Course Blog for Soc 3151: Social Issues and Social Policy at Baruch College
U.S. Weighs Further Steps for Citi
The banking system in the US have been seeing detrimental times and they need help. What is now happening is the Federal Gov’t is stepping in to give these banks much needed aid. What lots of people don’t understand is that they’re not just giving money away. They are actually [...]
Ever since Lehman Brothers got bankrupted, serious issues related to subprime loan have caused lower income people to become homeless and squatters. Even though after the economic crisis, most of us continue to build our career, which means that we, or our parents still have enough money to afford it. However, a lot of African [...]
Last year when the world was debating on what shape the recession will take they anticipated it to be a V-Shaped recession lasting about eight months or a recession even lasting longer than that. The opinions ranged from eight months to twenty-four months. Today, after fifteen months it can be easily seen [...]
Hi guys,
As we spoke last time about Wal-Mart, I wanted to post this article Retail Sales Slide Further, Except at Wal-Mart. After reading it, you will find the answer why people don’t see bad sites of this store.
Hi guys,
When I was reading newspaper, I found this article very interesting Continuing Job Losses May Signal Broad Economic Shift and I decided to post it for you. It talks about how government assures that they will build our economy however, this isn’t coming very well.
“A lot of production either isn’t going to happen at all, [...]
Over the months of these tough economic times, the government has been providing a stimulus for major U.S. companies, such as AIG, Citigroup, etc. Now this may seem like an obvious way to start rebuilding the economy, but the problem is that these companies don’t know how to manage themselves. In other words, they have [...]
Our economy is going down the drain, sales are not being made and profits are being lost. People are losing their jobs, people cannot find a job and people wages are being cut down. The prices of everything is going up, except people’s salary. If everything is going up, then why is people still spending [...]
I am reading an interesting article from Radical Perspectives on the Crisis. Nouriel Roubini, the celebrity NYU professor of economics, who is best known as “Doctor Doom” argues that nationalizing our failing banks temporarily is a more “market friendly solution”.
When I and others put it in the context of the Swedish approach [of the 1990s] [...]
Nouriel Roubini is a Professor of Economics at NYU, and is has been forecasting this econcomic meltdown for some time. It has earned him the nickname of “Doctor Doom”.
To Mr. Roubini, the most interesting question isn’t the one of who got it right. Instead, he asks why we “over and over again, get into these [...]
This article was found on the Radical Perspectives website.When reading this article by Rick Wolff there is one ongoing central idea. The capitalist class structure of system is the blame for our current economic problems. This article is very straightforward. The first line of the article reads “At the capitalist system’s core lies its central [...]
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