debt

Reality Asserts Itself - Rana Foroohar

May 9, 2018
On Reality Asserts Itself, Ms. Foroohar says the legalization of stock buybacks in 1982 allowed companies like Apple to now spend only 15% of their investments on R&D, while the majority is spent on market manipulation; the Financial Times columnist and author of “Makers and Takers” says the move from traditional pensions to 401k’s makes everyone feel they benefit from finance, when the vast majority of profits go to the elites and most people’s living standards deteriorate – with host Paul Jay

Exposing The Risks Of Global Finance With Peter Dittus & Yilmaz Akyuz

March 6, 2018
A meeting of minds between a major voice from the Global North and the Global South is captured in this two part series featuring Peter Dittus, former BIS Chief and  author of ‘Revolution Required’ and Yilmaz Akyuz, South Centre Chief Economist and author of ‘Playing With Fire’

US Sanctions on Venezuela: ‘Attempt to Destroy the Economy’

November 10, 2017

Venezuela’s recession is making it difficult for the country to meet its debt payments, but US sanctions are making a difficult task almost impossible explains CEPR’s Mark Weisbrot

UK Interest Rate ​Hike​ Ignores Equitable Policy Options

November 4, 2017

In order to slow inflation, the Bank of England is raising interest rates for the first time in a decade–but this move ignores policy options that could potentially ease high levels of inequality in the UK, explains Positive Money’s Ed Smythe

Time for Politicians to Stop Deficit Fearmongering

October 20, 2017

The common misconception is that the government is doing something wrong when it runs a deficit, but what most people don’t understand is that there’s a matching surplus in another part of the economy, says economist Stephanie Kelton

Puerto Rico Can’t Rebuild Under Debt and Austerity

October 1, 2017

Puerto Rico’s recovery hinges on reversing the neoliberal policies that crippled the island before Hurricane Maria, says economist Mark Weisbrot

Economy

July 15, 2017
During her testimony to Congress, Federal Reserve Chair Janet Yellen dodged a question about whether she would accept a second term in office–but it’s unlikely that President Trump will re-appoint her, says Gerald Epstein, co-director of Political Economy Research Institute

Economic ‘Recovery’ Feels Weak Because the Great Recession Hasn’t Really Ended

October 7, 2016

The IMF foretells of vulnerable banks in US and EU while enabling unsustainable debt-leveraging, says economist Michael Hudson

Puerto Rico ‘Rescue’ Bill to Reinforce Colonial Relationship with US

July 1, 2016

The Puerto Rico debt bill “will impose a fiscal control board that is going to watch out more for the billionaires and millionaires in Wall Street than it is going to watch out for the millions of Americans living on the island,” said activist Julio Lopez. The legislation will create a federal oversight board appointed…