Clik here to view.
Another World IS Possible.
When written in Chinese, the word "crisis" is composed of two characters - one represents danger and one represents opportunity.JFK-Remarks at the Convocation of the United Negro College Fund,...
View ArticleClik here to view.
Supporting the Aristocracy: Wall Street Pays Out $70 Billion + in Bonuses
I think that its fair to say that a number of us here suspect that a fair number of those populating the financial establishment are there by virtue of being the idiot children of America's...
View ArticleClik here to view.
How the GOP Won the Working Class
Earlier this week David Sirota wrote what I think is the best column I've ever seen on an important topic in American politics: the role of class in American politics and how the GOP has been able to...
View ArticleClik here to view.
Russia, Iran, and Qatar to form Gas OPEC
Today's UK Guardian has an article about how Russia, Iran, and Qatar are forming a natural gas cartel rivaling what OPEC has done for oil. The move by the three countries, which control 60% of the...
View ArticleClik here to view.
Obama Administration wants to Renogotiate Korea-US Free Trade Agreement?
President elect Obama may be on the path to making a major change in US trade policy, and that's making East Asian countries extremely nervous. A particular point of tension is already developing...
View ArticleClik here to view.
Obama to Crack Down on Tax Evasion?
This should be fun. The incoming Obama administration has eyed a new revenue source to help defray some of the budget shortfall.Cracking down on offshore tax havens.President-elect Barack Obama plans...
View ArticleClik here to view.
EPI: If Big 3 Fail 18% Unemployment in Michigan
The Economic Policy Institute has a new report out today about the economic impact of an auto industry collapse. A previous report by the Center for Automotive Research (CAR)estimated that a total...
View ArticleClik here to view.
Is this the Winter of our Discontent?
During the winter of 1978-1979, the suspension of the right to collective bargaining by British labor unions lead to what was called the Winter of Discontent. Gas deliveries ground to a halt leading to...
View ArticleClik here to view.
It's a Friggin' Christmas Miracle: Bush Comes through for the Auto industry?
It's a Christmas "Miracle", George Bush came through. $13.4 billion for the auto industry. Or maybe, not so fast. This is a stay of execution, not a pardon.The troubled U.S. auto industry will receive...
View ArticleClik here to view.
Why Japanese Automakers Support a Detroit Rescue Plan.
From what you read in the news, and hear from Southern GOP Senators, you'd think that this was a banner year for Japanese automakers operating in the US. Or at the very least that Toyota, Hyundai, and...
View ArticleClik here to view.
Banks Using TARP Funds to Speculate in Oil Markets
Prepare to be deeply offended. Banks to who the US government has given billions of dollars of loans are using this money in order to speculate in global oil markets. First, let's start off with the...
View ArticleClik here to view.
Goldman Sachs Buying up Energy Speculation Firm
Earlier this week I wrote a piece on how bailed out banks have been speculating in oil markets.Today, more evidence that the banks haven't learned that in the end speculation is a zero-sum game has...
View ArticleClik here to view.
NY Times: "You Try to Live on 500K in This Town"
In many ways, the past forty years of Anglo-American history have been marked by a revolution of a few who live by wealth upon the many who live by labor. If the first half of the 20th century can be...
View ArticleClik here to view.
We Need a Revolution..... A Labor Rights Revolution
Help is on the way. Or so we've been told.The stimulus legislation also extends the social safety net for those who are already unemployed by extending and improving unemployment benefits.Under the...
View ArticleClik here to view.
GM Hummer Division to be Sold to Chinese Defense Contractor?
GM is talks with a Chinese firm to sell off its Humvee division with financing from a private equity firm. A Chinese company is said to be in advanced talks with General motors over the $100million...
View ArticleClik here to view.
GM Layoffs will Boost Unemployment Through the Roof
I just has a truly frightening experience. During a conversation about the auto industry one of my colleagues who researches the auto industry told me that according to his calculations, the GM...
View ArticleClik here to view.
A Tale of Two Recessions, or Will the Dead Cat Bounce?
Dead–cat bounce (n): a brief and insignificant recovery (as of stock prices) after a steep decline, etymology, from the facetious notion that even a dead cat would bounce slightly if dropped from a...
View ArticleClik here to view.
Stimulus Not Targeting Job Loss States
Often times, non-economists attribute much more confusion to the ideas of Keynesian economics than is really the case. Take for example the idea of smoothing out business cycles. Anyone who's ever...
View ArticleClik here to view.
Corruption in Higher Education
For those of us here, I imagine that this will come as no great surprise:At a time when it's more competitive than ever to get into the University of Illinois, some students with subpar academic...
View ArticleClik here to view.
23.4% Unemployment in Michigan?
Unemployment is a malleable thing. The official unemployment rate released by the BLS (Bureau of Labor Statistics) excludes those individuals who have not looked for work in the last month and those...
View Article
