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Economy

Monstrous AT&T/Time Warner Merger

Federal courts are supremely pro-business, including the nation’s highest one throughout its history.  The nation’s first Supreme Court chief justice John Jay arrogantly said America should be run by the people who own it. The nation’s second president John Adams said the rich, well born and able should rule. The Supreme Court’s 1886 ruling in Santa Clara County v. Southern Pacific Railway was arguably the most infamous one high ...Read full article...

Argentina is now owned by the IMF

Venezuela, Costa Rica and Argentina are three nations that suffer due to their massive debt with foreign banks. Countries all over Latin America are running out of time to curb, once and for all, their growing public debts and fiscal deficits, yet, none of those countries seem to know, or simply refuse to recognize, that the largest source of debt slavery is foreign loans from supranational banking cartels. Venezuela, Costa ...Read full article...

Trade Wars work: Trump and China begin Negotiations

Extreme Left Wing writer, Paul Krugman, begs to differ. He believes it’s all about China owning Trump. The US and China have decided to reduce the tension in the tariff front and, after two days of intense meetings in Washington, they have closed a principle of agreement. Beijing agrees to reduce the US trade deficit and both powers cancel the tariff increases that threatened to trigger a global trade ...Read full article...

The Mainstream media myth of low U.S. unemployment

Media propaganda maintains the myth of low unemployment, including a NYT report in its latest edition, saying: An “unemployment rate (was achieved) below the 4 percent threshold,” the Times calling it a “milestone,” claiming it indicates a “tight…labor market…” Reality is polar opposite. Trump crowed about the phony Friday Labor Department (BLS) report tweeting: “JUST OUT: 3.9% Unemployment. 4% is Broken!” America’s privileged class never had things better. Unreported ...Read full article...

The New Oligopoly Data Economy is here to stay

You are now part of the new economic model of data exploitation. An electoral strategy consultancy firm exploited Facebook user data as a forma of market research. Users were not warned about it and their data became a precious tool to analyze political preferences in the last US election. Exploiting user data is not new. Social networks have gobbled, kept and used data from members for years.  What is ...Read full article...

Drinking roasted coffee increases Cancer risk

Acrylamide, a by-product of roasted coffee, is the substance responsible for the increased risk of cancer for people who drink their cup of joe on a daily basis. A Los Angeles court ruled that Starbucks and other coffee brands are expected to include a warning about carcinogenic substances in their products in California. This decision resolves a lawsuit filed by a not-for-profit group in 2010 to toasters, distributors and ...Read full article...

11 Nations Sign Transpacific Partnership (TPP)

Signatory countries include Australia, Brunei, Canada, Chile, Japan, Malaysia, New Zealand, Peru, Singapore and Vietnam – America withdrew, China excluded. The Electronic Frontier Foundation earlier called TPP “a secretive, multinational trade agreement that threatened to extend restrictive intellectual property (IP) laws across the globe and rewrite international rules on its enforcement.” It’s NAFTA on steroids, a stealth corporate coup d’etat, a giveaway to corporate predators, a neoliberal ripoff, a ...Read full article...

Amazon patents bracelet to control its workers

Amazon will use the bracelet to monitor workers’ movement in its storage facilities. Amazon, bracelet and control are three words that when used in the same sentence can give goosbumps to any of its workers. The company of Jeff Bezos has reaped a little grateful fame for its policy of personnel management and recent news about Amazon’s initiative to control its workers via a mandatory bracelet unleashed the alert ...Read full article...

Debt Bubble surpasses 300% of Global GDP

Both developed and developing nations collaborated to achieve a new record of debt, but developed nations are the biggest offenders with 142 billion euros while developing nations added almost 51 billion euros. The debt of households, companies, banks, and governments worldwide added up to a total of 193 billion euros at the end of 2017. The figure represents a new record after increasing by 13.7 billion euros in the first ...Read full article...

The Welfare State is the Warfare State

Have you ever heard the term ‘rent seeker’ before? I had never heard about it until last week. But as it turns out, those who wear that name tag have existed for a long, long time. According to Ross Ashcroft, the person who recently mentioned the term ‘rent seeker’ on a TV program, rent seekers are people who apportion someone else’s resources or wealth to then redistribute it to ...Read full article...

US Corporate Tax Cuts Money won’t come back

Financial sector no longer supplies capital for production. What the financial sector does is to turn discretionary consumer income into interest and fee payments to banks. I deplore the tax cut that has passed Congress. It is not an economic policy tax cut, and it has nothing whatsoever to do with supply-side economics. The entire purpose is to raise equity prices by providing equity owners with more capital gains ...Read full article...

Consumer Debt to hit $682 Billion after Christmas in the US

The last time American consumer debt was this high was.. well…NEVER. But now, it seems we are engaged in a high stakes game of consumer debt roulette. And the House is the only one who will win this game. Last summer, it was reported that people owed more on loans, credit cards, and payment plans than ever in history. The country surpassed the spike that led to the crash ...Read full article...

Former Russian Intelligence Colonel: Capitalist Economic Collapse Imminent

“We are on the verge of a global economic collapse and the dismantling of the capitalist system.” He became famous after publishing several books on the infamous Bilderberg Group, the globalist infested cabal that meets annually to direct western politicians. Thanks to him we learned ample details about the power in the shadows, beyond the control of governments, that moves the threads of the world economy to perpetuate itself ...Read full article...

Washington Is Destroying American Power

Washington, in its abuse of the world currency role, uses the dollar payments mechanism to impose sanctions on other countries. Readers at home and around the world want to know what to make of the announcement that China henceforth will conduct oil purchases and sales in gold-backed Chinese currency. Is this an attack by Russia and China on the US dollar? Will the dollar weaken and collapse from being ...Read full article...

Brazil in Private: Neoliberal Globalists to Take Over National Riches

Giving away Brazilian property to international bankers is certainly not part of the solution to get Brazil back to development. SAO PAULO – I recognize that private initiatives work much better than government sponsored ones, at least in Latin America. So, don’t take me wrong as you read the title of this article and hopefully the rest of it. What is wrong, then, with private enterprises taking over Brazilian ...Read full article...