Interview of the president of TheAIRNet, William Lazonick, in KPFA evening news [Click HERE to listen the interview] via KPFA l by KPFA Evening News l October 10, 2020
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
Trump Cracks Down on Visas. Indian Firms May Benefit
“When President Trump suspended a raft of Visa programs in June, including temporary permits for highly technical foreign workers known as H-1B visas, he portrayed the order as a victory for the American work force. Further overhauls were in the works, he said…
Coronavirus, Capitalism, and the Workers’ Movement
“…The airline executives are not simply lying that the money is gone. A lot of it is gone: Economist William Lazonick, a longtime critic of stock buybacks, notes that the airlines and freight companies paid out about one-fourth of their…
Insider Trading and Stock Option Grants: An Examination of Corporate Integrity in the Covid-19 Pandemic
“…In the first quarter of 2018 alone, with the new tax law fully in force, American corporations bought back a record $178 billion in stock.21 During this period, the market hit record highs. When a corporation buys stock, it should…
Real versus Fictitious: The Pandemic Closing In on the World of Finance
“The COVID-19 pandemic is stretching the contradictions of the present economic arrangements to the limits. The system survived inflating financial assets and feeding on inequalities. The divide between the real economy and the sphere of finance cannot be left unchecked…
As the pandemic continues, the rich are getting richer than ever before — and economists are getting concerned
“If the COVID-19 pandemic has produced winners and losers, then young Canadian billionaire Tobias Lütke is definitely a winner. Since the start of the pandemic in March, the 40-year-old CEO of Ottawa-based e-commerce company Shopify Inc., has watched his personal…
A Most Dangerous Intersection: Revisiting Race and Class in 2020
“In June, David Leonhardt in the New York Times noted that “the black-white wage gap is roughly as large today as it was in 1950.” One driver of this is that a huge number—a third of Black men ages 25-54—remain outside the…
Stock buybacks have totaled $5.3 trillion over the past decade — has that contributed to U.S. pandemic failures?
“…Authors William Lazonick, professor emeritus of economics at the University of Massachusetts and the president of the Academic-Industry Research Network, and Matt Hopkins, a Ph.D. student at SOAS University of London and a senior researcher at the Academic-Industry Research Network,…
Big Pharma Wants to Pocket the Profits From a COVID Treatment You Already Paid For
… “In an April 30, 2020 letter from Representatives Lloyd Doggett (D-TX) and Rosa DeLauro (D-CT) to Health and Human Services (HHS) Secretary Alex Azar, the Representatives requested “an appropriate accounting of the taxpayers’ investments. … to ensure patients and…
Covid-19: Closing Down Was Easy; Re-Opening Will Be Hard
“Ensuring the health and safety of our people and our communities is our highest priority as the United States quickly mobilizes to slow the spread of Covid-19,” said McDonald’s. via PRovoke I by Paul Holmes I May 18, 2020 [Click HERE…