The GuardianDimon will appear before banking committee as massive loss brings renewed …The GuardianJP Morgan boss Jamie Dimon will appear before the Senate banking committee on 7 June to answer questions about the bank's $2bn trading loss. Dimon …
To many people, it seems paradoxical that conservatives target not the worst social programs, but the best. There is no paradox. Bad government programs are desirable from the right’s perspective – they discredit government intervention. Good … Continue reading →
Romney’s Lead Economist Urges Policies that will Cause the Next Financial Crisis
By William K. Black (Cross-posted from Benzinga.com) Presidential nominees of either U.S. party can secure economic advice from any economist in the world. This makes it all the more amazing and sad that they choose economists with track records of … Continue reading →
Romney’s Lead Economist Urges Policies that will Cause the Next Financial Crisis
“Pink slime” just had its fifteen minutes of fame. BPI, the producer of pink slime, calls it “Lean Finely Textured Beef.” BPI’s slogan is “expect a higher standard.” Pink slime starts with fatty tissues that are … Continue reading →
By William K. BlackApple has released a report on working conditions inits suppliers’ factories. It highlightsa form of control fraud that criminology has identified but rarelydiscussed. I write overwhelmingly aboutaccounting control frau…
Don’t miss William K. Black on today’s Firedoglake book salon. Professor Black will be chatting with Dylan Ratigan about his new book, Greedy Bastards: How We Can Stop Corporate Communists, Banksters, and Other Vampires …
The most active area of the global econ was being transnationally restructured and substantataially weakened evev as ‘hot money’ boomed in [only to rush out not so much later and help w/stockmarket keynsieismn in los estatdos unindos plus a bit of ye…
Econbrowser
September 07, 2011
Double Dip or Not? The Data and Policy Implications
We know that in the aftermath of combined housing busts, financial crises, and recessions, recoveries are typically modest if not halting, even if the recession is deep…
August 12, 2011
Aftershock to Economy Has a Precedent That Holds Lessons
By JAMES B. STEWART
Like earthquakes, financial crises seem to be accompanied by aftershocks, like the one we’ve been living through this week. They can feel every bit as bad a…
July 28, 2011
A Recovery That Repeats Its Painful Precedents
By BINYAMIN APPELBAUM
WASHINGTON
Earlier this year, as the economy began to sputter, Ben S. Bernanke, the chairman of the Federal Reserve, was asked about the historical evidence that recov…