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, [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
The headline economic indicators – GDP growth, the unemployment rate, the stock market — all say that the United States is in the midst of a sustained economic expansion that was slow to develop [...]
