The credit led to an enormous transfer of wealth to sellers and lenders at the expense of buyers. For Immediate Release: April 18, 2012 Contact: Alan Barber, (202) 293-5380 x115 Washington, D.C.- In February of 2009, with the housing market in a free fall, Congress decided to add a first-time homebuyer tax credit to the [...]
Germany and Europe’s Path to the 19th Century
March 31, 2012 By
The Real News Network Francisco Louçã: European elite wants to undo the “social contract”; Germany wants more control More at The Real News
19 Million Jobs For U.S. Workers: The Impact Of Channeling $1.4 Trillion In Excess Liquid Asset Holdings Into Productive Investments
December 22, 2011 By
A new report is available at the Political Economy Research Institue, PERI. 19 Million Jobs For U.S. Workers: The Impact Of Channeling $1.4 Trillion In Excess Liquid Asset Holdings Into Productive Investments Pollin, Robert | Heintz, James | Garrett-Peltier, Heidi | Wicks-Lim, Jeannette | 12/5/2011 Download the full report from the PERI Website 1.2 MB [...]
Banks Holding 1.4 Trillion, Could Create 19 Million Jobs
December 22, 2011 By
The Real News Network December 21, 2011 Bob Pollin: Study looks at impact of 1.4 trillion in excess liquid asset holdings if put in productive investments More at The Real News
$7.7 Trillion to Wall Street – Anything to Keep the Banksters Happy!
December 5, 2011 By
Global Geopolitics & Political Economy Originally Published on Truthout Saturday 3 December 2011 Read the article in its original form on Truthout By: Thom Hartmann, Truthout | News Analysis Do you know who Elizabeth Duke is? How about Donald Kohn or Kevin Warsh? No? Well – you should. Because while Congress was debating back in [...]
Lehman Three Years Later: What We Haven’t Learned
September 12, 2011 By
Global Geopolitics & Political Economy The Guardian Unlimited, September 12, 2011 See the article in its original form. Dean Baker As we prepare to celebrate the third anniversary of the Lehman bankruptcy and the ensuing financial crisis, it’s a good time to assess the situation and ask what has changed. The answer is not encouraging. [...]
U.S. Audit Faults Fed For $16 Trillion Secret Loans
August 15, 2011 By
Global Geopolitics & Political Economy / IDN By Jutta Wolf IDN-InDepth NewsReport BERLIN (IDN) – While the world held its breath in the long drawn political tug-of-war between the White House and Republican Party leaders until beginning of August 2011, Senator Bernie Sanders posted on his website startling findings of a top-to-bottom audit of the [...]
The Sorrow and the Pity of Economists (Like DeLong) Not Learning from Their Mistakes « naked capitalism
July 7, 2011 By
The Sorrow and the Pity of Economists (Like DeLong) Not Learning from Their Mistakes « naked capitalism By Yves Smith on Naked Capitalism Thursday, July 7, 2011 I hate to seem to be beating up on Brad DeLong. Seriously. As I’ve said before, he is one of the few economists willing to admit error and [...]
