Debt Strike Needed As Debt Collectors Keep Coming After Millions Of People

By Paul Kiel and Jeff Ernsthausen, ProPublica.   -

Over the past couple decades, Capital One, Lugo’s pursuer, helped lead the way in transforming the nation’s local courts into collection machines. As recently as the 1990s, these courts conformed [...]

Capitalism’s ‘Dirty Little Secret’

By Gabrielle Pickard-Whitehead, Occupy.com. -

At a time when wealth is concentrated in the hands of a tiny elite, maintaining comfortable living standards for the majority requires reliance on abundant borrowing. Too much lending, as we [...]

The Generosity Of Agriculture

By Kerry Hoffschneider, Indianz. -

The generosity of agriculture and the potential for farmers, ranchers and all people to act in more selfless fashions can be found amongst the chaos of the times if one looks for it closely [...]

A Universal Basic Income Is Essential And Will Work

By Ellen Brown, The Web of Debt Blog. -

According to an April 6 article on CNBC.com, Spain is slated to become the first country in Europe to introduce a universal basic income (UBI) on a long-term basis. Spain’s Minister for Economic [...]

Public Banking Would Help Speed Economic Recovery

By Isaiah Poole and Rick Girling, The Hill. -

At least 90 percent of the nation’s cities are facing a budget crisis because of the economic shutdown in response to the COVID-19 pandemic, according to a mid-April report by the U.S. Conference [...]

Over 30% Of US Renters Didn’t Pay April Apartment Rent

By Tyler Durden, ZeroHedge. -

Landlords across the country have been left in the lurch after nearly one-third of apartment renters in the US didn't pay any of their April rent during the first week of the month, according to [...]

No Turning Back After Central Bankers’ ‘Seismic Stimulus Shift’

By Francesco Canepa and Balazs Koranyi, Reuters. -

The tools used by the Federal Reserve and the central banks in the euro zone and Japan differ slightly but they mostly involve new, massive purchases of financial assets and cheap credit for [...]

Ten Signs The US Is Heading For A Depression

By Mike Whitney, The Unz Review. -

Thursday’s jobless claims leave no doubt that the country is in the grips of another severe recession. More than 6.6 million Americans filed for unemployment insurance in the last week. That [...]

We’re In A Recession, And It’s Likely To Get Worse

By Kevin Zeese and Margaret Flowers, Popular Resistance -

The coronavirus epidemic is creating an ongoing teachable moment that could be used to transform the US economy. COVID-19 and the oil war are triggers leading to a recession that has its roots in [...]

Midwest Farmers Face Suicide Crisis

By Katie Wedell, Lucille Sherman and Sky Chadde, USA TODAY Network. -

One by one, the three men from the same close-knit community took their own lives. Their deaths spanned a two-year stretch starting in mid-2015 and shook the village of Georgetown, Ohio, about [...]

African Countries Aren’t Borrowing Too Much: They’re Paying Too Much For Debt

By Misheck Mutize, Theconversation.com -

There is renewed concern about the sustainability of rising debt levels in many African countries. Much of this debt is being incurred through foreign currency denominated Eurobonds issued on [...]

Debtors Of The World, Unite!

By Hannah Appel, Bostonreview.net -

Moral thinking about debt has fluctuated throughout history, as Olivia Schwob’s recent piece in these pages deftly details. The current moment, she notes, marks the possibility of still another [...]

I Will Hold You In My Arms A Day After The War

By Vijay Prashad, Tricontinental: Institute for Social Research. -

On Monday, 27 January, the South African photographer Santu Mofokeng slipped away. His camera had been a familiar presence in the anti-apartheid struggle; after years of photographing police [...]

The Corporate Debt Bubble Is A Train Wreck In Slow Motion

By Brandon Smith, Alt-market.com -

There are two subjects that the mainstream media seems specifically determined to avoid discussing these days when it comes to the economy - the first is the problem of falling global demand for [...]

Lebanon Protests: The People Want The Downfall Of The Bank

By Hicham Safieddine, Middleeasteye.net -

There is no shortage of corruption in Lebanon. According to Transparency International, people in Lebanon are the most likely in the MENA region to describe their politicians and state [...]