Economy

May 21, 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 22, 13

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 21, 13

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 21, 13

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 16, 13

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 8, 13

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

Privatizing Europe

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

April 24, 13

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

Big Commodity Traders Pocketed $250 Billion Profit

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

April 23, 13

Obama Preaches Stimulus to Europe and Practices Austerity at Home

Richard Wolff: Low wages, cheap money, and cheap equipment are driving higher profits and the politics of austerity

April 21, 13

"Manufacturing Consent" 25 Years Later

Edward S. Herman (co-author with Noam Chomsky of "Manufacturing Consent'): All the problems of the propaganda media model we talked about in the book have grown worse; new media like Real News show potential but need funding for more investigative journalism

April 21, 13

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 23, 13

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'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

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 18, 13

Recession Good for Profits

Gerald Epstein: Low wages and interest rates create rocketing profits and stock markets

April 9, 13

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

April 10, 13

"Everyone But China" Agreement Prevents Regulation of Hot Money and Speculation

Kevin Gallagher: Trans-Pacific Partnership threatens national sovereignty, extends corporate rights, and targets China

March 18, 2013

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

Sequestration Budget Cuts Will Deepen Recession - Both Parties Reject Stimulus

James Heintz: President Obama and GOP focus on budget cutting instead of creating more employment

April 5, 13

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