On the show this week, Chris Hedges discusses the economic and political collapse of the American empire with economist Professor Rick D. Wolff. Wolff’s new book, ‘The Sickness is the System – [...]
By Yanis Varoufakis, Thoughts for the Post-2008 World. -
Two days ago, something extraordinary happened. Something that has never happened before in the history of capitalism. In Britain, the news came out that the economy had suffered its greatest [...]
As many Americans continue to struggle to meet their debt obligations amid the coronavirus pandemic, it appears first-time homeowners have been hit the hardest.
According to a recent report by [...]
While so many of us struggle to survive, some of the richest billionaires in the world dominate the residential real estate industry in the United States. These corporate landlords are companies [...]
Spreading faster than COVID-19 among those on the portside, warnings of a fascist-style coup by Trump are rampant this presidential campaign season. Meanwhile, in the real world, more than 51 [...]
The Lebanese economy crashed into the equivalent of a brick wall sometime in the last few months of 2019. The Lebanese pound (or lira), which was pegged to the dollar and appeared to be [...]
By Jack Rasmus, Predicting the Global Economic Crisis. -
Trump, Meadows, Mnuchin and McConnell cleverly set up and sucked in Pelosi and Shumer into negotiations last week, never planning to conclude a deal by Friday, in the process getting them to [...]
By Kevin Zeese and Margaret Flowers, Popular Resistance. -
The US is at a moment of truth. This week, Congress has to face up to a pandemic that is out of control and an economy that is collapsing. The Republican's and Democrat's proposals show they will [...]
The U.S. economy shrunk at a seasonally adjusted annualized rate of 32.9 percent during the second quarter of 2020 as the first wave of the coronavirus pandemic spurred an economic collapse of [...]
In the midst of an enormous, unavoidable increase in national unemployment, the $600 per week unemployment benefit increase that has sustained millions is set to run out at the end of this month, [...]
By Kevin Zeese and Margaret Flowers, Popular Resistance. -
While corrupt elected officials and elites feed at the public trough, the economic collapse is hitting people in the United States hard. According to the newly released Bureau of Labor Statistics [...]
By Jack Rasmus, Predicting the Global Economic Crisis. -
All Great Recessions with an initial deep economic contraction, are typically followed by brief shallow recoveries, cut short by subsequent double dips or quarters of no growth [...]
Within just a few weeks—faster than the blink of an eye in geological time—a tiny, microscopic entity brought the global monolith of human civilization, the captains of industry, the might of the [...]
Baltimore, MD - U.S. retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened the viability of stores across the [...]
By Jack Rasmus, Predicting the Global Economic Crisis. -
This past Friday, May 8, the US Labor Dept. released its latest jobless figures. The official report was 20 million more unemployed and an unemployment rate of 14.7%.
Both mainstream and [...]
