The enslavement of African people in the Americas by the nations and peoples of Western Europe, created the economic engine that funded modern capitalism. Therefore … Major Corporations You Never Knew Profited from SlaveryRead more
Economics
Posted inEconomics / Politics / Slavery / ToMl / USA Empire
Insurance Policies on Slaves: New York Life’s Complicated Past
New York Life, the nation’s third-largest life insurance company, opened in Manhattan’s financial district in the spring of 1845. The firm possessed a prime address … Insurance Policies on Slaves: New York Life’s Complicated PastRead more
Posted inEconomics / Hindutva / India / ToMl
The Global War on Cash – India’s Demonetization Debacle
December 30 has now come and gone– the last day for people to exchange old INR 500 (worth USD 7.36) and INR 1000 (USD 14.72) … The Global War on Cash – India’s Demonetization DebacleRead more
Posted inEconomics / ToMl
Helicopter money: Loved, not spent
Since the Global Crisis, the ECB, like other central banks around the world, has used unconventional policies that rely on factors other than changes in … Helicopter money: Loved, not spentRead more
Posted inEconomics / ToMl / USA Empire
US Millennials face higher unemployment, lower income than parents’ generation
A report released by Young Invincibles last week outlines key areas in which so-called Millennials—Americans between the ages of 18 and 34—face unprecedented financial difficulties. … US Millennials face higher unemployment, lower income than parents’ generationRead more
Posted inEconomics / News / Weapons
US Tops List of Arms Spending with $622 Billion in 2016
Global arms spending totaled US$1.57 trillion in 2016 alone, with the U.S. dwarfing all other nations with its military budget of 40 percent of the … US Tops List of Arms Spending with $622 Billion in 2016Read more
Posted inEconomics / Poverty
Eradicating poverty requires far more than aid
Commenting on the Department for International Development’s new strategy for economic development, Christian Aid welcomed its focus on beyond-aid issues such as tax and transparency … Eradicating poverty requires far more than aidRead more
Posted inEconomics / Hindutva / India / ToMl
The Demonetization Blitzkrieg. The “Ice Nine” Solution
This war has been in full swing in Europe and the U.S. for a long time. Governments plan to use negative interest rates, confiscatory taxes … The Demonetization Blitzkrieg. The “Ice Nine” SolutionRead more
Posted inEconomics / Hindutva / India / ToMl
Washington is behind India’s brutal experiment of abolishing most cash
In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Amidst … Washington is behind India’s brutal experiment of abolishing most cashRead more