<p>"Marchiel’s narrative paints the picture of a remarkably powerful national reinvestment campaign against an almost unstoppable force of ever more inventive flows of capital. Perhaps the lesson should have been that capitalism refuses to work for people."</p>
by Timothy Taylor, Conversable EconomistThere’s a standard story about the underlying causes of the Great Recession of 2007-9. I’m sure I’ve told it myself a time or two. It starts with excessively easy lending for home mortgages - including the so-called “sub-prime
Black pioneer studio portraits
These images are likely the only known surviving historical record of these San Diegans and their time here. These studio portraits of the unnamed subjects were taken at Turner’s Elite Studio and Klimdt’s Chicago Art Gallery, both on Fifth Avenue in downtown San Diego.
Portrait of unidentified woman in the 1890s.
(San Diego History Center)