Subjects Archives: Financialization

The phrase, which was used in the early nineteenth century to describe the the spoils system of appointing government workers, accurately describes the American economy today.* And it’s pretty clear who the victor is, and it’s not the working-class. Instead, a small group at the top have come out as the victor—and that’s been true […]

The Anti-Money Laundering Act would expose the owners of shell companies now sits alone on a shelf in the U.S. Senate while the Federal Reserve shrugs its shoulders in the face of blatant manipulation by the too-big-to-fail banks.

The Donald Trump administration uses every mechanism to cut China out of the global supply chain, but nothing seems to be working as a resolute China is unwilling to back down and dismantle its technological gains.

All told, 54.1 million American workers have filed initial unemployment claims during the past nineteen weeks.

The comparison between teachers and meatpacking workers is highly significant and must be taken as a sharp warning by teachers and all education workers.

The Grayzone reports from inside Nicaragua’s capital on the 41st anniversary of the Sandinista Revolution, covering a speech by President Daniel Ortega, showing how the leftist government has responded to the coronavirus pandemic, and surveying the rising tide of U.S. and corporate media disinformation.

A statement signed by former Brazilian president Dilma Rousseff and Indian Kerala State’s finance minister Thomas Isaac, among others, highlights the inadequacy of the measures announced recently by the G20 and IMF to postpone debt repayment.

COVID-19 has exposed the lie that free markets can deliver healthcare for all, the fiction that unpaid care work isn’t work, the delusion that we live in a post-racist world. We are all floating on the same sea, but some are in super-yachts and others clinging to drifting debris.

The rogue deployment of secret federal police forces in Portland, Oregon, has added a new complication to negotiations over reauthorizing the Trump administration’s vast surveillance powers and appropriating new money for the Department of Homeland Security.

The existing alphabet soup of possible recoveries—V, U, W, and so on (which I discussed back in April)—is clearly inadequate to describe what has been taking place in the United States in recent months.

The excessive use of force and killings of unarmed Black Americans by police has fueled a popular movement for slashing police budgets, reimagining policing, and directing freed funds to community-based programs that provide medical and mental health care, housing, and employment support to those in need. This is a long overdue development.

Millions of U.S. households are already facing desperate crises.

The most important economic problem the United States is facing is the failure to contain Coronavirus and the unethical decisions politicians have been making to reopen without the administrative capacity to limit the virus’s spread.

Cutting police budgets without establishing public control over their behavior doesn’t solve the problem, and invites politicians to shuffle budget numbers around like a three-card monte swindle.

Yesterday morning, the U.S. Department of Labor reported that, during the week ending last Saturday, another 1.4 million American workers filed initial claims for unemployment compensation.

A British high court ruled on July 2 that because the UK recognizes opposition leader Juan Guaidó as president, it does not have to give the government of Nicolás Maduro access to the reserves.

Cities across the world are facing a double-barreled existential problem: how to adapt to climate change and how to pay for it.

One of the graver risks for big-time criminals is that investigators will be able to identify them and their deeds by ‘following the money’. The criminals have to hide the proceeds of their crimes. This is done by depositing their monies into legitimate finance houses and businesses.

Altogether, as philosopher Cornel West put it, the U.S. is showing every sign of being a “failed social experiment”. And yet there is a veritable boom in the U.S. stock market. The stock market index Nasdaq has increased by more than 40 per cent since March 23 and is now “within striking distance of all time highs” as one commentator put it.

Companies that say they stand with protesters have been funding police foundations for years.