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| The War on Wages and The Road to Bangladesh Bill Black: In the name of competitiveness, the criminal conditions that led to
the deaths and injuries of thousands of workers in Bangladesh, are being
created around the world in a race to lower wages and working conditions May 2, 13 |
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| Recession and Austerity Good for the Rich James Henry: The top 7 percent of households, about 8 million people,
have seen their net worth increase to a mean of about $3.2 million in the
last three years April 28, 13 |
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| Does Public Debt Restrict Growth? Joseph Minarik and Bob Pollin debate recent PERI report that debunked economic theory that supported austerity policies April 28, 13 |
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| Study Debunking Austerity Research Sparks Wide Reaction Bob Pollin (Co-Author of Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogoff): Deficit Hawks still defend conclusions of a study that contained spreadsheet errors and weighted selected countries in an inappropriate way; led to incorrect theory about public debt and growth April 23, 13 |
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| The Real News Debate: Social Security on the Table Joseph Minarik (former chief economist of the Office of Management and
Budget for eight years during the Clinton Administration) and economist
Richard Wolff take on President Obama's proposed changes to Social
Security April 14, 2013 |
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| Obama's "Cat Food" Social Security Reform Michael Hudson: Obama's "bargain" on social security reform will push
more retirees into poverty in
exchange for a minor increase in high end income tax - a class that receives
most revenue from capital
gains April 22, 13 |
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| The Grand Betrayal has Arrived Bill Black: President Obama's bargain with Republicans opens the door to
Wall St.'s dream - the
privatization of Social Security April 10, 13 |
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| Canadian Budget "Austerity on Autopilot" Jim Stanford: In spite of data showing the Canadian economy is slowing
down, the new Federal Budget pushes cuts and a balanced budget which
will make recession worse - true under-utilization of labor is 12 percent April 10, 13 |
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| Putting Water Back in Public Hands Nick Buxton: Paris and other cities have remunicipalised water that had
been privatized saving users money and introducing more democracy and
transparency April 25, 13 |
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| Privatizing Europe Nick Buxton: A massive European fire sale is one way finance is using the
crisis to entrench neo-liberalism April 24, 13 |
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| Forbes Billionaires List Growing James Henry: US still leads as many new billionaires emerging in China
and Russia; corporate profits at record levels - as austerity hits and
unemployment remains high April 10, 13 |
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| Undoing the New Deal PT2 On the occasion of the 80th anniversary of Roosevelt's election and the
introduction of the New Deal, Jennifer Taub and John Weeks discuss the
post-war period and how successive administrations dismantled it April 10, 13 |
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| Who Benefits from Austerity? Bob Pollin fields the question: are the very rich hunkering down for a long
recession and to protect their assets, are more concerned about debt than
high unemployment April 10, 13 |
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| Higher Wages Will End Recession Dr. Heiner Flassbeck: Targeting low inflation will deepen crisis; government
must pass laws and intervene to facilitate a general rise in wages March 3, 2013 |
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| Will a Higher Minimum Wage Cost Jobs? Bob Pollin on the theory that a higher minimum wage will reduce jobs available to young people entering the work force and won't reduce poverty February 21, 13 |
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| Obama Supports Clean and Dirty Energy Bob Pollin: President Obama can’t possibly meet carbon emission targets he
set and still support increased oil, natural gas and coal production February 19, 13 |
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| More Geithner Without Geithner Bill Black: Jacob Lew confirmation hearing for Secretary of the Treasuery shows he was picked as a signal that the Geithner policies would survive Geithner, and that they're actually the president's policies February 18, 13 |
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| How Stanley Fischer Advanced Neo-Liberalism in Israel Shir Hever: Fischer steps down as head of Israel's central bank, known for pushing economic "reforms" that led to greater inequality; before this working for IMF, he helped develop privatization in Russia February 20, 2013 |
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| LIBOR Scandal More Than Fraud - Whole Game is Rigged Costas Lapavitsas: From multimillion dollar losses by cities like Baltimore to pension fund losses and much more, the LIBOR interest rate scandal shows that such mechanisms must be taken out of the hands of banks and be run in public interest February 15, 13 |
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| US Economy "Stuck in the Mud" Robert Pollin: Last quarter of 2012 had zero growth, wages were lower, unemployment higher as stock market hit record highs January 6, 2013 |
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| The Financialization of Food Sasha Breger Bush: In the name of democratizing finance, derivative exchanges are achieving the opposite February 21, 13 |
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| Davos Still Pushes Failed Global Vision Bill Black reports from Davos that the Global Competitiveness Report pushes countries towards even more deregulation - policies that helped trigger the crisis January 25, 2013 |
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| Stewart vs Krugman and the Religion of Austerity Bill Black: Obama has options, including the trillion dollar coin, to refuse to negotiate under the gun but he's taken them off the table; both sides subscribe to the dogma of austerity January 18, 2013 |
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| What are the German Bankers Thinking? Michael Ash: German bankers can be ruthless bill collectors, wild speculators, social planners and austerity hawks but they seem to ignore the damage they are doing to Europe January 18, 2013 |
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| Cliff Deal a "Moderate" Betrayal Bill Black: Compromise on tax hikes on rich and allowing payroll taxes to rise sets the ground for a "grand betrayal" yet to come January 3, 2013 |
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| Economic Outlook for 2013 Bob Pollin: With austerity policies in Europe and the USA and slow down in China and India, 2013 needs innovative policies or more recession is likely January 2, 2013 |
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| A Grimmer State of the States Bob Pollin: New study shows states are paying more for medicaid as workers lose jobs with insurance; no help in sight from federal government March 15, 13 |
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| Austerity Italian Style Bill Black: Youth unemployment in Italy reaches 40% as European big banks insist on more austerity December 10, 2012 |
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| Why the Fiscal Cliff is a Scam James K. Galbraith: Is there a looming crisis of debt or deficits such that sacrifices in general are necessary? November 30, 2012 |
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| Chinese Market Won't Save Global Capitalism Yilmaz Akyüz Pt2: China's export model not sustainable; domestic consumer demand too weak to make serious difference to lack of demand in developed economies December 13, 2012 |
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| Is the "Fiscal Cliff" a Fiction? John Weeks: The fiscal cliff has simply been created by Congress in order to
push austerity which is no solution during a recession November 14, 2012 |
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| Does jobs growth come from higher profits or wages? Özlem Onaran: Research shows that a decrease in wages leads to lower demand and a decrease in economic growth, while higher profits lead to very little increased investment if demand is low November 11, 12 |
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| Fueling the Food Crisis Tim A. Wise: Bio-fuels are driving up the price of food everywhere and
costing developing countries billions October 10, 12 |
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| Black Financial and Fraud Report Bill Black: Obama susceptible to attack by Romney because he failed to
deal with systemic risk to
financial system - even though Romney would be worse October 10, 12 |
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| Are Big Banks Too Big to Regulate? Pt 2, Michael Greenberger: If somebody understood the economic issues
and explained them to the American people, you could easily be elected
president by saying you're going to put an end to the Wall Street hijinks October 18, 12 |
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| Shadow Banking and Conventional Banking Depend on Government Support Jennifer Taub - Part 2: I think we need to look at the banking system and say: if our government is providing
support, either through the FDIC or through the Fed, which when it engages in printing money obviously
affects the economy and the value of goods and services, if a bank has that, they obviously are—this is a
government banking system. October 2, 12 |
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| Shadow Banking Still an Unregulated Threat Jennifer Taub: Before the crisis, the top five financial institutions had assets equivalent to 50 percent of
GDP. Now let's fast-forward to 2011, three years after the crisis, if you look at the top five institutions that
survived, and their assets are equal to 58 percent of GDP October 1, 12 |
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| Low wages and high unemployment are paralyzing the global economy Heiner Flassbeck [Director of the Division on Globalization and Development Strategies of the United Nations Conference on Trade and Development]: The drive to be more "competitive" is pushing the world economy into deep recession; the best that quantitative easing can do is create another bubble October 14, 2012 |
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| QE3 Another Fed Give Away to the Banks Michael Hudson: Shoveling money to the banks not meant to create jobs, it’s
a way to give banks even more speculative capital and prepare them for
another meltdown September 23, 2012 |
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| PT2 The Fed and the Crisis Second part of Jane D’Arista commentary on the role of the US Federal Reserve in managing the crisis of global capitalism September 14, 12 |
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| The Crisis and Who Has Power Leo Panitch and Sam GIndin PT2: Major structural change or effective short term reforms requires addressing democratic decision making starting with making banks a public utility September 25, 12 |
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| The Fed and the Crisis A commentary by Jane D’Arista assessing the actions of the Federal Reserve in managing the economic crisis September 13, 12 |
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| LIBOR Rate-Fixing Scandal Sets Off Investigations, Lawsuits Against Big Banks Cities around the country, from Baltimore to Oakland, are taking legal action against the banks
responsible for suppressing the London interbank offered rate, Libor. And some 75% of major cities
involved in libor-tied interest-rate swaps stand to reclaim taxpayer losses in addition to libor-backed
mortgage holders who lost money on the rate's manipulation. August 10, 12 |
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| Did Obama Stimulus Work? Bob Pollin Pt5: The stimulus plan saved many jobs and helped prevent a deeper crash, but was far short of spurring a recovery August 22, 2012 |
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| The Full Employment Debate Bob Pollin, author of Back to Full Employment, begins a series examining whether full employment is possible and how to get there August 15, 2012 |
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| Bill Black Reports: LIBOR and HSBC Bill Black, author of "The Best Way To Rob a Bank is to Own One" begins a regular TRNN feature reporting on financial news July 25, 2012 |
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| Report on the Greek Left Leo Panitch: Recently returned from Greece, a report on Syriza, the left party that could win the next election July 17, 12 |
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| Greeks Face a Momentous Decision Costas Lapavitsas: If Syriza wins coming elections and does not fulfill its promises, face up to leaving the Euro, it will open a path for far right June 14, 2012 |
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| Euro-Crisis Used to Destroy Social Contract Rob Johnson: European adjustments are not the product of a mistake, but a design to break down some
of the leftover architecture of the Cold War, which might be called the insurance premium that was paid
against conversion to communism. June 15, 12 |
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| What I'd Ask JPMorgan's Jamie Dimon Robert Johnson: We are unlikely to hear tough questions from Senate Banking Committee as JP Morgan is their biggest campaign contributor June 14, 12 |
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| BP Coverup, Coverup Greg Palast: US corporate media ignoring evidence of BP foreknowledge of problems that led to Gulf disaster October 28, 12 |
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| People of Greece Shake Europe Costas Lapavitsas: The growing strength of the left shows the Greek people are getting ready to leave the Eurozone May 7, 2012 |
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| Bankers Assault on Financial Reform Gerald Epstein: New financial regulations contained in the Dodd-Frank law are being gutted or delayed by regulators and Congress April 30, 2012 |
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| Our Name is Resistance Dimitri Lascaris: Greece buries Dimitris Christoulas as many pledge to carry on the fight against austerity April 10, 2012 |
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| Inequality and Instability - Part 2 James K. Galbraith: The Bush years - Growth demanded new markets among debtors who previously had not qualified for mortgages April 19, 2012 |
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| The Eurozone Crisis and the USA Costas Lapavitsas: European and US elites are asserting naked class interest, but in Europe now there's a more extreme neo-liberalism February 29, 2012 |
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| Will Affluent Go On Strike? Jeff Thompson pt.2: Study shows that while States need revenue, most tax wealthy at lower rates March 9, 2012 |
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| Is the Euro Crisis Over? William K. Black, Paolo Manasse, and John Weeks discuss the Euro and the danger of global recession January 2, 2012 |
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| America Beyond Capitalism Gar Alperovitz describes a model that challenges private monopoly ownership without a powerful bureaucratic state December 27, 2011 |
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| Food Security Off the Table Timothy A. Wise: G20 and WTO do nothing to prevent food price bubbles; trade policies weakening developing countries' production December 16, 2011 |
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| The G20 and Global Policy Paralysis Ilene Grabel: There's neither the political will nor the courage to take on the austerity and privatization
policies pushed by finance December 14, 11 |
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| Eurocrisis: "Democracy is Not a Given" Dr. Heiner Flassbeck (Director, Division on Globalization and Development Strategies, UNCTAD): German policy of low wages and beggar thy neighbor is root of euro crisis December 11, 2011 |
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| The War on Wages Dr. Heiner Flassbeck: If wages don't rise and the "pathological" power of finance is not pushed back, we will face a deep depression December 20, 2011 |
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| Eurocrisis Solutions for Whom? Matias Vernengo: Proposed new rules for the Eurozone based on interests of bankers, large companies and the European elite December 9, 2011 |
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| US Fed Buys Europe Some Time Rob Johnson: Move by Fed papers over structural issues; austerity policies meant to weaken social safety net and lower workers wages December 1, 2011 |
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| Should Greece Pull Out of the Euro? TRNN Replay - Costas Lapavitsas: The Greek people face a decade of depression in the Eurozone, it's better to leave and make major reforms. February 20, 12 |
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| High stakes at euro summit EuroNews: As the latest euro rescue summit loomed, there remained major differences on confronting the currency bloc's worsening sovereign debt crisis October 26, 2011 |
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| Bank of America's Death Rattle Bill Black: BAC, has directed troubled financial derivatives from its Merrill Lynch subsidiary to federally
insured bank Bank of America making private risk public October 29, 11 |
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| The Human Cost of Africa's Odious Debt Léonce Ndikumana and James K. Boyce: The cost of servicing external odious debt leads to tragic underspending on health care and education December 7, 11 |
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| Should Banks be a Public Utility? Leo Panitch: The Occupy movement should adopt the demand for banking in the public interest which challenges the system December 7, 11 |
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| Should Africa Repay its 'Odious' Debts? Boyce and Ndikumana, authors of 'Africa's Odious Debts', argue that under international law, debts incurred by dictators should not be enforceable October 24, 2011 |
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| Worldwide protests denounce economic injustice EuroNews: New York was where the movement started, and yesterday demonstrators occupied Times Square instead of Wall Street as the protest against corporate greed and economic injustice went globa October 17, 2011 |
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| Icelandic People Said No Michael Hudson: Peoples of countries indebted without their consent should refuse to repay odious debts October 26, 2011 |
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| Occupy protests spread to DC Al Jazeera: The "Occupy Wall Street" protests against economic inequality are spreading beyond New York October 7, 2011 |
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| Rich Getting Richer in Ontario Hugh Mackenzie: From 1992 to 2007, 90% of the income gain in Canada went to the top 1% while their effective tax rate went down September 28, 2011 |
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| Real World MIA in Elections Rhetoric Linda McQuaig: In the US and Canada, the deliberate policies that created great wealth for the top 1% and suffering for the rest is not talked about October 4, 2011 |
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| Bikes a Path to Jobs Heidi Garrett-Peltier: Roads built with bike paths create more jobs and promote green economy September 21, 2011 |
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| Is Capitalism Doomed? Gerry Epstein comments on Nouriel Roubini's blog that "Marx was right" August 19, 2011 |
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| How Dangerous is This Moment? Jeff Madrick, author of the Age of Greed, says with wages flat austerity measures and the domination of finance we face a very dangerous situation August 31, 11 |
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| Fault Lines: The Top 1% Al Jazeera: The richest 1% of US Americans earn nearly a quarter of the country's income and control an astonishing 40% of its wealth August 15, 2011 |
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| Should Banks be a Public Utility? Yves Smith: Finance sector controls the regulatory process - there needs to be a publicly controlled alternative to the private banking system August 23, 2011 |
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| Debt Ceiling Extortion TRNN replay Yves Smith: The finance sector used extortion against the American people in 2007-09 and are doing it again now July 25, 2011 |
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| Obama and the "Gang of Six" James K. Galbraith: "Gang of Six" Plan is all about cuts not increased taxes; Obama represents Wall Street faction of Democratic Party July 21, 2011 |
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| Debt Ceiling Debate "Fraud" David Swanson: Polling shows majority of Americans want to tax the rich and cut the military before making social program cuts July 17, 2011 |
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| Age of Greed Jeff Madrick author of Age of Greed: The Triumph of Finance and the Decline of America, 1970 to Present, discusses the roots of the current crisis June 30, 2011 |
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| Strikes put Greece on the Brink EuroNews: Modern-day Greeks have exercised their democratic right and have practically closed the whole country down June 15, 2011 |
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| US Demands may Kill WTO Agreement Tim Wise: After 10 years WTO Doha round negotiations supposed to be dedicated to the developing countries have reached an impasse May 27, 2011 |
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| Anti-Austerity Rallies in Spain EuroNews: Police in Madrid made several arrests after a peaceful protest against government austerity measures ended in violent clashes May 17, 2011 |
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| What I Would Ask Bernanke James K. Galbraith: A few questions I would ask at the Head of the Fed's rare press conference Wednesday April 28, 11 |
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| "The People's Budget" TRNN Replay - Robert Pollin: A Wall St. tax would help fund infrastructure and health care investment April 22, 2011 |
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| "The People's Budget" Robert Pollin discusses the Congressional Progressive Caucus budget proposal April 22, 2011 |
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| Crisis is not Behind us Randall Wray: Banks are bigger than in '07; are cooking their books to show profits -- need regulation and increase in purchasing power and jobs program to avoid bigger crash May 30, 2011 |
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| Will Millionaires Migrate? Report on research into migration patterns of the rich in states that have "millionaire's tax" April 16, 2011 |
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| Iceland Vote Freezes Repayment Plan Iceland could be facing a political and financial crisis after voters appeared to have rejected a referendum on a plan to repay debts to Britain and the Netherlands for a second time April 13, 11 |
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| An Upside-Down Economy A wide ranging interview with Rob Johnson on austerity, taxes, money and politics March 3, 2011 |
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| Austerity And The Budget Wars Damon Silvers of AFl-CIO: We support Obama's policy objectives, but will he fight for them, will his austerity narrative undermine that fight? February 23, 2011 |
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| Direct Democracy in Chicago Chicago's 49th Ward first US government to adopt Brazilian practice of letting the people make their own budgets December 8, 10 |
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| Capital is Powerful, Not Rational Leo Panitch: The drive for austerity measures is destructive but bond holders focused on paying state debt without raising their taxes December 19, 10 |
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| Cotton Trade Injustice Channel 4: Fairtrade Foundation report says 19bn of handouts from the EU and US to American and European cotton farmers is locking west African farmers into poverty November 20, 2010 |
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| The Dragon in the Room Kevin Gallagher: Chinese investment in resources creating lopsided economy in Latin America November 16, 2010 |
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| Who Benefits From Austerity James Crotty: What Does Wall St. Want Out of Austerity and What Benefits Does it Gain From a Small Government? December 7, 2010 |
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