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...
economics
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...
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...
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...
How to get fired from Fox News in 5 minutes ~ Judge Napolitano
Totally brilliant! Point after point after point, I was enthralled by Napolitano's rant. Thanks Judge! https://www.youtube.com/watch?v=_QT8Q-Hcll0 Fox Business Network Cancels Judge Andrew Napolitano's Freedom Watch - Hit & Run : Reason Magazine.
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 $300 million. Hoping to send a strong message to the Big Banks many feel are responsible for the housing crisis, one...
Richard Wilkinson ~ Economic inequality harms societies
Using historical data, Richard Wilkinson illustrates how income disparities WITHIN a society are strongly correlated with poorer general health, shorter lifespans, increased violence, less upward mobility, and much, much more. Quite shocking. Economic inequality...
Dylan Ratigan at The Commonwealth Club
Dylan Ratigan, of MSNBC's "The Dylan Ratigan Show," and author, of Greedy Bastard$! 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...
Why does a car have brakes? ~ Bill Moyers interviews former Citigroup CEO John Reed
Bill Moyers interviewed former Citigroup chairman John Reed about the financial crisis. When asked about government regulation, he replied with this about cars and brakes (paraphrased): Reed: Why does a car have brakes? Moyers: To stop. Reed: NO! A car has brakes so...
Elizabeth Warren interviewed by Jon Stewart (The Daily Show)
Caught this interview with Elizabeth Warren on The Daily show. Particularly liked the part about value: Whenever we give tax breaks or spend tax money, we're investing. Those investments reflect our values, or rather, they reflect the values of our legislators: Tax...