The Economic Crisis
Articles about the recession and financial crisis that began in late 2007.
The privilege of introducing economist Richard Wolff to Orange County on Thursday night, February 12 at Santa Ana’s nifty Delhi Center finds me (and you) with an opportunity to consider our complicated Dickensian moment as lived, imagined, celebrated and challenged in this beautiful, benighted county.
Prof. Wolff joins Tim Danahey on The Tim Danahey Show to answer these questions:
Monthly Economic Update is co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church. “The Economics of a New Year”
These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For this February 4, 2015 they will include:
Running on an uncompromising anti-austerity platform, Greece’s Syriza party, the Coalition of the Radical Left, won a decisive victory over the conservative New Democracy party in the economically battered nation’s Jan. 25 election. Syriza fell only two seats short of winning an absolute majority in Greece’s 300-seat Parliament, prompting party leader Alexis Tsipras to form an alliance with the small, center right Independent Greeks party to form a governing coalition.
Saudi Arabia’s King Abdullah bin Abdulaziz has died in hospital while undergoing treatment for pneumonia. An official statement has named Saudi Crown Prince Salman the new king.
Updates on Obama's SOTU speech, ECB pumps up money supply to stimulate Europe, forgiving Greece's (just like Germany's) debts, and US housing extremes. Response to questions on global wealth inequality and Switzerland's currency maneuvers. Interview with Dr. Harriet Fraad on US economy's disastrous impact on children.
The wealthy elite are getting even richer, and a new report says that by 2016, the top 1% will control more than half of the world's wealth. What explains this staggering level of inequality, and is there any way to buck this trend? Prof. Wolff explains.