Updates on April 6 US govt report of sharply reduced hiring, national protest against mass transit cutbacks, Dallas Fed admits failure and nationalization of major US banks, high European unemployment, and North Dakota's 100-year support for a public bank and a public grain storage and mill company. Major analysis criticizes claims that government budget deficits and debts are caused by workers' pensions, Medicaid and Medicare costs; actual causes shown to be the post-2007 crisis and deep cuts in taxes on corporations and the richest individuals. Response to comment on struggle between conservative UK government cutting their National Health Service and mass organizations including most doctors fighting back.

 

On Economic Update with Professor Richard Wolff, Wolff and guests will 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. Economic Update is a weekly show for people who want to understand and change not only their own financial situation but also the larger economy we all depend on. 

 

To listen in live on Saturdays at noon, visit WBAI's Live Stream

 

Economic Update is in partnership with Truthout.org