The mayor of Flint, Michigan, has declared a state of emergency to address lead poisoning in the city’s water supply. Last year, the city’s unelected … Michigan Saved Money and Poisoned Its ChildrenRead more
Economics
Posted inEconomics / Inequality / ToMl / USA Empire
Middle-income households no longer the majority in the US
For the first time in more than four decades, “middle-income households” no longer constitute the majority of American society, according to a study published Wednesday … Middle-income households no longer the majority in the USRead more
Posted inEconomics / Greece / ToMl
The Great Greek Bank Robbery
Since 2008, bank bailouts have entailed a significant transfer of private losses to taxpayers in Europe and the United States. The latest Greek bank bailout … The Great Greek Bank RobberyRead more
Posted inEconomics / Military / ToMl / USA Empire
Pentagon announces worldwide expansion of US military bases
The US Defense Department (DOD) is preparing to expand its global network of military bases by establishing a new “string” of bases in countries stretching … Pentagon announces worldwide expansion of US military basesRead more
Posted inBank / Economics / News
Morgan Stanley to Pay $3.2 Billion to Settle Allegation of Fraud
banking giant Morgan Stanley will pay $3.2 billion to settle a slew of federal and state charges that the bank lied to investors about the … Morgan Stanley to Pay $3.2 Billion to Settle Allegation of FraudRead more
Posted inEconomics / Politics / Slavery / ToMl / USA Empire
How Slaves Built American Capitalism
150th anniversary of the abolition of slavery in America and contrary to popular belief, slavery is not a product of Western capitalism; Western capitalism is … How Slaves Built American CapitalismRead more
Posted inBank / Economics / ToMl
Reinventing Banking
Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself. Among other interesting … Reinventing BankingRead more
Posted inEconomics / IMF / Russia / ToMl / Ukraine
IMF forgives Ukraine’s Debt to Russia
On December 8, the IMF’s Chief Spokesman Gerry Rice sent a note saying: “The IMF’s Executive Board met today and agreed to change the current … IMF forgives Ukraine’s Debt to RussiaRead more
Posted inEconomics / ToMl / USA Empire
Minimum Wage Is Not a Livable Wage
Donald Trump is no stranger to inflammatory remarks, but one statement really struck home for me. During the presidential debate on November 10, Donald Trump … Minimum Wage Is Not a Livable WageRead more
Posted inEconomics / India
Government releases new socio-economic census data
Almost four years after the UPA government found itself entangled in a controversy over using the poverty line for development programmes, the present National Democratic … Government releases new socio-economic census dataRead more