“Consumption is the sole end and purpose of all production,” Adam Smith confidently announced in The Wealth of Nations in 1776. Smith’s quote is famous, … How Humans Became ‘Consumers’Read more
Economics
Posted inEconomics / Inequality / News
World’s richest increased their wealth by $237 billion in 2016
The world’s wealthiest 200 billionaires increased their net worth by $237 billion in 2016, taking their total wealth to $4.4 trillion as of the close … World’s richest increased their wealth by $237 billion in 2016Read more
Posted inEconomics / Politics / ToMl / USA Empire
How to Swamp Washington and Double-cross Your Supporters Big Time
Given his cabinet picks so far, it’s reasonable to assume that The Donald finds hanging out with anyone who isn’t a billionaire (or at least … How to Swamp Washington and Double-cross Your Supporters Big TimeRead more
Posted inEconomics / Renewable / ToMl
Renewable Energy Investments Set a Record in 2015
Global investments in renewable energy, including wind and solar, hit a world record in 2015. The world collectively spent nearly $286 billion on renewable energy … Renewable Energy Investments Set a Record in 2015Read more
Posted inEconomics / Multimedia / Tax
Laundering Havens for War Budgets
Sharmini Peries coming to you from Baltimore. Within a week the 11 million documents called the Panama papers, published by the International Consortium of Investigative … Laundering Havens for War BudgetsRead more
Posted inEconomics / Social / ToMl / USA Empire
Dramatic rise in New York City home foreclosures
Data recently released by ATTOM Data Solutions reveals that the rate of home foreclosures in New York City (NYC) rose dramatically in October. A total … Dramatic rise in New York City home foreclosuresRead more
Posted inEconomics / Politics / ToMl / USA Empire
More Thoughts on Trump’s $1 Trillion Infrastructure Plan
To stimulate the economy, create new jobs and generate new GDP requires an injection of new money. Borrowing from the bond markets or off-balance-sheet in … More Thoughts on Trump’s $1 Trillion Infrastructure PlanRead more
Posted inEconomics / Politics / ToMl / USA Empire
Profiteers of the Great Foreclosure Machine—Go to Washington
In my book Chain of Title, I refer to the collection of lenders, mortgage-servicing companies, third-party document processors, foreclosure-mill law firms, and trustee banks as … Profiteers of the Great Foreclosure Machine—Go to WashingtonRead more
Posted inEconomics / Tax / ToMl
UN criticises Switzerland and pressure mounts over human rights impacts of tax havens
We’ve reported before on this blog on the groundbreaking situation whereby Switzerland—ranked number one in the Tax Justice Network’s Financial Secrecy Index – faced tough … UN criticises Switzerland and pressure mounts over human rights impacts of tax havensRead more
Posted inEconomics / Politics / ToMl / USA Empire
Bankers Behind “Great Foreclosure Machine”
two of Donald Trump’s Cabinet picks: Steven Mnuchin for treasury secretary and Wilbur Ross for commerce secretary. Mnuchin has deep ties to Wall Street, including … Bankers Behind “Great Foreclosure Machine”Read more