Economy

Child poverty in the U.S. is among the worst in the developed world
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. children live in households with an income below 60 percent of the nati [...]
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Poroshenko Leading Ukraine to ‘Palace Coup’ by ‘Playing Along With Radicals’
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. [...]
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The Hardening of Society and the Rise of Cultures of Cruelty in Neo-Fascist America
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 produced it. [...]
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On Contact: The Plight of the Underclass with Linh Dinh
On this week’s episode of On Contact, Chris Hedges is joined by Linh Dinh, author of “Postcards from the End of America”. Dinh traveled across the US lift up the voices of those who have been disappeared by our corporate state. RT Correspondent Anya Parampil reveals the stark statistics of those living in poverty in America. The Plight of the Underclass with Linh Dinh [...]
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Capitalism in Crisis: Getting Ready for Change in the Age of Trump
The rise of Donald Trump raises opportunities and perils regarding the prospects for societal transformation and change. On the one hand, reactionary forces have been emboldened, on issues from health care reform and deregulation to militarism and taxes. But times of crisis also provide opportunities to build toward progressive change over the mid-to-long-term. With that in mind, it’s worth refl [...]
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Chris Hedges Brace Yourself! The American Empire Is Over
Again an interview of Chris Hedges which goes back to 2013, but is above all interesting because Hedges explains how he moved from wanting to be a pastor to becoming a war reporter. He explains why he considers "liberals" have no direct contact with what they "prestend" to defend from afar. His first hand description of working directly with young people for whom violence was a way of life and his [...]
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America is Tired
The major takeaway from the US Presidential election, and from the events which have shaped the first two weeks of Donald Trump’s Presidency - both his actions and the reactions of his opponents - is that America is tired. It is not difficult to see why since the US has for decades been behaving in a way that was guaranteed eventually to exhaust it. [...]
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Greece sells its national railway operator to Italy
Greece's national rail company TrainOSE has been sold to Italy's state railway group Ferrovie dello Stato (FS) for €45 million ($48.1 million). The sale is part of Greece’s €86 billion bailout agreed with international creditors two years ago. [...]
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Hitman: Kill the Death Economy! | Interview with John Perkins
Israel controls America, and Israel wants all the Middle East as a 'Greater Israel'. That's what it's all about. Why are the US and Israel so friendly anyway? That's a hugely controversial question. Though American support for Israel really is massive, including billions of dollars in aid and reliable diplomatic backing, experts disagree sharply on why. S ome possibilities include deep support fo [...]
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American Empire: An Act of Collective Madness
AMERICAN EMPIRE is a documentary about the hidden forces that are controlling America and the world, and how it affects you, your children and your grandchildren. The best way to get the truth these days is not from the media. It’s from documentaries like this. In this gripping film people are willing to reveal information that is being withheld from the public. This film reveals the world as [...]
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Finland plans to give out cash to create jobs
Finland's health and social affairs ministry wants to try out a basic income scheme to test the impact of unconditional cash payments on work incentives. The experiment aims to show if the measure can simplify the welfare benefits system and lower unemployment in the country. [...]
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Shock: Americans’ Wages Dropping Fast in 2016
Federal data released Aug. 9 shows that Americans’ wages are dropping again, seven years after President Barack Obama declared the economy had recovered from the property-bubble — and three months before the 2016 election. [...]
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Pope Francis: Capitalism is ‘Terrorism Against All of Humanity’
Pope Francis surprised reporters on a flight from Krakow to the Vatican late Sunday when he blamed the "god of money" for extremist violence in Europe and the Middle East, saying that a ruthless global economy leads disenfranchised people to violence. [...]
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Deutsche Bank Collapse May Trigger ‘Global Financial Catastrophe’
In June, the International Monetary Fund (IMF) labelled Deutsche Bank as the most risky global financial institution. Experts do not believe the bank will suffer the same destiny as Lehman Brothers. But if it does this would be a global financial catastrophe. [...]
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Russia Becomes Globe’s Top Buyer of Gold Bullion, Boosting Reserves
The Central Bank of Russia became the world's leading purchaser of gold when it bought 356,000 ounces of the precious metal in February, according to the International Monetary Fund (IMF). China took second place; its Central Bank purchased about 320,000 ounces of gold in February, according [...]
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The Real Earthquake Is About to Hit
Don’t try to praise bestselling author, Peter Schiff, for accurately predicting the 2008/2009 crash. That is, because in his opinion, the financial crisis wasn’t the REAL crash… It was only a tremor before the big one hits. “Armageddon is inevitable,” says Peter. So will 2015 be the year when we finally run out of fools willing to lend to us? [...]
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What US Fed Chairman Yellen Told Obama During Secret Meeting
Last week, US President Barack Obama, US Vice President Joe Biden and Chairman of the US Federal Reserve Janet Yellen held a secret meeting at the White House, during which they discussed the US and global economy, an official statement released by the White House said. However, according to former US politician and political expert Ron Paul, the subject discussed behind closed doors could be m [...]
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Fear and Loathing in Ukraine
Despite favorable – even fawning – propaganda in Western media, the U.S./E.U.-backed regime in Ukraine tramples on traditional liberal values of tolerance and pluralism, notes James W Carden. The overnight train from Kiev to Slavyansk gives a passenger, if nothing else, ample time to read and think. On a return trip to war-torn eastern Ukraine in March, I took the opportunity the 13-hour jo [...]
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Americans Fear Future With ‘Dead-End Economy, Crap Jobs, and Awful Wages’ | Politics
In the article below by CNN Money, it says that Americans are becoming fearful of a future with a ’Dead-End Economy, Crap Jobs, and Awful Wages, and they have every reason in the world to think that way, because they’ll be lucky if it’s that... [...]
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Out of Money: Saudi Arabia Shot Itself in the Foot by Dropping Oil Prices
Riyadh has shot itself in the foot by adopting a predatory pricing policy in the oil market aimed at wiping its competitors out; now the House of Saud is reaping a whirlwind it sowed. Back in 2014 Saudi Arabia decided to drop oil prices in order to expel Russia from the European and Asian oil markets and at the same time to deal a heavy blow to the US shale oil industry. [...]
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After Syria, Putin Turns to Russia’s Domestic Issues
Russian President Vladimir Putin turned his attention to domestic issues on Tuesday, amid several high-profile arrests, in what could be seen as a shift away from foreign policy, which dominated his agenda for the past two years. Russia's Federal Security Service (FSB), which answers directly to [...]
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Ukraine fire sale: 60% discount for state assets
Kiev has announced a massive discount on the sale of state assets which have failed to find foreign buyers. Ukraine’s State Property Fund says all of the assets have been put up for sale more than 10 times and have found no takers. As a result, 22 of 34 state assets are now being put up for sale at a 60 percent discount, nine with a discount of 50 percent, and three are up for auction at a re [...]
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