This MSNBC transcript critically analyzes the economic fallout following Donald Trump’s new tariff plan, highlighting the dramatic market drops reflected in the Dow Jones and S&P 500 indices. The segment underscores the severity of the situation by comparing it to historical economic crises like the 2008 financial disaster and the COVID-19 pandemic, using Read more…
This Wall Street Journal video transcript dissects the complexities and potential consequences of President Trump’s proposed auto tariffs, specifically a 25% levy on vehicles not manufactured in the United States. Through the lens of a Ford F-150, the analysis reveals the highly internationalized nature of modern auto manufacturing, where even a U.S.-assembled Read more…
ChatGPT & AI is replacing human jobs and making some business models obsolete, leading to significant impacts on companies and industries.
Wealth Inequality ~ Photo by Peter Stevens @flickr
Wealth inequality in America ~ Very interesting video on the how perception of America’s distribution of wealth differs hugely from the reality. Exceedingly well done animated graphics tell a disturbing story of where wealth resides in America, and, as important, where it doesn’t. (more…)
I didn’t plan on watching the whole talk by Economist Michael Hudson but, as an old MBA student, I couldn’t let go. (more…)
The ascertain here is that during the housing/derivative/financial crisis, bailing out the banks was NOT the ONLY solution. It was merely the best solution for banks that by-and-large caused the crisis. The victims of the crisis, the home owners, did not benefit from the bank bailout. Their debt remained essentially the same. (more…)
Nobel economist Paul Krugman argues that the GOP’s goal of increasing U.S. oil production will not help gas prices. The logic is simple:
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Minimum wage workers cannot afford a two-bedroom apartment at “Fair Market Rent” by working a standard 40-hour work week in ANY state in the U.S.
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Matt Taibbi: Bank of America is a “raging hurricane of theft and fraud”
Matt Taibbi of Rolling Stone magazine wrote a scathing piece for the OWS movement about widespread illegal practices committed by Bank of America, and how all of us, particularly the U.S. government, have been facilitators in B 0f A’s larceny. Taibbi is a very knowledgeable, smart reporter on economic issues, and his piece stirred in me one of those Howard Beale moments when I wanted to yell, “I’m mad as hell, and I’m not going to take this anymore!”
Totally brilliant! Point after point after point, I was enthralled by Napolitano’s rant. Thanks Judge! Fox Business Network Cancels Judge Andrew Napolitano’s Freedom Watch – Hit & Run : Reason Magazine.