Amid Protests And Crises, Lebanon Defaults On Eurobond

By Jean Shaoul, -

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, [...]

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

By Staff, -

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 [...]

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

By Danny Haiphong, -

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, [...]

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

By Michael Snyder, -

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 [...]

Can Cooperatives Save Us From The Next Economic Crisis?

By Laura Flanders, -

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 [...]

Richard Wolff: The Next Economic Crisis Is Coming

By Lee Camp, -

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 [...]

Placing The USA On A Collapse Continuum With Dmitry Orlov

By Staff, -

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 [...]

How Capitalism Prevents Confronting The Climate Crisis

By Hamilton Nolan, -

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. [...]

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

By Staff, -

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 [...]

Another Financial Earthquake In The Making

By Nick Beams, -

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 [...]

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

By Staff, -

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 [...]

‘Great Depression’ Ahead? IMF Sounds Dire Warning

By William Pesek, -

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 [...]

Could Trump Take Down The American Empire?

By Gareth Porter, -

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 [...]

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

By Jon Jeter, -

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 [...]

America Traded One Recession For A Far More Serious One

By Michael E. Porter, -

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 [...]