Archiv: capital / capitalism


11.10.2021 - 02:35 [ Japan Today ]

The ‚zombification‘ of married life

Married couples are “zombifying,” is the magazine’s melancholy conclusion. Instead of divorcing, as they once might have, they grimly endure each other. It’s better, or seems so, than the foreseeable alternatives – prominent among them financial insecurity amid declining wages and emotional insecurity as the lingering COVID-19 crisis corrodes the strength to face the world alone.

There are no doubt many reasons why marriage, so hopefully embarked upon, so quickly turns sour for so many. Spa! zeroes in on one – the double-income household.

07.10.2021 - 11:55 [ Standard.co.uk ]

UK gas prices fall from record high after Russia steps in

Following Mr Putin’s comments on supplies, gas prices dropped to about 257p a therm later on Wednesday.

07.10.2021 - 11:38 [ euobserver.com ]

Putin offers to ease EU gas crunch

Deputy prime minister Alexander Novak urged German regulators to quickly certify the Nord Stream 2 pipeline to help.

04.10.2021 - 04:12 [ theGuardian.com ]

Surge in UK wholesale gas prices fuels winter energy crisis fears

(28.09.2021)

European gas prices rose by 10%, with price pressure exacerbated by a dwindling supply from Russia.

Supply dropped on Tuesday as the flow of Russian gas via the Yamal-Europe pipeline fell by more than half, the Interfax news agency reported, citing data from the grid operator Gascade.

The situation in the UK, where market prices have quadrupled in the past year, is particularly acute.

04.10.2021 - 03:57 [ energyvoice.com ]

Gazprom warns of a gas-short winter for Europe

(20.09.2021)

“The gap in terms of injecting gas into European [underground gas storage] UGS facilities cannot be closed. Europe is going to enter the autumn/winter period with a gas shortage in its UGS facilities. The question is, how big is the shortage going to be?” the Russian executive said.

“They might even break new records very soon,” Miller said. He went on to note that despite European prices, Asian markets continued to pay a premium. As a result, gas is flowing into Asia.

02.10.2021 - 18:47 [ World Economic Forum ]

The Great Reset

There is an urgent need for global stakeholders to cooperate in simultaneously managing the direct consequences of the COVID-19 crisis. To improve the state of the world, the World Economic Forum is starting The Great Reset initiative

02.10.2021 - 15:59 [ CNBC ]

The U.S. and EU discuss ways to solve the global chip shortage: Here’s what you need to know

(30.09.2021)

In addition, although the final statement doesn’t mention China, some of the pledges certainly seemed to be targeted at Beijing.

“We intend to work closely together to address non-market, trade-distortive policies and practices, improve the effectiveness of our respective domestic measures,” the U.S. and the EU said.

Officials have on numerous occasions criticized Beijing for not giving the same level of access to foreign business as to what is granted to Chinese companies abroad.

27.09.2021 - 15:55 [ TodayUKNews.com ]

Europe still lacks a unifying vision

This is not to say that strategic autonomy is a bad idea — or that the EU is doomed to geopolitical irrelevance. The prospect of a trade deal with Europe or the threat of EU sanctions can shape the behaviour of countries all over the world. But economic power and moral suasion are not always an adequate substitute for military might. (As Stalin once reportedly asked: “How many divisions has the pope?”)

01.09.2021 - 10:00 [ Forbes ]

The War In Afghanistan Cost America $300 Million Per Day For 20 Years, With Big Bills Yet To Come

(16.08.2021)

Naturally, the United States has financed the Afghan war with borrowed money. Brown University researchers estimate that more than $500 billion in interest has already been paid (included in the $2.26 trillion total sum), and they figure that by 2050 the cost of interest alone on our Afghan war debt could reach $6.5 trillion. That amounts to $20,000 for each and every U.S. citizen.

31.08.2021 - 18:46 [ Glenn Greenwald / Twitter ]

This is a very smart and insightful article on why groupthink is so pervasive among corporate journalists — especially those online — and why both the miserable economics and miserable culture of the media corporations where they work require conformity and herd behavior:

31.08.2021 - 18:35 [ Ross Barkan / Substack ]

The Problem With Media

This is the tragedy. The local news die-off is real and lasting. Whole regions of the country now lack reliable news. The suffering is not always obvious because it is more about absence than outright destruction. Today’s 28-year-old living in an exurb doesn’t understand how much coverage of a town meeting, a county executive’s office, or a public school they would’ve read 20 or 30 years ago. They merely see nothing and learn to live with it. Many of the remaining small newspapers hardly function at all; they are living ghosts printing wire copy.

24.08.2021 - 06:33 [ marketwatch.com ]

Pfizer, BioNTech stocks rise on report FDA could fully approve COVID-19 vaccine

(20.08.2021)

Late Friday, The Wall Street Journal and The New York Times reported that the FDA could approve the vaccine, which up until now has been distributed on an emergency basis, as early as Monday but could possibly go past that if regulators need more time to review data.

23.08.2021 - 22:31 [ Xinhuanet ]

Taliban appoints acting head for Afghan central bank: spokesman

The Taliban appointed Hajji Mohammad Idress as acting general director of the central bank „in efforts to align and arrange banking procedures and find a solution to people’s trade problem and difficulties,“ Taliban spokesman Zabihullah Mujahid wrote on his social media account.

14.08.2021 - 15:45 [ Bloomberg ]

Deutsche Bank, Standard Chartered Sued Over Afghanistan Dead

(05.08.2021(

The banks and two money transmitters functioned as “laundromats,” allowing terrorist financiers to secretly move money and evade detection, according to the lawsuit. Transactions involving syndicate agents, operatives and fronts in countries including Afghanistan, Pakistan, Russia and the United Arab Emirates raised red flags that they were dealing with terrorist money, the suit claims.

04.08.2021 - 13:29 [ The People’s Party / Twitter ]

Nina’s unfortunate loss is further proof that working with the Democrats is a dead end road for folks seeking to challenge the status quo. Democrats will spend millions of dollars (at a time like this!) and pull out all the stops to undermine candidates fighting for the people.

28.07.2021 - 08:12 [ UrduPoint.com ]

WTO Members Fail To Agree On Patent Waiver For COVID-19 Vaccines

The World Trade Organization member countries have failed to reach a consensus on a temporary waiver of intellectual property rights for COVID-19 vaccines, WTO spokesman Keith Rockwell said on Tuesday following the General Council session. According to Okonjo-Iweala, the WTO member countries will make a decision by the 12th WTO ministerial conference, which will take place in late November-early December.

28.07.2021 - 07:34 [ Laura Marston / Twitter ]

Tomorrow is the 100 year anniversary of the discovery of insulin. In 1921, insulin’s discoverers sold its patent for $1 so insulin would be affordable to all. Today, a single vial of insulin that lasts me about a week is priced at $300+, only in the United States.

(26.07.2021)

27.07.2021 - 02:10 [ Bloomberg.com ]

U.S., China Leave Room to Talk After Contentious Meeting

The U.S. and China left open the possibility of a summit between their presidents despite a contentious day of talks between officials from both sides in the city of Tianjin.

27.07.2021 - 02:02 [ Bloomberg.com ]

Technology – China Crackdown Rocks Investors: ‘Everybody’s in the Crosshairs’

The crash in tutoring stocks that began late last week spread Monday across the tech sector and beyond, after authorities confirmed reports they would ban a swathe of the education industry from making profits. It’s the government’s most extreme step yet to rein in private businesses that regulators blame for exacerbating inequality, increasing financial risk and — in the case of some tech titans –- challenging Beijing’s authority.

19.07.2021 - 16:05 [ Jacobin ]

Were Haiti’s Capitalists Behind the Assassination of President Moïse?

(09.07.2021)

Haitian president Jovenel Moïse was assassinated this week by alleged mercenaries. In an interview with Jacobin, the English language editor of Haiti Liberté says he suspects that some of Haiti’s richest families hired the attackers to preempt a potential revolution — and possibly even trigger US military intervention.

09.05.2021 - 06:31 [ UltraSurfing.com ]

EU and India agree to restart trade talks at ‚landmark‘ summit

“The EU and India are opening a new important chapter in our relationship. We are the world’s two largest democracies. We are natural partners,” European Council chief Charles Michel said.

08.05.2021 - 22:07 [ ABC News ]

EU agrees potential 1.8 billion-dose purchase of Pfizer jab

The European Union cemented its support for Pfizer-BioNTech and its novel COVID-19 vaccine technology Saturday by agreeing to a massive contract extension for a potential 1.8 billion doses through 2023.

EU Commission President Ursula von der Leyen said her office has approved a contract for a guaranteed 900 million doses with the same amount of doses as a future option.

08.05.2021 - 21:55 [ Financial Times ]

Merkel opposes US move to waive vaccine IP, the drive behind the commodity supercycle

German chancellor says waiver would have serious implications for production worldwide

07.05.2021 - 00:19 [ Yahoo.com ]

Pfizer, Moderna shares plummet after Biden administration backs a COVID-19 vaccine patent waiver

The Biden administration „believes strongly in intellectual property protections,“ Tai said in a statement, but the White House will back the waiver given the „extraordinary circumstances of the COVID-19 pandemic.“ The administration has faced pressure to support the measure, which is aimed at increasing vaccinations around the world — especially in countries experiencing a surge in infections, like India — without having to rely solely on exports.

21.04.2021 - 11:05 [ Regierung des Vereinigten Königreichs - Gov.uk ]

UK, Australia and Germany issue statement on merger control

The Competition and Markets Authority (CMA), the Australian Competition and Consumer Commission (ACCC) and Germany’s Bundeskartellamt have signed up to the statement, which comes as countries build back following the Coronavirus (COVID-19) pandemic.

With it, all 3 authorities are being clear that competition between businesses will remain important for consumers as well as other businesses who want to best serve their customers and grow.

27.03.2021 - 16:41 [ WIkipedia ]

Skid Row, Los Angeles

Skid Row was established by city officials in 1976 as an unofficial „containment zone“, where shelters and services for homeless people would be tolerated.[19]

During the 1970s, two Catholic Workers — Catherine Morris, a former nun, and her husband, Jeff Dietrich — founded the „Hippie Kitchen“ in the back of a van. Over forty years later, in March 2019, aged 84 and 72, they remained active in their work feeding Skid Row residents.[20]

Throughout the 1960s and 1970s, many veterans of the Vietnam War found themselves drawn to Skid Row, due to the services and missions already in place there, and feeling outcast from other areas. Like those after World War II, many of them ended up on the streets. It was around this time that the demographics of Skid Row shifted from predominantly white and elderly to those here today [see Demographics].

27.03.2021 - 16:35 [ BBC ]

Los Angeles: Why tens of thousands of people sleep rough

(19 September 2019)

In 1976, city officials established Skid Row as an unofficial „containment zone“, where homeless people, shelters and services would be tolerated. As a result, most visitors to the parts of Los Angeles that attracted visitors from around the world never saw a homeless person.

27.03.2021 - 16:30 [ Wikipedia ]

Echo Park, Los Angeles

First established in 1892, and long before „Hollywood“ became synonymous with the commercial film industry, the area of Echo Park known as Edendale was the center of filmmaking on the West Coast.

25.03.2021 - 18:33 [ BBC ]

‚Greed‘ and ‚capitalism‘ helped UK’s vaccines success, says PM

(26.03.2021)

The prime minister’s full remarks, which first appeared in the Sun newspaper, were reported to be: „The reason we have the vaccine success is because of capitalism, because of greed, my friends.“

Wales Office Minister David TC Davies, who attended the meeting, said Mr Johnson „made it absolutely clear it was a joke – a reference to the film Wall Street“.

22.03.2021 - 15:44 [ Haaretz ]

Israel Election: Dan Ariely Explains Why Voters Are Irrational – ‚It’s Tempting to Vote for a Liar‘

“The fact that people even go out to vote is very disturbing to economists. After all, you won’t change the result of the election with your lone vote, and on the other hand it costs you time and money. If you do a cost-benefit analysis of it – clearly one shouldn’t vote. Classical economists are very disturbed by people who go out to vote and also by people who leave tips in restaurants that they don’t plan to visit again.”

27.02.2021 - 17:30 [ Al Jazeera ]

UK Supreme Court’s Uber decision is a victory for all gig workers

From Uruguay and the United States to Australia and France, couriers and drivers have been bringing legal challenges against food delivery and passenger transport companies, such as Uber, Lyft, and Deliveroo, arguing that as their “workers” or “employees” they should be entitled to employment protections such as minimum wage, paid holidays and the right to unionise.

17.02.2021 - 09:58 [ DailyMail.co.uk ]

Bosses begin drafting ’no jab, no job‘ contracts to force staff to get vaccine despite lawyers warning they will likely be challenged in court – as ministers urge PM to bring in certificates to help open cinemas, theatres and clubs

– ‚No jab no job‘ contracts are being drafted by companies in the care home sector
– The move may mean prospective and current workers need to have jab for work
– Vaccines minister Nadhim Zahawi said yesterday that it was ‚up to businesses‘
– The Government has so far said it has no plans to introduce a passport scheme
– Ministers have also reportedly urged Boris Johnson to consider jab certificates

27.01.2021 - 19:00 [ Yahoo.com ]

DAVOS 2021: AstraZeneca CEO criticises ‚me first‘ approach to COVID

(25.01.2021)

Pascal Soriot said world leaders “could and should have been better prepared for this pandemic” and criticised what he called the “me first” attitude many have adopted in tackling the crisis.

“Globally, it’s fair to say we could and should have been better prepared for this pandemic,” AstraZeneca boss Soriot said during an appearance on a virtual panel on Monday.

19.01.2021 - 18:47 [ Prem Sikka / Twitter ]

To rebuild the economy, UK govt has set-up a Build Back Better Council. It is full of grandees from companies not paying the minimum wage, dodging taxes, engaged in illicit financial flows and anti-worker practices. No union reps. What could go wrong?

12.01.2021 - 09:53 [ World Economic Forum ]

The Davos Agenda 25-29 January 2021

The COVID-19 pandemic has demonstrated that no institution or individual alone can address the economic, environmental, social and technological challenges of our complex, interdependent world. The pandemic itself will not transform the world, but it has accelerated systemic changes that were apparent before its inception. The fault lines that emerged in 2020 now appear as critical crossroads in 2021. The time to rebuild trust and to make crucial choices is fast approaching as the need to reset priorities and the urgency to reform systems grow stronger around the world.

12.01.2021 - 09:46 [ World Economic Forum / Twitter ]

Welcome to 2030. I own nothing, have no privacy, and life has never been better

(Nov 10, 2017)

09.01.2021 - 10:24 [ US JUstice Department ]

Deutsche Bank Agrees to Pay over $130 Million to Resolve Foreign Corrupt Practices Act and Fraud Case

Deutsche Bank Aktiengesellschaft (Deutsche Bank or the Company) has agreed to pay more than $130 million to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) and a separate investigation into a commodities fraud scheme.

The resolution includes criminal penalties of $85,186,206, criminal disgorgement of $681,480, victim compensation payments of $1,223,738, and $43,329,622 to be paid to the U.S. Securities & Exchange Commission in a coordinated resolution.

24.11.2020 - 20:25 [ Robert Reich, Berkeley prof, frmr Sec of Labor / Twitter ]

Jeff Bezos net worth in 2009: $6,800,000,000 Jeff Bezos net worth in 2020: $183,800,000,000 Federal minimum wage in 2009: $7.25 Federal minimum wage in 2020: $7.25 If this doesn’t convince you our economy is rigged, I don’t know what will.

24.11.2020 - 19:54 [ Marianne Williamson / Twitter ]

When I was in college, 300,000 people were in prisons across the United States. Today it’s over 2.3 million. The real crime here is the advent of the private prison industry. Billions of dollars are made off human suffering and injustice.

24.11.2020 - 19:50 [ Ayanna Pressley, Abgeordnete im US Repräsentantenhaus / Twitter ]

That’s right @briebriejoy „3 million people over the age of 60 are still paying on student loans.“

We all should be gasping. This debt is choking trillions, it is a crisis & demands urgent, bold action. The Biden-Harris Admin can cancel student debt Day 1 via Exec Order.

22.11.2020 - 14:02 [ Progressive International / Twitter ]

Guatemala’s government slashed $25 million from healthcare and education — just days after Hurricane Eta battered its poorest communities. The people are rising up. PI member @MSICG : “We demand a Constituent Assembly. This dictatorship has failed us.”

22.11.2020 - 13:02 [ New York Times ]

Protesters in Guatemala Set Fire to Congress Building Over Spending Cuts

Thousands of protesters took to the streets in Guatemala’s capital on Saturday, setting fire to the nation’s congressional building in a show of anger over a budget bill passed this week that cut funding for health care and education.

The demonstrations in Guatemala City, which also included peaceful marches in the central plaza, rocked a nation still recovering from back-to-back hurricanes that displaced thousands of people, destroyed homes and obliterated critical infrastructure.

16.11.2020 - 12:43 [ BBC ]

RCEP: Asia-Pacific countries form world’s largest trading bloc

Fifteen countries have formed the world’s largest trading bloc, covering nearly a third of the global economy.

The Regional Comprehensive Economic Partnership (RCEP) is made up of 10 Southeast Asian countries, as well as South Korea, China, Japan, Australia and New Zealand.

12.11.2020 - 11:09 [ Mark Sanders / Twitter ]

So the Pfizer vaccine is expected to be up to seven times more expensive than the Oxford one, reports the Times.

Welcome to profit first, morals later America.

22.10.2020 - 09:38 [ Esha / Twitter ]

[Thread] Obama years, in no particular order ….

(19.12.2017)

22.10.2020 - 08:53 [ theHill.com ]

Obama tears into Trump at Philadelphia rally: ‚The next 13 days will matter for decades to come‘

Obama framed the election as a battle for democracy.

“Our democracy is not gonna work if the people who are supposed to be our leaders lie every day and just make things up,” Obama said. “This notion of truthfulness and democracy and citizenship and being responsible — these aren’t Republican or Democratic principles. They’re American principles. … We need to reclaim them.”

21.10.2020 - 11:25 [ Pew Research Center ]

In U.S. and UK, Globalization Leaves Some Feeling ‘Left Behind’ or ‘Swept Up’

(05.10.2020)

In the course of the focus group discussions, participants observed that globalization extends beyond economic issues, such as trade, multinational corporations and open markets, to questions of governance, sovereignty and the connectivity made possible by new communication technology. Core to the discussion of globalization’s political implications was the role and influence of multinational or multilateral organizations such as the UN, the World Bank and – in the case of the UK – the EU. Particularly for participants who were less comfortable with globalization, these organizations were framed in terms of implications for the nation-state.

21.10.2020 - 11:16 [ SkyNews.com.au ]

Trump: ‚Joe Biden a servant of the globalists, lobbyists and Washington vultures‘

President Donald Trump says “big deals” are being done behind the scenes between the Democratic party and large companies in order rake in large donations for the campaign trail.

Mr Trump accused Democratic nominee Joe Biden of being a “servant of the globalists, lobbyists and Washington vultures who got rich bleeding America dry”.

21.10.2020 - 11:09 [ theHill.com ]

Biden holds massive cash advantage over Trump ahead of Election Day

According to new filings with the Federal Election Commission, Biden entered October with over $177 million in the bank, compared with $63.1 million for the president, marking a sharp reversal from earlier in the cycle when Trump’s cash advantage seemed insurmountable.

01.10.2020 - 00:17 [ Xinhuanet ]

China, Indonesia sign MoU to boost use of local currencies

The authorities believe it will positively contribute to encouraging the use of local currencies for the settlement of trade and direct investment between the two countries, the statement said.

28.09.2020 - 16:53 [ @travisburgess / Twitter ]

Who was President at the time when Trump wasn’t paying any income tax?

28.09.2020 - 16:40 [ New York Times ]

The President’s Taxes: Long-Concealed Records Show Trump’s Chronic Losses and Years of Tax Avoidance

Donald J. Trump paid $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750.

He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

19.09.2020 - 10:30 [ Colin Todhunter / Global Research ]

Neoliberal Death Knell for Indian Agriculture

The proposed legislation will enable transnational agri-food corporations like Cargill and Walmart and home-grown billionaire capitalists like Gautam Adani and his agribusiness conglomerate and Mukesh Ambini and his Reliance retail chain to decide on what is to be cultivated, how much of it is to be cultivated within India and how it is to be produced and processed. From seed to field to plate, the corporate take-over of the food and agriculture chain will be complete.

04.09.2020 - 03:44 [ Common Dreams ]

A Message to Senate Democrats: Tribal Lands Are Not Carbon Dumping Grounds

Carbon pricing is a term that was later popularized by the World Bank to include carbon trading (cap-and-trade and offsets), carbon taxes, REDD+ and voluntary carbon markets schemes. This allowed corporations to secure additional profit through trading carbon credits and in some cases tax breaks.

25.08.2020 - 21:53 [ CounterPunch ]

The Architecture of Surveillance in Northern Virginia

Even assuming that most of their jobs are pointless, it’s a lot of damn people keeping our rebellious impulses in check. Then there’s Fort Belvoir, Andrews Airforce Base, Quantico, Anacostia-Bolling. US Defense Services. Navy Intelligence. Department of Homeland Security. The National Reconnaissance Office. The Bureau of Intelligence and Research. The Office of Intelligence and Analysis. The NSA, FBI, CIA. Booz Allen Hamilton. Boeing. Humana. Raytheon. BAE Systems. General Dynamics. Northrup Grumman. Lockheed Martin.

A truly high maintenance group, the ruling class.

22.08.2020 - 10:00 [ Waleed Shahid / Twitter ]

I didn’t think Biden would open with Ella Baker. Ella Baker, 1974: „You and I cannot be free in America or anywhere else where there is capitalism and imperialism.“

21.08.2020 - 15:14 [ David Sirota / Substack ]

Team Biden Now Signals Austerity, Despite Campaign Pledges

To review the situation: earlier this month, Bloomberg News reported that Biden’s “campaign rolled out a $3.5 trillion economic program over the past month” — one that “promises to invest in clean energy and caregiving, buy more made-in-America goods, and start narrowing the country’s racial wealth gaps.” This, said the news service, was proof that Biden no longer adhered to an ideology of austerity and deficit hawkery — which would be good news.

But then on the eve of Biden’s convention speech, the Democratic nominee’s top aide suggested to Washington reporters that, in fact, that’s not true.

18.08.2020 - 16:43 [ @jvgraz / Twitter ]

We believe you Michelle. Remember when we thought it couldn’t get worse after Bush and your husband proved us all wrong?

18.08.2020 - 11:59 [ teleSUR ]

Chile: Mapuche People Call for Actions Against Capitalism

„We support the machi Celestino Cordova’s struggle and all the Mapuche political prisoners,“ the Indigenous organization added.

They are heroes „who demand the vindication and autonomy of our territory. Together we will resist our real historical enemies,“ CAM announced.

15.07.2020 - 14:18 [ theHill.com ]

Battle brewing on coronavirus relief oversight

The three independent oversight panels set up by Congress in the bipartisan CARES Act almost four months ago have all encountered serious obstacles — sometimes because of resistance from the White House, other times due to drafting oversights in the authorizing legislation.

As a result, lawmakers and the public may not have a full understanding of how coronavirus relief aid is being spent until after the election. In the meantime, Congress and the White House are moving toward another pandemic bill that’s expected to carry a price tag of at least $1 trillion.

15.07.2020 - 13:56 [ Washington Post ]

The end of small business: Giant corporations may be the only survivors in the post-pandemic economy

For decades, large businesses have been taking market share from small businesses, and the corporations at the top of the pyramid have been consolidating into ever-bigger megacorporations. In the 1980s, half of retail shopping took place in independent stores; today, it is less than one-quarter. From 2002 to 2017, Home Depot and Lowes almost doubled their joint share of the home-improvement retail market, from 42 to 81 percent. Even before the coronavirus struck, in 43 metropolitan areas more than half of all groceries were bought at Walmart.

14.07.2020 - 16:25 [ New York Times ]

Caught in ‘Ideological Spiral,’ U.S. and China Drift Toward Cold War

Relations are in free fall. Lines are being drawn. As the two superpowers clash over technology, territory and clout, a new geopolitical era is dawning.

05.07.2020 - 10:29 [ CBS News / Youtube ]

Obama advises Kanye West on 2020 White House run

(Oct 10, 2015)

The president spoke at a Democratic National Committee fundraiser in San Francisco, where the hip hop artist will later perform. Mr. Obama has a few political nuggets to pass on for West’s 2020 bid for the presidency.

18.06.2020 - 18:33 [ Boston Consulting Group ]

Global Wealth 2020—20th Edition: The Future of Wealth Management—A CEO Agenda

Personal financial wealth has soared over the past two
decades—nearly tripling on a global basis from $80.5
trillion at the end of 1999 to $226.4 trillion at the end of 2019.1 (See Exhibit 1.) That trajectory is even more impressive in light of the many economic disruptions that have occurred during this period.

01.06.2020 - 19:46 [ Gareth Porter, investigative historian and journalist on the national security state / Twitter ]

The Democratic Party elite — especially those in the „national security“ elite — must be called to account for continuing their long-running endeavor of distracting Americans from the realities of this country by repeating this pathetically lame #Russia conspiracy claim.

28.05.2020 - 02:13 [ Center for Biological Diversity ]

Trump Administration Again OKs Oil Drilling in California’s Carrizo Plain National Monument

On the eve of a holiday weekend and during a global pandemic, the Trump administration last week approved a new oil well and pipeline in Carrizo Plain National Monument. It would be the first well drilled in the monument since it was established in 2001.

The Bureau of Land Management originally approved the well and pipeline two years ago but withdrew that approval in July 2019 after Los Padres ForestWatch and Center for Biological Diversity filed objections. The conservation groups cited the well’s potential harm to wildlife, views and the climate.

11.05.2020 - 00:18 [ Common Dreams ]

Farmers Are Destroying Mountains of Food. Here’s What To Do About It

Crises tend to expose pre-existing societal malfunctions, and the Covid-19 pandemic has provided a bleak view into our political and economic soul. This March and April, even as an astounding 30 million Americans plunged into unemployment and food bank needs soared, farmers across the US destroyed heartbreaking amounts of food to stem mounting financial losses.

In scenes reminiscent of the Great Depression, dairy farmers dumped lakes of fresh cow’s milk (3.7m gallons a day in early April, now about 1.5 million per day), hog and chicken farmers aborted piglets and euthanized hens by the thousands, and crop growers plowed acres of vegetables into the ground as the nation’s brittle and anarchic food supply chain began to snap and crumble.

06.05.2020 - 14:31 [ Saagar Enjeti, Host of Rising w/ Krystal and Saagar / Twitter ]

You can’t make this stuff up. Chinese State media citing CATO institute reports on free trade

05.05.2020 - 22:00 [ theIntercept.com ]

“Capital in the 21st Century”: Finally, a Movie That Tells the Story of How We Got Into This Mess

All societies maintain what anthropologists call “social silence” about the society’s most significant subjects. As Tett puts it, what matters most “is not discussed because those topics are considered boring, irrelevant, taboo, or just unthinkable.”

“Capital in the 21st Century” understands that the daily facts about capitalism seem boring, irrelevant, etc., to most people because they’re not part of a story. They’re like baseball scores when you don’t know anything about baseball’s rules or teams or history. But understanding the story of capitalism is like understanding all of that about baseball, plus having a team to root for, and realizing that, if your team loses, you’re going to die.

02.05.2020 - 17:48 [ Coalition to Oppose the Arms Trade - coat.ncf.ca ]

William S. Knudsen (1879-1948)

Knudsen became president of GM in 1937 and served in that position until 1940.

That year, President Roosevelt’s National Defense Advisory Commission was revived and Knudsen was put in charge. He probably felt at home with U.S. Steel’s Edward Stettinius, a Council on Foreign Relations member who later became Secretary of State (1944-1945), and Sears’ chairman, Donald Nelson, the anti-Semite who chaired the America First Committee, an influential outfit that strongly opposed fighting Nazism. By 1941, Knudsen was co-chairing the Office of Production Management to oversee the country’s armament program. He probably felt less at home though with Roosevelt’s choice of co-chair, Sidney Hillman, a Jewish labour leader. But, all-in-all, WWII was highly profitable for Knudsen and his company. GM received $14 billion in contracts from the U.S. War Production Board, which was conveniently chaired by Knudson. GM’s vehicle factories in Germany churned out most of Hitler’s army trucks and many bomber aircraft engines for the Nazi war effort. In 1942, Knudsen was recognized in a special way by the U.S. Army. No he wasn’t arrested for conflict of interest or conspiring to arm the enemy, he became the first civilian to be made a U.S. Army General.

02.05.2020 - 11:04 [ the Hill ]

Big banks are growing due to coronavirus — that’s an ominous sign

(01.05.2020)

Collectively, the ten largest U.S. banks expanded by more than $1.2 trillion in the first quarter of 2020. JPMorgan alone grew by nearly 20 percent, becoming the United States’ first bank with $3 trillion in assets. The bank took in $273 billion in new deposits in just three months. That’s equivalent to JPMorgan acquiring PNC Bank — the country’s seventh largest depository institution.

02.05.2020 - 10:45 [ Archives.gov ]

Guide to House Records: Chapter 22: 1910-1946 Nazi and Other Propaganda

22.87 The committee was frequently referred to as the McCormack-Dickstein Committee in reference to its chairman and vice chairman, John W. McCormack of Massachusetts and Samuel Dickstein of New York. It conducted public and executive hearings intermittently between April 26 and December 29, 1934, in Washington, DC; New York; Chicago; Los Angeles; Newark; and Asheville, NC, examining hundreds of witnesses and accumulating more than 4,300 pages of testimony. The committee accumulated evidence regarding individuals and organizations who worked to establish in the United States policies followed by the Nazis in Germany, the Fascists in Italy, and the Communists in Russia. The committee gave particular attention to the organization and activities of Friends of New Germany and Silver Shirts of America. The committee submitted its report on February 15, 1935 (H. Rept. 153, 74th Cong., 1st sess., Serial 9890).

02.05.2020 - 10:31 [ BBC ]

The Whitehouse Coup

(23. July 2007)

Document uncovers details of a planned coup in the USA in 1933 by right-wing American businessmen

The coup was aimed at toppling President Franklin D Roosevelt with the help of half-a-million war veterans. The plotters, who were alleged to involve some of the most famous families in America, (owners of Heinz, Birds Eye, Goodtea, Maxwell Hse & George Bush’s Grandfather, Prescott) believed that their country should adopt the policies of Hitler and Mussolini to beat the great depression.

02.05.2020 - 10:28 [ Counterpunch.org ]

Wall Street’s Failed 1934 Coup

(2. December 2011)

Not a one of them was ever called to testify or was charged with Treason. Virtually all of them were founding members of the Council on Foreign Relations (CFR).

The League was headed by the DuPont and J.P Morgan cartels and had major support from Andrew Mellon Associates, Pew (Sun Oil), Rockefeller Associates, E.F. Hutton Associates, U.S. Steel, General Motors, Chase, Standard Oil and Goodyear Tires.

23.04.2020 - 02:36 [ Global Research ]

Covid-19: Check the Source of your Information! War against… Corruption?

I am a doctor: seven years at medical school, three years of applications, four years of doctoral studies to obtain my MD in Belgium, in 1995. From 1997 to 2003, I specialised in anaesthesia-recovery, then in intensive care. For the last 17 years, I have worked in this field, now in the spotlight during this viral pandemic called Covid-19. I am therefore particularly qualified from a medical standpoint. That’s where I stand out, and I am mainly guided in my profession by the motto passed down from the early days of medicine in Antiquity: “Primum non nocere” or in other words: “First, do no harm.”

21.04.2020 - 23:37 [ DailyMail.co.uk ]

Bank of England boss Andrew Bailey warns against easing social distancing too early and says the psychological effects of a ‚false start‘ that forces Britons back into lockdown could damage economy more

– Andrew Bailey told the Daily Mail a premature end to restrictions could result in a loss of confidence
– The Bank of England governor issued the stark warning at a time of increasingly heated debate over lockdown
– It comes as ‚hawks‘ have been advocating for early easing of restrictions to save the huge costs to economy
– On the other side, ‚doves‘ argue relaxing constraints too early would be reckless and devastating for the NHS

16.04.2020 - 06:07 [ teleSUR ]

Billionaire Jeff Bezos Makes US$24 Billion More Amid Pandemic

The index updates followed a report published Saturday by Forbes about how „market gains led to a combined US$51.3 billion boost for 10 of the world’s billionaires since the market closed a week ago, on April 2.“ Bezos gained US$6.8 billion in that time.

14.04.2020 - 08:44 [ Express.co.uk ]

Italian MEP sheds light on Germany’s ‚diabolical EU plan‘ to push its interests forward

(12.04.2020)

„It has been like this for years.“

The Italian politician added: „What Germany is doing is disgusting and I believe that the EU will look very different when this virus is over.

„The UK could have not made a better decision in leaving this bloc.“

14.04.2020 - 08:20 [ Ansa.it ]

We’ll keep fighting for Eurobonds-Conte: Premier accuses opposition of lying about ESM

He also accused the opposition centre-right of „lying by saying that we will use the ESM“ adding „they weaken Italy in Europe“.
„We won’t activate the ESM and I won’t sign up to any proposal that is not ambitious,“ he said.

12.04.2020 - 12:19 [ Politico.com ]

2020 elections: Barack Obama wins the Democratic primary

In the end, the most influential politician of 2020 might be the one who has been the most silent.

With Bernie Sanders exiting the race and Joe Biden taking on the mantle of presumptive nominee, the man who hovered quietly over the race for more than a year, Barack Obama, will soon return to the political fray.

04.04.2020 - 14:04 [ USA Today ]

Trump blasts 3M as company says mask demand far exceeds ability to produce them

Earlier Thursday, the White House invoked the Defense Production Act to acquire more masks with N95 respirators from 3M.

In a statement posted Friday, 3M said the White House formally invoked the act to prioritize N95 orders from the Federal Emergency Management Agency. The company also said it has gone „above and beyond“ to make enough respirators available in the U.S.

04.04.2020 - 13:40 [ investorplace.com ]

3M Stock Could See a Billion-Dollar Boost from Trump

(06.03.2020)

It creates big opportunity, which is especially true for face mask companies after the U.S. Health and Human Services says the U.S. only has 10% of face masks needed for a full-blown virus pandemic. They estimate the U.S. would need at least 3.5 billion medical-grade N95 masks.

Better, the Trump Administration has plans to source millions of masks from 3M to help combat the virus threat. If so, that could generate up to $1 billion in sales for the company. Vice President Mike Pence said in a press conference:

03.04.2020 - 04:45 [ Colin Todhunter / Global Research ]

Locked Down and Locking in the New Global Order

Professor Michel Chossudovsky has looked at who could ultimately benefit from current events and concludes that certain pharmaceutical companies could be (are already) major beneficiaries as they receive lavish funding to develop vaccines. He asks whether we can trust the main actors behind what could amount to a multibillion dollar global (compulsory) vaccination (surveillance) project.

02.04.2020 - 04:16 [ Xinhuanet ]

China lifts foreign ownership limits on securities, fund management firms

Foreign financial institutions have acted quickly. On Friday, Morgan Stanley said it had received CSRC approval to increase its shareholding in its China securities joint venture, Morgan Stanley Huaxin Securities Company Limited, from 49 percent to 51 percent.

On the same day, Goldman Sachs said it had been approved to increase its ownership in its China joint venture, Goldman Sachs Gao Hua Securities Company Limited, from 33 percent to 51 percent.

28.03.2020 - 21:55 [ Prof Michel Chossudovsky / Global Research ]

What Happens In the Wake of the COVID-19 Lockdown? Economic Destruction, Global Poverty, Bankruptcies, Mass Unemployment. Neoliberalism to the Rescue

What prevails is an atmosphere of fear and uncertainty which enables powerful financial interests to manipulate the stock market and consolidate their financial positions. This crisis has led to an unprecedented concentration of money wealth.

27.03.2020 - 18:49 [ Washington Post ]

Gouged prices, middlemen and medical supply chaos: Why governors are so upset with Trump

Masks that used to cost pennies now cost several dollars. Companies outside the traditional supply chain offer wildly varying levels of price and quality. Health authorities say they have few other choices to meet their needs in a ‘dog-eat-dog’ battle.

12.03.2020 - 03:22 [ junge Welt ]

Chile: 30 Jahre nach Pinochet

Piñera, dessen zweite Amtszeit am Mittwoch vor zwei Jahren begann, sieht sich seit Oktober 2019 einer Massenbewegung gegenüber, die ein Ende des Neoliberalismus sowie eine neue Verfassung fordert. Das aktuelle Grundgesetz gilt in großen Teilen als Erbe der Pinochet-Diktatur.

12.03.2020 - 03:11 [ teleSUR ]

Ecuador: Citizens Reject Economic Decisions to Please the IMF

After the decisions announced by President Lenin Moreno on Tuesday night, thousands of Ecuadorian citizens used social media to express their outrage at a set of „brutal economic decisions“, popularly known as „Paquetazo“, which are aimed to favor the International Monetary Fund (IMF) agenda in this South American country.

11.03.2020 - 07:46 [ wiktionary.org ]

every man is the architect of his own fortune

Each person is the chief cause of their success or failure in life.

10.03.2020 - 09:42 [ Jimmy Dore / Twitter ]

Still seeing lots of people aghast at the Democratic party because they are “risking losing to a Trump”. For the last time: They don’t care if they “lose” to Trump!!! What they can’t “RISK” is winning with a progressive. Hope that helps.

10.03.2020 - 09:17 [ Forbes ]

The Fed’s $16 Trillion Bailouts Under-Reported

(20.09.2011)

It is the first audit of the Fed in United States history since its beginnings in 1913. The findings verify that over $16 trillion was allocated to corporations and banks internationally, purportedly for “financial assistance” during and after the 2008 fiscal crisis.

Sen. Bernie Sanders (I-VT) amended the Wall Street Reform law to audit the Fed, pushing the GAO to step in and take a look around.

10.03.2020 - 09:10 [ CNN Money ]

CNNMoney.com’s bailout tracker

Troubled ASSET RELIEF PROGRAM
Financial rescue plan aimed at restoring liquidity to the financial markets

(…)

Committed : $11 trillion (total)
Invested: $3 trillion (total)

10.03.2020 - 09:01 [ Naomi Klein / Twitter ]

Folks, real talk: we are now the edge of a global economic crisis. The last time this happened, the Biden wing of the Dem party handed trillions to the banks who created the crisis, did not prosecute, and let workers, students and homeowners pay the price. Do not do it again.

10.03.2020 - 07:49 [ theHill.com ]

Poll: Majority of Democratic voters say US economic system is unfair

For Americans overall, the March 1-2 survey found 53 percent of registered voters said the U.S. economic system is mostly or somewhat fair while 47 percent said the opposite.

07.03.2020 - 22:10 [ Matt Stoller / Twitter ]

The entire 2020 primary is about whether Democrats can come to grips with what a shitty President Obama was. The answer appears to be no they cannot.

06.03.2020 - 21:04 [ New York Times ]

How Working-Class Life Is Killing Americans, in Charts

The combined result is a divergence in the life expectancy of white college graduates and non-graduates. Overall mortality for whites between the ages of 45 and 54 has held roughly steady in the last 25 years. But that average hides a big increase in death rates for non-graduates and a big decline for graduates.

06.03.2020 - 20:59 [ theHill.com ]

Democrats should be really, really afraid of a contested nominating convention

Contested Democratic conventions in the past led to catastrophe. In 1860, the Democratic convention broke up over the issue of slavery and in the end two Democratic candidates, one from the south, the other from the north, ran for president.

04.03.2020 - 19:43 [ Bloomberg.com ]

Stocks Extend Gains on Stimulus Hopes, Biden Wins: Markets Wrap

The S&P 500 headed for its second gain in three days after former Vice President Joe Biden won a majority of state primaries on Super Tuesday, dulling some investors concerns about the possibility of a more liberal candidate challenging President Donald Trump in November.

26.02.2020 - 13:13 [ The Economic Times ]

India sees privatization as answer to flailing state power firms

In one of the most recent such moves, Tata Power Co. last year acquired one of the distribution utilities in the state of Odisha.

26.02.2020 - 13:06 [ Reuters ]

Tunisian parliament debates new coalition with economy in focus

Introducing his proposed government’s program in parliament on Wednesday, Fakhfakh said its priorities would include fighting widespread corruption and reforming public services and the state phosphate producer.

19.02.2020 - 17:45 [ RealClearPolitics.com ]

Sanders: Bloomberg Doesn’t Have The Right To Buy This Election, „Obscene“ That He Skipped Early States

SANDERS: You know, we pride ourselves on being the longest-standing democracy in the world. And we’re proud of that. To me, what that means, one person, one vote. If you want to run for president, you run for president. You’ve got good ideas, maybe you win, maybe you don’t win.

But I do think it’s a bit obscene that we have somebody who, by the way, chose not to contest in Iowa, in Nevada, in South Carolina, in New Hampshire where all of the candidates, we did town meetings, we were talking to thousands and thousands of people, working hard. He said, I don’t have to do that. I’m worth $60 billion. I have more wealth than the bottom 125 million Americans. I’ll buy the presidency. That offends me very much.

And tomorrow night…

(APPLAUSE)

19.02.2020 - 17:34 [ Caitlin Johnstone ]

Bloomberg’s Rising Polls Show The Power Of Billionaire Narrative Control

Back in November Mike Bloomberg was polling at four percent nationally and had the highest disapproval rating of any potential Democratic presidential candidate, and understandably so; the man has a uniquely horrible record and no redeeming traits to speak of.

Now, after spending $400 million in broadcast, radio and cable ads, $42 million on Facebook ads, $36 million on Google ads, and an unknown fortune on other shady manipulations, a national Quinnipiac poll released last week put him at 15 percent nationally in the Democratic primary. This week national polls released by NPR/PBS NewsHour/Marist and Zogby put him at 19 and 20 percent, respectively.

18.02.2020 - 13:21 [ Vox.com ]

Jeff Bezos asked Michael Bloomberg months ago if he’d consider running for president

(09.11.2019)

A spokesperson for Bloomberg confirmed the conversation. An Amazon spokesperson did not respond to requests for comment.

16.02.2020 - 13:32 [ Newsweek ]

Jane Sanders Says Bernie Campaign Will Remove ‚Powers-That-Be‘ From Government: ‚We Already Have Corporate Socialism‘

Sanders, the wife of Vermont Senator Bernie Sanders, told Fox News Saturday the „powers-that-be“ in America are placing a shallow focus on her husband’s „Democratic socialist“ label instead of what they’re really attacking — his campaign policies. Jane Sanders said „corporate socialism“ has benefited billionaires like President Donald Trump and Michael Bloomberg, while hard-working U.S. taxpayers end up paying for their business subsidies and bailouts.

15.02.2020 - 15:06 [ Caitlin Johnstone ]

The Belief That Everything Will Be Fine Once Trump’s Gone Is More Dangerous Than Trump

Whether it winds up being Buttigieg, Bloomberg, or one of their ideological alt-centrist clones like Amy Klobuchar or the floundering Joe Biden, the mainstream narrative will soon converge around one candidate in a very positive way, with the only important qualification being that they aren’t Bernie Sanders. Many powerful people will do everything they can to prevent a Sanders nomination, whose presidency they oppose more than Trump’s. As journalist Matt Taibbi recently pointed out, the Democratic establishment has “every incentive to play every conceivable card. Trillions at stake.”

15.02.2020 - 13:03 [ Portal amerika21.de ]

Präsident von Ecuador bei Trump: „Historischer Besuch, großartige Ergebnisse“

Am Mittwoch trafen der Präsident und seine sechsköpfige Delegation zudem mit US-Unternehmern zusammen. „Sie sehen uns als ein attraktives Land für Investitionen. Ecuador hat sich verändert und die Welt weiß das“, so Moreno.

11.02.2020 - 19:36 [ Information Clearing House ]

China, Russia to Defy US Sanctions Over Support to Venezuela

By teleSUR

Since 2019, the United States in particular, and some other countries due to pressure from Washington, began applying new sanctions to Caracas, which seriously affected its economy, people’s lives and Venezuela’s relations with other nations, Geng Shuang recalled.

09.02.2020 - 17:56 [ Global Research ]

Bankers Shape Canadian Policy in Latin America. Juan Guaidó Fêted in Ottawa

What’s more likely to shape Canadian policy in the Hemisphere: human rights and democracy or bankers’ bottom-line?

09.02.2020 - 14:27 [ teleSUR ]

CFK Presents Her Book At Cuba’s International Book Fair

Fernandez also spoke about the current administration under President Alberto Fernandez and the four years ahead of them. “We will keep our promises to the Argentinian people without a doubt,” she mentioned.

08.02.2020 - 02:17 [ Reuters ]

China’s Ganfeng to take control of Argentina lithium project

China’s Ganfeng Lithium Co said on Friday it will take control of an Argentina lithium project it has been developing with Lithium Americas Corp, cementing its control over a key source of the white metal for electric vehicle batteries.

03.02.2020 - 16:00 [ David Silverstone / Twitter ]

Let’s take the Democratic Party back from the 1%!

03.02.2020 - 15:51 [ ABC News ]

Bernie’s big gamble: Sanders hopes new voters surprise at Iowa caucuses: ANALYSIS

His philosophy is that boosting turnout in a significant and meaningful way comes not only by exciting existing Democrats, but organizing and rallying nonvoters into Democrats.

His mission and ability to do that has been central to his argument about why he is the best candidate for Democrats in a general election.

03.02.2020 - 05:11 [ Truthout ]

Canada’s Battle Against First Nations Shows Slide Toward Authoritarianism

The Canadian state has always, if only tacitly, understood this relationship between authoritarianism, resource extraction, colonialism and what Karl Marx called “primitive accumulation” — the looting and pillaging of wealth. Like the U.S., Canada has a long, ignominious record of abusing, locking up and betraying promises to Indigenous peoples.

03.02.2020 - 04:05 [ RFE/RL ]

Pompeo Praises Kazakhstan’s ‚Real Reforms,‘ Urges Pressure on China Over Xinjiang

When pressed on human rights issues in Kazakhstan, Pompeo said that „every nation has to get this right for itself.“

01.02.2020 - 04:55 [ Ramona Wadi / Strategic Culture Foundation ]

The Exploitation of Pascua Lama Is One Example of Chile’s Neoliberal Exploitation

In 2006, Barrick Gold had proposed moving the glacier ice from the Toro 1, Toro 2 and the Esperanza glaciers to facilitate their exploitation of the region’s resources.

31.01.2020 - 05:54 [ CNBC.com ]

Iowa vote Monday could be a wake-up call for stock market if leading candidate Bernie Sanders wins

Bernie Sanders leads in Iowa polls ahead of Monday’s Iowa Democratic presidential caucus.
If he wins Iowa and New Hampshire, strategists say he could gain a lot of momentum toward winning his party’s nomination.

29.01.2020 - 11:45 [ Politico.com ]

Trumpworld torn over running against Bernie

Yet some of the president’s big-money backers say they aren’t interested in bankrolling an effort aimed at propping up Sanders. They worry his potential strength in a general election is being badly underestimated, much as Democrats wrongly discounted Trump four years ago.

27.01.2020 - 12:42 [ Bernie Sanders, candidate for President / Twitter ]

Here’s the truth: the billionaire class is fine with corporate socialism when it means they get billions in tax breaks and bailouts.

26.01.2020 - 05:42 [ Bloomberg ]

German Defense Chief Warns Islamic State Could Resume ‘Terror’

Annegret Kramp-Karrenbauer, speaking in an interview at the World Economic Forum on Thursday, said that Germany aims to keep its forces in Iraq, but can only do so at the behest of the government in Baghdad.

“We need to keep in mind that in Iraq, IS is not yet defeated,“ Kramp-Karrenbauer told Bloomberg Television in Davos, Switzerland. “If the pressure is reduced, then the danger is great that it resumes its regime of terror.”

25.01.2020 - 11:50 [ New York Times ]

You Are Now Remotely Controlled

Surveillance capitalists control the science and the scientists, the secrets and the truth.

24.01.2020 - 02:00 [ NIKKEI Asian Review ]

Beijing-backed Pakistan port opens as hub for Afghanistan trade

Gwadar port in southern Pakistan recently began handling cargo bound for Afghanistan. While undoubtedly a positive development for the $50 billion China-Pakistan Economic Corridor, experts say the economic sustainability of the Chinese-managed port remains far from certain.

24.01.2020 - 01:38 [ The International News ]

China rejects US interference in CPEC, ties with Pakistan

Alice Wells alleged that there was no transparency in CPEC projects, claiming Pakistan’s debt burden was growing due to Chinese financing. She also touched on the cost escalation in the railways ML-1 upgrade project and said the Chinese companies joining CPEC were in World Bank’s blacklist.

22.01.2020 - 21:22 [ The Young Turks / Youtube ]

Tucker Carlson Explains The Appeal Bernie Sanders To Republicans

Tucker Carlson is delivering a warning to the GOP about Bernie Sanders. Ana Kasparian and Cenk Uygur, hosts of The Young Turks, break it down.

22.01.2020 - 21:01 [ Newsweek ]

AOC Says Democratic Party Is ‚Center-Conservative Party,‘ Adds ‚We Don’t Have a Left Party‘ in The U.S.

She noted that there are some „true believers“ within the Democratic Party who think capitalism can end poverty. „If anything, that’s probably the majority,“ she said, adding that she disagrees.

„That’s an area in which I agree with Dr. King, that that assessment is flawed,“ Ocasio-Cortez said as the audience erupted into loud applause.

Newsweek has reached out to the Democratic National Committee for comment but did not hear back before publication.

22.01.2020 - 20:53 [ The Young Turks / Youtube ]

AOC: The Democratic Party Is Center-Right

AOC is exposing the corruption inside the Democratic Party. Ana Kasparian and Cenk Uygur, hosts of The Young Turks, break it down.

20.01.2020 - 06:08 [ CBS News ]

World’s billionaires have more wealth than 4.6 billion people

The richest 22 men in the world — including Jeff Bezos and Bill Gates — own more wealth than all the women in Africa, Oxfam found.

20.01.2020 - 06:01 [ Wall Street Journal ]

Capitalism Draws Fire, Despite Strong Global Economy

Worries about income inequality, jobs disappearing due to automation and environmental sustainability are all feeding wide-scale distrust in capitalism as the world knows it, according to a new study released Sunday.

Edelman, a public-relations firm, conducted its 20th annual analysis of public trust in major institutions, surveying 34,000 people in 27 countries and Hong Kong. The data reveal both skepticism about those institutions—including government, business, the media and nongovernmental organizations …

18.01.2020 - 23:06 [ Colin Todhunter / Global Research ]

Challenging the Flawed Premise Behind Pushing GMOs into Indian Agriculture

To evaluate the pro-GMO lobby’s rhetoric that GE is needed to ‘feed the world’, we first need to understand the dynamics of a globalised food system that fuels hunger and malnutrition against a backdrop of (subsidised) food overproduction. We must acknowledge the destructive, predatory dynamics of capitalism and the need for agri-food giants to maintain profits by seeking out new (foreign) markets and displacing existing systems of production with ones that serve their bottom line. And we need to reject a deceptive ‘haughty imperialism’ within the pro-GMO scientific lobby which aggressively pushes for a GMO ‘solution’.

12.01.2020 - 17:41 [ Wall Street Journal ]

U.S. Warns Iraq It Risks Losing Access to Key Bank Account if Troops Told to Leave

The State Department warned that the U.S. could shut down Iraq’s access to the country’s central bank account held at the Federal Reserve Bank of New York, a move that could jolt Iraq’s already shaky economy, the officials said.

11.01.2020 - 17:17 [ CGT Télécoms Paris / Twitter ]

#Retraites #Retrait #greve11janvier On est 150 000 aujourd’hui dans Paris

11.01.2020 - 16:37 [ thelocal.fr ]

Why do rich people in France live much longer than the country’s poorest?

(08.02.2018)

11.01.2020 - 16:11 [ Le Média - Correspondants citoyens ‏/ Twitter ]

À #Rennes les #GilletsJaunes ouvrent le cortège de la #manifestation de la #greve11janvier contre la #reformedesretraites. Images de @JBourrieau pour @LeMediaTV

11.01.2020 - 15:58 [ @GNantais / Twitter ]

? Tous Ensemble à #Nantes avant d’arriver à la #Préfecture ?✊? #greve11janvier #GreveGenerale

11.01.2020 - 15:52 [ Ian56 ‏/ Twitter ]

Thousands of #GiletsJaunes and unions are marching to protest in #Toulouse. This will not be shown on mainstream TV. #greve11janvier #Acte61

11.01.2020 - 15:49 [ Jacobin agazine ]

“This Strike Is Uniting the Resistance Against Macron”

A government bid to cut back pensions has pitched France into its longest strike in decades. But as one railworker organizer tells Jacobin, the dispute is about more than retirement insurance — it’s about stopping Emmanuel Macron’s whole agenda.

11.01.2020 - 15:43 [ Cerveaux non disponibles ‏/ Twitter ]

1/ #ViolencesPolicieres : nous sombrons vite. Jeudi 9 janvier, un voile supplémentaire s’est levé sur la réalité de ce qu’est la Police. #manif9janvier #paris

Vidéo complète : https://www.facebook.com/cerveauxnondisponibles/videos/2585958411689021

09.01.2020 - 17:03 [ France24 ]

Live: French pension reform strikes enter sixth week with nationwide day of protest

The 36th day of the longest continuous transport strikes in France’s modern history is taking place today, January 9, which is also the fourth day of major, cross-sector protests since the strikes began on December 5.

07.01.2020 - 19:50 [ Anderson Cooper 360° / Twitter ]

Presidential candidate @BernieSanders hammers Joe Biden for his Iraq War, NAFTA votes. “I just don’t think that that kind of record is going to bring forth the kind energy we need to defeat Trump.”

01.01.2020 - 19:42 [ EHA News ‏/ Twitter ]

New general strike call in #France… ▪️The French General Confederation of Labour (CGT) called on workers to occupy all oil facilites and fuel depots in the country between January 7 and January 10 – Le Monde –

01.01.2020 - 19:38 [ Jean-Luc Mélenchon, @FranceInsoumise / Twitter ]

Ce ne sont pas des voeux mais une déclaration de guerre aux millions de Français qui refusent sa réforme. Tout le reste de son discours sonne faux et creux. Un extraterrestre a parlé. #VoeuxMacron2020

01.01.2020 - 19:34 [ ibtimes.com ]

French Unions Vow No Surrender In Month-long Strike

Far-left leader Jean-Luc Melenchon, head of the France Unbowed (LFI) party, added on Twitter: „These are not (New Year) wishes but a declaration of war to the millions of French who refuse his reform.“

Already another day of mass protests is set for January 9, when teachers, dockers, hospital workers and other public sector employees are expected to join transport workers by striking for the day.

Energy workers have also called for a three-day blockade of the country’s oil refineries and fuel depots starting January 7, raising the spectre of petrol shortages.

28.12.2019 - 13:11 [ Vijay Prashad / Consortium News ]

‘We Are the Ones Who Will Awaken the Dawn’

Democracy has been shackled by capitalist power. If sovereignty were merely about numbers, then the workers and the peasants, the urban poor and the youth would be represented by people who put their interests first and would be able to command more of the fruit of their labour. Democracy promises that people would be able to control their destiny. Capitalism, on the other hand, is structured to allow the capitalists – the property owners – to have power over the economy and society. From the standpoint of capitalism, democracy’s full implications cannot be allowed. If democracy gets its way, then the means of producing wealth would be democratized; this would be an outrage against property, which is why democracy is narrowed.

28.12.2019 - 12:59 [ Bernie Sanders, candidate for President / Twitter ]

1 in 6 of our children lives in poverty. 500,000+ Americans are homeless. 87 million are uninsured or underinsured. Half live paycheck to paycheck. But the billionaire class is doing better every day. This is a rigged economy and we are going to change it.

28.12.2019 - 12:40 [ QuickTake by Bloomberg / Twitter ]

The world’s 3 richest people in 2019 have added a total of $231 billion to their fortune over the past decade, according to @wealth.

Here’s how they got here

27.12.2019 - 14:41 [ teleSUR ]

Lula To Fight Neoliberalism to Restore Democracy in Brazil

„The days I was detained in the Federal Police (of Curitiba) strengthened me politically and today I have a greater will to fight until the restoration of democracy in Brazil,“ he said.

In addition, he stressed that democracy is a very serious issue and lamented that Brazil, which was previously a country where tolerance and love existed, now finds that hatred has been established in some sectors, promoted by those who seek to destroy the achievements made for most people in need. „The situation in Brazil is delicate … the people are suffering, they are losing their rights,“ Lula said.

26.12.2019 - 13:33 [ Communist Party of Israel ]

US, UK & Aussie Capitalists Donate to Netanyahu and Sa’ar Campaigns

Far-right Prime Minister Benjamin Netanyahu and his challenger in today’s (December 26) internal Likud election for the party leadership, MK Gideon Sa’ar, each received hundreds of thousands of shekels in campaign contributions from American, British millionaires, the State Comptroller’s Office website revealed on Sunday, December 22.

The Knesset passed a law last year preventing Knesset candidates from raising money from private donations and instead providing public funds for primaries. However, the law does not apply to races for the leadership of a party.

25.12.2019 - 14:33 [ New York Magazine ]

Tulsi Gabbard and the Return of the Anti-Anti-Trump Left

What they share, in addition to enthusiasm for Bernie Sanders, is a deep skepticism of the Democratic Party’s mobilization against the president. The left’s struggle against the center-left is the axis around which their politics revolves. From that perspective, the Russia scandal and impeachment are unnecessary and even reactionary.

While incomprehensible to liberals, centrists, and even many leftists who work within two-party politics, left-wing anti-anti-Trumpism has a coherent logic. It takes as its starting point a familiar critique that Trump won because liberalism failed. Trump, while bad, is merely a meta-phenomenon of the larger failure of the Democratic Party and the political and economic Establishment.

24.12.2019 - 12:36 [ Matthew Goodwin ‏/ Twitter ]

Centre-left at latest election

UK Labour
Lowest seats since 1935

Austria
Lowest since 1945

Germany
2nd lowest since 1949

France
Lowest ever

Italy
Lowest ever

Netherlands
Lowest ever

Sweden
Lowest since 1908

Finland
2nd lowest since 1962

Maybe it’s not just about Brexit?

22.12.2019 - 17:44 [ WSWS.org ]

The true legacy of US central banker Paul Volcker (1927–2019)

The specific mission undertaken by Volcker was to jack up interest rates and plunge the country into recession, creating mass unemployment as a means of breaking the social resistance of the working class.

A full accounting would reveal that his policies, imposed on behalf of the American ruling class, resulted in untold social misery and the premature death of millions of people, not only in the US but around the world, as he charted the path for ruling classes to follow everywhere.

16.12.2019 - 23:17 [ Portal amerika21.de ]

Regierung von Kuba: „Unser Amerika angesichts des Angriffs des Imperialismus und der Oligarchien“

Erklärung des kubanischen Außenministeriums 3. Dezember 2019

06.12.2019 - 14:43 [ Alexandria Ocasio-Cortez, Abgeordnete im US Repräsentantenhaus / Twitter ]

My family relied on food stamps (EBT) when my dad died at 48. I was a student. If this happened then, we might’ve just starved. Now, many people will. It’s shameful how the GOP works overtime to create freebies for the rich while dissolving lifelines of those who need it most.

06.12.2019 - 14:31 [ NBC News ]

Nearly 700,000 will lose food stamps with USDA work requirement change

The USDA rule change affects people between the ages of 18 and 49 who are childless and not disabled. Under current rules, this group is required to work at least 20 hours a week for more than three months over a 36-month period to qualify for food stamps, but states have been able to create waivers for areas that face high unemployment.

04.12.2019 - 21:20 [ SR ]

Streik in Frankreich sorgt für Zugausfälle

Für die Pendler, die auf Autos ausweichen, soll der übliche Stau noch durch eine geplante Aktion „Schneckentempo“ auf der A31 zwischen Metz und Thionville vergrößert werden. Auch der Busverkehr ist vielerorts auf ein Minimum reduziert.

Die Hochgeschwindigkeitszüge TGV sind fast komplett gestrichen.

04.12.2019 - 21:14 [ junge Welt ]

Straße gegen Macron – Voll in der Krise

Emmanuel Macron, den sie seit seinem Amtsantritt im Mai 2017 den »Präsidenten der Reichen« nennen, hat schon mit seinen bisher gegen jede politische Gegnerschaft durchgezogenen neoliberalen »Reformprojekten« fast das gesamte Volk gegen sich aufgebracht. Die von ihm – auf Teufel komm raus – gewollte Neuordnung des Rentensystems bringt nun das Fass zum Überlaufen.

28.11.2019 - 21:07 [ CNN ]

Obama is wrong: Dems are not #TooFarLeft

Establishment and Wall Street Dems are misreading the winds of public sentiment if they believe moderation is a winning political strategy for 2020. There is no constituency for a presidential candidate who prescribes half-measures to put out a fire.
And polling indicates that.

28.11.2019 - 18:16 [ theHill.com ]

Krystal Ball rips report saying Obama would intervene to stop Sanders

Bernie is an existential threat to business as usual and both parties ability to cash in as perpetual winners in the oligarchy-and they’ll use every means, fair and unfair, to protect their position. So, to those of you dedicated to upending business as usual, in case you had any illusions, Obama’s comments prove that you better be prepared for the fight of your life.

28.11.2019 - 06:37 [ theHill.com ]

Obama privately said he would speak up to stop Sanders: report

President Obama privately said he would speak up to stop Sen. Bernie Sanders (I-Vt.) from becoming the Democratic presidential nominee, Politico reported Tuesday.

The former president reportedly said if Sanders held a strong lead in the Democratic primary, he would speak out to prevent him from becoming the nominee.

27.11.2019 - 10:48 [ theGuardian.com ]

Germany is damaging the European economy. The answer? Raise German wages

Increasing wages increases consumption. Because 22% of consumption is imported in Germany – and because increasing wages doesn’t increase exports: if anything, the opposite – Germans having more money in their pockets will lead to them buying more foreign goods, reducing the current account surplus.

This won’t be easy to execute. There is a deep bipartisan consensus in Germany to maintain the status quo.

26.11.2019 - 14:29 [ Common Dreams ]

Not ‚Free Stuff,‘ But Public Goods: Ocasio-Cortez Denounces Neoliberal Talking Points on Publicly-Funded Education and Housing

Rep. Alexandria Ocasio-Cortez won applause and cheers from her constituents on Sunday at a town hall in the Bronx where she expressed deep frustration with the routine dismissal of investment in public goods as „free stuff.“

26.11.2019 - 14:21 [ Common Dreams ]

Sanders Campaign Charges Bloomberg 2020 Run ‚Is Against Bernie, Not Trump‘

„Bloomberg began floating the idea of a presidential bid in 2016, just as Bernie was beginning to gain momentum in that race,“ wrote Sirota. „At the time, Bloomberg disparaged Bernie and his campaign’s challenge to Wall Street.“

26.11.2019 - 11:23 [ junge Welt ]

Kroatien: Lehrer im Ausstand

Kroatien durchlief in den vergangenen Jahrzehnten eine neoliberale Rosskur. Verstärkt wurde diese Entwicklung durch den EU-Beitritt des Landes am 1. Juli 2013 und die anhaltende wirtschaftliche Krise seit 2008. Vor allem bei den Staatsausgaben wurde seitdem gekürzt. Das Resultat sind unter anderem eine fortschreitende Deindustrialisierung und der Wegzug vor allem junger, gut ausgebildeter Menschen in die Länder Westeuropas. Auch dagegen richtet sich der Streik, wie Sanja Sprem, Präsidentin der Lehrergewerkschaft, erklärt: »Dies ist ein Kampf gegen die Ausreise unserer Kinder nach Deutschland und Irland. Wir haben die Nase voll, dass die Zukunft unserer Kinder zerstört wird. Wir haben zu lange geschwiegen.«

24.11.2019 - 18:55 [ Portal amerika21.de ]

Regierung in Ecuador besteht auf neoliberalem Reformpaket

Die Regierung Ecuadors hat sich gegenüber dem IWF verpflichtet, Maßnahmen zur Senkung der Staatsverschuldung durchzuführen. Die Indigenorganisation Conaie bekräftigte, sie werde keine IWF-Reformen akzeptieren. Die Basis sei bereit für neue Mobilisierungen.

21.11.2019 - 00:15 [ German Foreign Policy ]

Struggle for Influence over Africa (II)

19.11.2019 With today’s Africa Conference in Berlin, the German government is seeking to induce German companies to make investments on the African continent. The conference is taking place within the framework of the „Compact with Africa“ project, launched more than two years ago during the G20 Summit in Hamburg.

19.11.2019 - 17:39 [ Information Clearing House ]

Why Aren’t Americans Rising Up Like We Are Seeing Across the Planet?

So we are subject to many of the same abuses that have fueled mass protest movements in other countries, including high rents, stagnant wages, cradle-to-grave debt, ever-rising economic inequality, privatized health care, a shredded social safety net, abysmal public transportation, systemic political corruption and endless war.

19.11.2019 - 17:33 [ antikrieg.com ]

Warum erheben sich die Amerikaner nicht, wie wir es auf dem ganzen Planeten sehen?

So sind wir vielen der gleichen Missbräuche ausgesetzt, die Massenprotestbewegungen in anderen Ländern angeheizt haben, darunter hohe Mieten, stagnierende Löhne, Schulden von der Wiege bis zur Bahre, ständig steigende wirtschaftliche Ungleichheit, privatisierte Gesundheitsversorgung, ein zerfetztes soziales Sicherheitsnetz, katastrophale öffentliche Verkehrsmittel, systemische politische Korruption und endloser Krieg.

19.11.2019 - 16:48 [ German Foreign Policy ]

Einflusskampf um Afrika (II)

Einer der jüngsten Versuche besteht darin, im Rahmen der G20-Initiative „Compact with Africa“ die Länder des Kontinents auf die Anpassung ihrer ökonomischen Rahmenbedingungen an Wünsche deutscher Unternehmen einzuschwören. Dazu sollen die heutige Berliner Afrika-Tagung wie auch die ihr vorgeschaltete Investorenkonferenz in der deutschen Hauptstadt beitragen, die im Kontext mit dem Compact with Africa abgehalten werden. Bis heute haben sich lediglich zwölf afrikanische Staaten der Initiative angeschlossen.

18.11.2019 - 12:43 [ ITV.com ]

CBI hears from party leaders as Tories, Labour and Lib Dems try to win business votes

In a bid to secure support from industry ahead of polling day on December 12, the leaders of the Conservatives, Labour and the Liberal Democrats will each make a speech on stage at the CBI (Confederation of British Industry) Annual Conference at the InterContinental London – The O2.

16.11.2019 - 19:37 [ HuffingtonPost.co.uk ]

UK Minimum Wage To Be Hiked By Boris Johnson In Bid To Woo Low Paid Workers

(01.10.2019)

The national minimum wage is set to be increased in a new move to give the low-paid a post-Brexit boost, chancellor Sajid Javid has revealed.

In yet another signal that a snap election is looming, Javid told the Conservative party conference that he planned to hike the current rate of £8.21 an hour to £10.50 an hour within five years.

Crucially, the increase would also apply to over-21s and not just over-25s,

16.11.2019 - 19:34 [ theConversation.com ]

UK election 2019 could deliver the country’s first real living wage

In a less familiar but no less noisy competition, both main parties are trying to persuade voters that they are committed to raising living standards by promising a significant rise to the minimum wage. We could well see a transformative assault on low pay in the UK.

As recently as 2015, the hourly national minimum wage was just £6.50. Today, for over-25s, it is £8.21.

16.11.2019 - 15:10 [ Portal amerika21.de ]

Valparaíso, Chile: Chronik eines aufständischen Oktobers

Dann ergänzend sagt Claudia: „Es ist wichtig, dass die Menschen Folgendes verstehen: Abgesehen von dem, was die Mächtigen in Chile schon immer an Profiten gemacht haben, wie Dann erklärt hat, wollen sie nun auch noch, dass wir sie entschädigen, falls wir etwas zugunsten des chilenischen Volkes ändern. Das ist das Brutalste, was man je im Neoliberalismus gesehen hat. […] Nicht genug damit, dass sie uns bis zum Tod, bis auf die Knochen ausbeuten wollen, jetzt wollen sie auch noch, dass wir für Geschäfte bezahlen, die sie gar nicht wahrgenommen haben, von denen sie aber meinen, dass ihnen daraus Profite zustehen.

04.11.2019 - 11:41 [ Portal amerika21.de ]

Ecuador: Vereinbarung mit Internationalem Währungsfonds verfassungswidrig?

Gewerkschaftsdachverband lässt Vereinbarung mit dem IWF bei Gericht prüfen. Conaie legt Vorschlag des „Volksparlamemts“ für wirtschaftliche Entwicklung vor

28.10.2019 - 17:05 [ Portal amerka21.de ]

Neoliberalismus in Lateinamerika: Ein einziges Fiasko

Vor einigen Jahrzehnten hörte ich einen konservativen Politiker mit naivem und zugleich zynischem Tonfall in Bezug auf die Kredite der Weltbank und des Internationalen Währungsfonds und die neoliberale Wirtschaftspolitik Folgendes sagen: „Diese Banken leihen dir Geld und gleichzeitig schlagen sie dir [neoliberale] Maßnahmen vor, um die Anleihen zahlen zu können. Du entscheidest, ob du dich verschuldest oder bezahlst.“

25.10.2019 - 17:56 [ telesur ]

Chile Unrest Rages on as 11 Dead Amid Curfew, Militarization

Protesters continue unabated in Chile, as President Piñera claims to be ‚at war‘ amid increasing criticism of heavy handed repression that has lead to 11 deaths so far. Miners and dockers unions have now called for an instensification of the protests by calling for a general strike.

25.10.2019 - 04:24 [ World BEYOND War ]

Divest from the War Machine

Divestment is organizing to remove public and private assets from weapons manufacturers, military contractors, and war profiteers. Grassroots-led war divestment campaigns are springing up all over the world, from students organizing to divest university endowments from weapons manufacturers and war profiteers, to municipalities and states coming together to divest public pension funds from the war machine.

08.10.2019 - 21:26 [ junge Welt ]

Proteste in Ecuador: Flucht aus Quito

Moreno war 2017 mit dem Versprechen angetreten, die von seinem Vorgänger eingeleitete »Bürgerrevolution« fortzusetzen, hatte dann allerdings eine 180-Grad-Kehrtwende vollzogen. Diese könnte ihm nun zum Verhängnis werden.

07.10.2019 - 14:59 [ Haaretz ]

Israel’s Invisible Workers

It’s not only the ambulance service, but also the police and the Labor and Social Affairs Ministry that act as if all there is nothing they can do but declare the deaths of workers, as if it were a matter of divine decree and not the result of a systematic abdication of responsibility by everyone involved in the issue. No other explanation is possible for the horrifying fact that since the start of the year, 67 people have died in work accidents in Israel.

05.10.2019 - 16:43 [ Portal amerika21.de ]

Präsident Moreno verteidigt IWF-Paket für Ecuador und erklärt Ausnahmezustand

Die Unruhen in Ecuador überschatten einen geplanten Besuch von Präsident Moreno in Deutschland in der kommenden Woche. Geplant ist ein Auftritt von Moreno beim Lateinamerika-Tag der Deutschen Wirtschaft in Frankfurt am Main. Auch in Berlin sind politische Gespräche geplant.

25.09.2019 - 14:38 [ teleSUR ]

Evo Morales: The Root of the Problem Is the Capitalist System

„Let’s say it very clearly: the root of the problem is in capitalism,“ said the Bolivian president in his speech at the 74th General Assembly of the United Nations, which began work on Tuesday.

23.09.2019 - 20:03 [ teleSUR ]

Zapatistas Summon ‚II International Meeting of Women Who Fight‘

In February, the women collective of the EZLN said that Lopez Obrador’s government didn’t hold comprehensive community consultations for the ‚Maya Train‘, which is a large-scale infrastructure project is set to connect the whole Yucatan Peninsula for tourism, transportation, and economic purposes, and thus canceled the meeting to protest to the “new, bad government (that is) doing the capitalist’s megaprojects.”

14.09.2019 - 21:09 [ Wall Street Journal ]

Saudi Arabia Shuts Down About Half Its Oil Output After Drone Strikes

(14.09.2019)

Yemen’s Iranian-aligned Houthi rebels claimed credit for the attack, saying they sent 10 drones to strike at important facilities in Saudi Arabia’s oil-rich Eastern Province. The production shutdown amounts to a loss of about five million barrels a day, the people said,…

10.09.2019 - 17:47 [ Guido Fawkes ]

Treasury’s Remain Plot To Ensure an Anti-Brexit Governor of the Bank of England

A leaked shortlist for the next Governor of the Bank of England made its way from the highest levels of the Treasury to the pages of The Times last Saturday, and has now been followed up by an orchestrated letter signed by Remain supporting MPs. The letter is a not-so-subtle attempt to confirm the leak by making the Civil Service’s recommendation list public and therefore making it politically harder for the Chancellor to appoint a Brexiteer to the role.

10.09.2019 - 17:38 [ Labour Leave ‏/ Twitter ]

Olly Robbins, the EU’s chief negotiator, has not only been granted a knighthood by May, he’s just taken a job with Goldman Sachs – who bankrolled the Remain campaign. Maybe May just hopes he’ll keep his mouth shut.

10.09.2019 - 17:37 [ Daily Mail ]

‚The workers are coming for you!‘ Labour declares class war as Jeremy Corbyn says Boris Johnson wants Brexit for his ‚wealthy friends‘ while union baron Len McCluskey vows to fight the PM ‚in our factories‘

– Jeremy Corbyn delivered hard-Left attack on Boris Johnson in speech at TUC
– He said that the PM wanted a Brexit settlement to benefit his ‚wealthy friends‘
– Union baron Len McCluskey sent class war message ‚workers are coming for you‘

04.09.2019 - 06:00 [ Telegraph.co.uk ]

Corbyn better than no-deal Brexit, say investment banks as anti-capitalist Labour wins unlikely new City fans

Jeremy Corbyn, the scourge of bankers and avowed opponent of capitalism, is winning support from unexpected new quarters: two of the biggest global banks operating in the City of London are warming to the Labour leader.

Unlikely as it may seem, he is now seen as the lesser of two evils by analysts at Citibank and Deutsche Bank, respectively American and German titans of the financial system.

01.09.2019 - 08:24 [ WSWS.org ]

German Socialist Equality Party answers legal document from Verfassungsschutz Secret Service

Germany’s Verfassungsschutz Secret Service was abusing its “constitutional role in a legally impermissible manner” when it “stigmatises criticism of the capitalist system and the advocacy of its overcoming as ‘anti-constitutional’,” declared a legal brief submitted to the Berlin District Court by the German Socialist Equality Party (SGP) on 30 July.

In January this year, the SGP launched a lawsuit against its labelling by the Verfassungsschutz, in its public Report 2017, as “left-wing extremist” and an “object of observation.” The Federal Interior Ministry, which oversees the work of the Verfassungsschutz, responded with a detailed legal brief on 15 May. In it, the ministry declared “the advocacy of a democratic, egalitarian and socialist society,” the “agitation against so-called ‘imperialism’ and ‘militarism’,” and “thinking in class categories” to be unconstitutional.

The WSWS has already reported in detail on the SGP’s appeal and the Interior Ministry’s response.

27.08.2019 - 01:23 [ Boston Globe ]

Joe Kennedy kept his head down for his first couple terms in Congress. Then Trump became president

(25.08.2019)

The vision he offered was of a capitalism that would be judged, he said, “not just by how much it produces, but how widely it shares; how good it does for how many; and how well it takes care of all of us.”

The speech amounted to an effort to guide his party toward a vision for how to tackle one of the most salient issues facing the country: the growing divide between the very rich and everyone else.

24.08.2019 - 15:40 [ Spiked ]

The strangling of European democracy: The EU is the high point of an anti-democratic project that has been brewing for a hundred years.

So, while the EU might well be the apogee of constrained democracy, constrained democracy has many facets. Moreover, the model of constrained democracy existed on a national level before the EU was created. Indeed, the EU can be seen as the grotesque extension of a flawed system that was first developed within nation states after the First World War. For instance, the model of independent central banking was pioneered in Germany before being transposed to the EU much later on.

24.08.2019 - 09:29 [ New York Times ]

How David Koch and His Brother Shaped American Politics

The billionaire, who died Friday, understood the power of changing ‘hearts and minds.’ He spent almost unlimited money on behalf of limited government.

24.08.2019 - 08:58 [ New York Times ]

David Koch, Billionaire Who Fueled Right-Wing Movement, Dies at 79

Since the 1970s, the Kochs have spent at least $100 million — some estimates put it at much more — to transform a fringe movement into a formidable political force aimed at moving America to the far right by influencing the outcome of elections, undoing limits on campaign contributions and promoting conservative candidacies, think tanks and policies.