The Economic Crisis
Articles about the recession and financial crisis that began in late 2007.
Updates on extreme poverty, workers' victory over tech giants, NFL concussions, Trump's economics analyzed, and Oakland for worker coops. Response to listeners on workers who lost out from 2007-2014 and on injustice of state and local taxes. Major discussions of (1) last week's stock market gyrations and (2) the resurgence of socialism.
In this 1-hour radio interview with 89.9 FM WORT in Madison, WI, Prof. Wolff talks about Katrina and NOLA, global warming, and the whole private versus state debate.
This article was written by Cole Stangler for International Business Times. Prof. Wolff was interviewed and quoted by Stangler in this piece.
As financial markets dip, crater and then surge once again, cable news networks are abuzz with frenzied analysis; pundits and investors alike offer up dozens of reasons for the sudden volatility; the Federal Reserve watches with bated breath. And all the while, much of the country is responding with a collective shrug.
Prof. Wolff talks to The Big Picture's Thom Hartmann about Monday’s historic lows in the financial markets. Prof. Wolff breaks down China’s economy and if the devaluation of the yuan is the root to this market meltdown. Then Prof. Wolff and Thom take a look at the U.S. economy and review wage growth, inequality, and pensions.
Updates on Labor Day's meaning, Amazon's workplace horrors, Dunkin Donuts' CEO against $ 15/hr, and how capitalism undermines recycling. Response to questions on shifting US federal tax burdens and on state's role in capitalist economies. Major discussion of criticism of capitalism and directions for a better system.
On July 23rd, at 6:00 p.m. there was a rally outside Victoria city hall held by Divest Victoria, which is a group that has been asking the city of Victoria to seek ways to invest municipal funds in a socially and ecologically responsible manner. At 7:00 p.m., the rally entered city hall to witness a debate and a vote on a motion put forward by Mayor Lisa Helps, councillor Jeremy Loveday, and councillor Ben Isitt to take the first steps in Divesting from fossil fuels.
Prof. Wolff talks about this and the divestment movement on Climate Jam.