Interesting post from Yves at Naked Capitalism about Wall Street in the 1920's just before the Great Crash and Great Depression. Read it here.
I know the BP spill is scary (oil now washing up in the Florida Keys!) and I know a new vampire movie is coming out this month. But put the following two things together. First, let's look at Friday's unemployment report: The economy has lost 0.6 million jobs over the last year, and 7.4 million … Continue reading Scariest Thing You’ll See This Month
Mark Thoma agrees with Robert Reich and John Whitehead. I'll add my support too. Let's put unemployed teenagers to work NOW cleaning up the mess, even if we have BP has to pay to house them in the Gulf coast hotels that are rapidly losing business. "Put Jobless Young People to Work Cleaning Up BP’s … Continue reading Address Unemployment and the Oil Slick
Maxine Udall, Girl Economist, (love that blog title) has an excellent short rif on the topic of "make work" projects. Tea Partiers, Conservatives, Republicans, radio talk-show hosts and many right-leaning economists (politically right, not as in "correct") frequently attack the idea of government stimulus spending as being simply on "make work" projects. The implication is … Continue reading Government, the Private Sector, and “Make Work”
From Business Week online we get this story: Why Apple and Others Are Nervous About Foxconn The Chinese maker of iPhones and iPads has seen a rash of suicides—which may be a price of turning out low-price, high-quality goods Terry Gou says he has no idea why so many of his employees are killing themselves. … Continue reading Not in Your Micro Textbook: The High Price of iPads and iPhones