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Wall Street in the White House?

The Republican Party may have its doubts about Mitt Romney, but when it comes to Wall Street it is a completely different story. Financial executives are throwing their support, and their money, behind Romney's bid for the White House.

Figures released recently show Wall Street has shifted its support toward the former Massachusetts governor and away from Barack Obama, the US president.

Economic Update on WBAI Feb 25th, 2012

Updates on workers' sit-in this week at Chicago window factory, French presidential election as a referendum on austerity response to capitalist crisis, and failure of US to prosecute financial crime. Interview with Economics Professor Richard McIntyre, University of Rhode Island, on today's "jobless recovery," comparing workers' militancy in the 1930s to conditions today, questioning "human rights" as the way forward for workers and unions.

February Monthly Update on ForaTV

This month, I am testing a trial partnership with ForaTV to disseminate widely the Monthly Economic Update I prepare. Fora TV charges $5.95. For three years, all my interviews, articles, lectures, blogs, podcasts and radio programs have been free. Most will continue to be.   However, because my team of four devote much time and effort to arrange, tape, process, and post each item to reach the maximum number of people, they need some remuneration.

Economic Update on WBAI Feb 18th, 2012

Updates today on the crisis/looming civil conflict in Greece over austerity program, on the real wage decline and productivity growth in US during 2011, and on overcrowded prisons versus "falling" crime rate. Guest interview of Prof. William Strickland, African-American Studies, University of Massachusetts discussing economic crisis and African-Americans, the economic impact of Obama and the legacies of WEB DuBois, Malcolm X, and MLKing.

Is the Working Class "Coming Apart"? (Podcast)

Charles Murray's new book, Coming Apart,is criticized as a "blame-the-victim" argument applied to the white working class just as Patrick Moynihan applied it to the African-American working class in the 1960s. Murray excludes and thereby exonerates the economic system from responsibility for working class suffering and dysfunction; he blames instead character flaws somehow newly developed in that class.We develop a counterargument that locates the behaviors of both the 1% and the 99% in their logical responses to a dysfunctional economic system.

US Money in Politics

Professor Wolff speaks about the role of money is US politics, particularly in relation to the elections on Al Jazeera English

This is no bailout for Main Street America

 

This article originally appeared in the Guardian's Comment is Free on February 9, 2012

Big announcements of breakthrough legislative deals during election campaigns should be taken with huge grains of salt. Generally more rhetoric than reality, they sometimes contain real concessions made by politicians seeking votes. So it is with Thursday's Washington announcement of $25bn to help homeowners. Something significant is happening, but it lies below the surface of the headlines.

Turning Toward Solutions

 

First appeared in Dollars & Sense, February 2012

How to Occupy the Economy: According to Richard Wolff

The interview took place on Making Contact 

Occupy Wall Street has changed the conversation about the distribution of wealth, and an economic framework which for decades, has been taken for granted. So what now? What policy changes and initiatives should the movement be pushing for? On this edition, University of Massachusetts at Amherst emeritus economics professor Richard Wolff speaks about some of the roots of, and solutions to, the economic inequality that’s finally being acknowledged.

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