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Over the last few years, artificial intelligence (AI) has become extremely popular in Silicon Valley and is widely regarded as the most…
Gerald Epstein
Professor Gerald Epstein is professor of economics and co-director of the Political Economy Research Institute at the University Massachusetts Amherst. He is a world-leading authority on banking, finance, and financial crises.
A new Trump executive order has opened the door for 401(K) holders to invest in private equity, cryptocurrency, and other alternative assets.…
The financial system of the United States has always been prone to instability and crises. Now, however, under the new Trump administration,…
The first 100 days of Donald Trump’s second presidency have brought about big, destructive changes in U.S. society and culture as well as…
The Federal Reserve hasn’t changed interest rates since July of last year, after 11 hikes between March 2022 and July 2023 in…
It’s been almost a year since the banking crisis kicked off last March. On Friday, March 10, 2023, Silicon Valley Bank, or SVB,…
Our current banking and financial system has transformed politics in favor of the rich, debilitating democratic institutions, destroying the common good and…
The fortunes of the five richest men in the world have “shot up by 114 percent since 2020,” according to a January…
Since Russia invaded Ukraine, and especially after Washington imposed sweeping sanctions on Moscow, a number of countries across the world — including…
Three banks in the U.S. (Silicon Valley Bank, Signature Bank and Silvergate) have collapsed since early March. The collapses of Silicon Valley…