Updates on economic problems of law students and new lawyers; federal prison industries; high schoolers fighting school budget cuts successfully; Italy's unemployment; and states' pension "reforms". Detailed analysis of US health system: highest costs plus poor health outcomes = failures of capitalist health system. On listeners' comments: why tax cuts do not mean job creation, the logical impossibility of measuring efficiency, and social costs of states and nations competing to attract corporations.

 

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