Economic Update for week ending April 6, 2012
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Coming up today and every Monday at 10am Pacific – 1pm Eastern – 18:00 GMT
ECONOMIC UPDATE with Richard D. Wolff
Updates discussed — pay for Ford’s CEO Alan Mulally compared to Ford hourly wages as low as $15; US Treasury’s ongoing subsidies to 350 banks; Brazilian President criticizes US monetary policy; and why mass transit is best response to high gas prices. Major analyses of (1) “market solutions” versus other ways of dealing with situations where supplies are less than demand such as college courses, food, and housing, and (2) the extreme austerity policies of Greece and Spain arriving here in the Republican’s proposed budget plan. Listener’s question today concerned whether and why dollar’s role as world reserve currency is declining.
On Economic Update with Professor Richard Wolff, Wolff and guests discuss the current state of the economy, both locally and globally in relation to the economic crisis. We will focus on wages, jobs, taxes, and debts – and on interest rates, prices, and profits. We aim to explain why certain economic changes are happening and other changes get postponed or blocked and we will explore alternative ways to organize enterprises, markets, and government policies. Each show wraps up with Professor Wolff answering some questions that he receives through his website or on Facebook. Economic Update is in partnership with Truthout.org.