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In spring 2008, the investment bank Bear-Stearns had just been “rescued.” Remaining banks were going to raise enough private capital to offset…
Jack Rasmus
Dr. Jack Rasmus, Ph.D Political Economy, teaches economics at St. Mary’s College in California. He is the author and producer of the various nonfiction and fictional workers, including the books The Scourge of Neoliberalism: US Economic Policy From Reagan to Bush, Clarity Press, October 2019. Jack is the host of the weekly radio show, Alternative Visions, on the Progressive Radio Network, and a journalist writing on economic, political and labor issues for various magazines, including European Financial Review, World Financial Review, World Review of Political Economy, ‘Z‘ magazine, and others.
In February 2009, economic data across the board revealed an accelerating decline of the U.S. economy, both in its financial and non-financial…
More than 20 months after the financial and economic crisis erupted in August 2007, the U.S. economy continues to slip deeper into…
Events and conditions since June 2008 have increasingly confirmed the prediction that the U.S. economy is headed toward a recession of unprecedenteddimensions.…
What is Obamanomics? Having just won the presidential election, perhaps it is timely to take a closer look at what Obama’s…
The economic legacy of George W. Bush can only be measured in trillions of dollars—in fact many trillions. And it’s all…
Despite repeated efforts during the past year by the Federal Reserve (Fed), the U.S. Treasury, regulatory agencies, and global central banks, the…
There’s a specter hovering over the U.S. economy today. Like all specters, its background form may not be readily apparent. But the…
Part I of this series appeared here in the March issue of Z Magazine In testimony before the U.S. Congress House Financial…
Last year we witnessed the emergence of the most serious financial crisis to hit the U.S. and the greater global economy since…