IMF Forecasts Low Growth, High Debts and Prices (tags)
Ahead of IMF, World Bank and G20 Meetings, IMF Head Delivers Views on Global Economy
Inflation in the Age of Finance Capitalism (tags)
The shift of profit-striving from the real- to the financial-economy lowered economic growth Unemployment and atypical jobs soared. The welfare state was weakened. At the same time, financial wealth grew exorbitantly (the DAX increased 14-fold since 1988).
At universities, the reality of the financial casino is taboo (tags)
When buying or selling, high-speed trading can bring profits a few milliseconds or microseconds ahead of other high-speed trading bidders. These speculative trades have nothing to do with the good functioning of the financial markets. On the contrary, prices can be manipulated.
Is our system capable of solving the big problems of the future? (tags)
How high rents for residential and business premises are, how much biodiversity there is in our cultural landscape isl determined by the rulers. Energy prices, construction prices, food prices are the results of politics. Desolate inner cities are made by politicians.
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.
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).
Who can afford capitalism anymore? and Why are prices rising? (tags)
When the state now debates the need to create relief packages for employees, pensioners, unemployment benefit recipients, trainees and families, this is official confirmation that the result of wage labor is also poverty. The majority of citizens find themselves in a dual role...
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.
Energy crisis: market intervention by policymakers is necessary (tags)
We are in the middle of a multiple energy crisis. The supply of energy is in danger, and prices will continue to rise. This is not only a problem for private households and companies. There is a danger that persistently high inflation will become entrenched. Then severe economic depression
The price explosion of wheat (tags)
Many people in this country develop the willingness to explicitly freeze for an ideal. Whether for freedom of whatever kind or for the climate. Already now one could marvel at signs on "peace demos", on which was written: "Better freeze, than gas from Putin!"
The war in Ukraine and the consequences for the world economy (tags)
The Corona pandemic already shows that a rethink of trade policy is needed and that the neoliberal form of globalization is not fit for the future. Large-scale investments in renewable energies and a fair design of trade agreements would be advances that benefit everyone.
Those who benefit from Corona should pay too (tags)
It's a dangerous trend for a society that is already tending to drift apart and where tensions could become ever greater: Corona has caused the differences between rich and poor to grow, even in Germany. Those who have anyway will become richer in the pandemic.
Promoting Sustainable Economics (tags)
The protagonists of neoliberal globalization seek to fight the devastations – for which they bear responsibility – by the same means that cause the devastations. Now is the time to seize the opportunity and build up economic policy pressure to enforce the development of an economic order that is sustainably oriented...
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.
The market is more powerful than politics (tags)
Every year more social housing units fall out of rent control than new ones are built. As a result, the stock of apartments with legally fixed maximum prices is continually shrinking. The negative effects that were feared with the introduction of the Berlin rent cap have largely failed to materialize.
Colchicine or Colcrys - Enclosure of the Commons (tags)
A rundown of how the FDA helped make some big drug companies richer, and small drug companies bigger, by privatizing a 5000-year old drug.
Financial Markets and National Socialism (tags)
Joseph Goebbels was appointed "Reich Minister for National Enlightenment and Propaganda "7 on March 15, 1933.: "The people should begin to think and react in a unified way. [...]" They should stand behind the actions of the government with full sympathy and support.
Selling off. The Price of Privatization in France (tags)
Liberalization and privatization have ultimately only confused consumers, but have whetted the appetite of the industry bosses and their puppets even more. The takeover of the state by the private sector is no longer about the realization of an ideological project.
The Attack of Corporations and the Rich on the Rest of Society (tags)
Inconceivable sums were given out without hesitation when the banks were bailed out from bankruptcy. The rich triumph and despise others as losers. Corporations and the rich must desist from their selfishness and accept their responsibility for society again.
27 Of Many Reasons To Impeach Trump's Ryan Zinke (tags)
Zinke has removed dozens of Native Americans from powerful positions, has massacred bear cubs, mustangs, endangered whales, opened the Atlantic coast to drilling, eviscerated fracking regulations
The systemic reasons for the crisis are more important than a sudden fall in prices. Stocks are held on average 22 seconds, not 6 months or ten years. Real-capitalism is a plus-sum game. Financial capitalism is a zero-sum game.
Brining you to your knees.
Criticism of Market Theory and Market Ideology (tags)
Market fundamentalists cling to the myths of the self-healing market and corporate beneficence..The real market economy functions very differently than the fantastic notions of the theoretical market economy. Maximum individual profit does not agree with social welfare.
Leaked TPP Trade Bill Healthcare Annex (tags)
trade
Heading Toward Financial Maidan in Ukraine? (tags)
Ukraine
US Orchestrated Coup Plot in Venezuela? (tags)
Venezuela
Oil Prices: What Goes Around Comes Around (tags)
oil
US Coup in Ukraine: Oliver Stone's Documentary (tags)
Ukraine
Low Oil Prices: Boom or Bust? (tags)
oil
oil
The Uber-fication of the Democratic Party (tags)
For decades, the Democrats have been the workingperson's party, but no longer. Many important muck-e-mucks have abandoned the beleaguered worker.
The new indebtedness is a consequence of the crisis caused by the financial industry-and in no way owed to an excessive social state, demographic change and so forth.. There are many critics of this policy of mastering crisis by flooding the financial markets with fresh money.
The Rent Crisis in Los Angeles (tags)
There is a growing housing and rent crisis in Los Angeles. The resistence is here and growing.
Bracing for An Eventual Day of Reckoning (tags)
markets
Rigging Foreign Exchange Markets (tags)
markets
Criticism of Market Theory and Market Ideology (tags)
Market fundamentalists cling to the myths of the self-healing market and corporate beneficence..The real market economy functions very differently than the fantastic notions of the theoretical market economy. Maximum individual profit does not agree with social welfare.
Politics Serving Free Financial Markets Creates False Incentives (tags)
Stable exchange rates, a strict regulation of (financial-) capital transactions, a transactions tax and low interest rates should make financial speculation so unattractive (“euthanasia of the profiteer”) that real investments would quickly expand to maintain full employment.
gold
Gold Drops Most in 30 Years (tags)
gold
banking
More Evidence of Chupacabra than Bipartisan Fiscal Cliff Hype (tags)
The bipartisan hype over the so-called "fiscal cliff" is an attempt my the status quo to institute severe austerity measures that would effect seniors, disabled and other people dependent upon the social safety net that is set up on the chopping block by BOTH Democrats and Republicans. There may be more evidence of the mythical chupacabra (goat sucker) than there is proof of any upcoming fiscal cliff. Either way we are dealing with some really mangy bloodsuckers!
Going Viral: Moors' Law for Oil says $7 a gallon gasoline in '17 (tags)
Moore's Law for transistor count is ending, but now there's Moors' Law for oil and it says gasoline -- US national average -- will be $7 in 2017 as oil reaches $120 a barrel. The law is named for Kent Moors, a professor Duquesne U. Specifically, the price of oil and the number of cars in China, which drives it, double every 5 years. These murderous prices change everything in society.
Filipino workers band together for a stronger labor front (tags)
SENTRO vows to fight for wages, secure jobs and other long-standing issues
CPP joins Filipino women in marking International Women's Day with protests (tags)
The Communist Party of the Philippines (CPP) today expressed support and solidarity with the Filipino women in marking the 98th anniversary of International Women’s Day with mass protests against oil price increases and intensifying American military intervention.
PHILIPPINES: How to Slay the Oil Price Monster (tags)
Leaders are elected in order to take decisive action to solve problems. What is demanded from a leader is–after a careful weighing of costs and benefits–action that cuts the Gordian Knot of a seemingly complex reality.
Philippine Labor party calls for removal of VAT on oil to reduce prices (tags)
One day after the transport protest against the unabated increases in oil prices, the Partido ng Manggagawa (PM) called on the administration of President Benigno Aquino III to remove the VAT on oil products as an immediate measure to reduce prices.
Philippines: Annoying P-Noy (tags)
Because the Reds have time and again failed to sell to the majority of Filipinos their offered prescriptions to our national problems, they’ve resorted to all sorts of gimmicks in order to get our attention.
Renewable energy solution to oil price hikes (tags)
Manila, Philippines: Akbayan Party today urged the Aquino administration to push for renewable energy as a long term solution to oil price hikes. Akbayan lawmaker Walden Bello said that the spiraling cost of fuel should send alarm signals to the government and stress the urgency of pushing for renewable energy to address the country’s energy needs.
Zombie Housing, Zombie Banks, Zombie Governments: Economy Cassandra Says Marx was Right (tags)
"Karl Marx had it right. At some point capitalism can destroy itself because you cannot keep on shifting income from labor to capital without not having excess capacity and a lack of aggregate demand, and that's what's happening." --Nouriel Roubini
Israel: Rogue State Land of Inequality (tags)
inequality
U.S. House of Representatives: Stupid? Crooks? or Stupid Crooks? (tags)
Some of our representatives are just plain dumb as box of shale. They may even believe that American oil can be sold at Mom and Pop's Gas-It-Up.
"1st Great War of the 21th Century" (tags)
global war
U.S. Presidential Candidate Stewart Alexander: Oil Giants Price Gouge for Record Profits (tags)
Alexander is also proposing that working families receive a federal tax break for each family member traveling more than 20 miles round trip to work; Alexander say “these families should be permitted to receive a tax deduction or a minimum $300 tax credit for their entire annual fuel cost. As President of the United States, I would seek to make this retro-active back to January 1, 2011.”
One Land, Two Economies (tags)
Economic prosperity and progress for the president are obviously synonymous with robustly higher profits for businessmen and stock speculators. The large majority of Americans must suffer more because the crisis is not over for them.
Why Tunisia Changed the World (tags)
Tunisia woke up the Middle East with a thundering yawn. After years of domination by western-backed tyrants, the working people of the Arab world are rising from slumber. Once fully awake and aware of their surroundings, they'll shake off the influence of the western nations with a collective flick of the wrist. The elites of the Middle East and their western benefactors are petrified. The revolution in Tunisia deposed of two Presidents in 48 hours, and the vast energy of the people has already spilled over its borders, immediately affecting the politics of Algeria, Jordan, and Egypt. The Guardian reports:
America Replicating Japan (tags)
stagnation here like Japan
The Banking and Financial Crisis (tags)
"The transition from a long-term to a short-term orientation went along with the exaggerated profit goals. The approach of shareholder value sets maximum profits and dividends in the center of business policy and no longer long-term investments and the interests of employees.."
Bank Tribunal: In the Claws of Speculators (tags)
The enormous rise in prices of oil and food in the summer of 2008 was largely caused by speculation. Thousands upon thousands of people died of starvation at that time. Politics was a compliant accessory of the financial branch. The Bank Tribunal will be from April 9-11 in Berlin.
"We are in the Greatrest Financial Bubble of all Time" (tags)
"An old world perishes as a new world arises-pictorially comparable to a caterpillar that dies because the butterfly comes to life. What is called financial crisis is only a superficial symptom.. One of the main causes of the debacle is the Americanized corporate governance." (F.Malik)
What is Inflation? (Ver. 2.1) (tags)
Inflation is a rise in the general price of things. As a result, people believe they are able to buy less things.
What is Inflation? (Version 2.0) (tags)
Inflation is a rise in the general price of things. As a result, people believe they are able to buy less things.
Will the Great Depression Be Repeated? (tags)
Global trade fell 30 percent three years after the crash. The US gross domestic product shriveled 40 percent. In 1932, every fourth American was without a job. In Germany, industry only produced half of what was produced three years before.
The Face of Privatization (tags)
Under the present rule of neoliberal privatization, the all-embracing principle is conquest of the world transformed into rights of private property.. After destruction of the privatization myth, we need real democratization.
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.
The Blood of the Black Sheep (tags)
Crisis and Catharsis. Capitalism begins its great self-purging to remain what it is. The Wall Street boys and girls have not forgotten how to make money amid crisis. The speculation bubbles burst. The fictional wealth dissolves in thin air thanks to falling home prices and stock prices.
Excess Debt and Deflation = Depression (tags)
the worsening economy
The Grand Illusion-Mega-Bubble World Economy (tags)
Self-righteousness is really the grand illusion. The global North consumes the resources of the global South. We are literally devouring the future. Given resource scarcity and climate change, the world economy as a whole is a bubble economy, a monstrous bet on an impossible future.
PANIC DECLARED Empty store shelves, gas pumps, ATMs ahead. (tags)
Who am I to declare a panic? Don't worry about that yet; just stock up on a little cash and canned goods. When everything the feds do JUST MAKES THINGS WORSE -- we are in a panic. Not just grandpa's Depression, but a good old-fashioned running-scared panic when the shelves go bare ...
CDIR Condemns California's Budget Cuts (tags)
The Coalition to Defend Immigrant Rights (CDIR)-USA based in Los Angeles vehemently condemns the California Governor Arnold Schwarzenegger’s state budget that eliminated $510 million in spending, including financial aid for elderly renters and homeowners and a program he championed to lower prescription drug prices for low-income Californians. The CDIR said that Gov. Schwarzenegger for the second year in a row, stripped funding from a program he and Democratic legislators created in 2006 to negotiate lower prescription drug prices for Californians. "The CDIR agrees with California Assembly Speaker Karen Ba
FIGHT THE WALL STREET ADDICTION FRAUD AND “RESCUE” TRAP! TIME FOR REAL SOCIALIST CHANGE (tags)
The new Paulsen-Bernanke package to “rescue” Wall Street will only puff the speculative bubble and trap the working people’s money in it. It hopes to keep the addiction, greed and gluttony for speculative profits going. It’s time to beat down Wall Street capitalism! Time to put working people’s welfare first! Time for real, socialist change.
Energy and Climate - Hunger and Money (tags)
At the World Economic Forum, the extensive global crisis is trivialized to four "great risks." The neoliberal elite does not want a system change. It wants to assure itself against the threatening fourfold injustice. A 20% loss in the global social product could be avoided.
A cataclysmic financial storm is about to bring down U.S. economy (tags)
"This phenomenon is a growing threat to the national security and sovereignty of the US. The hundreds of billions of dollars caught up as windfall profit for Arab Islamic oil barons is soon to be used to buy distressed and foreclosed property from the very Americans that the run up in oil has exploited."
Ten to twenty years is far too long to wait for a solution that was needed decades ago. Common sense approaches will prepare us for an oil-independent future. Immediate steps can be taken to alleviate the impact of rising gas prices.
Full Speed Against the Brick Wall (tags)
Massive capital has streamed into the raw material sector and crude oil. When we leave the market to speculators, panic rules. The economy falls into a double crisis-out of scarce raw materials and energy and falling profit rates and mass demand.
Hunger, The Silent Tsunami (tags)
Rice, the main food for nearly half of the world's population, costs twice as much as in December. The economic policy of the World Bank forced on countries on account of neocolonial trade relations is responsible for the unproductivity, not only the traditional small farmer system.
Fannie, Freddie, Food and Fuel (tags)
The financial crisis deepens with the nationalization of IndyMac and the likely bailout of Freddie Mac and Fannie May by the US taxpayer. The financial crisis has company as inflation, and in particular huge increases in global food and energy prices, enters the fray. The American economic model has been discredited and the American century has lasted but a few decades. These developments have and will further open up a new period in the struggle between capital and labor on the world stage and the US working class will have a major role to play as it re-connects with its militant traditions.
"Stop the Biofuel-Madness!" (tags)
"The high oil price and the food crisis threaten the existence of over a hundred million people." (Walden Bello) "People in poor countries must starve so the rich can continue driving their cars." Growing plants for biofuels is a crime against humanity.
The population has to get used to gas prices three times higher than four years ago. Rising energy- and food prices and the real estate crisis accelerate pauperization tendencies in the US.
Alexander Agrees with Schwarzenegger, No Offshore Drilling (tags)
Socialist V.P. Candidate Stewart A. Alexander seldom agrees with any political positions of California Governor Arnold Schwarzenegger; but when the issue is offshore oil drilling, Alexander firmly supports the Republican governor’s position to continue the prohibition on offshore drilling. On this important issue, Alexander is asking the nation to give Governor Schwarzenegger their full support.
"Oil Crisis Changes Globalization" (tags)
In the poorest hundred countries, the high oil price is intensifying hunger and poverty. "These people stand at the edge of a possible disaster," Jeremy Rifkin says. The high prices for oil, gasoline and gas change the rules of globalization.
Potential Future Hyperinflation (tags)
Potential economic trouble ahead.
Can the Market End the Food Shortage? (tags)
Speculative money now flows in soy, corn, rice, wheat and sugar. The possibility of a "bubble" exists because speculators orient themselves in the behavior of other speculators and are only restrictedly interested in demand.
The Hike in Oil Prices: Speculation-But Not Manipulation (tags)
When oil jumps as much as it has, doubling since May 2007, it's natural to assume that something striking must have happened. In the past five years, investment in index funds tied to commodities has grown from $13 billion to $260 billion.
ALBA (Bolivarian Alternative) Has Brought Nicaragua out of Darkness (tags)
Nicaraguan foreign minister Samuel Santos explains how twice as many children are in school one year after the new government assumed power. Nicaragua now exports beans instead of importing beans. The South is helping itself.
World Bank and IMF Policies Caused Food Crisis (tags)
The IMF changed its economic direction and took a market radical neoliberal economic course at the beginning of the 1980s with the rise of monetarism. Hunger inthe world can only be overcome with long-term sustainable strategies, not with the short-term horizon of Wall Street.
The price explosion has nothng to do with a shortage in grain. After the quasi-collapse of the US financial markets, international ivnestors floated a considerable part of their funds in raw material- and food branches.
Mexico Exports Corn and Impoverished Farmers (tags)
Food that Mexico could have easily produced itself must be purchased for ten billion dollars every year from the US. Today Mexico can offer ruined farmers as its most important export article. Prices for corn, wheat and rice soared 40-50 percent within eight months.
Sandbox Liberals Practice Damage Control: World Bank and IMF (tags)
The IMF and the World Bank are not self-critical. With their conditions on developing countries, these two institutions crafted the economic structures that led to today's disaster. The world economy functions according to the rules of power and profit logic.
America, Fight Back: Nationalize the Oil Industry! (tags)
Surging oil prices are sinking the U.S. economy, while Big Oil is raking in obscene profits. For example, ExxonMobil recorded profits in 2007 of $40.6 billion. Its CEO’s pay averaged out to $13,700 an hour. Today, gas is selling at $3.50 a gallon with no end in sight. Truckers are paying more for their diesel fuel and as a result food prices are rising. Globally, nationalization of the oil industry is the trend. It’s time for the U.S. to join that club.
Why Is Oil More Expensive? (tags)
The reason for the high price of oil is that specualtive capital after the eruption of the US real estate crisis in the summer of 2007 now wreaks its havoc in the oil- and other raw material sectors. Workers have a world to win whose contours can hardly be defined.
World Food Crisis Threatens Rich Nations (That's Us), Too (tags)
Unless we act fast for a global consensus on the price spiral, the social unrest induced by food prices in several countries will conflagrate into a price contagion, leaving no country-developed or otherwise-unscathed.
Workers Pay for Their own Impoverishment (tags)
A whole series of factors are combining to undermine the financial position of banks. None of this happened by chance. It is only to be expected that brokers should seize every opportunity to line their pockets. They use innovations to kid themselves they can abolish risk.
Want to Sock It To the Bush Regime and OPEC??? (tags)
Leaving your automobile at home,just one day in a month is enough amazingly,in North America,to save hundreds of millions of gallons of gasoline from being used and this has loads of benefits...!
Militants slam lifting of rice import quotas (tags)
- Militant groups on Tuesday attacked President Gloria Macapagal-Arroyo’s decision to lift rice import quota as a way to ease the rice shortage the country is reportedly experiencing. The farmers group Kilusang Mayo Uno said that removing the quota would benefit only the rice cartel, which KMP claims is behind the rice supply shortage and is allegedly manipulating prices. KMP chair Rafael Mariano explained that even with the quota of 300,000 metric tons of rice, the private sector only imported less than 10 percent of that volume over the past two years because of high world prices and local tariffs on imports.
Recession and Repression (tags)
The real inflation rate including energy and food amounted to 7.4 percent in January. The number of purchased homes reached an historic low. The compulsory auctions by banks have nearly doubled compared to the preceding twelve months.
If we all act togeather (tags)
Keep it going
Federal Tax Relief Vanishing at Pumps (tags)
Senators Barack Obama, Hilary Clinton and John McCain are rehashing the old political rhetoric that the Democrats and Republicans have coined to win elections every four years. However, in 2008, working people are searching for real solutions to complex issues; ending the Iraq War and dealing with a global industry that is beyond the control of the Democrats, Republicans or their candidates.
US Crisis Sends Europe's Housing Market into Free Fall (tags)
Investor George Soros sees the worst economic crisis since the Second World War as the aftermath of heavy debts and the credit crunch. Speculative greed for profits and contempt for whistle-blowers led to the crisis. Will there be system correction or only cosmetics?
Want to "Sock It To" Bush and OPEC? (tags)
Fight those greedy,manipulating bastards back with "Stop Your Engines Day!"
Dislocations and Crises (tags)
Liberalization of the finance markets started a mechanism where the broad mass of the world's population lost. Only a few conglomerates and wealthy persons are winners.
Want to "Sock It To" Bush and OPEC? (tags)
Fight those greedy,manipulating bastards back with "Stop Your Engines Day!"
Transport group threatens to hold protests anew (tags)
Militant transport federation Pagkakaisa ng mga Samahan ng Tsuper at Operator Nationwide (Piston) yesterday denounced the Arroyo administration’s insistence that the government cannot suspend the 12-percent expanded value added tax (eVAT) on oil and other petroleum products in view of the high oil prices as it threatened to mount a series of nationwide protest actions.
Forget oil, the new global crisis is food (tags)
A new crisis is emerging, a global food catastrophe that will reach further and be more crippling than anything the world has ever seen. The credit crunch and the reverberations of soaring oil prices around the world will pale in comparison to what is about to transpire, Donald Coxe, global portfolio strategist at BMO Financial Group said at the Empire Club's 14th annual investment outlook in Toronto on Thursday.
Statement of Solidarity on the Two-Day Filipino People’s Transport Strike (tags)
The Philippine Peasant Support Network (Peasant-USA) whole-heartedly and militantly support the 2-day nationwide transport strike led by the Alliance against Oil Price Hike. PISTON and BAYAN Philippines. The people and the public transport sector have no choice but to show their strength and unity in the face of these continuous depredations and acts of economic sabotage. This is while the oil price worldwide to $ 85 per dollar. While oil prices is going down, oll prices in the Philippines is skyrocketing to the limits
Venezuela: The economic tug of war between revolution and counter-revolution (tags)
A recent report from Datanalisis (1) [the Venezuelan statistical service] revealed what already many people knew and suffered from. Scarcity of basic foodstuff is becoming intolerable. This study established that milk, beef and sugar have become very difficult to find. Other products like chicken, cooking oil, cheese, sardines and black beans are also very scarce. The analysts who compiled the report interviewed 800 people in some 60 different shops, supermarkets and markets, both in the private sector and the public distribution network, Mercal. 73,3% of the places visited had no milk powder for sale. 51,7% no longer had refined sugar, 40% had no cooking oil, and 26,7% no black beans, a basic staple in Venezuela. Two thirds of the shoppers declared that they experienced food scarcity to one degree or another in the shops where they usually buy. Queues of a few hours, sometimes up to four hours, to buy some milk are no longer the exception. This is reminiscent of the situation in Chile when wholesale economic sabotage was used against the left-wing Popular Unity government of the 1970s. Without giving in to the panic stories and exaggerated reports of the right-wing media, we must understand that this is a serious situation. The bosses have even threatened to extend this situation into the first quarter of 2008, especially because of the uncertainties related to the questions of private property included in the new constitutional reform. They are grabbing the revolution by its throat.
U.S. dollar - a "worthless piece of paper." President Mahmoud Ahmadinejad (tags)
And he is right. A $100 bill is worth the paper it's printed on and backed by nothing else. Up till 1933 the U.S. was backed in gold. You could exchange a $20 bill for an ounce of gold. And up till the 1960's the dollar was backed up by silver. You could go to the mint and trade paper dollars for silver. But now the dollar is backed by NOTHING and a dollar is worth nothing more then the paper it is printed on.
Real Estate Crisis in the US (tags)
Credit failures in the real estate business threaten the whole payment system between banks, private businesses and households handled through short-term credits..The US real estate crisis affects other economic sectors and countries and cal also lead to a shift in class relations.
"Stop Your Engines Day"! (tags)
Leaving your automobile at home,just one day in a month is enough amazingly,in North America,to save hundreds of millions of gallons of gasoline from being used and this will have a number of positive effects,from dropping gas prices owing to having created a surplus plus a little bit cleaner air!
Global wheat prices soar to new highs (tags)
Compared with initial forecasts of a near-record crop of up to 26 million tonnes, dry weather has shrunk expected output to 20-22 million tonnes, according to industry forecasts. reuters
Billions Dissolve in Thin Air (tags)
While the political class practices faith healing, all the participants know the end is coming when more speculative bubbles burst. The popular dogma that financial markets and the world economy are more efficient when deregulated and liberalized is over.
Market Efficiency Hokum (tags)
Debunking the myth that free markets work best.
Stop Your Engines! (and leave em at home!) (tags)
Also if gasoline prices are lower,then this will have an effect on lowering prices across the board on a lot of consumer goods and services because the transportation costs re gasoline,are lower as a result.
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.
Fabian Nunez 12-Day Posh Trip to Rio Paid for by Chevron Oil (tags)
Schwarzenegger's powerful chief of staff, Susan P. Kennedy, and her partner spent a legislative spring break in Rio de Janeiro at the posh Copacabana Palace with Democratic Assembly Speaker Fabian Nuñez and his wife — on the tab of a foundation largely financed by Chevron and other energy companies. During the 12-day conference, Chevron's lobbyist got an entire day on the official agenda, which the public knows about only because of our Public Records Act request. Nuñez, who last year was highly critical of oil companies, seems to have nothing to say this year.
NO GAS DAY on May 15th! (tags)
Spread the word! Stick it to the Oil-agarchy on May 15th. No more blood for oil.
Gasoline: More Pain At The Pumps (tags)
Within the past five months, since November 2006, the average driver is paying an additional $42 per month for gasoline and more than $100 per household. Families are finding it difficult to meet household expenses and are cutting back on weekend activities and vacation plans. The higher gasoline prices are driving up inflation nationally and are affecting the cost on consumer goods and services.
Washington No Match For Big Oil (tags)
Most of the Democratic and Republican presidential hopefuls are reluctant to challenge big oil, insurance companies, health care providers and many of the big corporations that are driving up inflation because these candidates for president will be relying on the same big corporations to contribute the hundreds of millions necessary for a successful campaign in 2007 and 2008. The Democrats and Republicans are selling America to the highest bidders.
Oil in Brazil and the world: analysis under diverse aspects. (tags)
Brazilian government must suspend, while the sector is reorganized, the rounds of licitations of areas promoted by ANP.
Elections Are Over, Gas Prices Are Up (tags)
The 2006 Election results have been posted within the past few days and gasoline prices have already begun to show increases throughout the entire State of California and in some areas prices have increased 10 to 15 cents. Alexander says, “The greatest challenge Americans are facing to stop rising gasoline prices is not being organized to demand lower prices at the pumps. It is unfortunate that America’s one party system is keeping the nation divided on this front to protect the oil giants.”
BTL:Many in US Believe Decline in Gas Prices is Product of... (tags)
..Pre-Election Manipulation~Interview with Greg Palast, BBC-TV investigative journalist, conducted by Between the Lines' Scott Harris
Alexander: Lower Gasoline Prices, Still No Bargains (tags)
Within the past two months gasoline prices have been on a steady decline; in some areas of Southern California prices have dipped below $2.60 per gallon. Stewart Alexander, with the Peace and Freedom Party, admits the lower prices are good for consumers; however he says, “It is not good enough; we need to have gasoline prices below $2.25 per gallon to benefit commuters and truck drivers, and Proposition 87 is not the answer.”
GAS DOWN OIL UP AND CIA SPACE TOURIST (tags)
YOU ALWAYS GET TOMMORROWS NEWS TODAY FROM THE AMERICAN bLASHEMER and so the indymedia of Houston editorial collective had to disappear my post called OIL PRICES ARE NOT DOWN the other day when they were down. But now spot prices are up, (why included here) gas is down, (why included here) and Russia unknowingly launches possible CIA space tourist. The FBI and HOUSTON CHRONICLE have blamed all this on William Jefferson.
Lt. Gov. Candidate Wants to Economize Gasoline (tags)
The crusader against rising gasoline prices, Stewart A. Alexander, is opposed to a California proposition on the State’s November ballot, to tax gasoline, because he believes it will not prevent gasoline price gouging at the pumps. Instead Alexander is proposing to introduce a program that he has identified as the, Friendly Petroleum Producers Program, to help provide relief at the pumps for consumers and the trucking industry.
SECRET AUDIO TRANSCRIPTS BETWEEN BUSH AND CHENEY--- (tags)
THIS AUDIO TAPE WAS TAKEN from THE WHITE HOUSE EARLIER THIS YEAR. this TRANSCRIPTION IS NOT FOR THE FAINT OF HEART. this INFORMATION WAS SEIZED THRU THE CARNIVORE SYSTEM...and THIS WAS SMUGGLED OUT AND IS BEING PRESENTED TO ALL PERSONS WORLDWIDE.......... UNITE TO WIN!
by Steve Leighton A counter view to the Fair Trade Debate
Congressional Resolve: Oil Giants Too Big (tags)
The big oil companies have finally found the congress they have awaited for over one hundred years; in the 21st Century big oil appears to be beyond U.S. authority and is playing by their own rules. The oil giants appear to be too big for this new Democratic Republican Party.
BTL:Soaring Gas Prices, Oil Company Record Profits Incite Calls for... (tags)
...Windfall Profits Tax ~ Interview with Tyson Slocum, co-director of the Public Citizen's Energy Program, conducted by Between the Lines' Scott Harris
Californians Will Vote Along Gasoline Lines (tags)
When voters go to the polls to vote, during this 2006 election year, it will be on the issues and not along party lines. Stewart Alexander says, “If the voting poles were at gasoline stations, Californians would be making a complete change in leadership in Sacramento and Washington.”
Immigration Policy: Send Us Your Poor, They Will Wind Up in Iraq (tags)
They are coming by the millions from all over the world. Let them come here. Let them find that there are not enough jobs. They will find the military to be the last resort when their welfare is cut off. And let them acquire Gulf War Syndrom (radiation sickness from uranium munitions).! It works just fine in the minds of the neo-cons.
Gasoline prices and profits are soaring to all new heights throughout California and Stewart Alexander says Governor Schwarzenegger must take immediate action to save the wallets of Californians.
True Facts About Immigration
California Gas Prices Spike Sharply (tags)
Within the past three weeks gasoline prices have risen sharply topping the $3 mark in most areas of Southern California. Californians are looking to Sacramento and Washington for relief at the pumps but state and federal leaders remain silent on gasoline price hikes.
Lieutenant Governor Candidate Wants Gasoline Price Controls (tags)
The oil industry is off to an early start to raise gasoline prices and profits. Stewart Alexander, the Peace and Freedom Party candidate for lieutenant governor, says he will push for gasoline price controls in California to end gouging at the pumps.
GASOLINE PRICE HIKING BOYCOTT (tags)
Again gasoline prices are soaring out of control and the petroleum giants are back on track to make record profits. Washington will not act so Californians need to protect their interest by boycotting the petroleum industry.
CUCKOO ECONOMICS (Abridged Ed.) (tags)
By deliberately confusing assets that can be *produced* with assets that can only be *acquired*, modern economics laid the ideological foundation for unemployment, poverty, inequality, and the looming global depression.
Breaking the grip of Big Oil (tags)
The day after President Bush advised Americans to deal with skyrocketing gas prices by avoiding unnecessary driving, he flew to New Orleans for a photo-op, burning up about 11,437 gallons of jet fuel, worth over $24,000. Apparently, it all depends on what you consider “necessary.”
When Americans Learn Fear (tags)
The German writer for DIE ZEIT describes anoher scenario for an oil crisis in America that would be similar to past experiences: a sudden price jump on the oil market could accelerate the loss of trust in the American economy.
Oil Price-Fixing (Gasp)? Of Course There's Oil Price-Fixing! (tags)
Tidy concepts like competition and free markets don’t apply in this industry, where the executives of each company know everything about the “competition” without even asking, and where the government is happy to let them suck the profits out of the public’s pockets like crude from a gusher.
BTL:Consumer Group Claims Oil Companies' Disaster Profiteering Necessitates... (tags)
...Price Controls ~ Interview with Tyson Slocum, of Public Citizen's Energy Program, conducted by Between the Lines' Scott Harris
Katrina's Silver Lining (tags)
The costs for the American public, in higher energy costs, higher food bills, economic recession and a burst housing bubble, are the just deserts of decades of self-centered voting habits.
If you listen to Cassandras the Chinese boom is the Wooden Horse of our civilization. Oil prices are going up because the Chinese need more and more petrol. Every Chinese adult wants a motorcar and the tsunami of Chinese goods flooding our markets runs on oil.
New York Times Up Bush Down? - (Getting It Wrong Again) (tags)
No Summary
Don't Blame OPEC; Higher Gas Prices Are Almost Entirely Bush's Fault (tags)
What is making oil so expensive is not energy policy or even SUV’s, dangerous as those are for the environment. It’s Bush’s massive deficits and his willful destruction of the US dollar that has gas selling at $2.30 a gallon and rising.
The End of Suburbia: Film Review (tags)
The documentary predicts that, as less oil is pumped fromthe ground and prices surge upward, property values of suburban homes will plummet.. The documentary postulates that the answer to the coming oil shortage resides in new urbanism.
Global Leadership Conference 2005: Chairman Sidney Taurel tells company leaders that "we must maintain our sense of urgency" in carrying out the 2005 priorities while adapting swiftly to the demands of a tough, ever-changing environment. (Urgent because we are sinking like a ton of Bricks) (Tougher for LLY to lie their way out. The evidence is mounting against them.) (Swiftly, because consumers are fed up with LLY Crap &Lies) Taurel emphasized those messages in opening and closing comments at the annual global leadership conference (GLC). More than 150 Lilly leaders from around the world attended in Indianapolis.
The deficit can only be lowered by devaluing the dollar at least 20 to 30 percent.. In 1963 the deficit amounted to five percent of econo-mic output. This changed within eight years into a surplus of one percent. Economic growth, tax increases andspending discipline
E-Day: The Collapse of the Oil Lie (tags)
For a long time the oil market has functioned according to the laws of the monopoly game with players in Riad, Washington and Houston.. Only 50% of the necessary oil will be available in 8 years in 2012..
Oil policies running on empty (tags)
"People here seem to have an inexplicably difficult time coming to terms with the idea that they don't have infinite access to a finite resource. Well, now it's wake-up time. Again."
"After reading stacks of documents from the investigations and talking to energy experts, I found more smoking guns in California's energy crisis than in a Clint Eastwood movie, and none of them have Ken Lay's prints on them." -- Kathryn Jones, 2001
Is the world's oil running out fast? (tags)
This article from the BBC covers the recent Association for the Study of Peak Oil (ASPO) meeting in Berlin. The message from this meeting is that the end of cheap oil is here. It includes many experts from the oil industry.
Does Wal-Mart Destroy Communities? (tags)
In a recent poll on the CNN website, viewers were asked the "poll" question of whether or not they believed that Wal-Mart stores were "good" for the "community." Perhaps it is not surprising that a large majority answered "no."
Independent Truckers Strike! (tags)
Independent owner/operators on the West Coast carry their strike through the weekend. Signs of growing solidarity felt in the Oakland area and up and down the Coast.
The October Surprise(s) (tags)
WASHINGTON (CNN) -- The White House and a top Saudi official denied Monday a report of a deal to lower gasoline prices before the November presidential election. "There was no secret deal," White House spokesman Dan Bartlett told CNN.
Saudis pledge oil price cut before 2004 election (tags)
Prince Bandar has been the Saudi envoy to the United States for 20 years and is part of the Saudi royal family, which has had a close relationship with the Bush family for years.
The rural movement to oust Bush (tags)
There’s more than bridges in Madison County
Wal-Mart 'Eats' More US Manufacturers (tags)
In case you haven't already figured it out the whole point of Wal-Mart is to help depress the wages, and ability to survive, of the average Working Person. The reason is simple: Slaves don't need as much and if they have Jobs and incomes independent of the elites they are harder to order about like Sheep. Welcome to the Totalitarian States of America.
Deflation Threatens. A Specter goes about in Germany (tags)
"The IMF recently warned of a deflationary development and a dangerous intensification of the economic crisis in Germany..Deflation is characterized by a lowering of price levels.. The cause is a surplus of goods over the demand for goods.." Translated from German
Taxes for Revenue Are Obsolete (tags)
Taxes are NOT collected for revenue, but for redistribution of wealth to the wealthy, for the social control of YOU!
More State Intervention (tags)
"The German economy has skidded into a recession.. In a recession, the state must take a leadership role in solving the main problem, inadequate demand.." Translated from the German
Corporate Subliminal Collusion: How the Bilderberg Pulls the Strings (tags)
In our ostensibly civilized society we forget that corporations are not moral or ethical entities. If you think I'm too critical, consider the following. Back in the early days of the blue-collar labor movement workers were actually dying on the job. Preventable explosions and mine collapses occurred regularly. 20, 40, even 80 and more miners at a time lost their lives.
AS THE ECONOMY CRUMBLES - June 16, 2003 (tags)
Summarizing the crappy economic news of the week.
This War is Not for Oil (tags)
This article explains exactly why the war in Iraq is not for oil.
Think you're paying too much for gas? You may be right...
Unequal Resource Distribution: Prosperity through Hunger (tags)
Profit maximization leads to unrestrained plundering of our natural resources and destroys our natural foundations of life,,In Rio 1992, government representatives promised drastically changing our resource consumption, consumer habits..
Boycott EXXON and MOBIL (tags)
Join the resistance!!!! We are going to hit close to $3.00 a gallon by the summer. Do you want gasoline prices to come down? We need to take some intelligent, united action.
The Wonders of Bushonomics (tags)
"...we face the worst hiring slump in twenty years; production as measured by the GDP minus government is falling; the deficit is ballooning; oil and gas prices are soaring even as retail and travel sectors slash prices; and all of Europe is clearly falling into recession. What's a government to do? Why, go to war, of course."
The Will to Paralysis: The Crisis of Shareholder Capitalism (tags)
Scapegoats or black sheep are used to evade the crisis of the system. Considering matters more exactly would be very appropriate. Are manifestations of corruption and tax evasion normal side-effects of a system fixated on money?
Profound Effect on U.S. Economy Seen in a War on Iraq (tags)
from the New York Times-online, monday July 29
The Real Stock Market Victims (tags)
The Real Story About Who Will Pay For The Latest Stock Market Tank.
Institute for Public Accuracy: Behind the Enron Collapse (tags)
IPA provides comments by Doug Heller, Consumer advocate with the Santa Monica-based Foundation for Taxpayer and Consumer Rights; Arjun Makhijani, president of the Institute for Energy and Environmental Research; Tyson Slocum, Research director of Public Citizen's Critical Mass Energy and Environment Program.
An effective way to lower energy prices (tags)
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U.S. Gas Prices Up, Up and Away (tags)
U.S. retail gasoline prices hit an all-time high Monday the Energy Department reported on Monday. The Energy Department shows U.S. gasoline inventories at 199 million barrels, down 8 million barrels from a year ago and far below average levels for this time of year. Increased summer demand will continue to drive the price of gasoline to even higher levels
Blackouts and $3.00 A Gallon Gas This Summer (tags)
U.S. gasoline prices have soared to their highest level in more than a decade.Most oil and energy companies are reporting record earnings in their recent quarterly reports. Most consumers in the United States are paying record high prices for energy.
The Facts Are In: Electricity Demand in California Was Lower (tags)
"The fact that demand in California is on par with previous years highlights power producers' attempts to circumvent environmental rules and local input on energy policy,"