A look back makes the outlook easier: A speculative boom in 1929 leads to a stock market crash and recession, the budget deficit increases, the austerity policies drive the economy into a depression. Tensions within and between countries increase, scapegoats are sought, anti-Semitism and protectionism are spreading.
Why the US Bank Crisis is Not Over (tags)
There must always be a financial crash at some point. That is because interest-bearing debt grows exponentially, but the economy follows an S-curve and then turns down. And when the economy turns down... the magnitude of financial claims on the economy exceeds the ability to pay.
Financial crisis and The time of change (tags)
A utopian society will have learned to decentralize power, to keep it manageable and controllable, instead of creating supranational institutions and conglomerates. Look at the EU & Brussels, an estimated 25,000 lobbyists besiege and work the deputies and commissioners.
The inflation debate and The inflation conundrum (tags)
If inflation is the result of a distributional conflict, it can be deliberately stopped by governments. Governments could skim off the higher profits through a tax in order to subsidize energy costs for consumers. Governments could also raise taxes (on the rich).
Raising interest rates to fight inflation is a crazy idea (tags)
A wrong analysis of the causes of inflation leads to wrong countermeasures. Wage restraint means a loss of purchasing power and does not change the increased energy prices. Higher interest rates will make loans more expensive, lead to less investment, eg renewable energies.
Numerous economists had predicted falling real estate prices and rental prices during the pandemic. But prices are rising. Once again, economists are surprised that reality does not want to follow their models... Central banks are squeezing even more money into the financial markets than ever before.
Just many more reasons why we can not trust US. Government.
Corporate Tax Avoidance in the First Year of the Trump Tax Law (tags)
The tax breaks identified in this report are highly concentrated among a few very large corporations. Just 25 companies claimed $37.1 billion in tax breaks in 2018. That’s almost exactly half the $73.9 billion in tax subsidies claimed by all 379 companies in our study.
We cannot repay the Corona debts (tags)
Now there are exactly two ways to revive the economy. The first and best option is to push back the neo-liberal agenda, strengthen the trade unions...If we do not succeed in pushing companies back into the role of debtors, the economy cannot function w/o new state debts.
WICC Program Lower Autism Rates (tags)
Autism seems to be related to nutrition.
Nuclear Shutdown News chronicles the decline and fall of the nuclear power industry in the US and beyond, and highlights the efforts of those who are working to create a nuclear free world. Here is our December 2017 report: Nuclear Shutdown News December 2017
In Praise of Taxes by Nicola Liebert (tags)
Our tax system p[romotes private wealth and impoverishes the community. Even if no one pays them gladly, most are aware taxes int he interest of the community are sensible. "Taxes are what we pay for a civilized society" (Oliver Wendell Holmes, former Supreme Court justice).
Five myths about tax havens (tags)
When tax havens assist kleptocratic elites in hiding their cash with impunity, they don’t guard against corruption and despotism — they help perpetuate them. Tax havens provide an escape route from laws that is available only to a rich minority that can afford to use it...
Worth Repeating: Suicide Rates Fall In Medical Cannabis States (tags)
Rewrite of article showing suicide rates have dropped in states that have legalized medical cannabis compared to increased suicide rates in states that maintained cannabis prohibition. Theories for why this happened is that cannabis is more effective as self-medication for depression than pharmaceutical pills and is often substituted for alcohol once legalized.
Nuclear Shutdown News October2015 (tags)
Nuclear Shutdown News chronicles the decline of the nuclear power industry in the US and beyond, and highlights the efforts of those who are working to create a nuclear free future.
Because of the trillions of dollars in the cancer industrial complex internationally (drug companies, hospitals, corporate, government and university research labs), many cancer cures are being suppressed.
How Economists Change the World (tags)
Theory development is also a war over dominance. The goals of Hayek's war were expulsion of the Keynesians, liberalization of the financial markets, abandonment of full employment policy, dismantling the social state and weakening unions.
Banks and the New "Too Big to Jail" Doctrine (tags)
Eric Toussaint,is a historian and political scientist. He is the President of CADTM Belgium, and sits on the Scientific Council of ATTAC France. He is the co-author, with Damien Millet of Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers, and the author of many essays including entitled "The Trial ofanExemplary Man"
In the Whirlpool of Deregulation (tags)
The economy changed from real- to finance capitalism since the 1970s. This was not an accidental development. The economic researcher Stephan Schulmeister sees a pattern where deregulation created problems that were fought with more deregulation.
Obamacare Restricts Choice of Hospitals and Doctors (tags)
Obamacare
Elevated Rates of Thyroid Disease in California Newborn Linked to Fukushima Fallout (tags)
A new study indicates that rates of a thyroid disease in California newborn spiked after they were exposed to fallout from the Fukushima nuclear disaster in 2011.
Bernanke Stays the Course (tags)
Fed
Ten Theses on the Crisis and its Solution (tags)
Problems don't disappear when they are ignored. Deregulation is a collective and political crisis. Language and democracy are endangered when arsonists are called firefighters, when private losses become public losses and crime in the suits is normalized as a business model.
America's Student Loan Racket: Stiffer Debt Boondage Coming (tags)
class war
Budget Cuts and Happy Times (tags)
For around three decades, a Troika from Wall Street, the US Treasury Department and the Federal Reserve pushed global (capital) investments with a mixture of tax cuts, cheap credits and overrated securities.
Growth Euphoria and Distribution Reality (tags)
The chasm between poor and rich opens even more. The uncoupling of growth and quality of life on one side and productivity and work volumes on the other side make clear that "business-as-usual" leads to growing problems. German GDP grew 300% with 20% fewer workers.
Fukushima, San Onofre and Our Health (tags)
It has been two years since Fukushima’s multiple meltdowns. . San Onofre nuclear power plant in the Southland has been shut down for over a year. Time to look back and gaze forward. This article will concentrate on nuclear power plants’ radioactive emissions and their effects on our health.
The Great Tax-Cut Experiment and Corporate Taxes as % of Profits (tags)
Comparisons with Other Countries: Americans pay a smaller proportion of total income in taxes than do people in any other advanced capitalist economy. as in Western European countries.
US Economy: Troubled or All's Well? (tags)
economy
Philippine campaign against high electricity rates snowballs (tags)
QUEZON CITY, Philippines – Thousands of electricity consumers from 55 cities and municipalities from 15 provinces and 10 regions are expected to stage a multi-form protest on November 22, dubbed as “National Day of Action against Epira (Electric Power Industry Reform Act), high electricity rates and privatization of the power industry.”
Is Capitalism Collapsing? (tags)
One of the causes for the obvious helplessness of the governments is that they function as simple receivers of orders of the financial industry. The financial industry has no interest in a policy that would make it liable for its inflicted disaster..
It’s not only jobs that are off-shored; the profits are as well (tags)
Trillions of dollars are hidden in secretive tax havens untaxed while austerity is imposed and jobs are lost.
More for the one percent, less for the 99 percent (tags)
Apple will give $45 billion to stockholders but no has cash for its sweatshop workers, and other routine economic news.
The Laffer Curve
The Truth About "Class War" in America (tags)
According to the myth, higher profits lead to greater investments and more jobs. In truth, higher profits lead to speculation in foreign currencies and corporations buying back their own stock. In the 50s and 60s when the top tax rate was 90%, job creation and growth occurred.
Philippine Congress asked to suspend interest for ?corrupted debts? in 2012 budget (tags)
MANILA, Philippines ? On the last few days of the budget committee hearings, a debt watchdog has asked the House Committee on Appropriations to follow President Benigno S. Aquino III?s example by suspending interest payments for ?corrupted debts and deals? in the proposed 2012 national government budget.
America's Student Loan Racket: Soaring Default Rates (tags)
student loans
Dollar-Yuan Currency War (tags)
The value of the Yuan is not the cause for the US trade and balance of payments deficits. The reasons are the high state indebtedness (armaments/ wars and tax gifts to the rich) and the indebtedness of private households. The US has a trade deficit with 90 countries.
America Replicating Japan (tags)
stagnation here like Japan
In the 1960s, JKGalbraith warned of two worlds: private affluence and public squalor. Now after the neoliberal counter-offensive, more than half of US states struggle with deficits. Without the social contract, we become wolves to each other.
WEALTHY ELITE DECIDE WHEN THEY GET THEIR TAX CUT ENTITLEMENT$ not THE U.S. CONGRE$$... (tags)
WEALTHY ELITE DO NOT ASK 4 TAX CUT ENTITLEMENT$ STUPID !
SURELY MIDDLE~CLASS & POORER AMERICANS SUPPORT PARIS HILTON$~ELITE TAX BREAK ENTITLEMENT$ (tags)
ELITE AMERICAN GAL$ LIKE PARI$ HILTON WHO ARE GOOD ENOUGH 2 $HED THEIR BLOOD 4 OUR WEALTHY ELITE'S COUNTRY ARE GOOD ENOUGH 2 BE GIVEN THEIR WELL DESERVED ELITE TAX CUT$ & THEIR BILLION$ BUSH JR ~ KARL ROVE ~ ESTATE TAX$ ABATEMENT$ STUPID !
California Budget Crisis (tags)
A petition to Governor Schwarzenegger and State Legislature regarding the California budget crisis
Los Angeles Hunger Striking Teachers Stop Action. (tags)
Activists Resume Eating But Continue The Fight For 2500 Teaching Positions
Reviewing Ellen Brown's "Web of Debt:" - Part III (tags)
Federal Reserve plunder Part III
Lessons from the Great Depression: Christina D. Romer (tags)
This paper was presented at the Brookings Institution Washington D.C. March 9, 2009. Christina Romer, economics professor at Berkeley, is one of President Obama's economic advisers in the Council of Economic Advisers.
Banks get Bailout,Public gets Credit Card Usury!!! (tags)
"If you're able to charge 30 percent or, in a payday lender case, 200 or 300 percent, you don't care so much if the loan-in fact, you actually want the loan not to be repaid. You want people to go into debt. You want to accumulate this interest. ..........................................................................
"Down the Memory Hole," Alan Greenspan Style (tags)
Greenspan-caused housing bubble
US Post office to raise rates again (tags)
Want to stop paying higher 1st class rates? You may already know about "forever" stamps....
Actions Against Forever 21 Continue (tags)
“What's going on here is environmental racism. Why are we always putting warehouses or pollution in certain areas? Why don't they put the warehouse here [in Old Town Pasadena]? We know that they're not going to put a warehouse here where they're going to have diesel trucks—50 an hour—coming in this area raising the asthma rates, raising the cancer rates. They're not going to allow that here, but they're going to allow it in our community. And they're going to say, 'That's what they're used to, that's what they deserve, that's what it's zoned for.'” -- Rosa, South Central farmer/Food Not Bombs
Banks Injure Economic Stimulus Plan by Jacking up Credit Card Interest (tags)
Could banks jacking up credit card interest during a horrendous recession—delay U.S. economic recovery and destroy the expected benefits of the Economic Stimulus Plan?
Only Lip Service: Interview with Heiner Flassbeck (tags)
Heiner Flassbeck describes the financial summit in Washington as failed. The UN expert says the central problems of speculation with exchange rates and raw materials were not addressed. The industrial countries divert from the real themes.
Bush and the neocons caused it all (tags)
Al jazeera tells it all
Global Economic Meltdown (tags)
Financial Instability is Leading to an Economic Catastrophe
The economy is not what they are saying!5 (tags)
"And another horror is that the stock market went up, which is Pretty Freaking Strange (PFS) since Barron’s reports that the earnings of the Dow Jones Industrials went down, dropping to $225.53 from $234.49. This has produced the unbelievable price-to-earnings ratio of 57! Earnings are going down, but the stocks are going up! To a P/E of 57! Un-freaking-believable!"
AT&T RAISES RATES ON FEATURES (tags)
Millions of Californians will start paying several dollars a month more for land-line phone service after AT&T's second price increase for custom-calling features since the state lifted rate caps last year. The nation's biggest phone carrier this week boosted the cost of caller ID, call waiting and a host of other features for a la carte phone service. The move could push many people to sign up for bundles of services, such as phone and Internet together, that could save them money overall but cause them to spend more with AT&T. Two-thirds of AT&T's customers have bundled services, which aren't subject to the rate hikes.
The future of Internet radio is in immediate danger.
The New World Currency Crisis (tags)
The US lost its absolute superiority as an industrial- and export-state..The US balance of payments deficit has nearly doubled since the 1980s..A hard landing of the dollar becomes more likely the longer the Asian exchange rate correction is delayed.
The Insular Conservative: John Winston Howard (tags)
The Federal Minister of Employment and Workplace Relations (big) Joe Hockey was forced this week to draw his leader’s attention to the oppressive reality facing average working Australians. Crushing debt, loss of penalty rates and other entitlements have forced many Australian families to the wall. Mortgagee sales in working class areas throughout the nation have increased at an alarming rate. John Howard, the darling of big business and the Corporate sector wondered why the common people were not eating cake!
New US Postal Rates Undermine Small Publications (tags)
US Postal Service duplicity to subvert First Amendment freedom
America is now the worlds biggest, best police state!!! (tags)
Amerika the worlds #1 police state! More people are behind bars in the United States than in any other country in the world. The U.S. incarceration rate of 737 per 100,000 people in the worlds highest.
Shades of Imeldific as Cebu spiffs up for Asean summit (tags)
For many people in the central Philippine island of Cebu, next week’s gathering of Southeast Asian leaders will be a hindrance rather than the economic blessing these sort of events are often dressed up to be. The presence of some 6,000 armed police and troops, stepped up security and road closures for many locals spell just one thing—”chaos.” From December 11 to 14, virtually all schools and government offices in Cebu City and the nearby towns of Mandaue and Lapu-Lapu will close down for a four-day holiday for the duration of the summit.
Phoenix is the most expensive place in the nation to rent a car because of taxes (tags)
Taxes in Phoenix and Arizona make Arizona one of the most expensive places in the nation to rent a car. The government theives at Sky Harbor Airport will shake you down for $7.80 to $30 a day for a car rental
New study predicts Jews will outnumber Arabs by 2:1 in 20 yrs (tags)
A new study recently presented to the United States Congress found Jewish birthrates are far outstripping Palestinian rates, and Israel's own statistics fail to account for even low levels of Jewish immigration when calculating national demographic trends. Alarming Palestinian birthrates claimed by the PA and quoted by Olmert are greatly exaggerated.
San Andreas fault 'set for huge quake' (tags)
The southern end of the San Andreas fault near Los Angeles, which has not had a major rupture for more than 300 years, is under immense stress and could produce a massive earthquake, a new study said.
In payback time in the culture of fear, important trade, budget and cable access bills are passed in the dead of night. The dominant elite consciusness is frozen, refuses alternatives and stylizes bankruptcy as normal business practice.
Unions and the Growth Mania (tags)
The more productivity advances, the less labor is needed to realize a certain growth rate.. A de-acceleration can reduce the increase of labor productivity and lead to more employment.. A strategy beyond growth should be developed.
When Telco Pricing Info Dries Up (tags)
Beastly phone companies hide rate increases.
The New Inequality Machine (tags)
From the middle of the seventies, the interest rates exceeded the real growth rates. This made it even more attractive for owners of capital to invest their money in the financial markets rather than the real economy.
Neo Cons to Meet in Vegas, Call to Action (tags)
Neo-Cons claim meeting is to foster democracy and freedom, yet they only invited one side. This is a good opportunity to show the right what democracy looks like.
Rise and Fall of Syphilis Said Normal (tags)
A recent rise in syphilis rates in the United States is probably due to natural cycles rather than an increase in unsafe sex or other behaviors, according to a new study.
Building Bridges Radio: Social Insecurity Bush Style & Working the Unfriendly Skies (tags)
Building Bridges : Your Community and Labor Report presents this 28 minutes radio program. TO LISTEN CLICK ON WEB ADDRESS LINK BELOW
Building Bridges Radio: Social Insecurity Bush Style & Working the Unfriendly Skies (tags)
Building Bridges : Your Community and Labor Report presents this 28 minutes radio program. TO LISTEN CLICK ON WEB ADDRESS LINK BELOW
With multiple crises—war, budget deficits and a collapsing dollar—on the horizon, the holier-than-thou Bush administration in the second term is likely to find itself facing a disaster of biblical proportions.
Inflationary Deflation or the Dominance of the Global Financial Markets (tags)
"When real interests are above real growth rates of the GDP, debtors are structurally overstrained. The debt crisis of the 1980s and the financial crises of the past decade suggest that a kind of post-modern `plundering capitalism' is arising.."
"Rainer Roth in The House of Cards puts the mechanisms of the capitalist economy on trial.. To counter the long-term descent of profit rates, the tax burden for businesses, a constant 21% from 1960 to 1980, has spiraled down to only 8% today.."
Virgin teens 'have same STD rate' - BBC (tags)
FROM THE BBC NEWS SERVICE Young Americans who pledge to remain virgins until they marry have the same rates of sexually transmitted diseases as those who do not, a new study says. __________
Imperial ills: The Great American Problematic: The Youth and Imperial Justification (tags)
Here is but a taste of what the American regime, as nation-state, faces because of its manipulated misdirection into an all encompassing global regime: the American-led corporate global empire -- Imperium in Imperio.
Conservative-Libertarian Split: Liberals Get It, Conservatives Don't (tags)
The left is aware of the emerging conservative-libertarian schism while the right for the most part remains in denial.
Let the rich pay, Camejo says (tags)
Green Party candidate Peter Camejo has unveiled a budget proposal which calls for strikingly higher income tax rates on Californians who earn more than $500,000 a year, changing Proposition 13 to allow reappraisals of many corporate properties and tax cuts for low-wage earners.
Paying Back Student Loans - Grads vs Banks vs Congress (tags)
One would think that with the horrible economy, graduates who have tried to better themselves with higher education would be able to take advantage of the low interest rates when paying back their student loans. Only it's not that easy...
Tax Cuts and Class Warfare (tags)
An argument against the beneficial results of tax cuts for the wealthy and trickle-down economics.
New Studies Raise Questions (tags)
A new African AIDS study seriously challenges the widely accepted hypothesis that HIV is a sexually transmitted virus. The study, by Dr. David Gisselquist, et al, appeared in the International Journal of STD & AIDS.
Cloning a brave new wolrd order (tags)
Will the advent of a human clone be a threat to the survival of the species?
Ballots across the West promise Power to the people (tags)
Public ownership of electric power is an idea whose time has come – at least in San Francisco, Las Vegas and in the Big Sky state of Montana. Voters in these western locales have a chance to vote Nov. 5 for ballot questions that open the way for city or state takeover or buyout of private utility companies.
ERROR RATES IN CAPITAL CASES (tags)
A BROKEN SYSTEM: ERROR RATES IN CAPITAL CASES 1973-1995
Dow Down A Record 681 Points -- Finishes Under 9,000 (tags)
Despite a half-point cut in interest rates, the Dow fell a record 681 points today, finishing at 8,924, according to preliminary calculations.
On the 5th Anniversary of Welfare Reform, Poverty Rates Remain Unchanged... (tags)
On the 5th Anniversary of Welfare Reform, Poverty Rates Remain Unchanged Grassroots groups organizing to challenge congressional reauthorization (A RealAudio Version of this interview may be found At http://www.btlonline.org).
Comments to CPUC on electric rate increases (tags)
California Public Utiities Commission is taking public comments on proposed electric rate increases. This letter suggests a cost-shifting approach to address the "crisis."