An asset is ultimately worth what a buyer is willing and able to pay for it. That price turns out to be terribly low for … Banks Much Deeper in the Hole on Oil & Gas Collateral than they PretendRead more
Economics
Posted inEconomics / Iraq / Military / ToMl / USA Empire
The Pentagon’s Progress
There’s good news coming out of Iraq… again. The efforts of a 65-nation coalition and punishing U.S. airstrikes have helped local ground forces roll back … The Pentagon’s ProgressRead more
Posted inEconomics / ToMl
Chilling Thing Jamie Dimon just Said about the Economy
“Hopefully… It’s not the beginning of something really bad.” JP Morgan Chase is a money-making machine. Profits in the fourth quarter rose 10% to $5.4 … Chilling Thing Jamie Dimon just Said about the EconomyRead more
Posted inEconomics / Oil / ToMl
Did Wall Street Banks Create the Oil Crash?
From June 2008 to the depth of the Wall Street financial crash in early 2009, U.S. domestic crude oil lost 70 percent of its value, … Did Wall Street Banks Create the Oil Crash?Read more
Posted inEconomics / Social / ToMl
Economic, Social and Cultural Rights
Below is the text of testimony from Rev. Dr. Liz Theoharis at the Consultation on Economic, Social, and Cultural Rights in the US and Canada … Economic, Social and Cultural RightsRead more
Posted inCanada / Economics / Fossil fuel / News
Canada’s fossil fuel subsidies
Each year, the Government of Canada hands out an average of $1.8 billion (CAD) in subsidies to oil, gas, and coal companies. The subsidies in … Canada’s fossil fuel subsidiesRead more
Posted inEconomics / Fossil fuel / Keystone XL / Politics / ToMl / USA Empire
If we can’t build Keystone, we want $15 billion
TransCanada isn’t taking no for an answer. In November, President Obama rejected the company’s plans to build the Keystone XL pipeline. Now the company is … If we can’t build Keystone, we want $15 billionRead more
Posted inEconomics / ToMl
Escalating global debt threatens a new financial crisis
Global debt is spiralling out of control and the next financial crisis appears to be imminent. With few lessons learned since the 2008 recession, what … Escalating global debt threatens a new financial crisisRead more
Posted inEconomics / Politics / ToMl / USA Empire
Paul Krugman Unironically Anoints Himself Arbiter of “Seriousness”
Only Clinton Supporters Eligible For years, New York Times columnist Paul Krugman has repeatedly complained about the D.C. orthodoxy-enforcing tactic of labeling only those who … Paul Krugman Unironically Anoints Himself Arbiter of “Seriousness”Read more
Posted inEconomics / Iraq / ToMl / USA Empire
Baghdad kidnappings
Two of three missing US civilians kidnapped by Shiite militia forces in Baghdad at the weekend are believed to have been working on a “critical” … Baghdad kidnappingsRead more