The bill, which now heads to Trump for his signature, rolls back major provisions of the Dodd-Frank financial regulations of 2010, allowing banks to engage in riskier investment strategies and to hide discriminatory practices, says CEPR’s Dean Baker
This week: Updates on how Mitbestimmung helped Germany not destroy itself; waves of strikes by public school teachers; Theranos bankruptcy and workers’ risks; our second “gilded age;” mortgage lenders turning to rich borrowers; Trump on drug prices is nothing more than rhetoric; the economic effects of breaking the Iran Deal; gentrification and crisis of cities.
We speak to economist Gerald Epstein, who did the cost-benefit analysis of the US invasion of Iraq. He found that the US military adventure cost US workers approximately two trillion dollars
Unemployment is low and standard economic theory says that when unemployment drops, wages should rise. However, the latest Department of Labor report shows that even though unemployment has reached historic lows at 3.9%, wages are not rising. Why? We explore the reasons with Prof. Robert Pollin
In connection with Prof. Richard Wolff’s discussion of the main topic, he also covers the following: Power and potential of public school teachers’ strikes; The 200th anniversary of Marx’s birth and Marxian economics today; Comparing the conditions of the US and Chinese working classes today