Fed Chairwoman Yellen Inquires About How the Unemployed Find Jobs

The Wall Street Journal’s Real Time Economics Blog, By Pedro Nicolaci da Costa, October 16

Chelsea, MA —Federal Reserve Chairwoman Janet Yellen on Thursday visited a nonprofit group here that helps unemployed people find work, and posed a question at the heart of the central bank’s debate over when to start raising interest rates.

“I’d [...]

Americans Face Post-foreclosure Hell As Wages Garnished, Assets Seized

Reuters, By Michelle Conlin, Ocotber 14

New York – Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their [...]

Slumming It

The gospel of wealth comes for Dharavi

The Baffler, By Daniel Brook, Baffler No. 25 (October? November?)

In a speech to the financial elite of India delivered in Mumbai in 2010, president Barack Obama opted for an unusual form of flattery. He saluted “all the Mumbaikars who get up every day in this City of [...]

The audacity to ‘fart in the elevator’ and the lingering anger over the AIG bailout

The government gave AIG $180bn. The company’s former CEO is suing, claiming it robbed him of the value of his shares.

The Guardian, By Chris Arnade, October 9

The senior managing director – a top-ranking banker – walked onto the crowded elevator, focus fixed on her Blackberry, pressed the elevator button and farted loudly. As [...]

More Ian Welsh: “Why the Economy is Bad for Most People and Getting Worse”

From Ian’s October 6 blog entry : This is the second collation of articles on why our world is what it is, and how we can change it. Some of these articles are old, as I don’t write as much as I used to about economics because the decision points for avoiding a completely lousy [...]

The Wages of Capitalism

Winston Churchill once famously said of Democracy, “Democracy is the worst form of government, except for all the others.” Oddly, he also said, “The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”

I say “oddly,” because of Naomi Klein and [...]

Fired financial regulator releases secret tapes of Goldman Sachs meetings

Carmen Segarra, 41, said she began recording meetings because she couldn’t believe how the regulators bowed and scraped to the behemoth investment bank. The tapes were released to ProPublica and This American Life.

New York Daily News, By Ginger Adams Otis, September 27

A fired financial regulator whose job was to oversee Goldman Sachs for [...]

The United Kingdom Nearly Died for Margaret Thatcher’s Sins

The Scots got sick and tired of Thatcherite policies imposed from London.

The American Prospect, By Robert Kuttner, September 23

Why on earth did the Scots, largely quiescent as part of Great Britain for three centuries, suddenly become the mouse that roared?

It wasn’t because they became besotted watching re-runs of Braveheart or Rob Roy, [...]

How Democracy Dies

Tocqueville taught that restless private obsessions would degrade civic commitments close to home.

The American Conservative, By Patrick J. Deneen, September 12

If there are two things that one is likely to hear from college faculty today, they are that 1. Students are too careerist, and 2. We need a more democratic society. They worry [...]

How Hillary Clinton’s State Department Sold Fracking to the World

A trove of secret documents details the US government’s global push for shale gas.

Mother Jones, By Mariah Blake, September/October ’14

One icy morning in February 2012, Hillary Clinton’s plane touched down in the Bulgarian capital, Sofia, which was just digging out from a fierce blizzard. Wrapped in a thick coat, the secretary of state [...]

Obama Despair

It seems like so very long ago, many of us here at The Agonist gave up on Barack Obama. It was long ago – six years now – which is a long time considering the progress the United States could have made had Obama been the leader he promised to be. My disillusionment was almost [...]

Who The Fck Is Campbell Brown?

Esquire, By Charlie Pierce, August 6

To paraphrase from my grandmother, the former shepherd lass from the hills and hollows of north Kerry, who the fck is Campbell Brown when she’s at home?

Well, on the basics, she’s from Ferriday, Louisiana, the hometown of Jerry Lee Lewis, and she graduated from Regis University in Denver [...]

If You Had Told Me This Appeared on The Federalist Website….

…I would have laughed in your face. But it did:

Why abandon K-Street, and acknowledge, then reject, the Big Business perception of the GOP? They’ve had the Republican Party’s back for some time, right? In the past, the largest companies favored one party over the other because they understood a pro-capitalist, low-regulation government benefits [...]

BP’s Latest Estimate Says World’s Oil Will Last 53.3 Years

OilPrice.com, By Andy Tully, July 13

According to BP, drivers whose vehicles rely on burning oil have a little more than a half-century to find alternate sources of energy. Or walk.

BP’s annual report on proved global oil reserves says that as of the end of 2013, Earth has nearly 1.688 trillion barrels of crude, [...]

Losing Sparta

The Bitter Truth Behind the Gospel of Productivity

VQR, By Esther Kaplan, Summer 2014

When Lisa Norris was a kid in Cookeville, Tennessee, her father worked at Acme Boots, and that plant and her childhood were intertwined. One of her earliest memories is of wandering around the factory among bins of leather, breathing in the [...]

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