Are Ordinary People In The United States Screwed? My Reply

By Jack Rasmus on his website. -

In short, the policies since 2008–both Obama’s and Trump’s–for ten years now have been subsidizing the rich, the elites, the owners of capital incomes like never before in US history. Tax cuts [...]

This London Firm Helps The Wealthy Hide Assets – Or Steal Them. Luckily We Have 15 Years Of Their Client Communications.

By Barrett Brown, Counterpunch.org -

It is my cheerful duty to announce the acquisition of around 85 gigabytes of leaked emails, phone calls, faxes, and other documents originating from the London-based tax shelter firm Formations [...]

The Cost Of Climate Change: Steve Keen Dismantles William Nordhaus

By Lambert Strether, Nakedcapitalism.com -

DICE stands for “Dynamic Integrated model of Climate and the Economy”. It’s the mathematical model from which Nordhaus derives the results noted in the previous figures. DICE is based on the [...]

A World Without Dollars? Are We Approaching The End Of America’s Financial Order?

By Staff, Astutenews.com -

In the last decade or so, the reputation of the U.S. dollar has been widely discredited because it is viewed by many governments around the world as a risky asset since the U.S. economy holds [...]

In Record US Expansion, Rich Get Richer And Others Not So Much

By Trevor Hunnicutt, Reuters. -

New York - Last month Pink Floyd frontman David Gilmour sold his guitar collection for $21.5 million, including one piece - his famed “Black Strat” Fender Stratocaster - that went for nearly $4 [...]

The Mechanism Of Economic Sanctions: Changing Perceptions And Euphemisms

By Elias Davidsson, Globalresearch.ca -

In our discussion we designate economic sanctions as “coordinated restrictions on trade and/or financial transactions intended to impair economic life within a given territory”[5]. To the extent [...]

The American Dream Is Alive And Well – In China

By Ellen Brown, Truthdig. -

Home ownership has been called “the quintessential American dream.” Yet today less than 65% of American homes are owner occupied, and more than 50% of the equity in those homes is owned by the [...]

The Facts Behind The Hype: US GDP 1st Quarter 2019 Analysis

By Jack Rasmus, Counterpunch.org -

Last week’s US GDP for the 1st quarter 2019 preliminary report (2 more revisions coming) registered a surprising 3.2% annual growth rate. It was forecast by all the major US bank research [...]

New Rules for the 21st Century: Corporate Power, Public Power, And The Future Of The American Economy

By Nell Abernathy, Darrick Hamilton, and Julie Margetta Morgan, Rooseveltinstitute.org -

America’s political landscape and economic thinking are shifting. The 2016 election—and the rise of powerful movements over the past decade—has shown us that Americans are calling for change. [...]

Instead of Enriching Shareholders, These Companies Could Give 8 Million Workers a $46,000 Raise

By Colleen Boyle, In These Times -

During the most recent fiscal year, the 30 companies that make up the Dow Jones Industrial Average gave $378.5 billion to shareholders. That translates to more than $46,000 for each of their [...]

Global Economy On The Brink As Davos Crowd Parties On

By Jack Rasmus, Jackrasmus.com -

“At Davos, Switzerland every year the global capitalist elite gather to party…and to prepare for the year ahead. This year more than 1500 private jets will reportedly fly in. Thousands more of [...]

Report: Unhealthy Food Production Makes Healthy Eating Impossible

By Staff, Ellenmacarthurfoundation.org -

Hidden killers caused by food production are making healthy eating impossible for people around the world, according to Cities and Circular Economy for Food. The latest report by the Ellen [...]

‘Plunge Protection Team’ Holds Emergency Meeting As Trump Chaos Sparks Fears Of Another Financial Crash

By Jake Johnson, Commondreams.org -

"The stock market goes up and down and the market is not the economy. But it is, for many people, their retirement or their college savings plan. And a lot of wealth has been wiped out because of [...]

The Principles Of Socialism

By Charles McKelvey, Counterpunch. -

With the emergence on the U.S. political scene of self-proclaimed socialists like Bernie Sanders, Alexandria Ocasio-Cortez and Rashida Tlaib, and with membership in the Democratic Socialists of [...]

Financial Press Cheers Election Of Fascist In Brazil

By Alan MacLeod, Fair.org -

Brazil’s controversial elections pitted far-right Jair Bolsonaro against the center-left Workers’ Party candidate Fernando Haddad. But it was clear which candidate international markets—and [...]