That was the title of an old British sitcom. It is also an appropriate question in today's economy. David Cay Johnston does us all a favor [more…]
Dean Baker complains about AIG bonuses being honored because they're contracts, whereas Detroit and, possibly, Chicago city employees pensions are in line to be slashed [more…]
I can understand why capitalists are opposed to democracy: the impulse of the masses is - usually - to redistribute some of the loot downwards [more…]
OK, let's end the week with one last optimistic hurrah. Today's employment report was pretty good. That's probably less enthusiasm than you will sense in [more…]
Yesterday's reports of economic strength have been followed by a couple of similar reports today. We are spoiled by good news. Well sort of.
I was asked yesterday, by a stranger who knew that I write about such things, what I think about the economy. I said it sucks. [more…]
Those looking for economics to cure itself will be waiting a long time. We need a generation to die out first. Maybe two. Maybe it [more…]
The Cleveland Plain Dealer reports that a Walmart in Canton Ohio is having a drive to raise food for the needy. How socially aware of [more…]
But we all know that already.
Yet another report has been produced documenting just how dysfunctional the American health care system is. It makes for [more…]
What an odd occasion. Janet Yellin's appearance before the Senate committee responsible for pressing her appointment as head of the Fed was nowhere near the [more…]