A Note From The Ministry Of Staple Guns

Rent strike organizing will not become widespread just because people are desperate.  These material circumstances need to be joined by the understanding that another world is possible.  That [...]

Bank Of England Warns Economy Could Contract By 14% In 2020

By Michael Settle, The Herald. -

The Bank of England has warned the UK economy could, in the midst of the coronavirus outbreak, shrink by as much as 14% this year, which would be the biggest slump in 300 years. In the current [...]

Here’s What A General Strike Would Take

By Hamilton Nolan, In These Times. -

You know that things are getting serious when #GeneralStrike starts trending on Twitter. It happened last week when Donald Trump was publicly mulling the idea of sending Americans back to work by [...]

The 2020 Great Recession 2.0–Or Worse! (Part 1)

By Staff, Jackrasmus.com -

A month ago, in late February 2020, I was convinced the recession I have been predicting since January 2019 had arrived. Two weeks ago I began writing this would be another ‘Great Recession 2.0’, [...]

Socialism At Its Finest After Fed’s Bazooka Fails

By Staff, Ellenbrown.com -

The financial crisis began in late February, when the World Health Organization announced that it was time to prepare for a global pandemic. The Russia-Saudi oil price war added fuel to the [...]

An Economic Recovery Program—Theirs vs. Mine

By Jack Rasmus, Zcomm.org -

The Coronavirus has been wrecking the US and global economies. While focus has been on addressing the biological devastation wrought by the virus, the economic devastation keeps growing. Failure [...]

Some Economic Responses To The Coronavirus Recession

By Matt Bruenig, Peoplespolicyproject.org -

In a normal recession, the proper goal of a policy response is pretty simple: increase output and employment by directly or indirectly increasing aggregate demand. Many proposed responses to this [...]

Coronavirus Exposes The Cracks In Globalization

By  Marshall Auerback, Independent Media Institute -

The coronavirus will eventually pass, but the same cannot be said for the Panglossian phenomenon known as “globalization.” Stripped of the romantic notion of a global village, the ugly process [...]

Global Financial Asset Deflation Underway: Prelude to Next ‘Great Recession’?

By Staff, Jackrasmus.com -

This morning, Monday, March 9, financial asset markets continue to implode: US stocks are further collapsing -6% (Dow down 1650, Nasdaq >500 mid-day). Ditto Asian and Europe stock markets -6%. [...]

Financial Meltdown: The Impending Credit Crunch; The Next Shoe To Drop?

By Mike Whitney, Informationclearinghouse.info -

Investors perception of the Fed’s role in fueling rallies, micromanaging the markets and providing a safety-net whenever stocks fall, has reached a critical tipping point. For the last decade, [...]

Twenty Top Economists Conclude Medicare For All Saves Money And Lives

By Staff, Hopbrook-institute.org -

We are economists interested in public policy and healthcare. Some of us have worked to estimate the cost of alternative healthcare programs. Others have reviewed such estimates. We believe the [...]

Global Financial Asset Deflation Underway: Prelude To Next ‘Great Recession’?

By Jack Rasmus, Informationclearinghouse.info -

March 10, 2020 "Information Clearing House" -  Monday, March 9, financial asset markets continue to implode: US stocks are further collapsing -6% (Dow down 1650, Nasdaq >500 mid-day). Ditto Asian [...]

Is The U.S. Fracking Boom Based On Fraud?

By Justin Mikulka, Desmogblog.com -

In a 2016 interview with Fraud Magazine, former Enron CFO Andrew Fastow explained what he thought made him so successful while at the former energy corporation that's now infamous for financial [...]

Maine: Medical Cannabis Is Now State’s Third Largest Economic Market

By Staff, Norml.org -

Augusta, Maine: Patients purchased an estimated $112 million worth of medical cannabis-related products in 2019, according to newly released Maine tax data. The annual revenues related to medical [...]

Fragile Safety Net Leaves U.S. Economy Vulnerable To Coronavirus Hit

By Jonnelle Marte and Heather Timmons, Reuters.com -

NEW YORK/WASHINGTON (Reuters) - The spreading coronavirus outbreak poses a double-barreled threat to U.S. workers who face not only the prospect of lost wages if they are forced to stay home [...]