Russian Minister of Economic Development Maxim Oreshkin said Wednesday that Russia's national currency, the ruble, should be supported because a "big trend toward the de-dollarization" of the country's economy is growing at a steady pace. [...]
Commenting on the recent statement of White House Chief Strategist Steve Bannon that the US is at 'economic war' with China, Hong Kong-based political scientist Joseph Cheng explained to Sputnik that the US, in fact, can't do much to prevent Beijing from growing into the world's economic leader and why the two countries should a [...]
China and Russia have already ditched the US dollar in their vast energy trade. Now China is leveraging Saudi Arabia to also abandon the greenback for oil sales. No wonder, it seems, that US policies are increasingly lashing out.
US global power depends on its presumed economic prowess and military force. With its economy in [...]
A report by the Institute of International Finance (IIF) in the US has revealed that global debt levels have surged to US$217 trillion in the first quarter of 2017. This is 327 percent of the world's annual economic output (GDP). [...]
Thom talks with Dr. Richard Wolff about how the GOP health bill could kill 29,000 Americans in the next decade if implemented. He then talks with Sam Sacks and Bryan Pruitt to get their take on the healthcare bill as members of the GOP oppose it, causing a voting delay in congress, the return of camera-shy Sean Spicer to the vis [...]
America is often referred to as the "Land of the Free," but as citizens prepare to celebrate the Fourth of July, their satisfaction with the country's freedom is significantly lower than it was a decade ago, according to a newly released Gallup poll.
The survey found that although 91 percent of Americans were satisfied with t [...]
The Republican healthcare proposal amounts to a tax cut for the rich, and the US economy would benefit far more from establishing single-payer healthcare, according to Warren Buffett, one of the richest men in America.
The 86-year-old Nebraskan is the chief executive of investing house Berkshire Hathaway and has a net worth o [...]
The answer is crystal clear. For years, Social Security has served as a key source of income for millions of retired Americans. In fact, these days, an estimated 61% of retirees rely on their benefits to provide at least half of their income. The problem, however, is that Social Security was never designed to cover seniors' livi [...]
Here’s hoping there's rent control in China: Employees at a factory that manufactures apparel for Ivanka Trump’s clothing business earn just $62 each week, for 60 hours of work, it has been revealed.
There are 80 workers at the plant, which produces clothing for Ivanka Trump’s eponymous brand as well as for Tommy Hi [...]
While markets are forecasting only a 10 percent chance of a global recession, Danish investment firm Saxo Bank puts the odds at over 60 percent.
"Our main global macro outlook still maintains that recession is more likely than not in the near future (12 to 18 months) based on the global credit impulse having peaked simultaneo [...]
On March 25, the leaders of the 27 EU member-states signed a declaration to “restart” the badly divided European Union. In an interview with Sputnik, Gian Micalessin, a military reporter with the Italian newspaper Il Giornale, spoke about the political crisis facing the EU and its future relations with Russia. [...]
The ruble continues its seemingly unstoppable rally boosted by foreign investors seeking high yield returns. The currency has gained over 30 percent against the US dollar in just over a year.
On Thursday, the ruble rose 0.4 percent versus the greenback and was trading at 56.35 at 7:35am GMT, and gained 0.6 percent to 60.60 ag [...]
Americans have shown that they strongly refute almost every aspect of the proposed budget of US President Donald Trump, a plan described as perfectly mirroring the agenda of his extremely wealthy cabinet members.
A new Quinnipiac poll published Friday revealed that a wide majority of US citizens oppose the sweeping cuts propo [...]
One-fifth of Medicare recipients are covered through Medicaid, including nursing homes and long-term care. The House Republican leadership’s Obamacare repeal bill will not only cause upwards of 24 million people to lose their health care coverage over the next decade, as the Congressional Budget Office has said, but it will al [...]
One in three American kids live in poverty, according to UNICEF. With 32.2 percent of children living below this line, the U.S. ranks 36th out of the 41 wealthy countries included in the UNICEF report. The United States ranks near the bottom of the pack of wealthy nations on a measure of child poverty. Nearly one third of U.S. c [...]
Ukrainian President Petro Poroshenko blamed Ukrainian radicals for Kiev having lost control over the situation in the eastern regions of Donbass. According to the Ukrainian leader, the blockade of Donbass by radicals risks plunging Ukraine into "anarchy" and violence. [...]
Dark Times are truly upon us. There will be an acceleration of acts of violence under the Trump administration and the conditions for eliminating this new stage of state violence will mean not only understanding the roots of neo-fascism in the United States, but also eliminating the economic, political, and cultural forces that [...]