Category Archives: ECONOMY

Buddhist Economics: Raj Patel Suggests a New Way to Define Value

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Gap Between Rich And Poor Named 8th Wonder Of The World

The Onion “It’s breathtaking,” said Goldman Sachs CEO Lloyd Blankfein, a longtime champion and benefactor of the rift’s conservation. “After all we’ve been through in recent years, there’s no greater privilege than watching it grow bigger and bigger each day. … Continue reading

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Think Again: American Decline

By Gideon Rachman Foreign Policy “We’ve Heard All This About American Decline Before.” This time it’s different. It’s certainly true that America has been through cycles of declinism in the past. Campaigning for the presidency in 1960, John F. Kennedy … Continue reading

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Should GE’s Jeffrey Immelt Really Be Leading Our Job Creation Strategy?

By Scott Paul HUFFINGTON POST You would have difficulty finding a company that has outsourced more jobs and closed more American factories than GE. There is no swifter way to alienate working class voters than to name an outsourcing CEO … Continue reading

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Jeffrey Immelt, GE CEO, To Replace Volcker On Obama’s Economic Team

By Lila Shapiro HUFFINGTON POST Early Friday morning, Obama announced a significant shift for the White House economic team: the war against Wall Street greed has lost a major player, and corporate America has gained an advocate. General Electric CEO … Continue reading

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Obama’s Bogus Explanation For Troubles: Too Much Regulation

By Peter S. Goodman HUFFINGTON POST Now he has done it again, throwing a bone to financial lobbyists and their brethren in other industries while burying truth. Unable to point to real gains in fixing the economy, Obama instead engages … Continue reading

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Why You Should Feel Cheated, Deceived and Sickened by America’s Stunning Inequality, Even If You’re Doing Well

By Paul Buchheit AlterNet If middle- and upper-middle-class families had the same share of the economic pie as in 1980, they’d be making an average of $12,500 more per year. Why should a relatively prosperous upper-middle-class family care about inequality? … Continue reading

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SOLUTIONS: Swiss whistleblower Rudolf Elmer plans to hand over offshore banking secrets of the rich and famous to WikiLeaks

By Ed Vulliamy GUARDIAN “What I am objecting to is not one particular bank, but a system of structures,” he told the Observer. “I have worked for major banks other than Julius Baer, and the one thing on which I … Continue reading

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The Progressive Case Against Obama’s New Team

By Dean Baker, Co-Director of the Center for Economic and Policy Research HUFFINGTON POST This is the small matter that leads progressives to be unhappy with the renewed dominance of the Clinton economic team. If progressives had devised policies that … Continue reading

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The Bill Daley Problem

By Simon Johnson HUFFINGTON POST Top bankers, including Bill Daley, have pulled off a complete snow job — including since the crisis broke in fall 2008. They have put forward their special interests while claiming to represent the general interest. … Continue reading

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