The Register has the article Intel to sell Massachusetts R&D site, once home to its only New England fab.
I worked for DEC for 13 years from about 1974 to 1988. My office moved to HL02 when the building was first opened. The nomenclature of HL for the Hudson buildings was in memory of Henry Lemaire who was VP of semiconductors before he died shortly before the Hudson facilities were built.
Garland Nixon has this almost 2 hour episode UKRAINE UPDATE (June 18, 2022) – with Scott Ritter and Ray McGovern.
I first learned about this episode from the Naked Capitalism post Oil Markets Could Face A Doomsday Scenario This Week. That post focused on the last 20 minutes or so of the video, but I think it is worth seeing the whole thing.
YouTube has the video A Philosophy for a Fair Society (Part I) | Michael Hudson & Jonathan Brown
Welcome to the Shepheard Walwyn podcast and a two part interview with Michael Hudson, perhaps to the world’s most influential (but rarely acknowledged) economist. Michael has had a remarkable career starting off as a practical or reality-based economist working for a variety of institutions looking and how banks really behave.
He looked at the balance of payments economics for David Rockefeller at Chase Manhattan Bank; worked for Herman Kahn at the Hudson Institute, and advised the US State Department on how they could fund the Vietnam War when the gold was running out. He now advises the Chinese Government on how to maintain an industrial economy and avoid the traps the US Finance economy has fallen into.
Michael’s most famous work is Super Imperialism, the Economic Strategy of American Empire but has also written extensively on ancient economies in the Near East.
He is one of our longest running writers having co-written the soon to be re-released eBook, A Philosophy for a Fair Society with Kris Feder and the late GJ Miller and. Incidentally, this book is a great introduction to his whole body of work so do check it out!
In this first episode we looked at how economics got corrupted from industrial economics where people made money by making things, to a finance economy where a small elite group makes money by manipulating financial instruments. There’s some meaty topics but I promise it’s worth your time.
Michael Hudson goes into details that I have never heard before in any of his writings. There are a couple of places where he talks about things happening in the 1980s and 1990 when he actually means 1880s and 1890s.
Here is the second part of the interview.
The links to the two halves of the interview are published on Michael Hudson’s web site as Economic Rent and Exploitation
The Zero Hour has the interview, Prof. Richard Wolff: How to Fix Inflation.
A lot of babble that I can agree with, but some of it I don’t.
My memory of the time of Nixon was what he did not succeed in bringing down inflation. The combination of Paul Volcker and Ronald Reagan succeeded in controlling inflation by creating such a deep recession that people couldn’t afford to buy things anymore. What they didn’t buy included gasoline which broke the power of OPEC.
In Nixon and in Roosevelt’s times we didn’t depend on outsourcing so much to supply consumer demand. We can’t put a price freeze on what China sells us. We can raise the prices of what China sells us by fighting a trade war, but that is the opposite of keeping prices down. We can also fight an economic war with Russia to take their energy supplies out of the market. Our economic war with Russia only makes inflation worse.
As Michael Hudson explains on so many of the posts that I have put on this politics blog of mine, the financialization of the USA economy puts such a debt burden overhead on our workers, that we can no longer compete in the international market for labor.