Economy

Fed Lets Goldman Sachs and Morgan Stanley Off Hook, Investors Profit Billions

July 4, 2018

Even though Goldman Sachs and Morgan Stanley failed the so-called ‘stress test,’ to determine whether these banks can weather a financial crisis, the Fed allowed them to pay billions in dividends and stock buybacks to investors. Former financial regulator Bill Black explains the consequences

Economic Update: Contradictions Coming Home

July 1, 2018

Updates on the exploding suicide rate in the US, irrational home-building reflects and worsens inequality, VA nurses sue because of overwork required but not paid for, Uihlein family gives extreme right wing candidates (including Roy Moore), mocking claims that this is a one-person-one-vote democracy, Interview with Eli Campbell on the exploding student debt issue and…

Most Ignored and Most Far-Reaching Supreme Court Ruling Yet: Anti-Trust Law Hollowed Out

June 29, 2018

A major Supreme Court ruling, Ohio vs American Express, was completely ignored by most media outlets, even though it will have potentially devastating repercussions for consumers in the so-called ‘platform economy’: Uber, Lyft, AirBnB, Facebook, etc. White collar criminologist Bill Black explains the consequences

Economic Update: Tariffs In An Unraveling Economy

June 24, 2018

This week: Updates on tariffs as political fiction; the Irish state apologizes for the gross exploitation of young women; the continuation of illegal toxic vehicle emissions; and NY Senator Gillibrand seeks to cut restrictions on worker co-ops. SPECIAL GUEST: Bob Hennelly on the US housing crisis as a sign of an unraveling economy

Trump’s Trade War with China: A Great Miscalculation

June 20, 2018

Trump and his advisors seem to be extremely ill-informed about the ways in which China can retaliate, even though the US can impose tariffs on more Chinese goods, than China can impose on the US, says CEPR’s Dean Baker

Bitcoin Does Not Protect Against Fraud

June 20, 2018

There is a common misconception that the cryptocurrency Bitcoin is safe and secure and will protect those who trade in it from fraud. However, as white collar criminologist Bill Black explains, Bitcoin is just as susceptible to fraud as any other type of transaction and complacency makes the likelihood of fraud only greater

Economic Update: Standing Up

June 18, 2018

This week: Updates on China’s growing life expectancy; Ireland’s vote on abortion; the reality of unemployment in the U.S.; why Amazon offers a “quitting” bonus; Johnson and Johnson putting profits before public health; die-ins at Publix succeed; Macron gets union backlash; Poor People’s Campaign exposes US poverty; Canada joins the race to the bottom; and…

Trump’s Trade Wars: An Opportunity to Refashion the Intellectual Property Regime?

June 15, 2018

One of the main arguments for imposing tariffs on China is that China is undermining the intellectual property of US companies. China can now either retaliate against US tariffs or take this opportunity to help redesign the international intellectual property system, says CEPR’s Dean Baker

Economic Update: An Unsustainable System

June 11, 2018

This week: the decline of U.S. cities and the potential of “private cities”; the ever-growing freelancers’ economy; why the U.S. Supreme Court decided to legalize sports betting now; Fiat-Chrysler & Porsche added to the emissions cheating scandal; the new federal jobs guarantee; a Catholic University attacks the concept of tenure; Interview with Chris Hedges on…

Medicare’s Demise is Not Imminent, But Health Care Costs are Rising Unsustainably

June 6, 2018

The trustees of the Medicare and Social Security trust funds released their annual report and the news was not good because shortfalls will come in eight years. However, it can be fixed because the main problem is uncontrolled healthcare cost increases, says CEPR’s Dean Baker