Job Situation Looks a Little Worse
From the New York Times Economix Blog by Floyd Russell: Every year at this time, the Labor Department tells us how badly it blew the previous year’s job figures. In…
With Summers out, Yellen is now favored to lead the Federal Reserve
In the last month, a groundswell of opposition from economists and the public alike has led to positive development. After a major announcement last week by 3 key Democratic Senators…
On America’s Sinking Middle Class
From the New York Times September 18, 2013 By Eduardo Porter In some respects, 1988 has the feel of an alien, distant era. There was no such thing as the…
Update: SEC fines JPMorgan Chase $920 million for trading loss cover up
From today’s NYT DealBook Blog: More than a year after a group of traders at JPMorgan Chase caused a multibillion-dollar loss, government authorities on Thursday imposed a $920 million fine…
Update: 300 economists sign letter supporting nomination of Yellen as Fed Chair
From today’s LA Times: More than 300 economists have signed anopen letter to President Obama urging him to nominate Janet L. Yellen to be the next head of the Federal Reserve, citing her “consistently good judgment”…
Labor meeting stresses immigration reform, reaches out to non-unions
At one of the largest annual gatherings of union workers nationwide, overtures are being made to reform the labor movement by forming official alliances with non-union progressive causes including that…
Nobel laureate criticizes Summers for deregulation leading to recession
Nobel laureate economist Joseph Stiglitz makes a case for Janet Yellen to head the Federal Reserve, and criticizes Larry Summers, who is President Obama’s alleged first choice, for his support…
Summers opposed as pick for Fed Chair by Editorial Board of the NYT
The editorial board of the New York Times makes a clear and convincing case that Lawrence Summers should not be nominated as the Chair of the Federal Reserve. I couldn’t agree…