On Contact: Economic And Political Collapse Of USA

By Chris Hedges, RT. -

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 – [...]

How The Pandemic Has Sped Up The Passage To Postcapitalism

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 [...]

Record Number Of Mortgage Delinquencies In The United States

By Hermina Paull, The Deep Dive. -

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 [...]

Make Corporate Landlords Pay For Housing Crisis

By Sofia Lopez and Sara Myklebust, Inequality. -

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 [...]

The Specter Of A Fascist Coup By Trump Haunts The US

By Roger Harris, Popular Resistance. -

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 [...]

US Sanctions Are Strangling A Lebanon In Crisis

By Bilal El-Amine, In These Times. -

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 [...]

Trump’s Executive Orders Are Public Relations Stunts

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 [...]

COVID-19 Crisis Failure, People Must Save Themselves And The Economy

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 [...]

GDP Shrinks By Record Amount In Second Quarter

By Sylvan Lane, The Hill. -

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 [...]

Economic Collapse, Pandemic: There Is No Plan (For You)

By Hamilton Nolan, In These Times. -

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, [...]

COVID19 Corruption: Wealthy And Well Connected Get Rich While People Suffer

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 [...]

Why The Third Quarter US Economic Rebound Will Falter

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 [...]

The Light At The End

By Nafeez Ahmed, Yes Magazine. -

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 [...]

US Retail Sales Plunged A Record 16% In April

By Josh Boak and Anne D'Innocenzio, AP News. -

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 [...]

Low-Balling The Unemployed In The 2020 Economic Collapse

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 [...]

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