The Pentagon airlifted Italian goats to Afghanistan as part of a failed $6 million project aimed at boosting the country’s cashmere industry. That’s one of … US Blew Millions of Dollars Airlifting Cashmere Goats to AfghanistanRead more
Economics
Posted inEconomics / ToMl
Who creates money?
If you ask a person in the street ‘how is money created?’ they will probably look at you blankly. A couple might hazard a guess … Who creates money?Read more
Posted inEconomics / Justice / ToMl / USA Empire
Courts Rubber Stamp Corporate Suits Against Poor
Courts across the United States have allowed multibillion-dollar corporations to secure judgments against alleged debtors en masse without providing meaningful evidence to support their claims, … Courts Rubber Stamp Corporate Suits Against PoorRead more
Posted inEconomics / Oil / ToMl
Perhaps 60% of Today’s Oil Price is Pure Speculation
First published in August 2008, this article is of utmost relevance to an understanding of the dramatic drop in the price of crude oil. The … Perhaps 60% of Today’s Oil Price is Pure SpeculationRead more
Posted inEconomics / Inequality / ToMl
New Extreme in Inequality Crisis
It’s official. The global one percent of wealth holders now own more than the rest of the world combined, a new report released Monday confirmed. … New Extreme in Inequality CrisisRead more
Posted inEconomics / Fascism / ToMl / USA Empire
Father of Koch Brothers Helped Build Nazi Oil Refinery
The father of the billionaires Charles G. and David H. Koch helped construct a major oil refinery in Nazi Germany that was personally approved by … Father of Koch Brothers Helped Build Nazi Oil RefineryRead more
Posted inCapitalism / Economics / ToMl / USA Empire / Water
Who’s responsible for poisoning Flint’s water supply?
In October, Michigan Gov. Rick Snyder announced that the city of Flint would change its water source. This was in response to the discovery that … Who’s responsible for poisoning Flint’s water supply?Read more
Posted inDebt / Economics / ToMl
The Potential of Debtors’ Unions
Financial markets are political. Stock markets, bond markets and derivatives markets do not merely (or even primarily) raise capital for goods and services. Rather, they … The Potential of Debtors’ UnionsRead more
Posted inEconomics / Inequality / ToMl
The World’s Inequality Countdown
Welcome to the world’s inequality countdown. In 2010, some 388 people owned as much wealth as the poorest half of the world’s population. Jump to … The World’s Inequality CountdownRead more
Posted inEconomics / Refugees / Social / ToMl
Once Tony Blair’s Foreign Minister, David Miliband Now Bags $600,000 Salary from Refugee Charity
A refugee charity is paying the former British foreign secretary the immense sum of 425,000 pounds (US$600,000) a year to be its CEO, it has … Once Tony Blair’s Foreign Minister, David Miliband Now Bags $600,000 Salary from Refugee CharityRead more