Senators Alarmed By Use of Rent-Setting Algorithm, Say It’s Helping Drive Inflation
How much is “information sharing” between mega property management companies driving the rise in housing costs?
Read more...Category Archives: The destruction of the middle class
The Financial Crisis of 2023: Protecting Big Finance, Coming and Going
The financial system needs to provide a safe place for businesses to place their reserves and working capital.
Read more...Austerity for the Plebes, Bank Rescues for the Rich
The bank panic is proving to be an exercise in class warfare that may well wind up further strengthening the right.
Read more...Why the Repeal of Anti-Union Laws in Michigan Boosts Workers Nationwide
The union revival is gaining ground, with the latest win being the reversal of a “right to work” law in Michigan.
Read more...How Debt Dynamics Polarize Economic and Political Power
An overview from Michael Hudson’s new book, The Collapse of Antiquity, which extends his analysis of how debt creates an entrenched elite.
Read more...Artificial Intelligence in Medicare Advantage Plans Impedes Access to Care
Another reputable body reports more examples of Medicare Advantage plans using AI to engage in insurance fraud.
Read more...Crash Landing? Part 2 – The Usual Suspects
What parts of the financial system are most vulnerable to a crash?
Read more...What’s Actually Behind the Banking Crisis? Why You Pay When They Play.
Law and economics expert Walker Todd explains how a financialized system creates havoc and why it’s time to rethink banking
Read more...The Fed Accused of ‘Playing With Fire’ After Latest Rate Hike
The Fed confirms that its priority is crushing workers, and it believes it’s protected banks enough to allow it to continue.
Read more...Kshama Sawant: Workers Strike Back
Sawant wants to take more forceful and concerted steps to advance workers’ interest. How do her ideas stack up?
Read more...How Monetary Policy Affects Bank Lending and Financial Stability: A ‘Credit Creation Theory of Banking’ Explanation
Another nail in “loanable funds”, which justfies austerity but does not explain how central banks produce credit and monetary growht.
Read more...How the Current Refusal to Deal Harshly with Failing Banks and Their Executives Will Create an Even Bigger Crisis
Why the expected official response to this bank panic wil make matters much worse, just not right away.
Read more...Medicare Advantage Uses Algorithms to Block Care for Seniors
How AI is institutionalizing Medicare Adantage fraud, to the degree that appeals of denials often outrun the patient’s life.
Read more...Why is America So Anti-City? It Holds Back the Entire Country
oth parties are exacerbating the city/country split. How different are their interests?
Read more...The High and Getting Higher Cost of Renting in the US
Why renting is even more expensive than ever, even pinching the soi-disant middle class.
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