Economic Update: Washington Struggles Over the Debt Ceiling

Updates on (1) the tragic story of an elderly adjunct professor (from Pittsbrugh Post-Gazette of Sept 18), (2) some data on women in the labor force, (3) medical insurance developments creating a 2-tier medical system for rich and poor, and (4) Nevada sends poor with mental health problems to San Francisco to save money….more on the two-tiered medical system (from NY Times of Sept 24).

Major discussions across middle of program: (1) meaning and economic impact on US of Washington struggles over the debt ceiling, and (2) huge working class demonstrations for high wages in Bangladesh and significance for globalization as a process, including impacts on US (Agence France Presse, Sept 23).

Responses to listeners: (1) college scholarships going less to need and more to “merit” which ends up helping richer students,and (2) relatively well-off city of San Jose, CA faces fiscal crisis and yet attacks city services and pensions.

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