Socio-economic

PAUL STREET – The Ruling Class’s Hatred of Trump is Different Than Yours

Much, maybe most, of the nation’s corporate, financial, and imperial establishment loathes Donald Trump. When’s the last time one of the corporate media’s presidential debate moderators actually argue with one of the two major party presidential contenders, as did the wealthy ABC News reporter Martha Raddatz (enraged by Trump’s lack of enthusiasm for a United States military confrontation with Russia in Syria) last Sunday?

More than fifty Republican “national security” “elites” have joined several top Republican office-holders, a good number of ...

Continue Reading →
0

KARL GROSSMAN – How Cuomo’s $7.6 Billion Nuclear Bailout Can Impede Wind and Solar

It was nearly 40 years ago that as a journalist I began concentrating on nuclear power.

The preface: I hosted a TV program—“Long Island World”—in the 1970s on WLIW/21, Long Island’s PBS station, and was asked to do one on nuclear power. With my crew I visited Brookhaven National Laboratory set up on Long Island in 1947 by the U. S. Atomic Energy Commission to conduct research into atomic science and develop civilian uses of nuclear technology. The labs such as ...

Continue Reading →
0

Pam Martens and Russ Martens – As WikiLeaks Access to Internet is Severed, New Clinton Email Bombshell Emerges

According to the above statement from the WikiLeaks Twitter account, a state party has intentionally cut off access to the Internet for Julian Assange, the founder and Editor-in-Chief of WikiLeaks. This happened after the ninth consecutive day of releases of emails from the hacked account of John Podesta, the chair of Hillary Clinton’s presidential campaign committee. It also comes on the heels of a potentially serious campaign finance problem for the Hillary for America committee, the primary fundraising vehicle for ...

Continue Reading →
0

The World Bank and the IMF Are Enabling the Next Crisis

The ingredients of a fresh global economic crisis are assembling, and the IMF and the World Bank are failing to acknowledge their role in creating them.

Larry Elliott, The Guardian’s economics editor, writes:

According to the IMF, global debt has risen to a record level of $152tn (£1223tn) – more than double world GDP – at a time when activity is sluggish. Collapsing commodity prices and weak demand from the west has meant growth in ...

Continue Reading →
0

Low Food Prices: Good for Your Pocket, Bad for Small Farmers

ROME, Oct 10 2016 (IPS) – What would be your reaction if you were told that food prices are steadily declining worldwide? Good, very good news, you may say. But do the 600 million small, family farmers, those who produce up to 80 per cent of food in some regions, think the same way? Definitely not at all.

In fact, declining prices could thwart international efforts to eradicate hunger and extreme poverty, says the head of the United ...

Continue Reading →
0

Charles Hugh Smith – A Psychiatric Diagnosis of the U.S. Market: Schizophrenic Disconnect From Reality

If you think a delusional market is healthy, it’s time for a psychiatric exam.
What diagnosis would an experienced psychiatrist offer when presented with the bizarre behavior of the U.S. stock market? We assume that the wild mood swings of greed and fear are “normal” for markets devoted to short-term profit and speculation, but the stock market’s disconnect from reality is far beyond mere mood swings.

The stock market thinks it’s solidly on pavement, but in reality it’s like a car flying ...

Continue Reading →
0

U.S. Bond Market’s Biggest Buyers Are Selling Like Never Before

  • Central banks have cut Treasuries for three straight quarters
  • Pullback may be a sign the bond market is at a tipping point

They’ve long been one of the most reliable sources of demand for U.S. government debt.

But these days, foreign central banks have become yet another worry for investors in the world’s most important bond market.

Holders like China and Japan have culled their stakes in Treasuries for three consecutive quarters, ...

Continue Reading →
0

MEREDITH KOLODNER – Eligible but got nothing: Hundreds of thousands of people with disabilities blocked from college aid

QUEENS, N.Y. — Wendy Thompson always knew she wanted her son to go to college, but she didn’t realize so many people would disagree.

Her son was born with cerebral palsy, a disease that has him using a wheelchair, but has little impact on his academic abilities. He graduated from high school with a Regents diploma in 2013 — a feat accomplished by only 18 percent of students with disabilities in New York City that year, compared to 70 percent of ...

Continue Reading →
0

Ian Welsh – The Wells Fargo Scandal Was By Design

Some years ago I worked for a mid-sized financial multinational.  Towards the end of my tenure my employer merged with another company, and the senior executives in my department were replaced with Americans.  (It was the smallest department in the division, and they felt they should give the Americans something.)

There had been some… dubious… practices before, stuff that skirted the line, mostly related to moving near future earnings into the current month, quarter or year end.  Since I was involved ...

Continue Reading →
0

Michael Snyder – Living In A Van Down By The River – Time To Face The True State Of The Middle Class In America

Do you remember the old Saturday Night Live sketches in which comedian Chris Farley portrayed a motivational speaker that lived in a van down by the river?  Unfortunately, this is becoming a reality for way too many Americans.  As the middle class has shrunk and the cost of living has increased, a lot of people have decided to quite literally “live on the road”.  Whether ...

Continue Reading →
0
Page 2 of 121 12345...»