Global financial crises have a tendency to spring upon the world unsuspected, especially if the foreign exchange markets are involved, since they tie all global markets together (equities, bonds, commodities, derivatives). That’s why it is necessary to keep one eye fixed for the moment on the yen.
The yen was trading around Yen 100/$ […]
(originally posted Oct 31) This week the Federal Reserve put an end to their fourth round of Quantitative Easing, having exploded their balance sheet from $800 billion at the start of QE, to over $3 trillion today. Everyone thought that the financial markets would now have to live without the monetary dope that has been […]
The gospel of wealth comes for Dharavi
The Baffler, By Daniel Brook, Baffler No. 25 (October? November?)
In a speech to the financial elite of India delivered in Mumbai in 2010, president Barack Obama opted for an unusual form of flattery. He saluted “all the Mumbaikars who get up every day in this City of […]
A trove of secret documents details the US government’s global push for shale gas.
Mother Jones, By Mariah Blake, September/October ’14
One icy morning in February 2012, Hillary Clinton’s plane touched down in the Bulgarian capital, Sofia, which was just digging out from a fierce blizzard. Wrapped in a thick coat, the secretary of state […]
…I would have laughed in your face. But it did:
Why abandon K-Street, and acknowledge, then reject, the Big Business perception of the GOP? They’ve had the Republican Party’s back for some time, right? In the past, the largest companies favored one party over the other because they understood a pro-capitalist, low-regulation government benefits […]
The Bitter Truth Behind the Gospel of Productivity
VQR, By Esther Kaplan, Summer 2014
When Lisa Norris was a kid in Cookeville, Tennessee, her father worked at Acme Boots, and that plant and her childhood were intertwined. One of her earliest memories is of wandering around the factory among bins of leather, breathing in the […]
CBC, By Kristy Kirkup, July 3
Trade officials from Canada and other Asia-Pacific nations are meeting behind closed doors in Ottawa to discuss the Trans-Pacific Partnership, a massive free-trade proposal that could create one of the world’s largest trading blocks.
The TPP currently comprises 12 countries, including Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New […]
I was talking the other day about how people select their facts and their beliefs, how they use (or don’t use) science. I referred Dr. Strangelove and President Muffley’s line when he learns about the Soviet’s automatic doomsday device, “This is absolute madness. Why should you build such a thing?”
The name of the New […]
Pax Americana continues to crumble before our eyes. The belief that the United States has a divinely-inspired obligation to police the entire world has always been most strongly held among Americans themselves; some of the beneficiaries of this largesse, such as the Vietnamese and most recently the Iraqis, never quite showed the gratitude America felt […]
Bacon’s Rebellion – The Burning of James Town, Howard Pyle
The US has been negotiating from position of weakness with its Asian and now European “Partners” to establish a New World Order, where corporations are Sovereign, and people are chattels, or cattle (pick one).
This secretive cadre has run into trouble, as the countries […]
At an east coast cocktail party several weeks ago, a reporter asked a CEO what he feared most in regards to the global economy. The billionaire, who asked to remain anonymous, replied, “the guillotine”.
When even the hyper-wealthy are looking anxiously over their shoulder, something is badly wrong with the economic order. For several years […]
Some of the more troubling parts of this Alt-Market piece excerpted here:
It is not surprising that Rush Limbaugh, spiritual leader of the Republican Party – the man who determines Republican ideology and who enforces obedience to orthodoxy within the party – now finds Pope Francis a “Marxist”. Pope Francis, spiritual leader to over one billion Catholics, has issued a direct assault on the […]
2013 is proving to be a hectic year for corporate lobbyists and free trade advocates, as they frantically flit, like busy bees pollinating succulent orchids, from one global free trade conference to another. And at long last, it seems that their hard work appears to be paying off.
In the last month alone world leaders […]
Today’s column by Chris Hedges is the latest in a set of recent dissenting opinions. Here’s a small linkfest:
Chris Hedges: Our Invisible Revolution
Russell Brand on revolution: “We no longer have the luxury of tradition” Related video: Newsnight Interview with Jeremy Paxman.
Ian Welsh: A New Ideology Ian Welsh: How to Create a Viable […]