…billion. Parking rates and citizen complaints soared. Months later the city’s inspector general found that the city undersold the lease by, conservatively, about $1 billion.” “Chicago is the worst-case scenario,…
…emphasized the role of ideology in slowing financial reform. Markets for financial and other assets exhibit little sign of stress. The Chicago Board Options Exchange Volatility index (VIX), which measures…
…position is unstable: that one either follows today’s Republican Party and Prescottian Chicago School and becomes a market fundamentalist and thus for consistency deny that the government can do any…
…actually change in the new company: it will still be headquartered in Chicago, and the overwhelming majority of shareholders will be American. As David Cay Johnston points out, even some…
…phased it. He references an op-ed he wrote in the January 9th Chicago Tribune (now only available through the Nexis subscription service), where he clearly buys into the “job-killer” meme…
…a spawn of the Spanish-Australian company Cintra-Macquarie, filed for chapter 11 bankruptcy in U.S. Bankruptcy Court in Chicago in a prepackaged plan to restructure its approximate $6 billion debt. In…
…of a group of ‘anglo-saxon’ economists, or a particular macroeconomic ‘school of thought’. It is just mainstream macroeconomics. And we must never forget that this is not the unfortunate cost…
…the economics profession. I honestly can’t name an academic economist who cares about inequality in the USA but doesn’t care about worldwide inequality. This argument about egalitarian mainstream economists is…
…property taxes), privatization of public functions (e.g., charter schools managed by for-profit, nontransparent corporations), socialization of losses, militarization, and de-regulation. The results are harmful at national and state levels, as…
…a sample of emerging market economies during the last decade. They found that changes in economic volatility, as measured by the VIX (the Chicago Board Options Exchange Market Volatility Index,…