For decades, the story of Saudi Arabia recycling petrodollars, i.e., funding the US deficit by buying US Treasuries with proceeds of its crude oil sales … How The Petrodollar Was Born And Lived In Secrecy For Over 40 YearsRead more
Economics
Posted inEconomics / Fossil fuel / ToMl
The looking-glass world of fossil fuel subsidies
The G7 has just promised to end fossil fuel subsidies by the year 2025. Hooray! But what does that mean? Let me take you back … The looking-glass world of fossil fuel subsidiesRead more
Posted inBank / Economics / Spain / ToMl
Next Banking Scandal Explodes in Spain
The last five years have been a bumper period for banking scams and scandals in crisis-ridden Spain. From Bankia’s doomed IPO in 2012 to the … Next Banking Scandal Explodes in SpainRead more
Posted inEconomics / ToMl
Fitch, Standard & Poor’s, and Moody’s
Despite attempts to portray the work of the “big three” as globally oriented, the rating agencies maintain a close link to the US financial institutions. … Fitch, Standard & Poor’s, and Moody’sRead more
Posted inEconomics / Multimedia / Tax / USA Empire
The broken U.S. tax system
From Oxfam America’s new report Broken at the Top: “How America’s dysfunctional tax system costs billions in corporate tax dodging” — source taxjustice.net
Posted inEconomics / Neoliberalism / ToMl / TPP / Trade
New WikiLeaks Trove Further Exposes TISA’s Neoliberal Agenda
WikiLeaks on Wednesday released a trove of documents detailing previously unknown pro-corporate provisions and updates to the Trade in Services Agreement (TISA), exposing the extent … New WikiLeaks Trove Further Exposes TISA’s Neoliberal AgendaRead more
Posted inEconomics / ToMl / USA Empire
Dow-DuPont Merger Will Cripple Farmers and Food Sovereignty
Public interest groups urged the U.S. Department of Justice (DOJ) to block the mega-merger of chemical corporations Dow and DuPont, which the organizations argue is … Dow-DuPont Merger Will Cripple Farmers and Food SovereigntyRead more
Posted inEconomics / ToMl
The “Dumb Money” Is Finally Buying New Homes
New home sales just went up a staggering 16.6% in April: 619,000 new homes were sold – the most since early 2008 just before the … The “Dumb Money” Is Finally Buying New HomesRead more
Posted inCorruption / Economics / Tax / ToMl
Hidden cost of corruption
Corruption and corrupt business practices have often been portrayed as a problem only endured by poor countries, of little consequence to the developed West. The … Hidden cost of corruptionRead more