Subjects Archives: Financialization

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.

The United States is currently experiencing a dystopian orgy of death and destruction.

The same proposals that were demonized yesterday as radical socialism are embraced today to save the society from collapse.

Local budget cuts enacted a decade ago left states and cities dangerously unprepared for COVID-19. We shouldn’t make those same mistakes again.

How could Karl Marx (1818–1883) help us interpret the current crisis? His theory of history offers critical resources to interpret the unprecedented crisis which is shaking the world today, while indicating at the same time that ‘the world after’ so much mentioned could only be anti-capitalist.

Rohan Grey and Nathan Tankus join Money on the Left to discuss the flurry of debate about Modern Monetary Theory (MMT) arising out of the Coronavirus crisis. We focus, in particular, on the Modern Money Network’s multi-pronged efforts to illuminate and remedy the resulting economic devastation. At the center of our conversation is Rohan’s contribution […]

Newly released data from the Boston Public Health Commission (BPHC) show that COVID-19 is present at higher rates in certain Boston communities, including Hyde Park, Mattapan, Dorchester, and East Boston.

The principal deputy assistant secretary at the Bureau of South and Central Asian Affairs (SCA) in the U.S. State Department, Alice Wells, dropped a bombshell on the Afghan government and the country’s political elites on April 4—and caught the international donors by surprise, too—by linking all aid to Afghanistan to the formation of an inclusive government in Kabul.