The Death of Small Businesses in Big Cities, Explained (tags)
Not even shopping locally can save your favorite mom-and-pop — the problem is much, much bigger than that. The legendary punk record store Bleecker Bob’s in 2008. The store closed in 2013 due to high rents and was replaced by a frozen yogurt chain.
Oversight Board Reviews New Fiscal Plan for Puerto Rico (tags)
Puerto Rico's oversight board reviews a new plan on economic growth and debt payments to the island's creditors in San Juan today.
Austerity Policy as Momentous Mistake (tags)
The IMF's austerity policy of the last years was misguided. That austerity policy led to intensified growth declines and increasing unemployment and did not reach its goal of permanently calming the financial markets. Public investments could raise economic growth.
Puerto Rico Governor and Oversight Board Spar on Fiscal Plan (tags)
The certification of a plan to get Puerto Rico out of debt and back to economic growth was delayed again this week.
Economic Stagnation and its Mastery (tags)
Corporate profits explode while investments stagnate.Social housing declines with privatization. According to neoliberal theory, higher profits lead to grater investments and more jobs. In truth, higher profits lead to more use of tax havens and companies buying back their stock.
Puerto Rico Governor Releases New Fiscal Plan (tags)
Puerto Rico's Governor Ricardo Rosselló released a new fiscal plan that seeks to balance the island's budget by 2019.
Can Keynes Rescue Europe from the Euro Crisis? (tags)
Keynes' theories and concepts were pushed back with the rise of neoliberalism in the 1980s. A complete change of course occurred when state spending cuts, lower wages and devaluations failed. The state spent money to create demand for products and services.
Greek Bailout Deal: Greatest Ever Macroeconomic Management Disaster (tags)
Greece
Entrapping Greece in Debt (tags)
Greece
Video: Richard Trumka on TTIP (tags)
TTIP represents a crisis for democracy and the constitutional state. Corporations could sue states in parallel private arbitration courts. Labor and environmental regulations could be chilled or invalidated as indirect expropriation.
Austerity Policy as Momentous Mistake (tags)
The IMF's austerity policy of the last years was misguided. That austerity policy led to intensified growth declines and increasing unemployment... Public investments could raise economic growth both in the short- and long-term.
Fiscal Policy in the Crisis: Lessons and Policy Implications, 29pp (tags)
Christina Romer is a professor of economics at the University of California, Berkeley and served as President Obama's chief economic adviser for a time.
Philippines: Public urged not to be distracted from punishing pork plunderers (tags)
Amid the raging debate on the Disbursement Acceleration Program (DAP), Akbayan partylist today warned the public not to be swayed by efforts from some quarters to use the issue to deflect attention on the plunder charges filed against several lawmakers involved in the multi-billion Janet Lim-Napoles pork barrel scam.
Austerity Policy Leads to Low Economic Growth, 43pp (tags)
This IMF Working Paper published on January 31, 2013 was co-authored by the chief IMF economist Olivier Blanchard. The IMF erred in its fiscal multiplier in estimating the effects of state spending cuts in deficit countries. The paper was greeted by silence in Germany and the US.
"This is a Cold Putsch Against the Constitution" (tags)
Sahra Wagenknecht, co-vice president of DIE LINKE (The Left Party) in Germany, is the author of many books and articles on economic justice, the financial transactions tax and creative socialism.
For Immediate End of Austerity Policy in Europe (tags)
The growth model forced in the past with redistribution from bottom to top and increasing export surpluses has failed. For years, the demands of the Alternative Economic Policy study group emphasized combating unemployment and poverty and, taming the financial markets.
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.
Fiscal Cliff Postmortems (tags)
class war
Flim Flam Fiscal Cliff Legislation (tags)
class war
class war
The Fiscal Cliff Is A Diversion: The Derivatives Tsunami and the Dollar Bubble (tags)
The fiscal cliff is a bipartisan excuse to introduce austerity measures in the form of "needed" cuts to social safety net programs such as Social Security, Medicare and Medicaid. The stage is set for "Jason vs. Freddy" or Obama vs. Boehner as we the people wait to see which politician serial killer will be cutting the U.S. people with their sharp knives of austerity.
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!
class war
New York Times Fiscal Cliff Duplicity (tags)
class war
Fiscal Cliff Doublespeak Duplicity (tags)
class war
Fiscal cliff is a hoax, may be bipartisan excuse to kill off U.S. poor people! (tags)
The media hype about the so-called fiscal cliff is just another bipartisan excuse to increase the gap between the wealthy and ever increasing number of poor people in the U.S. Notice both parties are advocating large cuts to social safety net programs when people are already struggling with poverty, while U.S. military bases remain operational on foreign soil through the Earth and only Presidential candidate Ron Paul was willing to save money by closing ALL overseas bases.
Austerity — the 1%’s Global Battle Cry (tags)
Whether we are left with the Fiscal Cliff or a Grand Bargain, workers in the U.S. face massive cuts to programs such as Medicare, Medicaid, Social Security, unemployment insurance, Food Stamp assistance and other needed social safety nets. This is an example of “austerity” which has largely been pursued in the U.S. until now, on a statewide and local level.
Will Unions Fight Fiscal Cliff Cuts to Medicare and Social Security? (tags)
With pro-Obama election posters still visible in most union halls across the country, the President has already taken steps towards selling out not only labor unions (again) but all working people. But this isn’t the “ordinary” sellout that working people have come to expect from Democrats — this is an attack of historic proportions.
Will the Democrats Tax the Rich to Avoid the Fiscal Cliff? (tags)
Literally the day after the election a sudden “urgency” gripped the nation: the imminent danger of the so-called “fiscal cliff” — the national automatic tax increases and spending cuts due in January. The media screamed that the suddenly approaching fiscal cliff would trigger a recession, forcing Democrats and Republicans to consider a “grand bargain” budget deal to avoid disaster.
Financing the Government: Romney Must Get the Message (tags)
The role of the state and the necessity of common action is a main theme in the political debate. Regulation ensures the same rules for everyone in competition. Conservative politicians in the US underrate the importance of publically provided education, technology and infrastructure.
Democracy instead of Fiscal Pact (tags)
Against the authoritarian-neoliberal EU, we champion a democratic and social-ecological Europe of the many!
Periodistas de Indybay acusados de delito grave: Conspiración para hacer los medios (tags)
SANTA CRUZ, CA — El Fiscal Bob Lee ha iniciado un ataque frontal y total contra los medios independientes de Santa Cruz al incluir cuatro colaboradores regulares de Indybay.org en el grupo de once personas acusadas de múltiples delitos graves y delitos menores después de la ocupación de un edificio bancario vacío el 30 de noviembre de 2011. Al parecer, el Fiscal Lee cree que es su deber dictar cómo los medios deben reportar eventos tales como la ocupación del banco ubicado en la calle River 75. Si la cobertura no cuenta con su aprobación, los periodistas corren el riesgo de que la Fiscalía presente cargos en su contra.
class war
Supercommittee Strikes Out (tags)
debt crisis
America's Cratering Economy (tags)
economy
Economic Turmoil in 2011 (tags)
economic trouble
worse coming nationwide
Obama Team's Deficit Cutting Proposal: Benefit the Few, Harm the Many (tags)
Obama's Robin Hood economics
America Facing Depression and Bankruptcy (tags)
The worst is yet to come
Deficit Hysteria: Wrongheaded in Times of Depression (tags)
proposed policies are wrecking economies
President Obama's State of the Union address suggested an erosion of his will to resist Republican pressures and keep his campaign promises.
The Recession Is Over, the Depression Just Beginning (tags)
America's economy is dire and worsening
New Study Shows Ten States Face Fiscal Crisis (tags)
Crises in states worsen
Honduran President Zelaya earns high marks for governance (tags)
"MCC's eligibility criteria include a commitment to "just and democratic governance." The pattern of actions taken by Honduras beginning on June 28, 2009, is inconsistent with this commitment and MCC's eligibility criteria. For the record, under the Zelaya administration, according to the MCC fiscal year 2010 scorecard, Honduras turned in grades well above passing with respect to “political rights,” “civil liberties” and “voice and accountability” — the latter, described by MCC, as “the ability of institutions to protect civil liberties; the extent to which citizens of a country are able to participate in the selection of governments; and the independence of the media.”
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.
U.S plans to arm Pakistani paramilitaries (tags)
The New York Times has reported that U.S. military officials want to enlist Pakistani paramilitaries along the border with Afghanistan. At a military strategy meeting of the United States Special Operations Command, the strategy was formulated as a means of expanding the ongoing battle against the Taliban and al-Qaeda.
Los jueces en la mira, deliberan sobre el futuro de Mumia Abu-Jamal (tags)
Después de la audiencia del 17 de mayo en Filadelfia los jueces tardarán en ordenar un nuevo juicio, la ejecución o cadena perpetua para Mumia Abu-Jamal. El periodista recibe apoyo internacional y mensajes de otros presos políticos, incluso Leonard Peltier.
RP fails to get rating firm’s confidence vote (tags)
THE Philippines failed to secure a confidence vote from one of three important foreign credit-rating companies, after the country’s revenue-generating agencies missed collection targets for the first quarter. In a statement issued Friday night, Standard & Poor’s Ratings Services said it kept its credit-rating outlook for the country, currently stable, dashing government hopes that the rating company would lift the same to positive.
And the Lord said: PAY YOUR TAXES....
NO ACUSA POR QUE LE REGALAN UN CHEROKY (tags)
Quiere ser fiscal porque no se revisa su actuacion tiene pruebas que da miedo 3000 habeas corpus a favor de asesinos, y conductos que atropellaron niños conduciendo ebrios, que pruebas mas quiere . Nooooo todo cambio en Hosteria Mi cuchito cuando le dieron esas mujeres mandadas por el alcalde el carro
Warnings of a US recession and global slowdown (tags)
Three commentaries published in the Financial Times over the past week have pointed to the increasing likelihood of a US recession that would have major implications for the global economy.
U.S. Aid to the Terror State of Israel (tags)
It would be interesting to know how many of those American taxpayers believe they and their families have received as much from the U.S. Treasury as has everyone who has chosen to become a citizen of Israel. But it's a question that will never occur to the American public because, so long as America's mainstream media, Congress and president maintain their pact of silence, few Americans will ever know the true cost of Israel to U.S. taxpayers.
US arms Infusion boost to RP troops (tags)
THE United States Ambassador to the Philippines Kristie A. Kenney has assured the Philippines that the US will continue providing the Armed Forces of the Philippines with military hardware to strengthen its capability to fight terrorism and insurgency. At a roundtable at The Manila Times, Kenney said the AFP would also receive technical assistance to boost its firepower.
Suspendido temporalmente el juicio a Orlando Barrantes (tags)
Por lo pronto, entra en un impasse la campaña nacional e internacional a favor de la absolutoria de Orlando Barrantes, pero debe ser reanudada con más bríos inmediatamente se fije fecha del nuevo juicio. Llamamos a todos ustedes a permanecer alertas y desde ya les vamos a agradecer su valiosa colaboración, ese invaluable apoyo que nos han brindado.
L.A.'s Pet Project: By the Numbers (tags)
Los Angeles Animal Services General Manager Mr. Guerdon Stuckey routinely states that there has been a decrease in animal shelter deaths within the past year; however, the facts seem to point to an increase.
The Myth of the Fiscal Crisis (tags)
The first step that must be taken if we are to reverse the cuts and prevent the destruction of the New Deal’s gains is to understand in our own minds that there is no fiscal crisis.
Section 8 Housing Voucher Programs In Crisis (tags)
The Nations Housing Voucher Programs Are In A Crisis!
Public Housing And Voucher Programs At Risk (tags)
The Bush Administration's Global Tyranny Program Is Taking Precious Dollars From The Nation's Most Needed Domestic Programs!
Governator cuts Education and Parole (tags)
In a really weird twist of politics, did Arnie do something right?
Future Generations Against Bush (tags)
Most folks with half a brain know that the Bush regime does NOT consider the next seven generations when they set environmental, fiscal or international policy. Hell, they don't even consider the NEXT generation!
Indymedia really IS financed by Communists! (tags)
In the wake of the anarcho-socialist invasion of Miami to protest the Free Trade Area of the Americas (FTAA) meetings, it is important to understand how such events are organized. Independent Media Centers (or IMC or Indymedia) are the “cyber-grapevine,” the “CNN,” and the “Clear Channel,” for just about every lunatic leftist fringe group dedicated to eliminating capitalism from the world. Indymedia is the institution developed so the anarcho-socialists can communicate with each other and coordinate their activities. In fact, no less an authority than Mother Jones magazine paid tribute to IMC in their November 17 edition, observing that, "The global antiwar protests that surprised the world on February 15 grew out of the networks built by years of globalization activism, from Indymedia to the World Social Forum.”
Betrayed by Bush, GOP's anger is moot (tags)
Small-government Republicans have been stirred up by conservative talk show hosts like Rush Limbaugh and Sean Hannity. But when the election comes, the libertarian faction's anger will be "almost irrelevant... Are they going to vote for Howard Dean?"
With polls showing that up to 16% of the electorate is philosophically libertarian, this could be the real swing vote in 2004. Will libertarians decide that the Democratic candidate is the lesser of two evils for once? Or will they simply stay home in disgust on Election Day?
BOHICA bend over, here it comes again. (tags)
So baby, how does it feel NOW?
Bush's Fiscal Policy Not Creating New Jobs (tags)
How about that "jobs and growth" plan from the $350 billion in tax cuts that President Bush proposed and Congress signed?
Brits continue military aid to King of Nepal (tags)
Britain provided 6.7 million sterling pound for the current British fiscal year reinforcing Nepal's development, military and police capacity.