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Michael Hudson on the Euro without Germany
Conor: Germany’s swift demise reminds me of the German intelligence agent Bachmann in “A Most Wanted Man.” He’s led to believe he’s operating on an equal level with CIA and British intelligence only to realize too late he was being played the whole time.
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The rich and their media offer no solutions to economic problems
The political and media representatives of the rich continue to promote maximum confusion on the economy.
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The late Stephen F. Cohen provides clarity on NATO expansion and Russia, more than 10 years ago
NATO’s broken promise to Russia provides context to the current state of affairs.
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The most dangerous situation that humanity has ever faced: The Fortieth Newsletter (2022)
Since 1947, the Doomsday Clock has measured the likelihood of a human-made catastrophe, namely to warn the world against the possibility of a nuclear holocaust.
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‘Now, all of you are Azov’: ‘openly neo-Nazi’ Ukrainian delegation meets Congress, tours U.S.
After meeting with at least 50 members of Congress, soldiers of the neo-Nazi Azov Regiment toured the US to auction off swastika-inspired patches and lobby for an end to restrictions on US arms and training.
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High-value U.S. asset “Fat Leonard” arrested in Venezuela–possible prisoner swap
The principal perpetrator, in what AP News called “one of the most extensive bribery scandals in U.S. military history,” popped up in Venezuela of all places. Leonard Glenn Francis bilked the U.S. Navy out of at least $35 million.
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Global ruling classes welcome fascist-led government in Italy
The Italian general election was a historic win for the far right.
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How Cuba is dealing with the devastation of Hurricane Ian
The day before Hurricane Ian hit Cuba, 50,000 people were evacuated and taken to 55 shelters. By October 1, less than five days after landfall, 82% of the residents of Havana had their power restored with work ongoing for the western part of the island.
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Media spin Lula victory as defeat
Workers Party Candidate Luiz Inacio Lula da Silva beat incumbent Jair Bolsonaro by 6.2 million votes.
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Press coverage of declining U.S. life expectancy evades the truth about class
Mainstream media takes on the bad news on life expectancy barely mention international comparisons — notably ignoring China and Cuba — and neglect the political and economic context of the drop, writes WT WHITNEY Jr.
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Rich nation’s solution for inflation is a poor country’s problem
The Secretary-General of the UNCTAD is warning that “the current course of action is hurting the most vulnerable, especially in developing countries, and risks tipping the world into a global recession.”
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From wounded Latin America, a demand comes to put an end to the irrational war on drugs: The Thirty-Ninth Newsletter (2022)
The end of the War on Drugs, that is, the war on the Colombian peasantry, will only advance Colombia’s fragile struggle towards peace and democracy.
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Putting a price on water: Can commodification resolve a world water crisis?
“Record heat and droughts are exposing millions to growing water and food scarcity issues across all continents,” the U.N. Intergovernmental Panel on Climate Change (IPCC) warned in a February 2022 report. “About half of the world’s population already experiences severe water scarcity for some part of the year.”
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Kharkov and Mobilization
The recapture of the Kharkov region at the beginning of September appears to be a success for Ukrainian forces. Our media exulted and relayed Ukrainian propaganda to give us a picture that is not entirely accurate. A closer look at the operations might have prompted Ukraine to be more cautious.
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The new threat on the Foreign Exchange front
ON September 23, the value of the rupee vis-a-vis the dollar fell to a new low: it crossed 81 to a dollar after some weeks of relative stability when it hovered between 79 and 80.
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The inevitable financial crisis
Like a traveler sailing the Archipelago who sees the luminous mists lift toward evening, and little by little makes out the shore, I begin to discern the profile of my death.
— Marguerite Yourcenar, Memoirs of Hadrian -
Will Biden know when to stop?
Dare Biden risk nuclear escalation to maintain the ideological equivalence?
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How Wall Street profits off of the sick and elderly
As Congress helps out its private equity donors, new research shows what happens when those firms take over nursing homes and medical offices.
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Trickle down economics
The UK government’s economic policies under new PM Liz Truss have caused a stir among, not only leftists, but also among mainstream economists.
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Ideology and dogma ensure policy disaster
Central banks (CBs) around the world–led by the U.S. Fed, European Central Bank and Bank of England–are raising interest rates, ostensibly to check inflation. The ensuing race to the bottom is hastening world economic recession.