The Peoria Journal Star has the latest results from its regional economic survey, produced by Bradley University. As the headline says: “Economic decline continues.” I was struck by this graph, quoting Bernard Goitein of Bradley’s Center for Business and Economic Research, on employment during the recession in 2003: Declining to predict whether area employment will […]
In an earlier post, I highlighted a progressive plan for balancing the budget. In it, the author calls for cutting agricultural subsidies. And that got me thinking close to home. Thanks to the Farm Subsidy Database from the Environmental Working Group, we can come up with some dollar figures and comparisons. Not too suprising, Illinois […]
A five-point plan from Mike Lux over at Huffington Post.
And I don’t mean high school algebra. Here’s an article from the excellent writer Felix Salmon over at Wired Magazine on the mathematical formula that has ruined your economic world. Maybe you’ve been hearing people talking about problems caused by “financial innovation” or “financial engineering” or “risk models.” Salmon’s article explains what that all really […]
And speaking of other blogs, please check out the blog of a fellow Peoria Drinking Liberally member: Slothropia!
Speaking of Baseline Scenario (in my last post), here’s an interesting piece on the market for ceo compensation. It’s all in the relationships, baby.
If you’re interested in the raw political power of the financial services industry and its impact on the various banking bailouts (and really, who isn’t these days?), you have to follow the blog The Baseline Scenario. Check out this post about our American oligarchs. One of the Baseline Scenario bloggers also appeared on Bill Moyers […]
In addition to everything else we need to do to fix our economic problems, we need an ethical overhaul.
TheStreet.com has an interactive map of banks that the FDIC has shut down. Three are in Illinois, but they all seem small to me. Two are downstate.
A hat tip to Casey of my prior Drinking Liberally group: How the Economy Was Lost There’s a lot in here. I don’t agree with everything, but the basic thrust is right. I have two points: He puts “free trade” in quotes throughout the piece. But he doesn’t seem to spell out how, by his […]
Bill Poorman 