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Economy

The Social Cost of GMOs

Ecological economists such as Herman Daly write that the more full the world becomes, the higher are the social or external costs of production. Social or external costs are costs of production that are not captured in the price of the products. For example, dead zones in the Gulf of Mexico that result from chemicals used in agriculture are not included as costs in agricultural production. The price of ...Read full article...

The Belgium Treasury Purchase

The Federal Reserves’ “Opaque Methods” In response to our account of the mysterious large rise in Belgium’s Treasury purchases, it was suggested that the transaction would show up on the Fed’s balance sheet. However, the Fed is under no obligation to show the transaction. The $141.2 billion in Treasuries purchased into the Belgium account represents 3.2% of the total current size of the Fed’s balance sheet.  The Fed is ...Read full article...

The Fed Is The Great Deceiver

Is the Fed “tapering”? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them. From November 2013 through January 2014 Belgium with a GDP of $480 billion purchased $141.2 billion of US Treasury bonds. Somehow Belgium came up with enough money to allocate during a 3-month period 29 percent of its ...Read full article...

There is no ‘legitimate redistribution’ of wealth

Who is it that calls for social justice, equality and legitimate redistribution of wealth while living in luxury and opulence? As the world attempts to stay in balance during the harshest economic times since the 1929 Great Depression, there are those who believe that wealth redistribution is a good way to end social injustice or to give to those deemed worthy whatever they supposedly deserve. For the past 100 ...Read full article...

France Approves Largest Austerity Package in Years

Citing the legitimacy of the French goverment and that of the European Union as well as the credibility of France abroad, the French Prime Minister, Manuel Valls, defended Tuesday the biggest cuts in public spending in modern French history. Mr. Valls made his appeal after the vote that approved the cuts was led by a broken alliance between the National Assembly and the Socialist Party (PS ) of France. ...Read full article...

EU and Washington’s new Sanctions on Russia only to “save face”

The United States and the European Union have extended the list of sanctions against Russia after accusing Moscow of not moving a finger to help the results of the negotiations last and instead allowing the crisis in Ukraine to continue. The White House today announced a new round of “targeted” sanctions against Russian individuals and companies as well as restrictions on certain exports to Russia. For its part, the ...Read full article...

America the Oligarchy

By Eric Zuesse Global Research April 14, 2014 A study, to appear in the Fall 2014 issue of the academic journal Perspectives on Politics, finds that the U.S. is no democracy, but instead an oligarchy, meaning profoundly corrupt, so that the answer to the study’s opening question, “Who governs? Who really rules?” in this country, is: “Despite the seemingly strong empirical support in previous studies for theories of majoritarian democracy, our ...Read full article...

Europe cannot afford to punish Russia

The continent would not be ready to let go of Russian oil and gas for at least 4 years Brussels is setting the stage if the current political crisis with Russia gets worse. The European Commission is now seriously assessing the impact that sanctions against Russia will have on its members, and the consequences are dire. They conclude that although Moscow would take the brunt of the damage, the ...Read full article...

The IMF “Rescue Package”: Western Looting of Ukraine Has Begun

It is now apparent that the “Maiden protests” in Kiev were in actuality a Washington organized coup against the elected democratic government. The purpose of the coup is to put NATO military bases on Ukraine’s border with Russia and to impose an IMF austerity program that serves as cover for Western financial interests to loot the country. The sincere idealistic protesters who took to the streets without being paid ...Read full article...

US-EU Trans-Atlantic Free Trade Agreement to have Devastating Social and Environmental Consequences

By Colin Todhunter GlobalResearch.ca March 31, 2014 The Transatlantic Free Trade Agreement (TAFTA) between the US and EU aims to ‘protect’ investment and remove ‘unnecessary regulatory barriers’. Corporate interests are driving the agenda, the public have been sidelined and unaccountable, pro-free-trade bureaucrats are facilitating the strategy (1). There is growing concern that the negotiations could result in the opening of the floodgates for GMOs and shale gas (fracking) in Europe, the threatening of digital ...Read full article...

US Sanctions on Russia are Indirect Sanctions on the EU

European countries are toeing the US line on sanctions against Russia, but when it comes to the economy they say they don’t want those sanctions, Michel Chossudovsky, Director of the Center for Research on Globalization, told RT. RT: Obama said that the West is united against Russia, and that Russia could face further isolation. Angela Merkel, though, wants to deescalate the situation. The Czech parliament also voted against more ...Read full article...

Europe Plans for Life away from Russia

Shortly before Putin came to power, the Russian and EU leaders agreed to meet twice a year, once in Russia and once in Europe, to manage their many common interests. The meeting included a working dinner between top officials of both trading blocks in a relaxed way. These meetings, held since 1997, run the risk of being interrupted should the group of 28 suspend the next bilateral summit in June. With steps ...Read full article...

Austerity and IMF “Economic Medicine”: The Looting Of Ukraine Has Begun

According to a report in Kommersant-Ukraine, the finance ministry of Washington’s stooges in Kiev who are pretending to be a government has prepared an economic austerity plan that will cut Ukrainian pensions from $160 to $80 so that Western bankers who lent money to Ukraine can be repaid at the expense of Ukraine’s poor.  http://www.kommersant.ua/doc/2424454  It is Greece all over again. Before anything approaching stability and legitimacy has been ...Read full article...

Inequality Grows in Large American Cities

As it often happens, lack of better living conditions in less urbanized areas results in massive migration to large cities, where most newcomers become victims of urban inequality. The growing income inequality in America has its greatest reflection in large cities, where the pressing income gap between rich and poor becomes more palpable and real. Inequality is such a deep problem that even Barack Obama labeled it as “the greatest challenge of our time”. The ...Read full article...

Swiss politician explains the negative impacts of open borders policy

Luzi Stamm is the Vice president of the People’s Party in Switzerland. He recently spoke about his country’s referendum results in which the nation closes the door to open borders. Mr. Stamm not only made a clear difference between his country and the rest of Europe, but also spoke thoroughly about Switzerland immigration policy that is open to the arrival of immigrants, but that opposes what the European Union ...Read full article...