Subjects Archives: Financialization

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.

The Western strategy to weaken Russia backfires on Europe.

The value of the federal minimum wage has reached its lowest point in 66 years, according to an EPI analysis of recently released Consumer Price Index (CPI) data.

India will have to respond by increasing interest rates further sooner rather than later. Higher U.S. interest rates make global capital abandon other countries and rush to American bonds whose market yields have doubled at the shorter end.

U.S. Treasury Secretary Janet Yellen is claiming that just because the U.S. GDP report is negative, it does not mean the world’s largest economy is in recession, a claim that has no economic foundations whatsoever.

The major economies are moving closer to recession, if they are not already there; and yet inflation rates continue to rise (for now).