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Published on Dec 11, 2010
This is the third of four monthly updates. These Tuesday evenings will each begin with an update and analysis of major economic events of the last month and their contexts of longer-term economic trends shaping politics and society here and abroad. We will focus on the evolving global capitalist economic crisis and its consequences. We will examine topics such as the social costs effects of the historic long-term US unemployment, national debt crises and "austerity programs" in Greece, Ireland, Spain, and beyond changes in today's Chinese economy and their global effects, tax reform and the entire tax issue in the US today, continuing crisis in the US housing and credit markets the economics of immigration.