When Tax Cuts Failed

Universal Basic Income (UBI) and Minimum Wages: Progressive or Regressive?

Finland recently decided to end its Universal Basic Income (UBI) experiment, but the debate about whether UBI is progressive or regressive rages on. We speak to Economist Katherine A. Moos of the Political Economic Research Institute, UMass.

Is Saudi Arabia Spreading Itself Too Thin? | Inside Story

Saudi Arabia has embarked on an extensive economic and social transformation. Crown Prince Mohammed Bin Salman has made it his mission to make the country less dependent on oil and diversify its economy. But that's proving challenging because of several factors, including the war in neighbouring Yemen.

Saudi Arabia and its coalition partners have been fighting Houthi rebels there for nearly three years now. And as the Saudi government announces more mega projects as part of its so-called Vision 2030 strategy, there are concerns it might be over extending its economy. Can it afford these large projects and how likely are they to become a reality?

Presenter: Folly Bah Thibault | Guests: Jamal Khashoggi - Saudi journalist, columnist and author; Anastasia Nesvetailova - Director of the City Political Economy Research Centre at City University of London; Robert Mogielnicki - Senior Analyst specialising in the political economy of the GCC at the consultancy Siwa Group

Citigroup's Mann Sees No Recession, Says Fed Path `Appropriate'

Apr.20 -- Catherine Mann, global chief economist at Citigroup, discusses the U.S. economy and Federal Reserve policy. She speaks on "Bloomberg Surveillance."

Why Savings Accounts Are Terrible Places to Keep Your Money

KNOW WHERE 2 INVEST: Today you are joining me at the beginning of my second series of articles. In my first series I covered everything you need to know to begin investing. You can find a summary of these articles here. If you read my articles you now know the basics of how to invest. You will be feeling significantly more confident about investing. You will no longer feel concerned that you will lose your investment in the next economic collapse. And you will not be blowing your money away in savings accounts. You must make good investments if you are to reach your goals. » Robert Sadler | Tuesday, April 10, 2018

About Robert »

Steve Keen – Financial Crisis, Trump 2018 - 2019, Crash Is Now

Steve Keen is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. Keen was formerly an associate professor of economics at University of Western Sydney, until he applied for voluntary redundancy in 2013, due to the closure of the economics program at the university. In autumn 2014 he became a professor and Head of the School of Economics, History and Politics at Kingston University in London. He is also a fellow at the Centre for Policy Development. He is the author of Can We Avoid Another Financial Crisis? (The Future of Capitalism).

On Contact: The Coming Collapse of the American Economic System with Richard Wolff

Economist Richard Wolff discusses the coming economic collapse of the United States of America.

Nassim Taleb on Black Monday, Fed, Market Lessons

Oct.16, 2017 -- The Black Monday crash was 30 years ago this week. "Black Swan" author Nassim Taleb was a trader for First Boston at the time. He made a lot of money while others lost fortunes. He recounts the experience with Bloomberg's Erik Schatzker.

Saudi Aramco CEO on IPO, Expansion, Shale Competition

Mar.26, 2018 -- Saudi Arabian Oil Co. Chief Executive Officer Amin Nasser discusses the upcoming initial public offering of the giant energy company, planned expansion in production capacity and competition from U.S. shale oil. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg Markets: European Close."

Facebook and the Big Data Business | Counting the Cost

Joseph Stiglitz: "The Price of Inequality" | Talks at Google

Joseph Stiglitz, Nobel Memorial Prize in Economic Sciences recipient (2001) , visited Google on June 12, 2012 to talk about his new book THE PRICE OF INEQUALITY: How Today's Divided Society Endangers Our Future.

Inequality: Of The 1%, By The 1%, For The 1%

VANITY FAIR: Americans have been watching protests against oppressive regimes that concentrate massive wealth in the hands of an elite few. Yet in our own democracy, 1 percent of the people take nearly a quarter of the nation’s income—an inequality even the wealthy will come to regret.

It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year. In terms of wealth rather than income, the top 1 percent control 40 percent. Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent. One response might be to celebrate the ingenuity and drive that brought good fortune to these people, and to contend that a rising tide lifts all boats. That response would be misguided. While the top 1 percent have seen their incomes rise 18 percent over the past decade, those in the middle have actually seen their incomes fall. For men with only high-school degrees, the decline has been precipitous—12 percent in the last quarter-century alone. All the growth in recent decades—and more—has gone to those at the top. In terms of income equality, America lags behind any country in the old, ossified Europe that President George W. Bush used to deride. Among our closest counterparts are Russia with its oligarchs and Iran. While many of the old centers of inequality in Latin America, such as Brazil, have been striving in recent years, rather successfully, to improve the plight of the poor and reduce gaps in income, America has allowed inequality to grow. » | Joseph E. Stiglitz | March 31, 2011

The Rise of Jeremy Corbyn and Class Struggle in the UK Labour Party

On Reality Asserts Itself, Prof. Panitch talks about how the Labour Party moved from being a Tony Blair party of class reconciliation and war, to a truly left mass party with more than 600,000 members that may take power

Is Donald Trump's Decision on Tariffs Likely to Trigger a Global Trade War? | Inside Story

President Trump said the US will impose costly tariffs on imported steel and aluminium. He says it's to protect US producers.

His plan has sparked outrage around the globe, with investors spooked and stocks taking a dive.

Eight nations, including Canada, Mexico, Japan, Russia and Brazil, all sold one million tons, or more, of steel products to the US in 2016.

The world's top steel producer, China, is not among them. But it is one of the leading exporters of aluminium to the US, which now imports about 90 per cent of its domestic needs.

The EU says Trump's tariffs move amounts to protectionism and is vowing to take action to defend its interests. China is calling on the White House to exercise restraint in applying the charges. But Trump tweeted that trade wars are good and "easy to win."

So how close are we to all-out trade conflict?

Presenter: Elizabeth Puranam | Guests: Philippe Legrain - former special adviser to the Director General of the World Trade Organization; Einar Tangen - an investment banker who regularly advises the Chinese government on economic and development issues; Republican political strategist Joe Watkins, who served as a White House aide to President George H W Bush

The World's Coolest Banknotes

Former Prime Minister Sir John Major Gives Speech on Brexit

How Corrupt Is Your Country? | Counting the Cost

'Inequality Is Bad for Everyone': Robert Reich Fights against Economic Imbalance

Ed Miliband on Universal Basic Income - BBC Newsnight

Kirsty Wark is joined by former Labour leader Ed Miliband to discuss the idea of a universal basic income.

Robert Reich: Morality & the Common Good Must Be at Center of Fighting Trump’s Economic Agenda

As a presidential candidate, Donald Trump made a promise to the American people: There would be no cuts to Medicare, Medicaid and Social Security. Well, the promise has not been kept. Under his new budget, President Trump proposes a massive increase in Pentagon spending while cutting funding for Medicare, Medicaid and Social Security. Trump’s budget would also slash or completely eliminate core anti-poverty programs that form the heart of the U.S. social safety net, from childhood nutrition to care for the elderly and job training. This comes after President Trump and Republican lawmakers pushed through a $1.5 trillion tax cut that overwhelmingly favors the richest Americans, including President Trump and his own family. We speak to Robert Reich, who served as labor secretary under President Bill Clinton. He is now a professor at the University of California, Berkeley. His most recent book, out today, is titled “The Common Good.”