economics

Wealth inequality in America ~ Disturbing graphic

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,...

“Great Recession” public assets land grab ~ Michael Hudson

I didn't plan on watching the whole talk by Economist Michael Hudson but, as an old MBA student, I couldn't let go. http://www.youtube.com/watch?v=JZQqrxHGcoQ Hudson makes the argument that executives running the conventional banking system have created a false belief...

Iceland’s response to the economic crisis ~ What can we learn

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...

Increasing U.S. oil production will NOT reduce U.S. gas prices or unemployment ~ Paul Krugman

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: Prices for oil and gas are set by world supply and demand. China's huge demand is the likely cause of recent gas increases. The...

“Great Recession” public assets land grab ~ Michael Hudson

I didn't plan on watching the whole talk by Economist Michael Hudson but, as an old MBA student, I couldn't let go. http://www.youtube.com/watch?v=JZQqrxHGcoQ Hudson makes the argument that executives running the conventional banking system have created a false belief...

Iceland’s response to the economic crisis ~ What can we learn

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...

Minimum wage workers cannot afford rent in ANY state

Minimum wage workers cannot afford rent in ANY state

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. In California, a minimum wage worker would have to work 130 hours per week to afford the average apartment. Via Out of...

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Bank of America is 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...

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City of Berkeley to pull $300M out of Wells Fargo

City of Berkeley recently announced plans to remove all financial assets from the city's current banker, Wells Fargo--a withdrawal of approximately $300 million. Hoping to send a strong message to the Big Banks many feel are responsible for the housing crisis, one...

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Richard Wilkinson ~ Economic inequality harms societies

Using historical data, Richard Wilkinson illustrates how income disparities WITHIN a society are strongly correlated with poorer general health, shorter lifespans, increased violence, less upward mobility, and much, much more. Quite shocking. Economic inequality...

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Dylan Ratigan at The Commonwealth Club

Dylan Ratigan, of MSNBC's "The Dylan Ratigan Show," and author, of Greedy Bastard$! is interviewed by Quentin Hardy, Deputy Technology Editor, The New York Times. http://www.youtube.com/watch?v=Y5VAhtqD2Ug Ratigan is his usual, passionate self in the interview. Covers...

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