Updates on LIBOR-bank scandal in London and looming big city bankruptcy in North Las Vegas. Interview Prof. William K. Tabb on banks and finance. Responses to questions on relation of anarchism and Marxism and on basic issues in US healthcare debate.
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.We will focus on wages, jobs, taxes, and debts - and on interest rates, prices, and profits. We aim to explain why certain economic changes are happening and other changes get postponed or blocked and we will explore alternative ways to organize enterprises, markets, and government policies. Economic Update is a weekly show for people who want to understand and change not only their own financial situation but also the larger economy we all depend on.