Updates on employment data, income inequality in Washington DC, bankruptcy for Harrisburg, PA, rich exit for NYTimes CEO, socialist victory likely in French presidential elections, and US federal employees' losses. Detailed discussions of (1) auto industry rehiring and "economic recovery" hype, and (2) European austerity vs mass oppositions in Greece, Ireland, and Spain. Response to listener on social impact of cuts in public education.

 

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