Labour Isn’t Working
Getting rid of Keir won’t solve the party’s structural, cultural and existential problems… Read More Labour Isn’t Working
Category: Economics and Politics
Chris Hedges: Bandaging the Corpse
Biden’s bailout will not alter the structural inequities and other fundamental underpinnings of America’s death spiral… Read More Chris Hedges: Bandaging the Corpse
Italy’s Government Is Outsourcing Its Economic Strategy To Private Management Consultants McKinsey
Last month, former European Central Bank chief Mario Draghi formed a new government whose top ministries were handed to unelected technocrats. Now his “government of experts” has outsourced its economic plan to private management consultants McKinsey — without voters having ever had any say in the matter.… Read More Italy’s Government Is Outsourcing Its Economic Strategy To Private Management Consultants McKinsey
Are The Days Of The “K-Shaped” Con Finally Over?
The pandemic has been a financial and political boon to the 1%. Will they really change the pattern in the next round of bailouts?… Read More Are The Days Of The “K-Shaped” Con Finally Over?
Wall Street’s Casino Banks Party Like It’s 1929
Following the stock market crash in 1929, more than 9,000 banks in the United States failed over the next four years. In just the one year of 1933, more than 4,000 banks closed their doors permanently as a result of insolvency… Read More Wall Street’s Casino Banks Party Like It’s 1929
In Crazy Banana-Republic Moment, Mob Storms U.S. Capitol, Senate & House. Lawmakers Evacuated. But No Problem, Stocks Are Up
What happened is shocking, heartbreaking, and previously unthinkable… Read More In Crazy Banana-Republic Moment, Mob Storms U.S. Capitol, Senate & House. Lawmakers Evacuated. But No Problem, Stocks Are Up
Pork for Christmas
Washington is not about people, it’s about money… Read More Pork for Christmas
Research Arm of Congress Confirms that Mnuchin Never Released Bulk of CARES Act Money Earmarked for Fed’s Emergency Loans
“Committing” money and actually turning the funds over are two very different things.… Read More Research Arm of Congress Confirms that Mnuchin Never Released Bulk of CARES Act Money Earmarked for Fed’s Emergency Loans
American Requiem
“The American Dream has run out of gas. The car has stopped. It no longer supplies the world with its images, its dreams, its fantasies… It supplies the world with its nightmares now.”… Read More American Requiem
UK Local Authorities’ Highly Leveraged Commercial Real Estate Bets Begin to Unravel
With impeccable timing… Read More UK Local Authorities’ Highly Leveraged Commercial Real Estate Bets Begin to Unravel
Britain Will Seek Coronavirus ‘Herd Immunity’ Covertly or by Default, Thanks to an Inability to Get Anything Done
Suppression of the virus only works if its elimination is near total and an effective system is in place to find, test and isolate new cases. Britain is clearly not one of the countries that can successfully do this… Read More Britain Will Seek Coronavirus ‘Herd Immunity’ Covertly or by Default, Thanks to an Inability to Get Anything Done
Hunger in America, Especially Among Children, “Has Skyrocketed” During Covid-19
The number of children who do not have enough to eat has soared in the pandemic, according to the Census Bureau and Agriculture Department.… Read More Hunger in America, Especially Among Children, “Has Skyrocketed” During Covid-19
