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It appears what is called the case shaped recovery is permanently dividing the country and to haves and have nots and this seems to be acceptable for those who are the house. To discuss this and more im joined by my guest Michael Hudson in new york is a professor of economics at the university of missouri kansas city and author of through give them their debts and in bangkok were joined by steve keen hes a crowdfunding professor of economics on a tree on as well as a distinguished Research Fellow of the institute for strategy resilience and security of University College london gentlemen crossed up rules in effect that means you can jump in anytime you want and i always appreciate it ok let me go to michael in new york you know this just term the new normal. Bandied about and what really worries me is the people tha ....
Youve given up on ok because the other part. Of the economy its true because its to their benefit here i really worry when people talk about new normals and when they talk about the economy youre my friend well who has become normal since 2008 has been completely different from the old normal people have the normal you go back to a balance but really the economy hasnt grown at all since the 2008 crisis all of the growth in g. D. P. All of the growth in wealth has accrued to the Financial Sector to the real estate sector to the one percent for the 99 percent of all theyve gone down and down and down so the new normal is you cant get rich again by housing and join the middle class like a ghost or the new normal is an all of the year increase in wages and debt service in rents and in monopoly prices so that they mark the new normal is the market is going to shrink and shrink into. We look like greece looks in the last 5 years the l ....
Gazas past in a box. Legacy in black and white. Collected memories starts of august 14th own d w. The United States warns germany russian gas comes at a high price washington says the north stream to pipeline endangers Europes Energy Security and threatens to hit a small german port town with pesky sanctions well bring you the latest also coming up finding a vaccine for over 1000 is an ambitious endeavor now a German Biotech Firm is hoping for plenty of Investors Cash to finance the search and well take you to the south of france where the lavender fields of blooming. But the tourists usually witnessing this back to go are missing this year. Im chris colfer welcome to the program only 150 kilometers or less to built of the controversial mord stream 2 pi ....
Weekend the big question lingers who will come out on top of the table before the players go on holiday to discuss which teams have the best chance to take the lead. Mackinnon thanks so much for joining us. India has seen fresh protests against a controversial new citizenship of the war despite a government ban on the public gatherings in the capsule delhi demonstrators took to the streets with the slogan dont be silent dont be violent more than a dozen people have been killed in clashes with authorities people say more than 600 people have been arrested the new law gives Illegal Immigrants who have fled religious persecution a chance to apply for indian citizenship but its. Does not apply to muslims critics are calling it discrimination and say the law violates indias secular constitution. And for more lets bring in correspondent nisha gys well whos in delhi in the show reports are suggesting that more people have died in the ....