Joseph E. Stiglitz

COVID-45 by Nancy OhanianThis list is each state in order of population:

OK... What Now? by Nancy OhanianLast night we took a brief look-- almost in passing-- at Amy Goodman's important interview this week with Nobel laureate Joseph Stiglitz. I'd like to look at his remarks with the seriousness they're due.

Sure, there's a Trump tweet for occasion; but there's also a George Carlin video for every occasion as well. You may prefer how Carlin explains what we're going through as a society now but economist James Galbraith is slightly less pessimistic. In fact, he wrote a piece for The Nation this week about how to confront the side-effects of the pandemic, namely the economic one. He looks at it square in the eyes and wants you to accept it: "a house of cards has fallen.

I used to be in the music business. Like in many businesses, there was always a tension between executives who put all their energy and resources into the current quarter and executives who felt a responsibility towards creating long-term (future) shareholder value. Bonuses-- which could be 6 or 7 figure amounts-- tended to be based on the short-term approach.

-by Skip KaltenheuserRecently, an audience of political art fans were treated to a lively combination of Joe Stiglitz speaking off the cuff and two thought-provoking artists. Made the senses quiver.The Charles Krause Reporting Fine Art Gallery, snagged Nobel Laureate Stiglitz who was doing a DC drive-by for the World Bank.

In 2011, when progressives proposed a 5.6% surtax on millionaires to pay for Obama's jobs program, conservatives whose primary job is, after all, to represent the interests of millionaires, went wild, accusing the Democrats of "class war." The GOP responded, as usual, with the same old tropes about how taxing the rich would discourage job creation and how small businesses would suffer. But, historically, even responsible Republicans have supported federal income taxes.

I was happy for the U.K. last week when I read that the newly elected leader of the Labour Party, Jeremy Corbyn, had selected two of the world's most brilliant economists as advisers, Thomas Piketty and Joseph Stiglitz.

Thursday, Nobel laureate in economics Joe Stiglitz and Mark Medish, a former Treasury official, penned on OpEd for the Wall Street Journal about the unfolding disaster in Puerto Rico, disaster that can be stopped before it spirals out of control. They are concerned that the U.S. is letting the island territory "fall prey to the claws of vulture creditors."

As we mentioned yesterday, the right-of-center, Wall Street-owned New Dems are making a play to assert themselves within the Democratic congressional caucus. They are following in the footsteps of the Tony Blair New Labour wing of the UK's Labour Party, which took over the party but has more recently lost support by inching further and further right.

Early this morning Joe Stiglitz launched a serial Twitter rundown on the crisis in Europe. When the stock markets opened in the U.S. a few minutes later, they opened down, and kept dropping: 137 points in the first 10 minutes, 240 points down the last time I looked.