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“Prices Are Falling across the Board at Earlier Phases of Production”
The overall consumer price index fell by 1.0 percent in October, driven by an 8.6 percent drop in energy prices. The core CPI also fell in October, declining 0.1 percent primarily as a result of a 1.0 percent drop in apparel prices. Over the last quarter, the CPI has fallen at a 4.4 percent annual […]
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Who Will Stop the Settlers? Noise But No Action from US over Family’s Eviction
The middle-of-the-night eviction last week of an elderly Palestinian couple from their home in East Jerusalem to make way for Jewish settlers is a demonstration of Israeli intent towards a future peace deal with the Palestinians. Abu Dhabi TV, 10 November 2008 Mohammed and Fawziya Kurd are now on the street, living in a tent, […]
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Economists’ Letter to Congress in Support of a New Economic Stimulus Package
The Honorable Henry Reid Senate Majority Leader Washington, DC 20510 The Honorable Nancy Pelosi Speaker of the House Washington, DC 20515 The Honorable Mitch McConnell Senate Minority Leader Washington, DC 20510 The Honorable John Boehner House Minority Leader Washington, DC 20515 Dear Sen. Reid, Sen. McConnell, Speaker Pelosi, and Rep. Boehner: We, the undersigned economists, […]
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“Today We Have Come Out”: Mass Uprising of Tribal People in West Bengal
The events that have been happening during the last one week in the adivasi (tribal) belt of West Midnapur district in West Bengal are so unprecedented that the authorities do not know how to respond to them, and the media doesn’t understand their significance. Even the political parties and civil society are at a […]
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What’s to Be Done about the Auto Industry?
The U.S. Congress will vote this week on what to do about the America’s Big Three automakers — Chrysler, Ford, and GM. GM teeters on the brink of bankruptcy and is screaming for help. The Bush administration does not want to give more than the$25 billion it has already promised to develop more fuel-efficient cars. […]
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Oil Prices and Venezuela’s Economy
Introduction The Venezuelan economy has grown more than 94 percent since the current expansion began in the second quarter of 2003.1 The overwhelming bulk of this growth has been in the non-oil sector.2 Throughout most of these five and a half years of unprecedented growth, the economy has often been characterized as an “oil boom […]
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The Real Goal of Israel’s Blockade
The latest tightening of Israel’s chokehold on Gaza — ending all supplies into the Strip for more than a week — has produced immediate and shocking consequences for Gaza’s 1.5 million inhabitants. The refusal to allow in fuel has forced the shutting down of Gaza’s only power station, creating a blackout that pushed Palestinians bearing […]
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South America: Recession Can Be Avoided
Can South America escape the wrath of the economic and financial storms that have their epicenter in the United States? Since the financial meltdown began in mid-September, the bond markets of most of the region (Brazil, Argentina, Colombia, Venezuela) have been hit, as well as most of their stock markets and a number of currencies. […]
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“The Americans Have Failed”: An Interview with Nawaf al-Moussawi
With Barack Obama, the US could improve its position in the Middle East. Lebanon’s Hezbollah believes that an attack on Iran is unlikely. Nawaf al-Moussawi is Deputy Secretary and a member of the Politburo of Hezbollah in Lebanon. Al-Moussawi, a Doctor of Philosophy, is Hezbollah’s spokesman for international relations. Mr. al-Moussawi, does the election of […]
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Venezuela’s Transition to Socialism
In October 2008, I was invited by the World Forum for the Alternatives to a conference in Caracas, Venezuela. This provided me with an opportunity to learn more about a country that has embarked on a path of redistribution under a programme that Venezuela’s President Hugo Cavez Frias now calls “Socialism of the 21st […]
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Same-Sex Marriage
Same-Sex Marriage: Part 1, “It’s Amazing” Slide presentation on all the things the LGBT community has achieved and will surely get. Same-Sex Marriage: Part 2, “Oh, My God!” Slide presentation on biblical arguments to support same-sex marriage. Same-Sex Marriage: Part 3, “What It Is All About” Slide presentation on the reasons why full marriage […]
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India: Fighting Fascism
Last month, the New Delhi-based human rights group Anhad, along with some 90 other organizations, held a two-day national convention on the theme, ‘Countering Fascism: Defending the Idea of India’. It was attended by scores of social activists from various parts of the country. Predictably, it received hardly any mention in the so-called ‘mainstream’ […]
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The Rise and Fall of the Arab Middle Class in the Middle East: Between Modernization, Nationalism, and Revolution
Keith David Watenpaugh. Being Modern in the Middle East: Revolution, Nationalism, Colonialism, and the Arab Middle Class. Princeton: Princeton University Press, 2006. xi + 325 pp. $37.95 (cloth), ISBN 978-0-691-12169-7. One of the great modern landmarks of the city of Aleppo is the Baron Hotel. The Mazloumians, a wealthy Armenian family of […]
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Neoliberalism and Hindutva: Fascism, Free Markets and the Restructuring of Indian Capitalism
Over the 1980s and 1990s we witnessed the simultaneous rise of two reactionary political projects, Hindutva and neoliberalism, to a position of dominance in India. Such a combination is not unusual, in that neoliberalism is usually allied with and promoted by socially reactionary forces (such as the hyper-nationalism of the “bureaucratic-authoritarian” dictatorships in Latin America, […]
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Cats, Dogs, and Creationism: On Intelligent Design and the Left
“The criticism of religion is the prerequisite of all criticism.” — Karl Marx, Introduction to A Contribution to the Critique of Hegel’s Philosophy of Right With all due respect to cats and dogs, I don’t expect them to ever understand the laws that govern planetary motion. Does this prove the existence of God? Of course […]
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“Special” New York Times Blankets Cities with Message of Hope and Change: Thousands of Volunteers behind Elaborate Operation
PDF: www.nytimes-se.com/pdf Ongoing video releases: www.nytimes-se.com/video The New York Times responds: cityroom.blogs.nytimes.com/2008/11/12/pranksters-spoof-the-times/ Hundreds of independent writers, artists, and activists are claiming credit for an elaborate project, 6 months in the making, in which 1.2 million copies of a “special edition” of the New York Times were distributed in cities across the U.S. by thousands of […]
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Election of Barack Obama: The People’s Victory? Or the Elite’s?
Barack Obama has won. What happens when what appears to be the people’s victory is also the victory of the economic elite? Where is that convergence of interests located? And how long can such a coincidence of interest last? What are the tasks of the left and the social movements in the face of the […]
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An Open Letter to President-elect Barack Hussein Obama
Dear President-elect Obama, Members of the American Iranian Friendship Committee (AIFC) congratulate you on your glorious victory that was felt and admired especially by common men, women and children of all races and economic status in the United States and around the world. Tuesday, November 4, 2008 is a date that will live in […]
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Obama’s Economic Advisors: Will Well-tested Enemies of Africa Prevail?
One of Barack Obama’s leading advisors has done more damage to Africa, its economies and its people than anyone I can think of in world history, including even Cecil John Rhodes. That charge may surprise readers, but hear me out. His name is Paul Volcker, and although he is relatively unknown around the world, the […]
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Saving 7 Billion Environments
As I write this, the most serious economic crisis in 80 years is rolling across the planet. Only time will tell if we are now going into one of history’s U-turns or if it’s all just part of the normal boom-and-bust business cycle. And no one yet knows how badly humanity and the ecosphere […]