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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



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