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...

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...