has been used as a cover for financial fraud  March 3, 2017

'J is for Junk Economics': Michael Hudson on TRNN (2/5)

Trump's infrastructure plan will privatize all the benefits for the financiers and make sure that the population at large gets zero benefit from it while paying the costs, says economist Michael Hudson  February 28, 2017

Mountains of Uninvested Corporate Cash, Not Mexico, Most Responsible for Job Loss

Heiner Flassbeck tells Paul Jay that unspent and uninvested wealth held by the elites is a bigger drag on employment than free trade with Mexico  July 27, 2016

With Transparency Rule Eliminated, Extractive Industries Can Hide Billions in Payments to Foreign Governments

Corinna Gilfillan of Global Witness says the change will prop up big oil's corrupt business model  March 1, 2017

'J is for Junk Economics': Michael Hudson on TRNN (1/5)

Michael Hudson, author of the newly released 'J is for Junk Economics,' says the media and academia use well-crafted euphemisms to conceal how the economy really works  July 27, 2017

Trump's Job Promises are Fiction - Free Trade is Fiction, Too

Economist Heiner Flassbeck tells Paul Jay that neither a high tariff wall or neo-liberal free-trade will provide jobs and higher wages - but there are policies that will  February 21, 2017

Trump's Tax Returns Key to Clarifying Russian Connections

Economist James Henry explains why we should take Deutschebank's findings about Trump's assets with a grain of salt  February 17, 2017

IMF Lent to Greece Knowing It Could Never Pay Back Debt

There's a real need for international debtor rights, says economist Michael Hudson  February 17, 2017

Upward Distribution of Wage Income Behind Social Security's Shortfall

CEPR's Dean Baker says Republicans often omit the role of stagnant wage growth in the discussion around the growing deficit in this social insurance program  February 16, 2017

Steve Mnuchin, Who Played Key Role in Foreclosure Crisis, Confirmed As Treasury Secretary

Former financial regulator Bill Black says that a Mnuchin-owned bank made hundreds of billions of dollars of fraudulent mortgage loans that caused a financial catastrophe  February 14, 2017

Why Rolling Back Dodd-Frank Won't Benefit Small Businesses

Wall Street is sitting on billions - instead of giving loans to those who need it, the banks use it for speculation and CEO bonuses, says PERI co-director Gerald Epstein  February 3, 2017

Republicans Plan to "De-Supervise" the Consumer Financial Protection Board

Overwhelming the CFPB with lawsuits and cost-benefit analyses will undermine its capacity to enforce regulation, says former financial regulator Bill Black  February 2, 2017

Private Sector Will Make a Killing Off of Infrastructure Bank

Democrats and Republicans appear willing to offer public-private partnerships and tax credits to the benefit of Wall Street, says former financial regulator Bill Black  February 2, 2017

Trump Set to Rollback Financial Regulation Passed After the 2008 Crisis

The Democrats have refused to challenge Clinton and Bush-era deregulation and explain the causes of the financial crisis to the public, says former financial regulator Bill Black  February 1, 2017

Executive Order on Regulations Will Benefit Large Corporations, Not Small Businesses

The Trump administration is using small business as an excuse for wholesale assault on regulation, says former financial regulator Bill Black  January 31, 2017

How the Small Business Administration Will Be Used to Destroy Regulations

Former financial regulator Bill Black says Linda McMahon's career involved exploiting workers as independent contractors and sabotaging small businesses  January 26, 2017

Wilbur Ross's Economic Expertise: Exploiting Tax Law

Following the confirmation of Ross, TRNN replays an interview with former financial regulator Bill Black about the pervasive conflicts of interest in the Trump administration  January 18, 2017

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

Urgent Need For Legally Binding Obligations On Transnational Corporations (2/2)

Closing thoughts in our conversation on the need to bring some balance between the the rights and responsibilities of transnational corporations at the international level with Ecuador's Ambassador Espinosa, Chair of the Working Group on UN Human Rights Council Resolution 26/9  January 3, 2017

Urgent Need For Legally Binding Obligations On Transnational Corporations (1/2)

Ecuador's Ambassador to the UN Geneva briefs TRNN on Resolution 26/9, the UN Human Rights Council mandate to elaborate an international legal framework to regulate activities of transnational corporations under binding international human rights law  January 2, 2017

Italy Needs Expansionary Fiscal Policy to Escape Six-Year Recession

Further cuts in government expenditure to compensate for the bailout will worsen the situation, says economist Heiner Flassbeck  December 23, 2016

IMF Board Response to Lagarde Conviction Reaffirms Institutional Indifference to Corruption

Former financial regulator Bill Black says the case reveals how power and money protect the elite  December 21, 2016

IMF Credibility Takes Hit After Managing Director Found Guilty of Criminal Negligence

Economist James Henry says the ruling is a slap on the wrist for Lagarde, who is now the third director in a row convicted of a crime  December 19, 2016

Former Financial Regulator: White Collar Crime Will Have a Field Day Under Trump

Bill Black says none of Trump's economic picks - which now include three people from Goldman Sachs - were picked for their knowledge of economics  December 13, 2016

Trump's Labor Pick is Millionaire CEO Who Blames Workers for Their Poverty

The Prospect's Justin Miller says Andrew Puzder opposes raising the minimum wage even though he makes in a day what his workers make in a year  December 8, 2016

Following Oakland Fire, Baltimore Evicts Residents of DIY Arts Space

Residents say the Bell Foundry was a safe space for people of color and LGBTQ artists. A GoFundme campaign has raised over $16,000 for evictees.  December 7, 2016

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

Billionaire 'King of Bankruptcies' to Head Commerce Under Trump

Despite promises to 'drain the swamp,' Trump chose a man for Deputy Secretary of Commerce who enriched himself at expense of labor and consumers and shipped jobs overseas, says University of Missouri-Kansas City professor Bill Black  December 1, 2016

Trump Picks Ex-Goldman Banker Known as 'King of Foreclosures' to Head Treasury

The joke's on you if you thought Trump was going to do anything less than deregulate Wall Street, says former financial regulator Bill Black  December 1, 2016

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

How Taxes Were Shifted off the Donald Trumps of the World and onto Homeowners

Economist Michael Hudson, author of 'J is For Junk Economics, explains how the rising prices of homes came at a great cost to the middle and work classes  November 21, 2016

Trump Considering Man Who Rigged the Economy for Treasury Secretary

Rob Johnson tells Paul Jay that you can't say you're fighting against the 'rigged' economy and then hire someone who helped rig it  November 22, 2016

Michael Hudson: Donald Trump Wants to Make the 1% Even Richer

Economist Michael Hudson explains how economic terms like capital gains are deployed to mislead the public about who is benefiting from economic policy and where wealth is going  November 18, 2016

Advocates Call for Wall Street Firm to Halt Foreclosures in Baltimore

Struggling homeowners have joined with city council members, UNITE HERE, and United Workers to also demand an end to discriminatory lending practices in the city  November 16, 2016

Universal Basic Income: A Solution to Inequality, Economic Instability, and Climate Change

A guaranteed monthly income can be fully funded through charges on carbon emissions, financial market transactions, and extractive practices, says PERI's James K. Boyce  November 21, 2016

Michael Hudson on the Orwellian Turn in Contemporary Economics

Economist Michael Hudson sits down with Sharmini Peries to talk about the elections and his new book 'J is for Junk Economics'  November 17, 2016

The Economic Consequences of a Trump Presidency

Economist Heiner Flassbeck says the worst way to pursue public spending would be through the failed model of public-private partnerships  November 16, 2016

Breaking Through Power: Nell Minow on the Shareholder Control Over Management

The Center for Study of Responsive Law held its second four-day conference on securing long-overdue democratic solutions in Washington, D.C. from September 26-28, 2016  November 4, 2016

AT&T-Time Warner Proposed Merger Earns Nearly Universal Panning

Comcast's purchase of NBCUniversal is a cautionary tale for consumers when it comes to media monopolies, says Professor Victor Pickard  October 31, 2016

TRIPS: The Story of How Intellectual Property Became Linked to Trade (7/7)

Professor Peter Drahos says a global effort will be needed to keep knowledge in the public domain  October 31, 2016

TRIPS: The Story of How Intellectual Property Became Linked to Trade (6/7)

Professor Peter Drahos says the story of the trade agreement is not just a story of power, it's also a story of clever psychology  October 30, 2016

TRIPS: The Story of How Intellectual Property Became Linked to Trade (3/7)

Countries like India and Brazil saw early on how excessive monopoly protection due to intellectual property rights would be an impediment to development, says professor Peter Drahos  October 26, 2016

TRIPS: The Story of How Intellectual Property Became Linked to Trade (4/7)

The globalization of intellectual property rights will not improve trade, competition, or the livelihood of workers; it leads to underdevelopment, says professor Peter Drahos.  October 27, 2016

TRIPS: The Story of How Intellectual Property Became Linked to Trade (5/7)

Professor Peter Drahos explains the TRIPS Agreement gave multinational corporate owners of intellectual property rights a global form of private taxing power  October 28, 2016

TRIPS: The Story of How Intellectual Property Became Linked to Trade (2/7)

The architects of this trade agreement saw great profit from controlling the building blocks of the biological and digital technologies of the future, says professor Peter Drahos  October 24, 2016

TRIPS: The Story of How Intellectual Property Became Linked to Trade (1/7)

In this 7 part series, Professor Peter Drahos explains how multinationals from US, Europe, and Japan collaborated to create a global platform for multinationals to privatize knowledge  October 23, 2016

Economic 'Recovery' Feels Weak Because the Great Recession Hasn't Really Ended

The IMF foretells of vulnerable banks in US and EU while enabling unsustainable debt-leveraging, says economist Michael Hudson  October 7, 2016

How Wells Fargo Keeps Scamming Its Customers & Employees

CEO John Stumpf faces grilling from Congress on why his bank keeps breaking the law, but if no one goes to jail, nothing changes, says economist Bill Black  September 30, 2016

Why the Federal Reserve Needs To Go Beyond Interest Rate Policy

The long-term decline of the U.S. economy won't be reversed until there's movement towards greater public investment, protections for workers, and a higher minimum wage, says PERI co-director Gerald Epstein  September 26, 2016

SEC Accusations Against US Billionaire Highlights Centrality of Insider Trading to Hedge Fund Profits

Former financial regulator Bill Black discusses the case of Leon Cooperman, who once accused Obama of unfair treatment of the rich  September 22, 2016

Does a Golden Parachute Await Wells Fargo CEO John Stumpf?

Former financial regulator Bill Black explains why criminal prosecutions of executives time after time are not happening  September 21, 2016

Media Grossly Downplaying the Depths of the Wells Fargo Scandal

Former financial regulator Bill Black says media coverage has falsely portrayed Wells Fargo's image as untarnished by previous financial fraud  September 16, 2016

Uproar Over Apple-Ireland Tax Deal Ruling Could Put Multinationals Under the Gun During G20

Economist James Henry explains why he thinks Apple's position on the European Commission's ruling is indefensible  September 2, 16

Tax Wars: Apple, White House, and the U.S. Treasury vs. the European Union

Economist James Henry discusses the recent ruling by the European Commission that Apple owes Ireland $14.5 billion because its tax benefits there are illegal  August 31, 2016

Why the G20 and Other Efforts to Address Tax Havens Are Failing

Only international schemes and the organization of ordinary people can counter the interests of the most powerful global industries, says economist James Henry  August 28, 2016

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

'FAILED: What the "Experts" Got Wrong on the Global Economy' - Mark Weisbrot (3/3)

CEPR economist Mark Weisbrot dispels the myths surrounding Latin America's historic elections of left governments and their implementation of anti-poverty and social programs  August 17, 2016

'FAILED: What the "Experts" Got Wrong on the Global Economy' - Mark Weisbrot (2/3)

CEPR economist Mark Weisbrot says the collapse of the IMF's power over low and middle-income countries is one of the most significant changes in the international financial system  August 16, 2016

'FAILED: What the "Experts" Got Wrong on the Global Economy' - Mark Weisbrot (1/3)

CEPR economist Mark Weisbrot says the failures of the Eurozone and European economies are due to unaccountable, unelected authorities who have taken control of fiscal policy in order to remove social and economic protections for ordinary people  August 15, 2016

Thomas Friedman's Advice to Clinton: Shift Right

Former financial regulator Bill Black describes some of Hillary Clinton's statements on economic policy as 'incredible nonsense'  August 11, 2016

Economist: Most Concerns about Baltimore's $15 Wage Hike are Unfounded

EPI Senior Analyst David Cooper says raising minimum wage hike has historically not led to job losses, but higher local demand and decreased turnover  August 9, 2016

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

Deep Depression in Italy Gave Germany an Absolute Advantage

Economist Heiner Flassbeck says there's no debt crisis in Europe, it is Germany's absolute competitive advantages that drove deflation throughout Europe  August 4, 2016

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

Study: U.S. Financial System Imposes 'Overcharge' of at Least $40,000 on Every Citizen

Gerald Epstein of the Political Economy Research Institute discusses his new report titled 'Overcharged: The High Cost of High Finance', which describes how the financial system is a net drag on the American economy  July 18, 2016

New British PM Appoints Brexit Proponent Boris Johnson to Foreign Secretary

Bill Black says Boris Johnson's demonization of the EU and virtually all of its leaders in his role as an alleged journalist makes him the worst conceivable person to put in a top diplomatic post  July 13, 2016

UK Elites Oppose Brexit - Their Party to be Led by a Leader Promising to Leave EU

Bill Black tells Paul Jay that the Conservatives risk political annihilation if they don't respect the results of the referendum, in spite of the bulk of the ruling class's opposition to the move  July 8, 2016

A Green Transition Can Preserve the Livelihood of Workers

PERI's Robert Pollin tells Paul Jay that a just transition for those who work in the fossil fuel sector is not only necessary, it's possible  July 14, 2016

White-Collar Crime Kills and Maims More Than the Crimes of the Poor

Former financial regulator Bill Black says fraud and corruption result in significantly more death and violence, and aren't even counted in traditional stats by conventional criminologists  July 10, 2016

TTIP: A Grave Threat to the Domestic & International Order

Independent Expert Alfred de Zayas says activities of investors and transnational corporations not only interfere in the regulatory space of States, but attack the very essence of sovereignty and self-determination  July 5, 2016

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

Why Bankers and Financiers Benefit from Low Inflation Policy

PERI's Gerald Epstein explains why financial institutions like the IMF promote fiscal policy that reduces investment, economic growth, and employment  July 5, 2016

Disaster Capitalism's Coming Use of The Lead Water Pipe Crisis

Glen Ford, founder of Black Agenda Report, says the water pipe crisis will be used to justify previous goals of gentrifying more urban areas and creating massive wealth for elite corporations  April 12, 2016

Why Krugman's Latest Attack on Sanders' Economic Plans Is Wrong

Economists Bill Black and Michael Hudson respond to Paul Krugman's latest New York Times column, "Sanders Over the Edge"  April 9, 2016

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

Panama Papers Expose Kleptocracy in Action

Investigative Journalist James Henry describes how government officials are directly benefiting from the tax havens they are responsible for dismantling  April 4, 2016

CA and NY Workers to Earn $15 Minimum Wage, Will US Economy Suffer?

PERI economist Jeanette Wicks-Lim debunks myths that raising the minimum wage will lead to job loss and higher prices for consumers  April 5, 2016

Growth is Useless Without Equal Economic Distribution

Robert Pollin of PERI challenges Paul Krugman's assertion that Sanders' economic proposals are unrealistic and questions conventional wisdom on economic growth  April 2, 2016

World Economic Situation: Serious Difficulties Call For Bold Measures

Dr. Yilmaz Akyuz, Chief Economist of the intergovernmental organization South Centre, says that the 2008 financial crisis may be moving in a third wave that could devastate the Global South  March 28, 2016

The Empire Files: Understanding Marxism and Socialism with Richard Wolff

To understand why Marx's popularity has stood the test of time, Abby Martin interviews renowned Marxist economist Richard Wolff. Watch more on teleSUR  March 21, 2016

Former Bush Treasury Official Agrees with Sanders on Breaking Up the Big Banks

Economist Gerald Epstein says President of Minneapolis Federal Reserve Neel KashKari's Support of Bernie's Banking Policy is Both Surprising and Welcome  March 1, 2016

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

Prominent Wall Street Whistleblowers Announce New Initiative

Bank Whistleblowers United held a kick-off conference Thursday where former high ranking officials outlined a proposal they would like to see each presidential candidate adopt  February 28, 2016

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

Sanders' Wall Street Tax Could Raise $300 Billion A Year

Robert Pollin, who authored the Inclusive Prosperity Act, says transaction taxes are common in many capitalist countries  February 18, 2016

Did Financial Giant Goldman Sachs Just Admit the System is Rigged?

Former financial regulator Bill Black explains why one of world's largest investment firms Goldman Sachs questioning the "efficacy of capitalism" and why its CEO is terrified of a Sanders presidency  February 5, 2016

Hollywood Glorifies Bankers, Ignores Unsung Whistleblowers

UMKC's Bill Black reviews the highlights and holes of the film The Big Short  February 8, 2016

China-led Asian Infrastructure Investment Bank Opens Without the US

Mark Weisbrot of CEPR says the institutions of global governance, especially the ones that have actual power, have historically been controlled by the United States - this bank marks a departure from that trend  January 15, 2016

Wage Pressures, Falling Commodity Prices Spell Trouble for the Global Economy

With no recovery in the Eurozone and the whole of Eastern Europe in trouble, greater turmoil in Asian economies could bring the world economy to a critical moment, says economist Heiner Flassbeck  January 15, 2016

China Faces Challenges Over Currency Valuation and Wages

Economist Rob Johnson says China is undergoing a major transition from an export-led economy to a domestic demand-led economy  January 12, 2016

Bernie Sanders Decries Lack of Wall Street Prosecutions

Former financial regulator Bill Black says it's important to reimplement the Glass-Steagall Act - but it's not enough to prevent another financial crisis.  January 6, 2016

How The Chinese Debt Bubble Led to the Stock Market Plunge

Johns Hopkins professor Ho-fung Hung says we are seeing a continuation of the stock market collapse from the summer of 2015, and executive measures to rescue the market can only create more trouble in the long run  January 4, 2016

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

$100 Billion in Tax Revenue Lost Every Year Due to Loopholes for Multinationals

On 60 minutes, Apple CEO Tim Cook says accusations of tax avoidance schemes are 'total political crap', but economist James Henry says it's unfair for corporations to simply wash their hands of having to share the costs of government  December 23, 2015

Why You Should Be Concerned by the Fed's Interest Rate Hike

PERI Co-director Gerald Epstein says while the interest rate hike is meant to demonstrate the growing strength of the US economy, it could actually end up slowing it down  December 17, 2015

Wealthiest 20 Americans Have More Wealth Than the Entire GDP of India

Josh Hoxie of the Institute for Policy Studies discusses the findings of his recent study on wealth inequality and comments on Mark Zuckerberg's 'philanthropy'  December 3, 2015

Vulture Capitalists Are the Real Winners of Argentina's Elections

Economist James Henry explains how the new conservative president will make vulture capitalists like Paul Singer turn a $43 million loan into a $1.5 billion return  November 27, 2015

Warren Investigation Finds Taxpayers Could Be on the Hook for $10 Trillion in Risky Derivatives

After Congress rammed through a 'cromnibus' spending bill last year that repealed parts of Dodd-Frank financial regulation, UMKC's Bill Black explains how with or without this repeal another Wall Street bailout is still a real possibility  November 16, 2015

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

New Research Says Income Inequality Worsened Under Fed's Quantitative Easing Policy

PERI's Gerald Epstein says monetary policy itself won't narrow the gap because weak unions, anti-union governments, low bargaining power of workers, and lack of access to credit for the poorest remain central problems  November 4, 2015

Who Benefits From Sovereign Debt Crises? (5/5)

Economist Jayati Ghosh continues her discussion of the 136-nation move to address sovereign debt in the context of global finance  November 1, 2015

Who Benefits From Sovereign Debt Crises? (4/5)

Economist Jayati Ghosh continues her discussion of the 136-nation move to address sovereign debt in the context of global finance  October 30, 2015

Who Benefits From Sovereign Debt Crises? (3/5)

Economist Jayati Ghosh continues her discussion of the 136-nation move to address sovereign debt in the context of global finance  October 29, 2015

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

Who Benefits From Sovereign Debt Crises? (2/5)

Economist Jayati Ghosh continues her discussion of the 136-nation move to address sovereign debt in the context of global finance  October 27, 2015

Who Benefits From Sovereign Debt Crises? (1/5)

Economist Jayati Ghosh discusses the 136-nation move to address sovereign debt in the context of global finance  October 26, 2015

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

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

Beyond Zero Interest Rate Policy: How the Fed Can Stimulate the Economy

Robert Pollin says the Federal Reserve has the tools to promote credit expansion for productive investment and create jobs for 22 million people  September 19, 2015

The Sky Is Not Falling? China's Stock Market Impact

Economist James Henry discusses China and its impact on global markets  August 26, 2015

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

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

Republican Rank-and-File Line Up Against Financial Regulation

Former financial regulator Bill Black mocks Republican claims of 'bigotry' against 'the success of CEOs'.  August 3, 2015

Nations Exposed To Risky International Debt Financing, Why & What's at Stake? (1/2)

We look into what governments really need to both finance transformative development and to deal with financial and debt crises.  July 29, 2015

Nations Exposed To Risky International Debt Financing, Why & What's at Stake? (2/2)

We look into what governments really need to both finance transformative development & to deal with financial and debt crises  July 29, 2015

BRICS Challenges the "Double Standard" of the West

Newsclick talks to Vijay Prashad about the Declaration of the 7th Summit of the BRICS countries held in Ufa, Russia.  July 13, 2015

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

Yellen Signals Interest Rate Hike, Will It Increase Inequality?

PERI's Gerald Epstein says the Fed needs to expand its toolbox to get finance to Main Street because raising interest rates will hurt workers.  July 12, 2015

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

Murdoch Among the Most Corrupt Oligarchs in the World

Bill Black Report: The Murdoch empire, including Rupert's son James, is riddled with scandals, corruption and bribery  June 12, 2015

Should Fed Taper QE If Banks Get Most of the Benefits?

UMKC professor of economics Michael Hudson explains how the bond-buying program helps keep interest rates low for everyday people but has also shored up bad mortgage loans of corrupt banks  June 15, 2015

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

Five Big Banks Plead Guilty to Rigging Currency Markets and No One Goes to Jail

TRNN Top Stories of 2015: James S. Henry say the $5.89 billion they are collectively required to pay in penalties won't even get at 3% of their annual earnings.  May 21, 2015

How to Use Economics and Not Be Used By Economists (6/6)

Economist Ha-Joon Chang explains the consequences of Neoclassical economics in a world where neoliberal economic policies prevail.  May 17, 2015

How to Use Economics & Not Be Used By Economists (5/6)

Ha-Joon Chang, author of Economics: The User's Guide, explains why we need the insights of Keynesian, Schumpeterian & Behavioralist Schools as alternatives to the Neoclassical approach  May 15, 2015

How to Use Economics & Not Be Used By Economists (4/6)

Economist Ha-Joon Chang explains how alternative approaches to economics can help us understand the whole economy in ways we would miss if only looking through the Neoclassical lens  May 13, 2015

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

How To Use Economics & Not Be Used by Economists (1/6)

Economist Ha-Joon Chang explains why the school of Neoclassical economics that rose in the 19th/early 20th century - now today's dominant school of economics - decided they wanted to be scientists.  May 10, 2015

Why UK Election is a Win-Win for Banksters

Former Financial Regulator Bill Black discusses how both Labour and Conservative parties have contributed to UK's regulatory race to the bottom  January 6, 2014

Investigative Report Finds World Bank Displaced 3.4 Million People (1/2)

Alnoor Ladha, executive director of The Rules, says it is time to examine the stated mandate of the World Bank, its true intent and the history of one oppression after another it has caused through structural adjustment policies  April 23, 2015

The Rich Get Richer If House Republicans Repeal the Estate Tax

Bill Black, a former bank regulator, discusses the history of why the federal estate tax exists and why the Republicans want it repealed  April 16, 2015

Whistleblowers: Citigroup Falsely Represented Up to 80% of Mortgages Sold to Fannie and Freddie in 2007

Richard Bowen and Sherry Hunt were reporting on the toxic scam and still there was no action from the DOJ, but now there is a small victory, says Bill Black, former financial regulator  April 6, 2015

Bankers Avoid Jail Time in Tax-Evasion Case

Bill Black says two Credit Suisse bankers who made a deal to avoid jail time are minor players compared to executives who faced no punishment at all  March 28, 2015

The Fed Sits on Interest Rates Waiting Greater Recovery

Professor Robin Hahnel of E3 Network says Yellen is acting in the public interest and does not want to derail slow and tepid recovery  March 20, 2015

Chile's Growing Corruption Scandal Underscores Need for Whistleblower Protections

Former financial regulator Bill Black reports on a corruption scandal embroiling Chile's conservative party and business executives  March 16, 2015

The Juncker Plan for Economic Recovery in Europe

Bill Black says once again the EU decides not to target investments to help nations It forced into great depressions  March 15, 2015

U.S. Workers Returning to Labor Force with Part-time Jobs and Stagnant Wages

Economist Richard Wolff discusses the latest unemployment figures and says the raising of interest rates by the Federal Reserve during a weak recovery would be disastrous for our heavily indebted society  March 8, 2015

Will Quantitative Easing Solve the European Economic Crisis?

Gerald Epstein, Co-Director of the Political Economy Research Institute, raises questions regarding the effectiveness of quantitative easing by the European Central Bank  February 23, 2015

Iceland's Supreme Court Upholds Jail Sentences of Four Banking Executives

Former financial regulator Bill Black explains how Iceland took down the banking executives responsible for wrecking the country's economy  February 23, 2015

The Rich Hide an Estimated 21 Trillion in Offshore Accounts

James Henry, author of "Pirate Bankers," says Swiss Banks like HSBC, Credit Suisse, and UBS facilitate offshore accounts and buy millions of dollars worth of influence in Washington  February 22, 2015

An Irish-Style Banking Inquiry into the 2008 Financial Crisis

Former financial regulator Bill Black discusses his recent testimony in Ireland and the challenges the country faces in acknowledging its financial crisis  February 27, 2015

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

Top Three Things to Know About Obama's Proposed Corporate Off-Shore Profits Tax

Economist James Henry says Obama's proposed 14 percent mandatory tax fails to shutdown tax dodging schemes and creates incentives for more tax dodging  February 3, 2015

President Obama in Saudi Arabia to Pay Respects to Former Friend and Ally King Abdullah

Toby Jones says King Abdullah of Saudi Arabia built an oppressive regime that violated human rights and cozied up to terrorism  January 27, 2015

Removing the Social Security Tax Cap Would Benefit Most Workers

CEPR's Nicole Woo says a phase-out of the tax cap could eliminate up to 80% of the projected shortfall in social security funding  January 20, 2015

House Passes Bill Further Weakening Financial Regulation

TRNN's Jessica Desvarieux looks at the key bill provisions benefiting Wall Street, and also examines the so-called opposition of Democratic lawmakers  January 15, 2015

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

Pensions of Union Workers Cut in Federal Budget

UMKC economics professor Michael Hudson discusses how Wall Street will profit as workers' pensions get slashed  January 2, 2015

DOJ Misses Another Opportunity to Go After Banks

Bill Black: Obama administration quietly gave a $57 million award to a whistleblower regarding the Countrywide and Bank of America mortgage scandal  December 21, 2014

42 Billion in Tax Breaks Favoring Corporations Extended

This is a Christmas present for the tax lobby and Washington insiders, hardly a way to encourage investments with tax incentives, says James Henry, Senior Economist for the Tax Justice Network  December 21, 2014

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

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

New Employment Figures in the Shadow of a Fragile Economy

Economist Richard Wolff says workers are returning to jobs with lower wages, fewer benefits, and less job security than they had before the financial crisis hit  December 2, 2014

Who Is in Charge of Development: The Elite or the Majorities? (2/2)

The conclusion of a conversation with UN economist Richard Kozul-Wright on the far-reaching impact of a lecture given by Ecuadorian President Rafael Correa on the politics of development  November 24, 2014

Who Is In Charge of Development: The Elite or the Majorities? (1/2)

Part 1 of a conversation with UN economist Richard Kozul-Wright on the far-reaching impact of a lecture on the politics of development given by Ecuadorian President Rafael Correa  November 21, 2014

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

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

$4.3 Billion Fine for Fraud in Exchange Market Manipulations is Pittance for Major Banks

This collective fine for big banks involved in exchange fraud represent less than 1/1000 of the daily transactions in the market says Bill Black, former financial regulator  November 14, 2014

Final Rule of Dodd-Frank Won't Address Incentives, Lax Regulation, or Size of Banks

Despite being a requirement of the 2010 Dodd-Frank Wall Street Reform law, the final rule designed to prevent large financial firms from becoming too big won't precent another crisis, says Gerald Epstein, professor of economics and a founding Co-Director of the Political Economy Research Institute  November 7, 2014

Wealth of Households and Poverty of its People

Household wealth has considerably fallen to 1998 levels for a majority of households says the Center for Economic and Policy Research Economist David Rosnick  November 7, 2014

The Financialization of Life (6/6)

Costas Lapavitsas speaks to an audience at The Real News about how finance controls the global economy  October 31, 2014

The Financialization of Life (5/6)

Costas Lapavitsas speaks to an audience at The Real News about how finance controls the global economy  October 27, 2014

The Financialization of Life (4/6)

Costas Lapavitsas speaks to an audience at The Real News about how finance controls the global economy  October 26, 2014

The Financialization of Life (3/6)

Costas Lapavitsas speaks to an audience at The Real News about how finance controls the global economy  October 24, 2014

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

The Financialization of Life (1/6)

Costas Lapavitsas speaks to an audience at The Real News about how finance controls the global economy  October 22, 2014

The Financialization of Life (2/6)

Costas Lapavitsas speaks to an audience at The Real News about how finance controls the global economy  October 22, 2014

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

Top 400 US Billionaires' Wealth Equals Brazil's GDP

Rob Johnson comments on the Forbes report that the top 400 billionaires own $2.29 trillion of wealth, up $270 billion over last year  October 8, 2014

The Lower Unemployment Rate is a Recovery - for the Top 10%

Economist Pavlina Tcherneva of Bard College explains why monetary policy that is directed at finance and not job creation has this effect  October 4, 2014

After Eric Holder Resigns, A Look at His Record on Bank Prosecutions

Former financial regulator Bill Black says Holder's legacy on "too big to fail" is "too big to jail"  September 25, 2014

The Federal Reserve Makes "Effort" to Rein in Big Banks

Prof. Gerald Epstein is skeptical about new Fed rules and the appointment of Federal Reserve vice chairman Stanley Fischer to head the Financial Stability Committee  September 16, 2014

FBI Targets Minority Communities in Mortgage Fraud Investigations

Former bank regulator Bill Black says Attorney General Eric Holder must stop targeting minorities and instead focus on the mortgage fraud of banksters  September 11, 2014

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

NY Bank's Alleged Redlining Has Roots in Government Practice

Former financial regulator Bill Black discusses the significance of a new lawsuit against Evans Bancorp that alleges the bank would not give loans to black neighborhoods  September 5, 2014

Sacramento Residents Found Not Guilty of Mortgage Fraud

TRNN regular contributor Bill Black discusses his role in a major legal victory in which lenders were found to have ignored gaping holes and blatant lies in loan applications  August 26, 2014

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

Deconstructing Fed Vice Chair's Grim Economic Forecast

PERI co-director Gerald Epstein discusses how Fed vice chair Stanley Fischer has ignored real solutions to improve the economy, like increasing wages  August 13, 2014

Capitalism Will Hit the Wall Again, Hard - Heiner Flassbeck on RAI (5/5)

Mr. Flassbeck says people must get politically engaged and find an alternative or we will face dictatorship because today's capitalism is out of answers  August 3, 2014

Racing to a Dead End - Heiner Flassbeck on Reality Asserts Itself (2/5)

Mr. Flassbeck, former head of UNCTAD, says current economic policy is heading back to the 1930s, a race to the bottom, they have no solution at all, we will end up again in trade wars or other wars  July 29, 2014

IRS Failing to Regulate Dark-Money Political Spending

Prof. Tom Ferguson discusses why IRS fails to investigate political spending by groups such as Karl Rove's Crossroads GPS  July 25, 2014

Reaganism and Thatcherism were Intellectually Dishonest - Heiner Flassbeck on Reality Asserts Itself (1/5)

Mr. Flassbeck, former director of UNCTAD, discusses growing up in a US dominated Germany and his opposition to the birth of neoliberal economics  July 25, 2014

Developing Countries' Commitment to Multilateralism in WTO a Stumbling Block for Lead Firms? - Faizel Ismail (3/3)

An eminent trade negotiator says developed and developing countries need to move away from the global value chains approach to trade to a more sustainable, very different view of production and job creation  July 23, 2014

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

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

What Is Shaping Global Production and US & EU Trade Policy? - Faizel Ismail (2/3)

An eminent trade negotiator explains the raison d'etre of the global value chain approach to trade and its rise to prominence in the WTO  July 23, 2014

What is the Doha Round and How Many Livelihoods Hang in the Balance? - Faizel Ismail (1/3)

An eminent trade negotiator explains the global value chain approach to trade and gives a first hand account of negotiating the WTO Doha Development Agenda  July 22, 2014

Dodd-Frank Still Not Fully Implemented Four Years Later

Gerald Epstein says that a fully-implemented Dodd-Frank Act does not require a breaking up of the big banks, which is needed to prevent another financial crisis  July 21, 2014

BRICS: Progressive Rhetoric, Neoliberal Practice

Patrick Bond: All the governments behind the New Development Bank practice intense neoliberalism  July 18, 2014

Uber: Cheap Ride Alternative or Death Knell for Cabbies?

Longtime taxi driver advocate Nathan Price argues that because Uber is not subject to the same regulations and taxes, its lower prices are destroying the livelihoods of taxi drivers  July 29, 2014

Who Is the Unsung Hero of the $7 Billion Citigroup Settlement?

Bill Black says that a just settlement would include criminal prosecution of senior Citigroup officials who led the fraud and covered it up  July 15, 2014

Imagining Economic Policy Focused on Women

Robert Johnson says that policy focused on addressing inequality and the well-being of women would provide direct benefits to the economy  July 9, 2014

BNP Paribas Fine Shows Financial Crime Still Pays Big-Time

Bill Black: Federal regulators remain the leading opponents of vigorous prosecutions  July 1, 2014

Why Did Economy Shrink So Dramatically During the First Quarter of 2014?

Robert Pollin: Five years after the Great Recession, austerity as the dominant policy agenda is keeping the recovery weak  June 26, 2014

Ugly Money Politics - Robert Johnson on Reality Asserts Itself (8/8)

Mr. Johnson says politicians dependent on campaign contributions from the wealthy are allowing finance to bankrupt Detroit and cities across the country  June 17, 2014

Has Capitalism Lost the Ability to Reform Itself? - Robert Johnson on Reality Asserts Itself (7/8)

Capitalism is not rebalancing; the yearnings and desires of large portions of society are not being responded to  June 16, 2014

A Civilized Critic of Savage Behavior - Robert Johnson on Reality Asserts Itself (6/8)

Mr. Johnson says the compulsive pressure of money in politics has led to an abandonment of rules other than rules which transfer risk onto the back of the public  June 15, 2014

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

Heads, Finance Wins, Tails, Society Loses - Robert Johnson on Reality Asserts Itself (5/8)

Mr. Johnson says TARP was an abomination; finance controls government and uses it to cover its losses  June 13, 2014

How We Broke the Bank of England - Robert Johnson on Reality Asserts Itself (4/8)

Mr. Johnson says, "I used to tell my dad, if I'm fortunate enough to see St. Peter and get through the gate, I'm not going to get in because I helped knock off the British pound"  June 12, 2014

Finance Is Building the Architecture of Their Own Rules - Robert Johnson on Reality Asserts Itself (3/8)

On Reality Asserts Itself, Mr. Johnson says the scale of the political investment of finance - six, seven hundred million dollars - is overwhelming. With the political power of finance, do we still have a democracy?  June 10, 2014

Reaganomics Was Crazy - Robert Johnson on Reality Asserts Itself (2/8)

Mr. Johnson says the idea that you were going to cut taxes massively and this was going to lead to a growth in revenue and close the deficit was silly  June 9, 2014

D-Day Set the Stage for the Rebirth and Reorganization of Global Capitalism

Leo Panitch: Planning for the assimilation of postwar Europe into US-managed capitalism began in the late 1930s  June 5, 2014

Is the U.S. Headed toward Another Recession? - TRNN Webathon Panel

Economists Dean Baker from CEPR and Robert Pollin from PERI say that the U.S. economy remains weak 5 years after the recession despite recent job growth, due to low wages and weakened unions  June 4, 2014

Confronting Financialization on Steroids - Costas Lapavitsas on Reality Asserts Itself (8/8)

Mr. Lapavitsas says we must deeply reverse financialization and take on private ownership of banking and other critical sectors  June 1, 2014

40% of Profits Buys A Lot of Politicians - Costas Lapavitsas on Reality Asserts Itself (6/8)

Mr. Lapavitsas says that during the financial crisis the power of the state was mobilized to save finance  May 28, 2014

Is Financialization Necessary for a Modern Economy? - Costas Lapavitsas on Reality Asserts Itself (5/8)

On Reality Asserts Itself, Mr. Lapavitsas says modern capitalism requires financialization, but productive growth in the interests of the majority of people does not  May 27, 2014

The Financialization of Big Business - Costas Lapavitsas on Reality Asserts Itself (4/8)

Mr. Lapavitsas says that capitalists have learned how to make huge profits without producing anything useful  May 25, 2014

Saving American Cities

Robert Pollin: If the Fed was serious about strengthening the basic economy, it would bail out American cities  May 22, 2014

Canadian Securities Regulators Moving Ahead with US-Style No-Contest Settlements

Dimitri Lascaris: Canadian regulators are planning to implement no-contest practices that US judges are criticizing  May 22, 2014

5 Things You Need to Know about Credit Suisse's Criminal Charge

Tax expert James Henry says the Credit Suisse settlement is not a real victory for citizens looking to hold bankers accountable  May 20, 2014

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

Pfizer Offers To Buy Foreign Corporation In Order To Avoid Paying More Taxes

Steve Wamhoff of Citizens for Tax Justice discusses how Pfizer avoids paying taxes and what can be done to reform corporate tax laws  May 15, 2014

Piketty: The Market and Private Property Should Be The Slaves of Democracy

TRNN Producer Lynn Fries hosts an extended interview with Thomas Piketty about his widely acclaimed Capital in the 21st Century  May 15, 2014

Why Democrats Are Paying Attention to Piketty's Book on Inequality

Thomas Ferguson: The increasing popularity of French economist Thomas Piketty's book points to how Democrats hope to make inequality a political issue in November elections  May 13, 2014

Does a Higher Minimum Wage Cost Jobs?

Bob Pollin and Anthony Davies debate whether a higher minimum wage means less jobs for young people entering the employment market  May 7, 2014

No Evidence Justice Dept. Will Prosecute U.S. Banks Responsible for Financial Crisis

Bill Black: Although Attorney General Holder says no bank is too big to prosecute, the Justice Department will be going after foreign banks instead of making an example of the leadership behind the financial crash  May 6, 2014

Big Banks Caught Red Handed but Continue to Avoid Prosecution

Bill Black: Despite a government accountability office investigation uncovering new evidence of illegal robo-signing, authorities still striking deals instead of locking up wrongdoers  May 2, 2014

Is Thomas Piketty Right About the Causes of Inequality?

Economist Michael Hudson discusses the popularity of French economist Thomas Piketty's recent book and says his work fails to link the financialization of the economy to the ascent of the 1%  April 28, 2014

New Law Requires Swiss Banks to Report Customers Evading Tax

Bill Black: Swiss banks have notoriously kept customers' finances secret but European Union law will challenge that structure  April 23, 2014

CBO Report Confirms U.S. Deficit Back to Normal Level

Robert Pollin: Deficit hawks were wrong about America's normal level, Congress should pass a financial transaction tax and not more cuts to social spending  April 18, 2014

The Savings and Loan Crisis Demonstrates the Importance of Glass-Steagall

Bill Black: When remembering recently passed away Charles Keating,a key architect of the S&L Crisis, we are reminded of the importance of the Glass- Steagall Act of 1933  April 16, 2014

Raising Big Banks' Leverage Ratio Good, But Not Nearly Enough

Forcing big banks to increase capital on hand will make another taxpayer bailout less likely, but it's still business as usual for Wall Street  April 11, 2014

IMF Will Address Global Inequality, Says Managing Director Christine Lagarde

Deborah James: Inequality is unlikely to be addressed or achieved through existing IMF policies  April 11, 2014

Charles Keating, the Financier Behind the Savings and Loan Scandal, Dies at 90

Bill Black: While Wall Street executives responsible for the subprime mortgage crisis were never indicted, Charles Keating was criminally prosecuted for the 1980s Savings and Loan scandal  April 2, 2014

The European Central Bank's War on Wages is Pushing Europe's Economy to the Brink

Bill Black: The media has failed to report on the causes and possible solutions for Europe's deflating economy  April 2, 2014

Yellen Talks the Talk But Will She Walk the Walk?

Robert Pollin: Janet Yellen distinguished herself in her first speech but it remains to be seen if she will change the policies of the Federal Reserve  April 1, 2014

Too-Big-To-Fail Advantage Remains Intact For Big Banks

PERI Economist Gerald Epstein says U.S. banks won't be able to endure another shock to the global economy, and expect to be bailed out when the next crisis hits  March 26, 2014

How the Ecuadorian Economy Grew in a Global Recession

Economist Bill Black discusses how the investment in education, healthcare, and infrastructure fueled Ecuador's economic "miracle"  March 24, 2014

Breaking: Fast Food Workers Stage Nationwide Protest Against Wage Theft

A photo slider courtesy of Low Pay is Not OK and MassUniting  March 18, 2014

Protesters Hit the Streets of Brooklyn to Demand $15 Minimum Wage

Report on living wage activism, produced by Jenna Pope.  March 17, 2014

Will Tipped Workers Get Excluded Again From Minimum Wage Hike?

Federal tipped workers' $2.13 hour wage hasn't been raised since 1991, but will the Harkin-Miller bill be enough of a raise?  March 14, 2014

Congressional Progressive Caucus Budget Strikes Back Against Austerity

Robert Pollin: The Congressional Progressive Caucus's budget would increase spending on education, healthcare and the green economy while rolling back cuts against social services  March 19, 2014

Obama's Budget Cuts Millions From Financial Regulatory Agency

Jerry Epstein: President Obama's budget would slash the Commodity Futures Trade Commission budget to about $200 million, which will make regulating the $400 trillion derivatives market even more challenging  March 7, 2014

US Postal Service Inspector General Proposes Launching Low-Fee Public Bank

Mike Konczal: A public option for banks will dramatically improve and help regulate the financial services industry.  March 4, 2014

Swiss Bank That Facilitated U.S. Tax Evasion Continues To Avoid Prosecution

Bill Black: Although Credit Suisse helped ultra-wealthy Americans evade taxes, the bank will face no prosecution due to Swiss bank secrecy laws and a heedless U.S. Justice department  February 27, 2014

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

Wage Shares Fall in the US, Germany and Many Other Countries While Financial Shocks Hit Emerging Economies - Yilmaz Akyuz (2/2)

Economist, Yilmaz Akyuz on US & European crisis mismanagement and global imbalances.  February 21, 2014

Will $10 Minimum Wage Get All Working Americans Out of Poverty?

The Real News does the math with a single mother, who works for McDonalds, to find out if a potential wage increase will keep up with her cost of living  February 21, 2014

Why Is The 2008 Crisis Taking So Long To Resolve? - Yilmaz Akyuz (1/2)

Economist Yilmaz Akyuz on how excessive reliance on the US Federal Reserve created more problems than it has solved  February 19, 2014

Deficit Is Falling Because Of Government Austerity, Not Economic Recovery

Economist Stephanie Kelton says there is no long-term debt or deficit problem in the United States  March 2, 2014

Speculators Are Buying Up Vacant Properties With Mixed Results For Cities

Bill Black: As private equity and investment firms purchase vacant properties, it's leading to the restoration of homes and a decline in vacancy, but also causing a decline in tax revenue in some cities  February 15, 2014

Economics of the 1%: Devastating Democracy for the 99% - John Weeks (3/3)

John Weeks: Neo-liberal economics has concentrated tremendous political power in the hands of corporations and the elite and has had serious ramifications for democracy  February 12, 2014

The Economics of the 1%: Deficit Disorders and Debt Delirium (2/3)

John Weeks: A fundamental misconception of neoliberal economics is that governments need to balance their budgets like a household  February 12, 2014

Yellen's Tapering of Quantitative Easing Disruptive at Home and Abroad

Janet Yellen's first congressional testimony affirms that the Fed will continue to implement policies harmful to emerging markets, and will not address structural causes of inequality in the US  February 14, 2014

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

Inequality is Declining in Latin American and Sub-Saharan Countries

Policy measures and increased Chinese demand for minerals have respectively led to a narrowing of inequality in Latin America and sub- Saharan Africa, while inequality has risen in the former Soviet countries and Asia  February 17, 2014

The Economics of the 1%: Neoliberal Lies About Government (1/3)

John Weeks deconstructs a central tenet of neoliberal ideology: vilification of the government's role in the economy  February 5, 2014

Tapering of Quantitative Easing Is Throwing Emerging Markets into Chaos - And Big Banks Are Getting Richer

Despite no real economic recovery, the Fed is winding down quantitative easing, throwing developing countries' economies into chaos  February 4, 2014

Danger of Global Recession After 30 Years of Neoliberal Counterrevolution - Flassbeck (3/3)

Heiner Flassbeck, former director of UNCTAD, says the pressure for even lower wages, the crisis in emerging markets and deflation in Europe means a slide into global recession is possible  February 2, 2014

Finance is Super Rational about Profits, Irrational about Global Economy - Flassbeck (2/3)

Heiner Flassbeck, former director of UNCTAD, says the "market" is good for making high profits from international exchange rates; the only rational solution for a healthy economy is take exchange rates away from the market  February 2, 2014

North American Day of Action Against The TPP

Maryland Joins Continent-Wide Protests Against the Trans-Pacific Partnership and Unjust Trade: Journalist and activist Cassidy Regan  February 1, 2014

Krugman is Wrong About the Market and Hot Money - Flassbeck (1/3)

As "hot money" wreaks havoc around the globe, Heiner Flassbeck, former director of UNCTAD, says economist Paul Krugman continues to have faith in the market to establish exchange rates  January 31, 2014

Why is the Fed Pushing Interest Rates Higher?

Gerald Epstein: The big banks will benefit from higher interest rates in emerging markets but this does not benefit the US economy.  January 29, 2014

Emerging Market Financial Crises Raise Concerns About Another Global Recession

Bill Black: A rise in inflation in emerging markets like Argentina is causing a state of panic over the future health of the global economy  January 28, 2014

European Officials Pushing Austerity in Spain to Boost Corporate Profits By Repressing Unions and Wages

Bill Black: International Monetary Fund and European Central Bank are pushing countries to accept a pro-corporate agenda that entails pushing down workers' wage across Europe  February 5, 2014

NC Republicans Raise Taxes on Working Families While Giving Huge Tax Breaks to Millionaires and Corporations

Bill Black: NC drops progressive tax code by instituting a flat tax and eliminating earned income tax credit  January 15, 2014

75 Economists Including 7 Nobel Laureates Endorse Senate Bill to Raise Minimum Wage

$10.10 an hour minimum wage increase shows an improvement but is still not a living wage, which would be twice the poverty rate at $12 an hour  January 14, 2014

JP Morgan Will Not Be Criminally Prosecuted for Its Role in Madoff's Ponzi Scheme

JP Morgan served as the principal bank for Bernie Madoff, causing losses of $20 billion, yet they will pay only $2.6 billion in settlement charges  January 7, 2014

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

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

Federal Judge Hammers Justice Department for Not Prosecuting Wall Street Executives

Bill Black: Federal judge Jed Rakoff criticized the Justice Department's failure to prosecute Wall Street executives for the financial crash, saying high-level government officials fear that they too may be revealed as bearing some responsibility  December 23, 2013

Bipartisan Budget Deal Secures Austerity Policies, Fails to Extend Unemployment Benefits

Ryan-Murray bipartisan budget deal would not extend unemployment insurance for 1.3 million Americans, while maintaining $100 billion a year sequestration cuts after 2015  December 12, 2013

Bill Black: Volcker Rule Approved But "Not Enforceable"

Former financial regulator Bill Black says 863-page Volcker rule will allow banks to continue their risky financial derivative bets by claiming speculation is mere hedging.  December 11, 2013

Pope Francis Labels Capitalism "New Tyranny", But Is It More Than Rhetoric?

Matthew Fox and Luke Hansen discuss Pope Francis' recent anti-capitalist rhetoric and whether there will be any changes to the church's economic practices  December 11, 2013

Barbados Faces Debt Crisis as an Offshore Tax Haven

James Henry: Canadian companies use Barbados as a tax haven to reduce their taxes from 24 percent to 2.5 percent, leaving Barbados with revenue shortage  December 4, 2013

How the Working Class Can Fight Corporate Giants pt2

Leo Panitch: In light of increasing low-wage worker protests, organized labor needs to shift its focus to class unionism, which encourages worker solidarity across industries  December 3, 2013

How the Defeat of Trade Unionism Gave Rise to Low-Wage Jobs

Leo Panitch: Giant corporations like Wal-Mart actively suppress unionization among workers  December 3, 2013

Pope Denounces 'A New Tyranny' of Markets, But Will Trade Ministers at Bali?

C. Raghavan on why 99% of people in both developing & advanced economies including the US & EU, need trade ministers of developing countries to rebut the US-EU led agenda at the 9th WTO Ministerial  December 3, 2013

Economist: Record High Stock Prices Driven by Squeezing Workers' Wages

Gerald Epstein: The media celebrates Dow 16,000, but the vast majority of stocks are owned by the top 1%  December 2, 2013

Hot Money & Cross Border Finance: The Example of Iceland, Part 2. Post Crash to Present Dilemma

Treacherous future still ahead? A look into why the Icelandic government imposed controls over movement of international funds across its borders & its current negotiations to lift those capital controls  November 28, 2013

Documents in JPMorgan settlement reveal how every large bank in U.S. has committed mortgage fraud

Bill Black: Justice Dept.'s failure to understand pervasive schemes of fraud in financial industry obstructs meaningful prosecution of banks  November 26, 2013

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

Wikileaks Exposes the TPP as a Capitulation to Corporate Interests

Kevin Zeese: Obama administration's Fast Track authority plan derailed by bipartisan outrage.  November 14, 2013

Three Million More in Poverty than Previously Estimated

Census reveals new poverty figures near 50 million.  November 14, 2013

Fossil Fuel Industry Receives $500 Billion in Subsidies by Governments Worldwide

Taxpayers in richest countries pay $112 to subsidize oil, gas, and coal companies.  November 11, 2013

First Wall Street Criminal Confession in a Generation...Still No One in Jail

Bill Black: SAC Capital Advisors pleads guilty to insider trading, but owner Steven Cohen has yet to face criminal prosecution.  November 4, 2013

House Passes Deregulation Bill Written by Citigroup

Bill Black: Both parties support Wall Street's effort to deregulate derivatives  October 31, 2013

Support for Robin Hood Tax Growing, but Majority of Democrats Not On Board

Robin Hood tax supporters National Nurses United, economist Jeffrey Sachs, and European Parliament VP tell Congress to support "no brainer" tax on Wall Street  October 31, 2013

Fmr. Goldman Sachs Trader Supports Robin Hood Tax As A Way to Move Away from Financialized Economy

Wally Turbeville: Robin Hood tax will mitigate problems of Wall Street's trading behavior and move us towards creating jobs through manufacturing, innovation, and infrastructure  October 24, 2013

Adjunct Professors Join National Fight for Better Pay and Benefits

Adjunct professors represent 75% of college instructors. This week, they are organizing events in 25 states.  October 23, 2013

Justice Department Misrepresents JP Morgan Settlement

The DOJ gives up the ability to prosecute JP Morgan  October 22, 2013

German Exporters Benefit from European Austerity

Austerity reduces the value of the Euro which helps German exporters  October 21, 2013

NY Federal Reserve Examiner Fired After Submitting Critical Report of Goldman Sachs - Extended

Superiors told Carmen Segarra to change her report. When she refused, they fired her.  October 18, 2013

Federal Reserve in Uncharted Territory

Global Economist, Yilmaz Akyuz, on the Crisis of Financial Crisis Management.  October 17, 2013

NY Federal Reserve Examiner Fired After Submitting Critical Report of Goldman Sachs

Superiors told Carmen Segarra to change her report. When she refused, they fired her.  October 16, 2013

Economist: There is no debt crisis

The debt crisis is contrived.  October 15, 2013

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

Economist: "There's Absolutely Nothing Resembling A Debt Crisis In The US"

Interests payments on US debt are at an historic low.  October 1, 2013

Trade in Services Agreement Moves Forward, But How Will It Affect Consumers? Pt.1

Deborah James: The proposed trade agreement TISA would prohibit governments from being able to regulate the service industry  September 25, 2013

Wall Street's Latest Scheme Will Cost You More at the Gas Pump

The EPA allows banks to speculate on ethanol credits which drives up prices 20-fold  September 24, 2013

Pt. 2 What Needs To Be Done To Fix The Global Economy

Patrick Bond: For a recovery to occur, national governments must assert economy sovereignty  September 18, 2013

Pt. 1 BRICS Countries Beset By Economic Problems

Patrick Bond: Slow growth and inflation are taking a toll in developing countries  September 18, 2013

Why didn't OWS transform into a political movement?

Two years later, author & journalist Nathan Schneider takes a look at concrete victories and missteps of the Occupy movement  September 13, 2013

Five Years After Lehman Brothers Fall, Big Banks Even Larger

In contrast to workers and homeowners, banks fully recover from the financial crisis.  September 12, 2013

Wall Street Banks Obtain Market Data Ten Minutes Before Everyone Else

A news scandal shows the markets are rigged  September 12, 2013

Five Years After Lehman Brothers Fall, Big Banks Even Larger Pt. 2

In contrast to workers and homeowners, banks fully recover from the financial crisis.  September 12, 2013

Unprecedented Inequality: The Top 1 Percent Captured 95% of the Income Gains Since 2009

Salvatore Babones: The economy is growing, but most workers are left behind  September 11, 2013

The Next Federal Reserve Chair will Decide the Fate of Dodd-Frank

Gerald Epstein: Larry Summers is the chief architect of the financial crisis and should not be chief regulator of the financial system  September 9, 2013

Why Larry Summers Track Record of Failure Actually Helps His Fed Nomination

Bill Black: Larry Summers theory of finance: banks are too brilliant to fail and regulators are idiots.  September 5, 2013

G-20 Offers Weak Proposals To Stop Corporate Tax Dodging

James Henry: More action needed to stop corporations from skirting $200-300 billion per year in taxes.  September 4, 2013

Wall Street Journal Considers Zero Prosecutions of Banks Excessive

The department of Justice claims they are cracking down on bank fraud but they are mostly imposing fines and targeting small fish  August 29, 2013

Trade & Investment Rules Facilitating What, for Whom?

Vijay Prashad: People who own things have disproportionate economic power in society. We've made it impossible to create economic power for workers.  August 29, 2013

Trade & Investment Rules Facilitating What, For Whom?

Vijay Prashad: Allowing big firms to enter your country to modernize agriculture is very dangerous because essentially you are losing sovereignty over your food. Part 3 of 4  August 29, 2013

Wall Street Eager to See Larry Summers Nominated Fed Chair

Summers likely to be next Fed chair not despite failures but because of them  August 27, 2013

Revealed: Potential Fed Chair Summers At Heart of Global Economic Crisis

Greg Palast: Secret memo reveals Larry Summers involved in deal that helped setup the global economic crisis  August 26, 2013

North South Trade Negotiations: The relationship between trade rules and the operations of multinational corporations

Vijay Prashad: Trade rules should be about closing the gap between current wants and the ability of the planet to sustain or fulfill those wants not about increasing volumes of new wants. This is an ecological nightmare. Part 2 of 4  August 26, 2013

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

FBI Partners with Banks and Blames Mortgage Fraud on Poor Borrowers

Instead of prosecuting banks for mortgage fraud, the Department of Justice is working with them.  August 20, 2013

The Government is Finally Arresting Wall Street Bankers...For Losing Wall Street's Money

The Dept. of Justice will let JP Morgan's London Whale off the hook while prosecuting low-level traders.  August 14, 2013

The US Has Lowest Minimum Wage and Most Young People Without Jobs Among Wealthiest Countries

Over 100 economists sign petition to raise the minimum wage  August 13, 2013

Instead of Recovery British Economy Shows Signs of Stagnation

John Weeks: "British Press tries to vindicate austerity and budget cuts as "signs of economic recovery."  August 11, 2013

TRNN REPLAY: Australia Has $16 Minimum Wage and is the Only Rich Country to Dodge the Global Recession

Australia has twice the minimum wage as the US and Big Macs cost roughly the same  August 9, 2013

Bank of America Escapes Criminal Charges for Securities Fraud

Bill Black: Bank of America facing civil charges but BOA and other major financial fraudsters off the hook from criminal charges  August 8, 2013

Company Responsible for Deadly Oil Train Crash Says It Won't Pay, TransCanada Pushes Pipeline Deal

Yves Engler: Tragedy in Canadian town turns into an opportunity for some to argue that pipeline transport is safer, when the real argument should be against an oil-driven economy  August 1, 2013

Michigan Leads Nation in Massive Corporate Tax Breaks (The Untold Story of Detroit's Decline)

A new study of state subsidies for corporations over a 30-year period reveals cost of $456,000 per job  July 31, 2013

Why the Right Should Support the Return of Glass-Steagall

Bill Black: Glass-Steagall prevented a classic conflict of interest that any side of the aisle can blatantly see  July 17, 2013

Revealed: Banks Rewarded and Blacklisted Appraisers to Artificially Inflate Real Estate Prices

Thousands of appraisers warned Washington regulators of fraud during the seven years leading up to the housing crash  July 11, 2013

Low-Income New Yorkers Pay Higher Rent - Billionaires Receive Massive Tax Break for Luxury Condos

Two decisions by the NY State Legislature and Rent Guidelines Board will deepen gentrification in NYC  July 10, 2013

Mismeasuring Our Economy: Why the GDP is Not Useful

The GDP is the most commonly cited economic metric but it doesn't tell us what we need to know  July 8, 2013

Caught On Tape: Irish Bankers Laugh About Never Repaying Bailout

Bill Black: Tapes reveal Anglo Irish Bank executives laughed as they manipulated Irish Government into 16 billion dollar bailout the knew they would never repay  July 3, 2013

GAO Finds US Companies Only Pay One-Third of Corporate Tax Rate

CEOs claim the US has the world's highest corporate tax rate, but they actually pay less than most workers  July 2, 2013

Former Top Regulators Tell Congress to Rein in Big Banks

Three former financial regulators testify to the House Financial Services Committee in support of reinstating Glass-Steagall legislation and addressing Too Big to Fail Banks.  June 27, 2013

The Paradox of the Creditor Debtor Relationship - Germany the Debtor Nation

Dr. Heiner Flassbeck: The debtor has to come back to a situation where they are able to earn money  June 26, 2013

The Paradox of the Creditor Debtor Relationship - Germany the Creditor Nation

Dr. Heiner Flassbeck: Germany is asking debtor countries to repay their debts but at the same time preventing them from doing it  June 30, 2013

Fewer Adults Are Working Than Anytime Since 2001

Unemployment is falling, but the fastest growing job markets offer low pay  June 24, 2013

Ex-Employees Say Bank of America Rewarded Fraudulent Foreclosures

Bill Black: Bank of America and other financial giants undeterred by Obama Admins weak oversight and enforcement of industry  June 20, 2013

Wall Street Getting Rich At Expense of Farmers and the Poor

More protections needed to safeguard the health of the global food and farming system  June 18, 2013

Obama Fails to Reappoint Serious Regulator to CFTC

Bob Pollin: If President Obama was serious about regulation and closing the income gap, he would have reappointed Gary Gensler.  June 17, 2013

Bank Profits Soar, Wages Suffer Sharpest Decline in 60 Years

Bill Black: The economy is recovering - unless you work for a paycheck.  June 6, 2013

Investing in Schools Creates More Than Twice as Many Jobs as Military Spending

Bob Pollin: Education spending is the best job creator - so why are local and state governments firing teachers and closing schools?  June 6, 2013

Why Aren't the 50% Living in Poverty Protesting in the Streets?

Paul Buchheit PT2: Poor Americans are angry but so far don't think there is much they can do about their situation except find some individual solution  June 3, 2013

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

$6 Billion Money Laundering On-line Business Operated with Impunity

Bill Black: Operation involving drug money carried on for almost a decade before being charged; much bigger crimes on Wall St. go unpunished  May 29, 2013

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

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

Apple Achieves Holy Grail of Tax Avoidance

Bill Black: Senate questions CEO Tim Cook how company earned $30 billion in 'international' profits while paying zero taxes  May 22, 2013

Does Austerity Increase Inflation?

Stephanie Seguino: By weakening the social safety net austerity policies actually increases the cost of production  May 22, 2013

JP Morgan/Chase Shareholders Meeting to Vote on Demoting Chairman Jamie Dimon

Jennifer Taub: Fight over resolution making CEO Dimon give up board chairman's job shows what an oxymoron "shareholder democracy" is; concentration of power is extreme in the worlds biggest bank  May 20, 2013

Banks Win Big as Regulators Refuse to Rein in $700 Trillion Derivatives Market

Bill Black: Weakness of financial regulators shows you can not "tame the scorpion"  May 17, 2013

Obama says Economy Poised for Progress - Is It?

Bill Black: Pres. Obama cannot expect growth in the economy when he continues the policies of austerity  May 10, 2013

Taxing Corporate Profits will Force Investment

Heiner Flassbeck: Corporations are sitting on mountains of cash and are unwilling to invest in the real economy - only high taxes on profit will make them do so  May 6, 2013

Systemic Malfunctioning of the Labor and Financial Markets

Dr. Heiner Flassbeck: Government has to step in and correct the imbalances of low wages and unregulated financial markets or a deeper recession and crisis is inevitable  May 6, 2013

Apres Moi, Le Deluge - Make Money Now To Hell With Tomorrow

Dr. Heiner Flassbeck: We're in worse shape now than in 2008 because at least then there was hope governments would face up to the situation  May 6, 2013

Pollin Responds to Reinhart and Rogoff; Cuts Deepen and Stock Market Soars

Bob Pollin: NYT Op-ed defending study repeats errors; theoretical basis for austerity has been exposed yet massive cuts in public spending continue  May 6, 2013

Guantanamo Hunger Strike Forces Debate About Detention

Michael Ratner: Just when it seemed the illegal detention of prisoners at Guantanamo was off the radar, hunger strikers took control of their own destiny  May 2, 2013

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

US Lets Swiss Banks, Accused of Aiding Tax Fraud, Avoid Prosecution with Fines

James Henry: Swiss banks are negotiating fines to avoid prosecution, while billions of dollars continue to be hidden away from taxes  April 24, 2013

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

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

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

Senate Immigration Bill: More Militarization of the Border, No Real Path to Citizenship

Isabel Garcia: New legislation will increase deportations, beef up police while worker status will help provide cheap labor for businesses but make citizenship almost impossible to attain  April 18, 2013

People of the South to the North: Will You Face Up to Climate Catastrophe?

Martin Khor (Executive Director of the South Centre): Advanced countries of the North must cut emmisions in ratio to the amount they have polluted and facilitate transfer of green technology to the South or humanity will face calamity  April 18, 2013

28-year old PhD student debunks the most influential austerity study

New study refutes Reinhart and Rogoff analysis that underpins austerity policy around the world; shows no relation between debt and lack of growth  April 17, 2013

Video Game and Tax Day Actions Target Corporate "Tax Evaders"

Nicole Tichon and Gan Golan: By projecting a Tax Evader video game on the side of banks and big corporate buildings, actions aim to focus public attention on banks and big companies that pay low to no taxes  April 15, 2013

Big Commodity Traders Pocketed $250 Billion Profit

Gerald Epstein: New FT investigation says big commodity traders earned more profit than banks or auto  April 15, 2013

Obama Social Security Reform Ignores Data on Actual Living Standards of Seniors

Teressa Ghilarducci: The "chained" CPI ignores research that shows senior's costs are going up as they get older and women are most affected  April 11, 2013

401(k) and the Financialization of Retirement

Teresa Ghilarducci: The whole 401K structure has a fatal flaw and older workers are going into retirement with not enough money to maintain their living standards  April 11, 2013

52% of Americans Favor Legalization of Marijuana

Neill Franklin: While 45 percent of Americans oppose legal marijuana, 70 percent think enforcing federal drug laws is a waste of money  April 28, 2013

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

Obama Budget Plans on Replacing USDA Poultry Inspectors with Industry Self Regulation

Tony Corbo: Plan will put our food supply at risk in a move that will increase profits of poultry producers and save only 90 million dollars over three years  April 10, 2013

Obama Sends Lew to Europe Preaching Growth While Practicing Austerity at Home

Bill Black: Treasury Secretary Lew tells Europe to ease up on austerity while Obama makes major cuts at home  April 10, 2013

Under Thatcher, the Poor Became Poorer

John Weeks: Thatcher and Reagan set out to crush the union movement and assert the power of capital  April 8, 2013

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

Thatcher Gave More Power to Finance

Michael Hudson: Thatcher deregulated banking and made London the center of speculation and financialization  April 8, 2013

Full Transparency Needed to Close Down Tax Havens and Massive Fraud

James Henry: Global tax revenue lost to tax havens is between USD $190 billion and $255 billion per year, assuming a 3% capital gains rate and a 30% capital gains tax rate  April 14, 2013

Obama Fully Embraces Austerity with Cuts to Social Security and Medicare

Bob Pollin: Costs of Social Security and Medicare have nothing to do with rise in fiscal deficit  April 8, 2013

Investigation Reveals Trillions Hidden in Tax Havens

Bill Black: An international collaboration of investigative journalists has released the names of wealthy individuals stashing as much as three times the American GDP in tax havens  April 4, 2013

TRNN REPLAY: Investigation Reveals Trillions Hidden in Tax Havens

Bill Black: An international collaboration of investigative journalists has released the names of wealthy individuals stashing as much as three times the American GDP in tax havens  April 4, 2013

High Unemployment Due to Lack of Demand, Not Lack of Skills or Education

Jesse Rothstein: Low wages and lack of purchasing power the real structural problem, skills training and more education is not the critical solution  April 3, 2013

Sen. Warren and End of the Minimum Wage Debate

Jeannette Wicks-Lim: Research shows that a rise in the minimum wage does not cause job loss; Sen. Elizabeth Warren questions food industry reps who claim it does  April 1, 2013

Recession Good for Profits

Gerald Epstein: Low wages and interest rates create rocketing profits and stock markets  April 1, 2013

Everyone but China TPP Trade Deal Threatens Sovereignty and Public Ownership

Margaret Flowers and Kevin Zeese: Obama led trade initiative Trans Pacific Partnership aims to isolate China while strengthening corporate legal rights  March 29, 2013

Gender Wage Gap is Shrinking - Male Wages are Going Down

Bill Black: Male workers wages are going down which makes gap appear smaller; in higher incomes levels gap is getting wider  March 28, 2013

New SEC Head Once Acted for Wall St Wonder Boy Dimon

Dimitri Lascaris: New director of SEC was a Wall St. defense attorney who will now regulate former clients  March 28, 2013

Youth Will Pay the Price of Austerity

Pt2. Stephanie Seguino: Elites profit from "smaller" government while youth unemployment soars  March 27, 2013

Stagnant Wages and Speculation Triggered the Crisis

Pt1. Stephanie Seguino: Blacks, Hispanics, and single mothers have much greater loss of income since crisis, triggered by income inequality in the first place  March 27, 2013

No Doomsday but Ontario Takes Out the Knives

Jim Stanford: Ontario slashes with austerity regime even though predicted massive deficit has not developed  March 26, 2013

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

Cyprus Crisis Reveals Shadowy World of Tax and Money Laundering Haven

James Henry: Bailout deal includes capital controls and punishing big Russian depositors to pay off European banks -- leaves Cyprus looking for a "new way to make a living"  March 25, 2013

Galbraith and Panitch: What Would Real Economic Reform Look Like?

In Pt.3 James K. Galbraith and Leo Panitch imagine what a genuinely reform minded US government might do about the economy  March 25, 2013

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

Privatizing Europe

Nick Buxton: A massive European fire sale is one way finance is using the crisis to entrench neo-liberalism  March 21, 2013

From London to New York to Cyprus, Fraud and Financial "Insanity"

Bill Black: Standard Chartered admits to fraud, no one fired or prosecuted; Cypriot people force government to give up on taxing smaller depositors  March 21, 2013

Cyprus Should Let the Banks Go Bankrupt

Costas Lapavitsas: Cyprus should let the private banks fail and create a public bank that focuses on strengthening the real economy  March 21, 2013
,, The Real News Network, Real News Network, The Real News, Real News, Real News For Real People, IWT are trademarks and service marks of Independent World Television inc. "The Real News" is the flagship show of IWT and The Real News Network.

All original content on this site is copyright of The Real News Network. Click here for more

Problems with this site? Please let us know

Web Design, Web Development and Managed Hosting