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Corporate profits were biggest driver of inflation in Europe, IMF admits
Rising corporate profits have caused 45% of inflation in Europe, compared to 40% for rising import prices and just 15% for workers’ wages, according to research by IMF economists.
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U.S. legally owes Nicaragua reparations, but still refuses to honor 1986 Int’l Court of Justice ruling
37 years after a 1986 International Court of Justice ruling, the United States still refuses to pay Nicaragua the reparations it legally owes. Today, the Nicaraguan government is demanding that the United Nations take action.
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U.S. woos India’s far-right PM Modi to help wage new cold war on China
The U.S. government is trying to divide the BRICS bloc and recruit India for its new cold war on China. Biden doesn’t care that far-right Prime Minister Modi is closely linked to fascistic Hindu-supremacist groups that violently oppress minorities.
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BRICS New Development Bank de-dollarizing, adding Argentina, Saudi Arabia, Zimbabwe as members
The BRICS bloc’s New Development Bank, an alternative to the U.S.-dominated World Bank, is de-dollarizing its loans, promoting local currencies, and adding new members: Argentina, Saudi Arabia, and Zimbabwe.
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U.S. post-9/11 wars caused 4.5 million deaths, displaced 38-60 million people, study shows
Wars the U.S. waged in Iraq, Afghanistan, Syria, Yemen, and Pakistan following September 11, 2001 caused at least 4.5 million deaths and displaced 38 to 60 million people, with 7.6 million children starving today, according to studies by Brown University.
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4 U.S. banks crash in 2 months
Economist Michael Hudson discusses the collapse of four U.S. banks in two months, giant JP Morgan Chase taking over First Republic Bank, and how government regulators are in bed with the bankers.
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U.S. makes up c 40% of global military spending, 10x Russia, 3x China
The United States spent $877 billion on its military in 2022, nearly 40% of the global total, 10 times more than Russia ($86.4 billion), and three times more than China ($292 billion). The U.S. military budget is larger than the next 10 biggest spenders combined.
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Facebook censors journalist Seymour Hersh’s report on Nord Stream pipeline attack
Facebook censored a report by Pulitzer Prize-winning journalist Seymour Hersh on the sabotage of the Nord Stream pipelines between Russia and Germany, forcing users to instead read a website funded and partially owned by NATO member Norway.
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Peru’s coup-plotting congress has 6% approval, 91% disapproval (but full U.S. backing)
A polling firm found that Peru’s coup-plotting, right-wing-controlled congress has 6% approval and 91% disapproval. Unelected leader Dina Boluarte has 15% approval and 78% disapproval. But they have the full support of the US, Canada, and foreign mining corporations.
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BRICS Bank de-dollarizing, promises 30% of loans in local currencies, new chief Dilma Rousseff says
The new chief of the BRICS bloc’s New Development Bank, Brazil’s leftist ex-President Dilma Rousseff, revealed they are gradually moving away from the U.S. dollar, promising at least 30% of loans in local currencies of members.
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France’s Macron opposes U.S. cold war on China, wants independent Europe–but is it just rhetoric?
France’s President Emmanuel Macron told Xi Jinping that he opposes the U.S. war drive against China and wants an independent Europe with “strategic autonomy”. But he has made comments like this before, and failed to challenge Washington’s hegemony.
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U.S. bank bailout benefited billionaires, exposing corruption: ‘I understand why Americans are angry’
Before it collapsed and its billionaire depositors were bailed out by the U.S. government, Silicon Valley Bank successfully lobbied Congress to remove regulations on it. A senator admitted, “I understand why Americans are angry, even disgusted”.
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West vs the rest: World opposes sanctions, only U.S. & Europe support them
The UN Human Rights Council voted overwhelmingly to condemn sanctions. The only countries that expressed support for unilateral coercive measures were the U.S., UK, EU member states, Georgia, and Ukraine.
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U.S. invites authoritarian far-right regimes to ‘Summit for Democracy’
The Joe Biden administration invited numerous authoritarian far-right leaders to the U.S. State Department’s so-called “Summit for Democracy”, including Israel’s Benjamin Netanyahu, Poland’s Andrzej Duda, India’s Narendra Modi, Italy’s Giorgia Meloni, and Pakistan’s coup regime.
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U.S. threatened to invade International Criminal Court. Now it loves ICC for targeting Putin
The U.S. government imposed sanctions on the International Criminal Court, threatened to arrest judges, and passed a “Hague Invasion Act”. Previously, the ICC only prosecuted Africans. But now that it wants to arrest Russian President Putin, Washington praises the court (while still refusing to join it).
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U.S. government bailout of Silicon Valley and banks is $300B gift to rich oligarchs
The U.S. Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.
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AMLO says Mexico is more democratic than oligarch-run USA, condemns State Dep’t ‘meddling’ against electoral reform
Responding to State Department criticism of Mexico’s popular electoral reform, President AMLO denounced U.S. “meddling”, support for coups, and the Monroe Doctrine. He said, “There is more democracy today in Mexico than in the United States… because here the people govern, and there the oligarchy govern”.
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West is out of touch with rest of world politically, EU-funded study admits
A study by the elite EU-funded European Council on Foreign Relations found the West is out of touch politically with the rest of the world. Most people in China, India, and Türkiye see Russia as an important ally, and they want multipolarity, not continued “American global supremacy”.
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West tells Global South ‘you can’t be neutral’ in Ukraine war: You are either with us, or against us
The foreign ministers of the US, Germany, and Ukraine told the world at the Munich Security Conference, “Neutrality is not an option” in the West’s proxy war against Russia, implicitly criticizing the vast majority of Global South countries, which are independent.
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U.S. admits weather pushed Chinese balloon off course, U.S. shot down hobbyists’ $12 balloon in $2M missile attack
U.S. officials acknowledged the Chinese balloon they shot down on February 4 had likely been blown off course by unexpected weather. The U.S. Air Force later spent $2 million using missiles to blow up what appeared to be a $12 hobbyist balloon.