Real Alternative. Real News.|Saturday, September 20, 2014
You are here: Home » Economy

Economy

The Case of the Missing Economic Recovery

Have you seen the economic recovery?  I haven’t either.  But it is bound to be around here somewhere, because the National Bureau of Economic Research spotted it in June 2009, four and one-half years ago. It is a shy and reclusive recovery, like the “New Economy” and all those promised new economy jobs.  I haven’t seen them either, but we know they are here, somewhere, because the economists said ...Read full article...

2014 Will Bring More Social Collapse

2014 is upon us.  For a person who graduated from Georgia Tech in 1961, a year in which the class ring showed the same date right side up or upside down, the 21st century was a science fiction concept associated with Stanley Kubrick’s 1968 film, “2001: A Space Odyssey.”  To us George Orwell’s 1984 seemed so far in the future we would never get there.  Now it is 30 ...Read full article...

The Economic Recovery is a “Statistical Illusion”

The payroll jobs report for November from the Bureau of Labor Statistics says that the US economy created 203,000 jobs in November. As it takes about 130,000 new jobs each month to keep up with population growth, if the payroll report is correct, then most of the new jobs would have been used up keeping the unemployment rate constant for the growth in the population of working age persons, ...Read full article...

The Federal Reserve and Wall Street “Assassinate the US Dollar”

Since 2006, the US dollar has experienced a one-quarter to one-third drop in value to the Chinese yuan, depending on the choice of base. Now China is going to let the dollar decline further in value.  China also says it is considering undermining the petrodollar by pricing oil futures on the Shanghai Futures Exchange in yuan. This on top of the growing avoidance of the dollar to settle trade imbalances means ...Read full article...

The Offshore Outsourcing of American Jobs: A Greater Threat Than Terrorism

Is offshore outsourcing good or harmful for America? To convince Americans of outsourcing’s benefits, corporate outsourcers sponsor misleading one-sided “studies.” Only a small handful of people have looked objectively at the issue. These few and the large number of Americans whose careers have been destroyed by outsourcing have a different view of outsourcing’s impact. But so far there has been no debate, just a shouting down of skeptics as “protectionists.” ...Read full article...

Escape From The Dollar

Paul Craig Roberts thinks the Fed has backed itself into a corner. A rise in interest rates would strengthen the dollar, give the dollar new life as world reserve currency, and halt the movement into gold, but a rise in rates would collapse the bond and stock markets and reduce the value of derivatives on the banks’ balance sheets. I asked Dr. Roberts if the Fed would sacrifice the ...Read full article...

Is U.S. Government Shutdown a Rehearsal for Privatization of the Federal State System?

The “shutdown” of the US government and the financial climax associated with a deadline date, leading to a possible “debt default” of the federal government is a money making undertaking for Wall Street.  Several overlapping political and economic agendas are unfolding. Is the shutdown –implying the furloughing of tens of thousands of public employees– a  dress rehearsal for the eventual privatization of important components of the federal State system? ...Read full article...

Worse Than The Great Depression, Gold And Silver Prices Will Explode

Economist Dr. Paul Craig Roberts contends, “The situation is unsustainable.” It will blow up at some point, and Dr. Roberts predicts, “It will be worse than the Great Depression because in the Great Depression, prices fell along with employment. Now, prices will be rising and employment would be falling. . . . Gold and silver prices will explode in dollar terms.” Join Greg Hunter of USAWatchdog.com as he goes ...Read full article...

Oil May Fuel Militarization of the Arctic Region

As world powers team up to secure the ecology in the Arctic, the rivalry over its rich oil and gas resources is heating up. Michel Chossudovsky from the Centre for Research on Globalization explains that the battle for the North Pole is high on the global military agenda. Finding a way to extract the vast riches of the Arctic region without subjecting it to technological disasters is what leaders ...Read full article...

Polish Economic Miracle Fading Down

Until a few months ago, there was talk of Poland as an economic miracle. It is the only European country that has not entered into recession since the 2008 financial crisis hit and instead grew to 4.5% in 2011. Since winning the 2007 elections, the liberal candidate Donald Tusk, 56, had made the country a benchmark of stability among its neighbors in Central and Eastern Europe and had Germany ...Read full article...

Detroit Mirrors America’s Decline

America’s been declining for decades. It’s going the way of all empires. It’s dying a slow death. It’s epitaph one day will read hubris and overreach killed it. Misguided policies don’t work. Chalmers Johnson once said it’s “too late for mere scattered reforms.” They won’t make a damn bit of difference. It’s fate is practically sealed. It’s on a slippery slope the wrong way. It’s happening in real time. ...Read full article...

Greek Parliament Dismisses Thousands of Government Workers

The Greek parliament has approved 109 items with the arrangements for the dismissal of several thousand employees and a series of fiscal reforms agreed with the troika. The bill received 153 votes, the number corresponding to the sum of the members of the conservative New Democracy and socialist Pasok Parties, the two members that make up the bipartisan government. In an unprecedented initiative, since it involves the dismissal of ...Read full article...

Historical Roots of the Social Crisis in Brazil. The Role of the IMF

More than a million people across Brazil have joined one of the largest protest movements in the country’s history. Ironically, the social uprising is directed against the economic policies of a self-proclaimed “socialist” alternative to neoliberalism led by the Worker’s Party government of president Dilma Rousseff. The IMF’s “strong economic medicine” including austerity measures, the privatization of social programs have been implemented under the “progressive” and “populist” banner of ...Read full article...

Mass Poverty, Social Inequality and the Thirdworldization of America

p5rn7vb Center for Economic and Policy Research co-director Dean Baker calls poverty America’s “new growth industry.” The state of today’s America is deplorable. In his latest May 3 analysis, economist John Williams said “April “employment and unemployment data were nonsense: the economy remains in serious trouble.” About 23% of Americans wanting work can’t find it. Most jobs are temp or part-time low pay/poor or no benefit service ones with ...Read full article...

Europeans still expect the worst of the crisis to come

Most Europeans believe that the crisis will worsen next year. Despite the official message that economies clearly begin to grow next year, people still believe that the worst is yet to come, according to a European survey conducted in April by Ipsos and Publicis. At the head of pessimism are the French with 73% of them who believe things will get worse and, paradoxically, the Spanish are the most ...Read full article...
Page 2 of 712345...Last »