The economic costs of financial crises are large. Much effort has been put into quantifying the direct economic costs due to unemployment, production contraction, and … The hidden victims of the Global CrisisRead more
Economics
Obama, Clinton Pushed Trade Deal
Years before more than a hundred media outlets around the world released stories Sunday exposing a massive network of global tax evasion detailed in the … Obama, Clinton Pushed Trade DealRead more
Oil companies have always made their own foreign policy
Adam Hochschild talking: Torkild Rieber, the CEO of Texaco he was a remarkable man who had a remarkable effect on this period—and is almost unnoticed … Oil companies have always made their own foreign policyRead more
Jailing the Banksters Continued (Iceland Not US, Duh)
While the U.S. is busily and boldly jailing hapless poor black people over unpaid speeding tickets, Iceland doggedly persists in going after the true scofflaws … Jailing the Banksters Continued (Iceland Not US, Duh)Read more
Leaked Memo Reveals IMF (Still) Wants Out of Greece Bailout and Plots to Pressure Germany to Act
While a leaked IMF memo does not represent a crisis, it’s awfully reminiscent of the bad old days of 2007 and 2008, where the really … Leaked Memo Reveals IMF (Still) Wants Out of Greece Bailout and Plots to Pressure Germany to ActRead more
How African Slavery Civilized Britain
Friday marks the anniversary of the Parliamentary abolition of the slave trade in the British Empire. Over the course of three centuries, Britain became the … How African Slavery Civilized BritainRead more
We are New York’s millionaires and we say: raise our taxes
Dear Governor Cuomo and Legislative Leaders, We are upper‐income New Yorkers who treasure the quality of life in our state. However, we are deeply concerned … We are New York’s millionaires and we say: raise our taxesRead more
How Israel makes money from blockading Gaza
Palestinians whose livelihoods are forcibly enmeshed in Israel’s economic system are often used as human shields against the boycott, divestment and sanctions (BDS) movement. The … How Israel makes money from blockading GazaRead more

