Subjects Archives: Financialization

GOP war hawks slam Biden initiative for “undermining” Pentagon efforts to prey on desperate young people.

The Biden administration announcement of so-called student loan debt relief does little to alleviate the problem it claims to solve.

The basic justification of every policy of the West is the ideology of ecumenism the West is projecting, full of complacency and arrogance. However, it is a false ecumenism, as it corresponds only to the narrow interests of the Western ruling classes, not the interests of humanity, writes Valdai Club expert Dimitris Konstantakopoulos. This article was written as a follow-up to the author’s presentation at the expert discussion “The Global Ideological and Spiritual Landscape and Russia’s Place on the New Values Map of the World”.

Industrialist Barre Seid funded a new dark money group run by Trump judicial adviser Leonard Leo, who helped eliminate federal abortion rights.

Coinbase recently filed its interim financial report. It makes pretty grim reading. A quarterly net loss of over $1bn, net cash drain of £4.6bn in 6 months, fair value losses of over 600k…

The recent reporting on the Uber Files—a series of 124,000 communications, dated from 2013 until 2017, that Mark McGann, one of Uber’s top lobbyists, leaked to The Guardian—has shed light on the company’s strategies to gain global prominence during its nascent years.

Cuban scientists have announced the next stage of research on NeuralCIM, a neuroprotective drug for Alzheimer’s disease and other forms of dementia.

A June poll reveals American citizens’ anxieties on paying for housing in the coming year.

Ukrainian President Volodymyr Zelenskyy has described the buffoonish British PM as one of Ukraine’s closest allies. If and when Johnson leaves office, he is tipped for a role as Ukraine Envoy.

SYDNEY and KUALA LUMPUR. Half a century after the 1970s’ stagflation, economies are slowing, even contracting, as prices rise again. Thus, the World Bank warns, “Surging energy and food prices heighten the risk of a prolonged period of global stagflation reminiscent of the 1970s.” 

Last week, Ukraine’s foreign private creditors agreed to the country’s request for a two-year freeze on payments on about $20bn of foreign debt.

“The people of Afghanistan have been made to suffer doubly for a government they did not choose.”

The post-colonial state in India had two primary tasks before it: one was to overcome the hegemony of metropolitan capital, so that a development strategy in relative autonomy from imperialism could be pursued; the second was to attack landlordism both to free the agrarian population from its clutches, and to increase agricultural output for rapid industrialisation based on a growing home market.

Last week, Republican Senator Ron Johnson called for ending Social Security and Medicare as entitlement programs, instead transferring them into the discretionary budget where they would be gutted.

The Putin-Erdogan meeting in Sochi has rapidly accelerated Russian-Turkish economic initiatives and financial ties. These include bypassing western sanctions, integrating money transfers, and trading outside the dollar.

The decision comes as Schumer is now the Senate’s #2 recipient of pharmaceutical industry campaign cash.

Democrats were set to mostly preserve, not close, a Wall Street tax loophole, before they dropped it entirely.

Fossil fuel firm’s profits are ‘an insult to families struggling to get by,’ TUC says.

Pivotal economic crises frequently evoke multiple explanations that are all correct while missing the point.

SYDNEY and KUALA LUMPUR. Colonial-style currency board arrangements have enabled continuing imperialist exploitation decades after the end of formal colonial rule. Such neo-colonial monetary systems persist despite modest reforms.