|Filed Under:||Business & Finance / Economics|
|Posts on Regator:||1587|
|Posts / Week:||5.3|
|Archived Since:||June 7, 2008|
In a full-page ad in Thursday’s New York Times, the Employment Policies Institute urged readers to “take a closer look” at eight of the 600 economists who have signed a petition endorsing a minimum-wage increase. (Four of the eight have … Continue reading ? The post Full-Page NYT Ad Against Proponents of Wage Hike appeared first on Dollars & Sense Blog.
Back when I first studied economics, we “proved” in class that a minimum wage causes unemployment. You just draw supply and demand curves for labor, add a horizontal line for a wage above the “market clearing” competitive equilibrium...Show More Summary
According to New York Mayor Bill DeBlasio, “If we’re subsidizing companies, we have every right to demand a living wage for the people they pay.” He’s referring to conventional Democratic Party wisdom that taxpayers subsidize Wal-Mart and other large low-wage … Continue reading ? The post The Affordable Care Act Will Raise Wages appeared first on Dollars & Sense Blog.
Our January/February issue is (finally) out. We had already been posting articles (it’s the layout that takes so long); but today I was able to post the cover article, Sustainability Squared, by Polly Cleveland, and the table of contents. Here … Continue reading ? The post New Issue! appeared first on Dollars & Sense Blog.
Under incoming Federal Reserve Chair Janet Yellen, the United States Federal Reserve Bank will begin to “taper” its program of “Quantitative Easing” or “QE”. Under QE, the Fed every month buys billions of U.S. Treasury bonds and other...Show More Summary
A long post (originally from New Economic Perspectives), but a tour-de-force takedown of prominent UK neoclassical economist Richard Portes and his co-author Fridrik Már Baldursson who got it wrong about Iceland’s banking system just...Show More Summary
Frequent D&S author interviewed on The Real News Network about JPMorgan Chase’s Maddoff-related settlement, in which the bank admitted guilt, but no officers of the bank will face prosecution. Great summary of the basics. Bill is interviewed by TRNN’s Kayla … Continue reading ? The post Bill Black on JPMorgan Chase Madoff Settlement appeared first on Dollars & Sense Blog.
A New Year’s joke: First person: “Happy 2015!” Second person: “Don’t you mean Happy 2014?” First person: “Well, my resolution is to stop putting things off. So, Happy 2015!” (Can you tell I made that up?) I have been super-negligent … Continue reading ? The post New Year links, and a joke appeared first on Dollars & Sense Blog.
This and that before I leave town. (1) Judge Rakoff Excoriates Justice Dept. on Failure to Prosecute Banksters: Jed S. Rakoff, The Financial Crisis: Why Have No High-Level Executives Been Prosecuted? New York Review of Books. The Times‘ Adam Liptak on … Continue reading ? The post Rakoff on “Willful Blindness” and other links appeared first on Dollars & Sense Blog.
Having boxed themselves into a political dead-end by adopting the austerity agenda of the business community as represented by the Illinois “Civic Federation,” Democratic House Speaker Michael Madigan and Democratic Governor Pat Quinn on Tuesday, Dec. Show More Summary
I just posted a piece Katherine Sciacchitano wrote for us about pensions and Detroit’s bankruptcy, The Pension-Busters’ Playbook. We asked Katherine to write an addendum to her excellent cover story for our annual labor issue last year, Making Labor Pay, … Continue reading ? The post Detroit Bankruptcy and Pensions appeared first on Dollars & Sense Blog.
(1) New Issue! Our November/December 2013 issue is finally done (sent to the printers and to e-subscribers, anyhow). Here is the editorial note from p. 2 describing the issue: Change Is in the Air Frequent D&S contributor Bill Black has … Continue reading ? The post New Issue! Plus links. appeared first on Dollars & Sense Blog.
For every one that doeth evil hateth the light, neither cometh to the light, lest his deeds should be reproved. John: 3:20 The effort by corporate CEOs to dominate the global economy and global government is reaching the end-game stage. … Continue reading ? The post Will the Chilean People Save the U.S. by Electing Michelle Bachelet? appeared first on Dollars & Sense Blog.
The best thing that the Department of Justice (DOJ) could do immediately to restore faith in the criminal justice system is to prosecute Steven Cohen, the head of SAC. The indictment of SAC charges that many SAC officers committed crimes...Show More Summary
.Cross-posted at New Economic Perspectives.. The U.S. Attorney for the Eastern District of California is Benjamin Wagner. From the Wall Street Journal,J.P. Morgan Aimed to Limit Damage: “Once the U.S. government built a case against J.P. Show More Summary
(I have been meaning to post Lou Reed’s “Strawman.” My favorite line: “Does anybody need another president?” The rest of the lyrics are pasted below; click here if you don’t see the embedded video.) Doug Short at Advisor Perspectives had an … Continue reading ? The post What If Chained CPI Had Been Used to Calculate COLAs Since 2002? appeared first on Dollars & Sense Blog.
Ok, I need to get a lot of links off my plate (to mix metaphors–unless we’re talking about sausages?)–some great stuff I want to pass on but haven’t had time to. (1) JPMorgan Chase Settlement(s): Bill Moyers interviews Gretchen … Continue reading ? The post JPMorgan Chase and BoA, etc. appeared first on Dollars & Sense Blog.
I am working on a post on the JPMorgan Chase settlement and the BoA judgment, and I have a couple of other items I’ve been meaning to post. But for now I want to alert blog readers to two great … Continue reading ? The post Pitchforks and Revolutions appeared first on Dollars & Sense Blog.
This post is inspired by David Firestone’s article in the New York Times entitled “Boehner’s Last Stand.” Firestone’s lead is the key: “The nature of Speaker John Boehner’s final battle with the White House on the budget crisis is now … Continue reading ? The post Bill Black: Boehner’s Trophy appeared first on Dollars & Sense Blog.
(1) New Economy Week: It’s New Economy Week! Sponsored by the New Economics Institute. I have just two related items to mention: Our November/December issue will feature an article by Abby Scher on alternative finance, with a focus on alternative … Continue reading ? The post The 2013 Sveriges Riksbank (“Nobel”) Prize, New Economy Week, etc. Show More Summary