Crisis

Brutal War On Yemen: Dire Hunger Crisis Teetering On The Edge Of Catastrophe

March 22, 2022 Baher Kamal, Inter Press Service News Agency. Educate! Crisis, Food Access, Wars and Militarism, Yemen

Yemen’s already dire hunger crisis is teetering on the edge of outright catastrophe, with 17.4 million people now in need of food assistance and a growing portion of the population coping with emergency levels of hunger, three UN agencies warned on 14 March 2022. “The humanitarian situation in the country is poised to get even worse between June and December 2022, with the number of people who likely will be unable to meet their minimum food needs in Yemen possibly reaching a record 19 million people in that period.” This has been the strong alarm launched by the Food and Agriculture Organization of the United Nations (FAO), the World Food Programme (WFP) and the UN Children’s Fund (UNICEF), following the release of a new Integrated Phase Classification (IPC) analysis on Yemen.

Amid Protests And Crises, Lebanon Defaults On Eurobond

March 20, 2020 Jean Shaoul, Wsws.org Educate! Crisis, Lebanon, Protests

Lebanon defaulted Monday on a $1.2 billion Eurobond. The decision by the government of Prime Minister Hassan Diab not to meet the payment comes amid a spiralling financial and economic crisis, protests, increasing poverty and other signs of social disintegration within the country, as well as the first deaths from the novel coronavirus.

We Won’t Pay For This Crisis: An Emergency Program To Protect Working People

March 19, 2020 Staff, Leftvoice.org Create! Coronavirus COVID-19, Crisis, Epidemic, Working Class

The spread of the COVID-19 virus has caused not only a world health crisis, but may also cause a deep economic depression. The fabric of society is becoming strained to the breaking point, and social, economic, and political catastrophes are already erupting in a variety of forms. We live in a society in which our very existence is constantly dominated and constrained by the dual imperatives of profit and competition.

From Iran To Mass Shootings On The Mainland, The U.S. Empire Is In A State Of Decay

August 17, 2019 Danny Haiphong, Blackagendareport.com Educate! Crisis, Mass Shootings, US Imperialism

Iran has been subject to crippling U.S. sanctions and military provocations in recent weeks. The most recent U.S. escalation began in mid-July when the U.K., through its territory of Gibraltar, seized an Iranian oil tanker accused of violating E.U.-imposed sanctions against Syria. Iran has since taken three “foreign” tankers into custody and placed 17 Iranians accused of spying for the CIA under arrest. Meanwhile, in the U.S., the 2020 election buzz has been temporarily drowned out by the deaths of over thirty people in three mass shootings.

U.S. Stocks Have Fallen For 5 Weeks In A Row – That Is The Worst Stock Market Streak In Almost 8 Years

May 27, 2019 By Michael Snyder, Activistpost.com Educate! Capitalism, Crisis, Economics, Stock Market

We haven’t seen stock prices slide like this in a long time, and if this keeps up we could soon be looking at an avalanche. Our rapidly escalating trade war with China and more bad U.S. economic numbers pushed stocks down once again this week, and at this point the Dow Industrial Average has now fallen for five weeks in a row. We haven’t seen a losing streak this long since June 2011, and it is yet another indication that we have reached a major turning point. Some positive comments about China from President Trump on Friday helped to lift stocks a little...

Can Cooperatives Save Us From The Next Economic Crisis?

January 24, 2019 By Laura Flanders, Truthout.org Strategize! Cooperatives, Crisis, Economic collapse, New Economy

In the summer of 2009, economists reported that one-third of the capital equipment in the United States stood idle while some 17 percent of the workforce were either unemployed, forced into part-time jobs, or “discouraged” from even seeking work. The Great Recession revealed just how much surplus capital and surplus labor was simply lying about, even in a time of urgent need. In this context, it’s no surprise that people started looking for ways to put labor and capital back together. Interest spiked — especially in worker-owned enterprises — and cities from New York to Madison, Oakland and Jackson, started investing in worker-owned businesses and business incubators.

Richard Wolff: The Next Economic Crisis Is Coming

January 23, 2019 By Lee Camp, Truthdig.com Educate! Crisis, Economic collapse

Every time I sit down with economist Richard Wolff, he demonstrates why the field of economics is so necessary in the cultural critique of our American empire. In my recent interview with him, we discussed why the thriving economy touted by President Donald Trump hasn’t translated into real gains for the majority of Americans. We also went over what is hidden by the economic indicators that allow the financial industry to celebrate while so many Americans are still suffering.

Placing The USA On A Collapse Continuum With Dmitry Orlov

January 17, 2019 Staff, Thesaker.is Educate! Crisis, United States

I have mentioned the very visible decline of the USA and its associated Empire in many of my articles already, so I won’t repeat it here other than to say that the “ability to exert influence and impose its will” is probably the best criteria to measure the magnitude of the fall of the USA since Trump came to power (the process was already started by Dubya and Obama, but it sure accelerated with The Donald). But I do want to use a metaphor to revisit the concept of catastrophe. If you place an object in the middle of a table and then push it right to the edge, you will exert some amount of energy we can call “E1”.

How Capitalism Prevents Confronting The Climate Crisis

November 28, 2018 By Hamilton Nolan, Splinternews.com Educate! Capitalism, Climate Change, Crisis

On Meet the Press yesterday, Utah Senator Mike Lee said about our climate change crisis, “all the proposals I’ve seen so far that would address any of these issues would devastate the U.S. economy.” This is considered a reasonable explanation of maintaining the status quo. This is the insanity built into capitalism. Lee was specifically explaining why he would not support a carbon tax, the single most direct, rational, and market-friendly way of restricting carbon emissions. The context for the question was the release on Friday of a report from the US government itself saying that, within a century, climate change could cost our country “hundreds of billions of dollars annually” and kill thousands of additional Americans per year.

Honduran Migrant March: A Refugee Crisis Caused By US Policy And US Partners

October 22, 2018 Staff, Hondurassolidarity.org Educate! Crisis, Honduras, Immigration, US Imperialism

On October 12, 2018, hundreds of women, men, children, youth and the elderly decided to leave Honduras as a desperate response to survive. The massive exodus that began in the city of San Pedro Sula, reached more than 3 thousand people by the time the group crossed to Guatemala. The caravan, which is headed north to Mexico first, and to the United States as the goal- is the only alternative this people have to reach a bit of the dignity that has been taken from them. They are not alone in their journey. Various waves of Hondurans, whose numbers increase every hour, are being contained by Honduran security forces on their border with El Salvador and Guatemala.

Another Financial Earthquake In The Making

October 16, 2018 Nick Beams, Wsws.org Educate! Banking and Finance, Capitalism, Crisis, IMF

The key issue to emerge from the semiannual meeting of the International Monetary Fund (IMF) held in Bali, Indonesia last week is that 10 years out from the 2008 global financial crisis the conditions have been created for another economic and financial disaster. And those in charge of the global economy have no means of preventing it, not least because the very policies they have carried out over the past decade have helped prepare it. It was somewhat symbolic that the meeting took place in the immediate aftermath of the devastating earthquake and tsunami on the Indonesian island of Sulawesi, which again underscored the extent to which the record growth of social inequality, accelerating after 2008...

Dark Clouds Gather On Horizon For Financial System, Warns International Monetary Fund

October 11, 2018 Staff, Jubileeusa.org Educate! Crisis, Finance and the Economy, IMF

Bali, Indonesia -The International Monetary Fund releases its "Global Financial Stability Report" ahead of its Annual Meetings held this year in Southeast Asia. The report finds that short-term risks to financial stability rose in the last 6 months. "The IMF is saying our economy is stable now, but there are some serious risks to stability on the horizon," noted Eric LeCompte who tracks IMF reports as the Executive Director of the religious development coalition Jubilee USA. "The IMF is also saying that inequality is on the rise and the global economic recovery is still not shared by everyone." This is the second major IMF report this week which raises concerns of pending financial crisis. On Tuesday, the IMF released its World Economic Outlook report.

‘Great Depression’ Ahead? IMF Sounds Dire Warning

October 11, 2018 By William Pesek, Atimes.com Educate! Capitalism, Crisis, Depression, IMF, New Economy

Is another “Great Depression” on the horizon? It would be easier to dismiss these words from Nouriel Roubini, Marc Faber or other doom-and-gloom prognosticators. Coming from Christine Lagarde’s team, though, they take on a new dimension of scary. The International Monetary Fund head isn’t known for breathlessness on the world stage. And yet the IMF sounded downright alarmist in its latest Global Financial Stability report, stating that “large challenges loom for the global economy to prevent a second Great Depression.” Even some market bears were taken aback. “Why,” asks Michael Snyder of The Economic Collapse Blog would the IMF use this phrase “in a report that they know the entire world will read?”

Could Trump Take Down The American Empire?

October 6, 2018 Gareth Porter, Truthdig.com Educate! Crisis, Inter-Imperialist Rivalry, Trump Administration, US Imperialism

More than any other presidency in modern history, Donald Trump’s has been a veritable sociopolitical wrecking ball, deliberately stoking conflict by playing to xenophobic and racist currents in American society and debasing its political discourse. That fact has been widely discussed. But Trump’s attacks on the system of the global U.S. military presence and commitments have gotten far less notice. He has complained bitterly, both in public and in private meetings with aides, about the suite of permanent wars that the Pentagon has been fighting for many years across the Greater Middle East and Africa, as well as about deployments and commitments to South Korea and NATO.

A Greedy Economy On Borrowed Time: America Under The Sword Of Damocles

September 29, 2018 Jon Jeter, Mintpressnews.com Educate! Crisis, Finance and the Economy

NEW YORK — On the afternoon of December 31, 1999, I boarded a flight from Chicago O’Hare airport for San Francisco International and found myself seated next to a bear of a man, who, at 6 feet 6 inches tall, and more than 300 pounds, squeezed into the middle seat of an emergency row. His unkempt sandy blonde beard contrasted with a ratty, tent-sized red plaid shirt. As we hit cruising altitude, he introduced himself as “Gary” and began to tell me his life’s story. He’d run with a wild crowd in Illinois, smoked way too much meth, gotten locked up, then released, locked up again, released a second time. With the help of a good woman, he said, he finally kicked his drug habit — though he’d gained nearly 100 pounds in the process — and decided a change-of-scenery would do him good. Hence, he was relocating to the backwoods of northern California.

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