How to avoid the austerity trap and s...
We now know austerity economics is bad for weak economies facing large budget deficits. Much of Europe is in recession because of budget cuts demanded by Germany. And as Europe’s economies shrink, their debts become proportionally larger, making a bad situation worse.
The commencement address that wonR...
Members of the Class of 2012, As a former secretary of labor and current professor, I feel I owe it to you to tell you the truth about the pieces of parchment you’re picking up today. You’re fucked.
How JP Morgan Chase has made the case...
J.P. Morgan Chase & Co., the nation’s largest bank, whose chief executive, Jamie Dimon, has led Wall Street’s war against regulation, announced Thursday it had lost $2 billion in trades over the past six weeks and could face an additional $1 billion of losses, due to excessively risky bets.
How Europe’s double dip could b...
Europe is in recession. Britain’s Office for National Statistics confirmed today (Wednesday) that in the first...
Bye Bye American Pie: The challenge o...
Here’s the good news. The economic pie is growing again. Growth in the 4th quarter last year hit 3 percent on an...
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