Restaurants Face Major Obstacles to Reopening
A recap of why restaurants will have a tough time regaining their footing.
Read more...Category Archives: Economic fundamentals
Some Thoughts on New York City and the Dim Prospects for American Cities
Major cities are in serious trouble and hte outlook is grim.
Read more...Julian Assange Just Called. To Talk About the Pandemic’s Effect on Capitalism & Politics!
Yanis Varoufakis briefs Assange on the devolution of capitailsm.
Read more...The Cost of Staying Open: Voluntary Social Distancing and Lockdowns in the US
Yves here. As various analyses have shown, in many places, governments implemented lockdowns after citizens had started restricting their activities to avoid contracting Covid-19. It’s useful to see economists address the question of what the cost of doing nothing or very little would have been. By Adam Brzezinski, DPhil (PhD) candidate in Economics, University of […]
Read more...Initial Jobless Claims Decline Further, But Continuing Claims Fail To Make Meaningful Progress
Wellie, the latest jobless claims data wan’t horrific, merely very bad
Read more...There’s a Crisis in U.S. Capitalism
U.S. economic policy now focuses on what is already the worst business cycle downturn since the 1929 crash. As data accumulate, it may well prove to be the worst in global capitalism’s entire history.
Read more...The European Union Still Hasn’t Considered an Economic Proposal That Can Save It
The European Union has not reached a “Hamiltonian moment.” Its plans are too little, too late, hamstrung by institutional barriers to economic recovery.
Read more...China’s Covid-19 Recovery Is Intensifying Class Exploitation
China’s response to the pandemic is to furth disempower its domestic and peripheral populations.
Read more...How Africa is Coping With Coronavirus
Politics and the caliber of social programs have influenced how countries in Africa have tried to limit the economic damage of the coronavirus.
Read more...Covid-19 Recessions: This Time It’s Really Different
Why Covid-19 damage will be lasting.
Read more...Hubert Horan: What Will it Take to Save the Airlines?
The airlines are facing an existential crisis, yet no one in power is inclinded or even equipped to intervene.
Read more...Michael Hudson: Fed’s $10 Trillion Defends Assets of the Rich
Michael Hudson gives a detailed, if sobering, account of the outlook for the economy.
Read more...EU Stimulus Fakery as Brexit Stumbles Forward
The news on the EU and UK fronts is less than promising. It looks good only compared to rampaging cops on this side of the pond.
Read more...The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 7)
This is part 7 of my ongoing coverage of the Federal Reserve’s Coronavirus actions.
Read more...Why New Infrastructure Is a National Imperative
Time to do something about America’s creaky infrastructure.
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