Updates on big FED decisions; Yale and other rich folks; Polish, Colombian and Greek workers fight back; and taxpayers subsidize WalMart. Interview Sarah Jaffe on low paid US workers mobilizing. Response to listeners on (1) Michigan take-over of Pontiac and impact on all workers and (2) new statistics show "recovery" has only been for top 1%.
Update on fast-food CEO pay, lost output from Great Recession, US healthcare overcharging explained, Treasury Secretary Paulson explains his deference to bankers, and the 1% US poorest. Major discussions on differences and conflicts between big and small businesses in capitalism and how Marxian economics differs from Neoclassical and Keynesian economics.
Professor Wolff joins Mike Walter on Biz Asia America to talk about the upcoming G20 summit in Russia and what can be done to spur global economic growth.
Update on intern's death in London, austerity and suicide, over-prescribing anti-depressants, cutting health benefits, and laying off mortgage workers at Wells Fargo. Major discussions of the economics of the richest 1% and their relation to the Democratic Party in the US. Continuing response to listeners on defining capitalism and Black Star workers coop (brewpub) in Austin, Texas.
Updates on Social Security, real wage decline, part-time work, political mavericks and others, subsidy for Walmart. Interview with Laura Gottesdeiner on foreclosure epidemic. Response to listeners on demographic change and economics.
On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis.
This article originally appeared at USA Today.
Christin King, like many college students, is worried about keeping up her grades and squeezing in extracurricular activities while holding a job.
“I’m really stressing out,” she says. “I don’t know how I’m going to fit it all in.”
This article originally appeared at Moyers & Company.
The March on Washington aimed to secure a decent, livable wage for all Americans as a way to reduce income inequality. Fifty years later, that noble goal remains unachieved. In fact, the 1970s proved to be a turning point. The decades since show a steady decline in the share of national income going to the lower 50 percent and, indeed, to the lower 90 percent of American households.
This article originally appeared at Truthout.
Endless debates over austerity vs. stimulus policies agitate governments. Which is "the correct" one to escape global capitalism's ongoing crisis? The debates proceed as if official policies were key to ending crises. But the politicians' fights over policies are mostly distractions from the main events: how crises usually end themselves and their immense social costs.
Updates on polls on the economy, austerity and national debts, financial transaction tax, North Carolina's people mobilize on economics, G-20 plans to tax corporations, austerity's privatization effects, and Walmart fights DC to keep minimum wage low. Major discussions on Detroit's bankruptcy and private versus public enterprises. Response to listeners on "wagemark" and on capitalism and race.
Professor Wolff joins Amy Goodman to discuss President Obama's "Drop Dead" moment for Detroit.
A transcript of this video is available at Portside.