Economy
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Economy


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

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

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

Court Rules Argentina Creditors Can't Seize Its Central Bank
Former bank regulator Bill Black discusses the significance of a U.S. court ruling regarding Argentina's debt.

  September 3, 2015

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 Republican Budget vs. The People's Budget
TRNN's Jessica Desvarieux interviews the progressive Economic Policy Institute and conservative National Taxpayers Union and asks which policies would benefit everyday Americans

  March 29, 2015

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

Congress to Pass Temporary Tax Breaks for Big Business for 15 Years Straight
Bush-era corporate tax breaks remain despite a continued slow economic recovery and account for more than $44 billion of lost revenue

  December 12, 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

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

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

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

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

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

Fed Chair Signals Possible Policy Shift on Unemployment
PERI Co-Director Gerald Epstein discusses how Fed chair Janet Yellen's recent comments on bringing unemployment down could be positive but Fed policy still remains toothless in helping out working Americans

  August 25, 2014

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