On Economic Update Professor Richard Wolff and guests discuss the current state of the economy, both locally and globally in relation to the economic crisis. This episode contains updates on the LIBOR-bank scandal in London and the looming big city bankruptcy in North Las Vegas. The episode includes an interview with Prof. William K. Tabb on banks and finance. The episode ends with responses to questions on the relationship of anarchism and Marxism, and about the basic issues of the US healthcare debate.