Q: And you had to sit in the hall in elementary school? A: So little was known about those conditions back in those days, and I think it was just seen as I was distracting everyone in the class with my silliness. I couldn’t stay in my chair and keep my mouth shut. So the teachers from […]

Yves here. Note that for at least the past decade, there has been a significant divergence between the IMF’s research arm, which has regularly criticized neoliberal policies, and its program arm, which acts as an enforcer for moneyed interests. During the Greek bailout negotiations, even some members of the program staff were clearly opposed to […]

Authored by Peter Koenig via GlobalResearch.ca, For close to 40 years the IMF has weaponized its handle on the western economy through the dollar-based western monetary system, and brutally destroyed nation after nation, thereby killed hundreds of thousands of people. Indirectly, of course, as the IMF would not use traditional guns and bombs, but financial […]

From agrarian economy to global superpower in half a century – China’s transformation has been an economic success story unlike any other. Today, China is the world’s second largest economy, making up 16% of $86 trillion global GDP in nominal terms. Furthermore, as Visual Capitalist’s Imam Ghosh points out, if you adjust numbers for purchasing power parity […]

Authored by Irina Slave via OilPrice.com, Climate has inarguably become a hot topic of discussion in developed economies over the last decade, and it is getting hotter by the day as study after study warn we are close to doomed if we don’t change our ways urgently. Yet climate on Earth is not the only […]

Pacific Gas and Electric’s (PG&E) historic blackout plunging hundreds of thousands of customers into darkness last week was a massive communication breakdown that sparked criticism over the two-day blackout that was designed to avoid wildfires, reported The New York Times. PG&E officials said over the weekend that most of the power had been restored to everyone […]

Authored by Pepe Escobar via The Saker blog, Deciphering who’s behind the violence leads to a long list of possibilities… “If we burn, you burn with us.” “Self-destruct together.” (Lam chao.) The new slogans of Hong Kong’s black bloc – a mob on a rampage connected to the black shirt protestors – made their first […]

China’s producer prices deflated for the 3rd straight month, slumping 1.2% YoY – the biggest deflationary impulse since July 2016 – but, thanks to the explosion in pork prices (as ‘pig ebola’ spreads), Chinese consumers are facing the worst inflation since 2013. Source: Bloomberg “The return to PPI deflation since July is not only acting […]

Submitted by Eric Hickman, president of Kessler Investment Advisors, Inc., an advisory firm located in Denver, Colorado specializing in U.S. Treasury bonds. It isn’t just how much the Fed cuts rates that matters; it is how soon they do it. You don’t have to go far to hear calls for the Federal Reserve to not […]

Only a bit over five hours are left in the Naked Capitalism fundraiser. Show your support of sharp analysis, relentless pursuit of captured officials and lame pundits, demystifying finance, exposing looting, lively phrasemaking, and cute animal pictures. In the last two hours, we’ve gotten 25 more donations, so we’ve just beaten our donor target! Thanks […]

It isn’t just WeWork’s now-pulled IPO that’s toxic at the company: according to a Business Insider report, the company emailed its tenants on Monday telling them that there was “potentially elevated levels of formaldehyde” in phone booths throughout WeWork offices in the U.S. and Canada. Why they used the word potential is unclear – according to the […]

by Calculated Risk on 10/14/2019 09:16:00 PM

Authored by Paul Joseph Watson via Summit News, Forbes faced ridicule and condemnation after the media outlet encouraged women to travel alone to Pakistan, including to areas where the Taliban is active. “Pakistan. It’s not exactly on every solo female traveler’s bucket list. But that doesn’t mean that it shouldn’t be,” states the article, which […]

Billionaires could be slapped with an effective tax rate of 97.5% if Bernie Sanders wins the 2020 presidential elections, reported Bloomberg, who spoke with two economists advising both the Bernie Sanders and Elizabeth Warren Presidential Campaigns. Sanders’ effective tax rate of 97.5%, includes an income tax, but also a wealth tax that is aimed at breaking […]

Readers have responded generously to our final appeal, to meet our last goal of $35,000 for more original and to beat our new donor target of 1750 contributors. Since our last update, only five hours ago, you’ve blasted through our financial target. We are now $3,815 over our goal! This is very exciting for all […]

Listening to the speech William Barr, the attorney general, gave last week at the University of Notre Dame Law School, I found myself thinking of the title of an old movie: “God Is My Co-Pilot.” What I realized is that Donald Trump’s minions have now gone that title one better: If Barr’s speech is any […]