Tom Masterson Thomas Herndon Emily Kawano
The CPE is well represented on this episode of the radio show Your Friendly Neighborhood Economist. Tom Masterson interviews CPE member Thomas Herndon on the debates over economic austerity policies and CPE executive director Emily Kawano on the solidarity economy.
For more, see Thomas Herndon on the read more >
“Austerity’s Spreadsheet Error” - The Colbert Report
Curious for more details? Read the paper that started the fuss!
Bill O’Reilly thinks so. But Rick Wolff explains why this is not so in this interview clip from Democracy Now!
The Reading Eagle reports that officials are looking for ways to support co-ops as a way to boost the local economy. Read all about it here!
An article about CPE member economist Nancy Folbre, by Joel Bleifuss at In These Times.
In her work, Nancy Folbre, a University of Massachusetts economics professor, explores the intersection of feminist theory and political economy, with a special emphasis on what she calls “care work” – the labor, often outside the money economy, that goes into caring for children, the sick or the elderly.
She is well known for her ability to explain these ideas in simple, accessible language, both in [...] read more >
May 11, 2011
CPE members Randy Albelda and Gerald Friedman testified before the Massachusetts legislature’s joint committee on revenue on May 5, 2011 on behalf of “An Act to Invest in our Communities.” This proposal would raise approximately $1.2 for schools and social services in Massachusetts by raising the tax rate on capital gains and interest and dividend income and the income tax rate while simultaneously raising the personal exemption; the net effect would be to raise taxes on households [...] read more >
James Hamilton, at Econbrowser, notes that he’s surprised by the 0.75% increase in average house prices (as measured by the S&P/Case-Shiller Index of twenty cities). He also says he’s skeptical because of the backlog of unsold homes, likely increases in foreclosures, and high, rising unemployment, especially since Calculated Risk is, too.
Zombie bankss
Check out this entry from Calculated Risk if you’d like a shot of cold, hard reality about the value of the happy Stress Test predictions. So far, unemployment is exceeding the “more adverse” stress test scenario and already higher than the peak unemployment rate in the baseline scenario. That rough beast slouching towards Bethlehem not to be born, but to die, is Bank of America.
Calculated Risk: Employment Report: 539K Jobs Lost, 8.9% Unemployment Rate
Congressional Budget Office Director Douglas W. Elmendorf summarizes his testimony to Congress (there’s also a link to the pdf file of the full testimony). Unfortunately, the simplest way to ‘distribute the value of carbon allowances,’ to paraphrase Elmendorf, is not mentioned: dividing it up equally. The technical details (division!) have been dealt with before on this blog by Jonathan. Why would this obvious alternative be left out? My inner conspiracy theorist whispers that it’s left out to make [...] read more >
