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    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 14, 14

    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 14, 14

    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 8, 14

    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 5, 14

    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 6, 14

    The Iraq War's Real Legacy
    Though President Obama attempts to justify Iraq's invasion, Iraqi civilians and Iraq war veterans share their stories on the lasting environmental, social, and health effects of the U.S. occupation still being felt today

      March 28, 14

    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 30, 14

    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 31, 14

    Breaking: Fast Food Workers Stage Nationwide Protest Against Wage Theft
    A photo slider courtesy of Low Pay is Not OK and MassUniting

      March 18, 14

    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 9, 14

    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 25, 14

    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, 14

    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 25, 14

    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 19, 14

    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 16, 14

    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 13, 14

    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 11, 14

    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 9, 14

    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 26, 14

    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 3, 14

    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 6, 14

    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

      February 3, 14

    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 30, 14

    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 16, 14

    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 15, 14

    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 8, 14

    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 5, 14

    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 13, 13

    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 13, 13

    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 16, 13

    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 8, 13

    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 5, 13

    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 4, 13

    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, 13

    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 5, 13

    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, 13

    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 29, 13

    How Can Fed Policy Help Main Street?
    Bob 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 21, 13

    Wikileaks Exposes the TPP as a Capitulation to Corporate Interests
    Kevin Zeese: Obama administration's Fast Track authority plan derailed by bipartisan outrage.

      November 15, 13

    Three Million More in Poverty than Previously Estimated
    Census reveals new poverty figures near 50 million.

      November 17, 13

    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 13, 13

    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 5, 13

    House Passes Deregulation Bill Written by Citigroup
    Bill Black: Both parties support Wall Street's effort to deregulate derivatives

      November 1, 13

    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

      November 1, 13

    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 27, 13

    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 28, 13

    Justice Department Misrepresents JP Morgan Settlement
    The DOJ gives up the ability to prosecute JP Morgan

      October 23, 13

    German Exporters Benefit from European Austerity
    Austerity reduces the value of the Euro which helps German exporters

      October 24, 13

    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 21, 13

    Federal Reserve in Uncharted Territory
    Global Economist, Yilmaz Akyuz, on the Crisis of Financial Crisis Management.

      October 21, 13

    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 21, 13

    Economist: There is no debt crisis
    The debt crisis is contrived.

      October 18, 13

    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 15, 13

    Economist: "There's Absolutely Nothing Resembling A Debt Crisis In The US"
    Interests payments on US debt are at an historic low.

      October 2, 13

    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

      October 18, 13

    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, 13

    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 23, 13

    Pt. 1 BRICS Countries Beset By Economic Problems
    Patrick Bond: Slow growth and inflation are taking a toll in developing countries

      September 23, 13

    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 18, 13

    Five Years After Lehman Brothers Fall, Big Banks Even Larger
    In contrast to workers and homeowners, banks fully recover from the financial crisis.

      September 15, 13

    Wall Street Banks Obtain Market Data Ten Minutes Before Everyone Else
    A news scandal shows the markets are rigged

      September 13, 13

    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 15, 13

    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 12, 13

    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 10, 13

    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 9, 13

    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 6, 13

    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

      September 1, 13

    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.

      September 1, 13

    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, 13

    Wall Street Eager to See Larry Summers Nominated Fed Chair
    Summers likely to be next Fed chair not despite failures but because of them

      September 2, 13

    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

      September 2, 13

    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 28, 13

    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 26, 13

    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 22, 13

    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 17, 13

    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 14, 13

    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 13, 13

    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 9, 13

    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 2, 13

    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

      August 2, 13

    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

      August 4, 13

    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 15, 13

    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 15, 13

    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 23, 13

    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 5, 13

    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 3, 13

    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 29, 13

    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

      July 1, 13

    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

      July 4, 13

    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 24, 13

    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 19, 13

    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 19, 13

    Bank Profits Soar, Wages Suffer Sharpest Decline in 60 Years
    Bill Black: The economy is recovering - unless you work for a paycheck.

      June 9, 13

    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 9, 13

    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 4, 13

    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 4, 13

    $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, 13

    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 31, 13

    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

      June 4, 13

    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 23, 13

    Does Austerity Increase Inflation?
    Stephanie Seguino: By weakening the social safety net austerity policies actually increases the cost of production

      June 3, 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

    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 21, 13

    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 12, 13

    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

    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

    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 5, 13

    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

    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 26, 13

    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

    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

    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

    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 19, 13

    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 25, 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

    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 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 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 13, 13

    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 15, 13

    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 22, 13

    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 11, 13

    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 11, 13

    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 10, 13

    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

    Thatcher Gave More Power to Finance
    Michael Hudson: Thatcher deregulated banking and made London the center of speculation and financialization

      April 10, 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 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

    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 10, 13

    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 30, 13

    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 9, 13

    Recession Good for Profits
    Gerald Epstein: Low wages and interest rates create rocketing profits and stock markets

      April 9, 13

    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

      April 9, 13

    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

      April 10, 13

    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

      April 10, 13

    Youth Will Pay the Price of Austerity
    Pt2. Stephanie Seguino: Elites profit from "smaller" government while youth unemployment soars

      April 10, 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

    No Doomsday but Ontario Takes Out the Knives
    Jim Stanford: Ontario slashes with austerity regime even though predicted massive deficit has not developed

      April 10, 13

    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

    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"

      April 10, 13

    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

      April 10, 13

    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

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

      April 24, 13

    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

      April 10, 13

    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

    Gailbraith and Panitch: Is a New "New Deal' Possible? Pt.2
    James K. Gailbraith and Leo Panitch discuss the 80th anniversary of the election of FDR and the significance of the New Deal

      April 10, 13

    Cyprus: "You Don't Trigger a Bank Run to Fix a Financial Crisis"
    Gerald Epstein: EU tries to force Cyprus to tax bank deposits to pay for bailout

      September 4, 13

    Mutual Interest Hidden Beneath Apple and Samsung Legal Struggle
    Both companies benefit from turning patents into a bulwark against innovation, the general public pays the price when two corporations divide the market between them

      April 10, 13

    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

    Will a Grand Bargain or Betrayal be Obama's Legacy
    Bill Black: Slate magazine says that President Obama wants a Grand Bargain on budget cuts he can call his legacy - but it will be a Grand Betrayal that makes the recession worse

      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

    Solution to Student Debt is to Get the Banks Out of the Education Business
    Michael Hudson: Crippling student debt, which is also a drag on the whole ecnonomy, developed as governments pushed the burden of higher education costs onto students and pushed them into the arms of the banks

      April 9, 13

    Public Banking Needed to Stop "Cannibalization" of the Economy
    Michael Hudson: As long as finance is left in private hands, you're going to have austerity and America ending up looking like Greece and Ireland

      April 10, 13

    TRNN REPLAY: Government Debt and Deficits Are Not the Problem - Private Debt Is
    Michael Hudson: Why do they call for governments to balance the budget by pushing the economy at large deeper into debt, while trying to save the banks from taking a loss

      March 14, 2013

    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

    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 - Fourth Austerity Shoe Drops
    Bill Black: Both parties have conspired to bring us a disaster; Obama's sequestration plan gives cuts without blame

      April 10, 13

    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

    Obama and GOP Shared Austerity Vision Will Deepen Recession
    Dr. Heiner Flassbeck: The massive sequester cuts to government spending are a disaster - what's needed is a wage led recovery

      March 1, 2013

    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

    Clinton"s Policy of Not Prosecuting Bank Fraud Continues
    Bill Black: Clinton admin. thought that prosecuting big bank fraud wasn't worth the governments time and could destabilize banking system - Obama continues the policy today

      February 24, 13

    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

    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

    More Criticism in Internal IMF Report
    Ilene Grabel: Internal report critiques IMF methods and analysis as IMF relationship with developing world changes

      February 28, 13

    IMF Accused of Double Standard on China's Currency Moves
    Ilene Grabel: An IMF internal report says it's been unfairly critiquing China and other Asian countries currency manipulations while ignoring similar practices by Western countries

      February 25, 2013

    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

    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

    SOTU: Obama Opens Door to Grand Betrayal
    Bill Black: President Obama offered up "reform" of medicare and social security, that is cuts at a time of deep recession

      February 13, 13

    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

    Judge Rules Against a Bank - Precedent Could Cost Bank of America Billions
    Bill Black: Judge rules that Flagstar, a big mortgage lender that gave "liars loans", is liable to insurance company - same issues at stake in Bank of America case

      February 11, 2013

    International Trade Panel Undermines National Systems of the Rule of Law
    Chakravarthi Raghavan: The International Convention on Settlement on Investment Disputes has become a mechanism that reinforces multinational corporate property rights over a countries ability to create public policy in its people interest

      February 7, 2013

    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

    Creative Finance: Leaving Felons in Charge of the Banks
    Bill Black: Obama Administration following logic that to not investigate and prosecute banking fraud builds trust in the institutions

      February 3, 13

    US Economy Contracts - More Cuts Will Mean Even Less Growth
    John Weeks: The idea that smaller government leads to more private sector investment is a fairy tale

      February 10, 13

    The Financialization of Food
    Sasha Breger Bush: In the name of democratizing finance, derivative exchanges are achieving the opposite

      February 21, 13

    Financial Regulation and Cost Benefit Analysis for Whom?
    Gerald Eptsein: Bloomberg News calls for a cost benefit analysis of financial regulations, but the question is, cost benefit for whom?

      January 5, 2013

    Lack of Criminal Prosecutions Linked to Obama and Holder's Wall St. Connections
    Dimitri Lascaris: Department of Justice under George Bush secured convictions of major figures from the business community in complex financial frauds and Obama and Holder have not done so following the worst epidemic of financial fraud in the modern era

      January 30, 2013

    Obama Admin. Fails to Prosecute Banking Fraud to 'Save the System'
    James S. Henry commenting on PBS documentary "The Untouchables": If one of these institutions was indicted and made an example of, it would have a profound affect on the whole industry - but Obama raises money on Wall St.

      January 29, 2013

    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

    The Bottom Line: Regulation
    Econ4: Rules are as important in an economy as they are in sports

      January 23, 2013

    The Privatization of Chile's Sea
    Many small-scale fishermen say new fishing law could spell the end of their livelihood

      January 18, 2013

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