Subjects Archives: Financialization

The U.N.’s Human Rights Chief Michelle Bachelet urged countries to confront legacy of slavery and colonialism.

In 1974, the United Nations General Assembly passed a New International Economic Order (NIEO), which was driven by the Non-Aligned Movement (NAM).

The U.S. military’s budget, like so many police department budgets, is bloated, and diverts our tax dollars into forces of domination and violence. Now is the time to question our spending priorities at the local and federal level.

Richard Heinberg is a very important scholar and an apparently lovely human being. His books are always penetrating, and both his contribution to and his review of Michael Moore’s corporate-green-censored movie, Planet of the Humans, demonstrate his continuing efforts to speak crucially unheard truths.

The coronavirus pandemic of 2020 has slammed into the global system with almost the same impact we might expect from an asteroid strike. All aspects of economic, cultural and political activity on the planet have been devastated and disrupted in ways that seemed unimaginable just a few months ago.

Will colleges and universities reopen in the fall? That’s the question on the minds of many these day—administrators, faculty, staff, students, and their families, not to mention the communities in which they live.

Industries prepare for decoupling as worst scenario, accelerating homegrown technologies as Washington hawks destroy global supply chain.

Venezuelan Vice-President Delcy Rodriguez last year branded the move an “organised crime that violates international law.

In early May, Ohio Republican Governor Mike DeWine began reopening the state economy. And to support business and slash state expenses, both at worker expense, he had a “COVID-19 Fraud” form put up on the Ohio Department of Job and Family Services website where employers could confidentially report employees “who quit or refuse work when it is available due to COVID-19.”

The Trump regime is ratcheting up its protectionist rhetoric vis-à-vis China. If this leads to new sanctions, it would worsen the COVID-induced trade crisis rather than help the U.S.

All told, 38.6 million American workers have filed initial unemployment claims during the past nine weeks.

Venezuelan former Vice President Elias Jaua calls for the government to rebuild the state and retake the reins of the economy.

Here in the U.S., agribusiness lines up with pharmaceutical and military contractors in terms of being a political force to be reckoned with and, in effect, help run the country. Their needs are protected so that these pathogens have the best lawyers on the planet.

Universities can immediately bypass feckless state & federal legislatures & finance themselves directly with “Unis” supported by the Federal Reserve For a growing majority of outspoken administrators and faculty, the economic fallout associated with the Covid-19 crisis threatens to catapult U. S. higher education into a draconian age of austerity, layoffs, and closures. The question, […]

Early evidence on the intensity and drivers of the COVID-induced crisis in the U.S. and Europe suggests that the official response may lengthen the recession and delay recovery

Given the dramatic rise in unemployment, cuts in hours, and sharp decline in gig economy work, it isn’t surprising that hunger is becoming more common, particularly among families with children. Nearly half the U.S. couldn’t withstand a $400 emergency, and most households that have taken hits are seeing bigger income losses than that.

The speaker is too poor to move to a different region, so they can only move slightly farther away from an inevitable problem.

There is an exodus of finance from the third world at present, far exceeding in scale what had occurred in 2008 after the financial crisis.

America’s billionaires have accrued more wealth in the past three weeks alone than they made in total prior to 1980.

A new report from the Institute for Policy Studies, “Billionaire Bonanza 2020: Wealth Windfalls, Tumbling Taxes, and Pandemic Profiteers,” reveals that the wealth of U.S. billionaires is indeed staying at home.