Updates on politicians’ big business incomes after their government jobs and the debate over social security. Interview with Prof David Fasenfest of Detroit’s Wayne State University on causes and cures of Detroit’s economic devastation. Responses to listeners on Britain’s homeless and on controlling banks “too big to fail.”
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.
Wolff 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.