Tag: economy
Zombie Economy – Living Bubble
“The income and wealth inequality is the worst since the Great Depression. In 2015, the Top 1% earned 22% of all income earned in the U.S.”
June’s Enormous, Humongous Trade Deficit is Up 9 Percent
The June trade deficit rose from the months prior because of rising imports.
Capitalism’s Crisis Deepens: Essays on the Global Economic Meltdown — (BOOK)
With your donation of $30 one-time or $15 monthly recurring, you can support truly independent news and activism, and receive the book Capitalism's Crisis Deepens: Essays on the Global Economic Meltdown by Richard D. Wolff as our gift to you. It's win-win, and you get a fascinating new book out of it.
Betrayed Again, This Time By Unconvincing Arguments For The TPP
The TPP reflects the flawed economics and arrogant politics of Wall Street and the national security establishment that has betrayed working people.
Lament for Humanity: A 50 Year Reflection
“I am not going to get another 50 years to try to create the world of peace, justice and sustainability for which many of us strive but I am going to use every single moment of the time I have left.”
Why Liberals Must Support Brexit
“As for the United Kingdom, it will be wise to stick to the referendum and leave the unaccountable, undemocratic and over-regulated EU that is flirting with imperial goals. Shaken but not stirred after Brexit, Great Britain will be just fine.”
Comes the Revolution
“In these modern times the economic system, Capitalism, seems to have evolved into a quasi-religious political belief system.”
Paul Ryan’s Economic Plan
“Never underestimate the power of dogma when propagandistically spread about among people who do not know much history.”
2008 All Over Again
“Britain’s withdrawal from the eurozone will damage not only the international banking system, but hamper Washington’s aggressive policies toward Russia and the Ukraine.”
Looming Brexit Mayhem Will Expose Disruptive TrumpThink
So, brace for reams of critical Brexit analysis, implying the UK cut off its nose to spite its face. And let’s never forget Trump’s high-risk, gambling world is “winning take all.” That means “losers gets nothing.” Hardly a great model for parenting, let alone large-scale, global business planning or trade or health for complex, modern nation-states. Gambling for adults works when betting disposable dollars on transient sporting events when the results are instantly known. Will voters in November here not add false flummery about Brexit shortfalls as another crack-brain spoke in Trump’s broken-down political wheelhouse?
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Over 4,000 factory workers laid off as Trump tariffs spark economic chaos
A wave of mass layoffs across the U.S. exposes the real cost of Trump’s trade war, as union leaders and lawmakers warn of deepening instability in American manufacturing.
Not very bright
How much of Donald Trump’s directive on U.S. tariffs imposed on nations all over the world—that in recent days has caused a stock market loss of trillions of dollars—is a result of his not being very bright?
Now the putz has really done it, exposing the USA as trade pariah but,...
As a destroyer of global trade and hard-won allied trust, Trump mayhem in eight weeks tops the devastation Covid took two years to achieve.
Patriotic Millionaires challenge oligarch power with sweeping economic plan
As economic inequality worsens and public frustration grows, a coalition of wealthy Americans offers a radical legislative blueprint to dismantle the grip of the ultra-rich on democracy.
Chevron ordered to pay $744 million for decades of destruction to Louisiana’s coastal wetlands
A Louisiana jury’s landmark verdict against Chevron signals a major shift in holding Big Oil accountable for environmental degradation and decades of ignored coastal restoration laws.