Elizabeth Warren and Mary Jo White cross swords again…but how effective can Warren be after she hitches her star to Clinton?
Read more...Price deflation, and classic debt deflation dynamics, are staring to appear in India and China.
Read more...The substitution of human labour by artificial intelligence and robots is a keenly debated topic. Some claim that a substantial share of jobs is at risk, while others argue that computers and robots will lead to product innovations and hence to unimaginable new occupations. This column uses a survey of Japanese firms to examine the impact of AI-related technologies on business and employment. Overall, firms expect a positive impact on business but a negative impact on employment. Firms with a highly skilled workforce, however, have a more optimistic view than firms with lower skilled employees.
Read more...Hudson tallies the high cost of neoliberal ideology.
Read more...This chart shows how much the bottom 90% has lost ground while the top 10% has pulled away.
Read more...Trump as a symbol of an America morphing into a visibly less democratic fading empire.
Read more...Last week’s job report was not only disconcerting in and of itself, but it also bodes ill for labor market prospects.
Read more...Clinton is not interested in representing Sanders voters. They’ve gotten the memo and are acting accordingly
Read more...The true destructiveness of neoliberalism is becoming more and more apparent.
Read more...Real gains by average Americans won’t come financing gimmicks but from real growth in wages. And no one in authority seems willing to provide them.
Read more...The decline of CUNY as evidence that the superrich are killing the rest of us through a slow process of attrition
Read more...Tax inversions damage the already low credibility of Corporate America.
Read more...Yves here. In a bit of synchronicity, this post continues the theme of Dipherio’s podcast over the weekend on NAIRU, describing how other central banks around the world look at the issue of what inflation rate to try to achieve and why. I’m a little surprised that Epstein did not mention how the Fed kept […]
Read more...An explanation of NAIRU for novices, as well as a discussion of its politics.
Read more...The origin of how the Democratic party made sure its elites remained firmly in charge.
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