The Panoptic Effect

By: Sunday August 10, 2014 11:08 am

Who benefits from the regimentation of our lives? Who benefits from the all-seeing eye?

 

Imagine…A Minimum Wage Your Daughter [Or Son] Could Live On

By: Thursday February 14, 2013 4:52 pm

The Australian minimum wage this year is $15.96 per hour. I know this mostly because my daughter lives in Melbourne these days (not forever, I hope). When she arrived there 18 months ago, she got a job at a minimum-wage restaurant. She earned enough to cover her rent and other expenses.

Corporate Profits Zooming as Job Growth Lags

By: Friday June 1, 2012 9:20 am

The terrible jobs report should be matched with another set of data to point out that this is the economy that corporate executives have wanted for a long time. Because they are not suffering in a time of weak demand. They’re actually thriving.

David Brooks Is Projecting His Self Indulgence Again

By: Tuesday December 27, 2011 12:50 pm

For the most part David Brooks’ column is a confused diatribe against the Obama administration’s economic policies with a lecture on moral rectitude thrown in for good measure. He starts by condemning the efforts to stimulate the economy, which he misrepresents. Then it gets worse.

Krugman Takes Out Barro and Mankiw with One Chart

By: Monday September 12, 2011 12:20 pm

In the New York Times Economists Bowl, I call it Princeton 2, Harvard 0.

Dear Trade Associations, Why do You Despise the Workers?

By: Monday November 9, 2009 8:43 am

Trade associations are leeches and parasites, but it’s the productive workers who get screwed.

FDL Book Salon Welcomes Jared Bernstein: ‘Crunch’

By: Sunday September 21, 2008 2:00 pm

For most of us (John McCain excepted), the collapse of Lehman Brothers, Fannie Mae, Freddie Mac, Bear Stearns, Merrill Lynch, AIG (and others no doubt yet to come), is a clear sign something major has gone wrong with our financial system.

One of the main culprits in this debacle is the deregulation of the financial industry—which happened in large part through the efforts of McCain economic adviser Phil Gramm, who as senator, pushed through legislation allowing institutions to combine commercial banking and investment services.

FDL Book Salon Welcomes Steven Greenhouse: ‘The Big Squeeze’

By: Sunday August 17, 2008 2:00 pm

Quick, let’s all raise our hands: How many of us could live on less than $10 an hour?

That’s a take-home pay of roughly $300 a week. Most one-bedroom apartments cost at least $1,000 a month. Ooops. There goes nearly the entire salary in one rent check.

So how do the nearly 33 million U.S. workers who make less than $10 an hour survive?

We’re Squeeeeeezed

By: Thursday May 8, 2008 10:00 am

Good news. Just found out author Jared Bernstein can join us for a short time. Help me welcome Jared, a progressive economist at the Economic Policy Institute here in Washington, D.C. Jared can discuss anything from “guns vs. butter,” to “how the capitalists killed capitalism”—and make it understandable.

Economics is scary.

Economic Disaster Longtime Coming

By: Thursday January 24, 2008 10:30 am

Back in January 2001, in an article presciently titled: “Bush: ‘Our Long National Nightmare of Peace and Prosperity is Finally Over,’ ” The Onion satirized the list of horrors on our horizon following the installation of the Bush regime. Here’s what The Onion had to say about Bush and America’s economy:

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