Dr. Naison
For Most Americans, The Worst Consequences of The Economic Crisis Are Yet To Come
If you read the newspapers, watch the news, and search the internet for new of the economic crisis, you will get the impression that the global recession is easing and may soon “bottom out.” The Obama Administration’s stimulus package, coupled with a infusion of funds into the banking system by TARP and the Federal Reserve, [...]
Sotomayor’s Appointment Highlights a Time When Public Housing Was a Place of Hope
There are many wonderful things about Sonia Sotomayor’s appointment to the US Supreme Court, but one of special interest to me, as a scholar of Bronx history, is the way it highlights an era when public housing was a place of hope and possibility for working class families in the borough. Today, public housing is [...]
Creating Opportunity Out of Tragedy-Why Occupying Abandoned Commercial Space May Be The Next Phase of the Civil Rights Struggle
Creating Opportunity Out of Tragedy- Why Occupying Abandoned Commercial Space May be the Next Phase of the Civil Rights Struggle Dr Mark Naison Fordham University Whether or not auto bailout legislation passes, the US economy is about to experience an abandonment cycle comparable to what took place in the South Bronx in the 1970′s and in rustbelt [...]
Time to Use the “D” Word: “Recession” Doesn’t Begin to Describe Where The US Economy is Headed
For the last three months, as the American economy has gone into a free fall, economists and political leaders have parceled out the bad news in small, allegedly manageable proportions. Yesterday, the National Bureau of Economic Research finally confirmed what virtually every small business owner has known for some time- that the US economy is [...]
Solution to the Economic Crisis Requires Raising Wages and Redistributing Income
The roots of the current economic crisis in the United States are strikingly similar to those which provoked the Great Depression of the 1930′s. In each instance, the economic collapse followed a long period of economic expansion in which profits far outpaced wages, leading to massive speculation in unregulated financial products and the stimulation of [...]
