Economy Topics

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Cornel West on Charles Rangel, Bush & Kanye West, and Why Obama Admin "Seems to Have Very Little Concern for Poor People"

Princeton University professor and author Cornel West join us to talk about Rep. Charles Rangel (D-NY) being censured for ethics violations, President George W. Bush saying the worst moment of his presidency was when Kanye West called him a racist, and President Obama’s policies toward the poor. "The Obama administration seems to have very little concern for poor people and their social misery," West said. [includes rush transcript]
Nov 19, 2010 | Story
Economist Ha-Joon Chang on Currency Wars, the G20, and Why "There’s No Such Thing as a Free Market"

Korean-born economist Ha-Joon Chang teaches economics at the University of Cambridge and is the author of the forthcoming book, 23 Things They Don’t Tell You about Capitalism. " [Obama] has to buy time to restructure the economy without creating a recession by sustaining this deficit spending, because otherwise our other option is going back to the 1930s," Chang says. "Don’t forget that in the 1930s a lot of countries started...
Nov 19, 2010 | Story
Economist Ha-Joon Chang on the G20 Summit, Currency Wars and Why the Free Market is a "Myth"

Ha-Joon Chang teaches economics at the University of Cambridge. He is the author of the forthcoming book 23 Things They Don’t Tell You About Capitalism. His previous book was titled Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism. [includes rush transcript]
Nov 12, 2010 | Web Exclusive
A Look at Argentina's Economic Rebellion and the Social Movements that Led It

As we broadcast from Buenos Aires, we look at the economic rebellion of Argentina that took place after the government defaulted on $95 billion in foreign loans in 2001. The next two years saw record protests and social upheavals that changed the country’s political landscape. Today, Argentina’s current president Cristina Kirchner is in South Korea taking part in the G20 summit. We speak with Ezequiel Adamovsky, a historian and activist...
Nov 12, 2010 | Story
Obama Deficit Commission Criticized for Proposals to Slash Social Security, Medicare

The co-chairmen of the bipartisan presidential deficit commission released a list of recommendations Wednesday on ways to reduce the nation’s deficit by $4 trillion by 2020. Co-chairmen Erskine Bowles and Alan Simpson have proposed raising the retirement age for Social Security to 69 by the year 2075, decreasing the cost of living benefits for Social Security recipients, imposing new limits on the Medicare health insurance program, and ending...
Nov 11, 2010 | Story
New $600B Fed Stimulus Fuels Fears of US Currency War

The Federal Reserve will pump $600 billion more into the US economy and keep interest rates at historical low levels. The short-term impact of the Fed’s move, known as quantitative easing, has been a jump in stock prices across the globe. Many nations, however, have accused the United States of waging a currency war by devaluing the dollar. We speak to former Wall Street economist and University of Missouri professor Michael Hudson. "The...
Nov 05, 2010 | Story
"When Banks Are the Robbers." By Amy Goodman

The big banks that caused the collapse of the global finance market, and received tens of billions of dollars in taxpayer-funded bailouts, have likely been engaging in wholesale fraud against homeowners and the courts.
Oct 20, 2010 | Columns & Articles
Nobel Laureate Joseph Stiglitz: Foreclosure Moratorium, Government Stimulus Needed to Revive US Economy

As the Obama administration rejects a foreclosure moratorium and austerity protests grip Europe, we assess the state of the US and global economy with Nobel Prize-winning economist Joseph Stiglitz, author of Freefall: America, Free Markets, and the Sinking of the World Economy. Stiglitz backs calls for a foreclosure moratorium and says opponents of a new government stimulus "don’t understand basic economics." On war, Stiglitz says...
Oct 20, 2010 | Story
Paul Mason on _Live Working or Die Fighting: How the Working Class Went Global_

The Census Bureau’s latest report shows that the numbers of Americans living in poverty and without health insurance have skyrocketed. 43.6 million people — about one in seven — lived below the poverty level of $22,000 for a family of four in 2009, pushing the national poverty rate to a fifteen-year high of 14.3 percent. We speak with British journalist Paul Mason about his new book, Live Working or Die Fighting: How the Working...
Sep 24, 2010 | Story
"A Departure to Be Welcomed": Robert Scheer on Resignation of White House Economic Adviser and Deregulation Proponent Lawrence Summers

The makeup of President Obama’s economic team is being shaken up some more as Lawrence Summers has announced he is resigning as director of the National Economic Council later this year to return to Harvard University. According to Bloomberg News, the White House is considering naming a "prominent corporate executive" to replace Summers in order to counter Wall Street criticism that the administration is "anti-business."...
Sep 22, 2010 | Story