May 16, 2012
Since the 1970s, wealth has become increasingly concentrated in the hands of the financial sector [EPA] Cambridge, MA - The Occupy movement has been an extremely exciting development. Unprecedented, in fact. There’s never been anything like it that I can think of. If the bonds and associations it has established can be sustained through a long, [...]
Tags: BarackObama, Congress of Industrial Organizations, Economy of the United States, Great Depression, History of the United States, Noam Chomsky, Occupy, Plutocracy, Robert Brenner, United State, Working class
Posted in Chomsky | No Comments »
May 6, 2012
The Stall Has Arrived Sunday, 06 May 2012 12:45By Robert Reich, Robert Reich’s Blog | Op-Ed The economy has stalled. Friday’s jobs report for April was even more disappointing than March. Employers added only 115,000 new jobs, down from March’s number (the Bureau of Labor Statistics revised the March number upward to [...]
Tags: Bureau of Labor Statistics, Economy of the United States, Labor Day, Late-2000s recession, report, Republicans, Robert Reich, United States
Posted in Uncategorized | No Comments »
January 13, 2012
Economists tend not to be very good at economics, not noticing the $8 trillion housing bubble [GALLO/GETTY] New York, NY - Financial journalists are supposed to be among the most educated and savvy about the economy. Many have either worked on Wall Street, or have advanced degrees in economics and business. Over the past few years, [...]
Tags: Dean Baker, Economy of the United States, Employment, FedEx, Financial Times, Obama, Robert Reich, Wall Street
Posted in Uncategorized | No Comments »
October 26, 2011
Without quick strategic action to restart the economy, the unemployment crisis will deepen [GALLO/GETTY] Judging from the skittishness of both markets and “consensus expectations”, the United States’ economic prospects are confusing. One day, the country is on the brink of a double-dip recession; the next, it is on the verge of a turbo-charged recovery, powered [...]
Tags: Al Jazeera, Boeing, Economy of the United States, Federal Reserve System, PIMCO, Project Syndicate, Steve Jobs, United States
Posted in Capital, Capital Project, Capitalism, Capitalism and debt | No Comments »
July 29, 2011
US economy slows down: world shares fell sharply in response. Photograph: Henny Ray Abrams/AP The US economy ground to a virtual halt in the first half of the year, with consumer spending at its weakest level in two years. The world’s largest economy grew by just 0.4% between January and June – half the pace of [...]
Tags: Ben Bernanke, Economy of the United States, Federal Reserve System, Goldman Sachs, Late-2000s recession, National Australia Bank, United States Department of Commerce, White House
Posted in Capital, Capital Project, Capitalism, Capitalism and debt | No Comments »
July 22, 2011
An Economy Destroyed By PAUL CRAIG ROBERTS Recently, the bond rating agencies that gave junk derivatives triple-A ratings threatened to downgrade US Treasury bonds if the White House and Congress did not reach a deficit reduction deal and debt ceiling increase. The downgrade threat is not credible, and neither is the default threat. Both are [...]
Tags: Economy of the United States, Federal Reserve System, George W. Bush, Goldman Sachs, Medicare, United State, United States public debt, United States Treasury security, Wall Street
Posted in US economy, US elections, US Foreign Policy, US Politics, US public opinion | No Comments »
July 3, 2011
Asian markets search for a new model consumer after the American economy tanked, which has yet to recover [Getty] Asia needs a new model consumer. A post-crisis generation of “zombie consumers” in the United States is likely to hobble growth in global consumption for years to come. And that means that export-led developing Asia now [...]
Tags: Asia, Chairman, Economy of the United States, GDP, Great Recession, Gross domestic product, Hypo Real Estate, Japan, Stephen S. Roach, United States
Posted in Capital, Capital Project, Capitalism, Capitalism and debt, Capitalism for Zombies, Carbon Tax, debate and discussion, Democracy, economic measures, Economics, Economy, elections, Elites, European, European Foreign Policy, Fascism, Food, Foreign Policy, Fossil fuel, G8, Global capitalism and imperialism, Global Food System, Human Rights, Imperial Project, Imperialism, India, Iran, Iraq, Ireland, Jordan, Libya, Manufacturing Consent, oil, oil and gas resources, UK, UK fascism, UK Foreign Policy, UK Monarchy, Ukraine, UN, US economy, US elections, US Foreign Policy, US Politics, US public opinion, USA, voodoo rhythm economics, War Crimes, War is a crime, War means war, War no reason needed, War on drugs, War on terror, Waterboarding, Wikileaks, Women abuse and targetting, Women and discrimination, Women and revolution, Women become tragerts, Women in the Middle East, Women's issues, Womens' views and action, Yemen | No Comments »
June 22, 2011
Ben Bernanke‘s press conference – as it happened Federal Reserve chairman Ben Bernanke blamed ‘headwinds’ for the feeble state of the US economy in a press conference Ben Bernanke takes questions on the state of the US economy. Photograph: Brendan Smialowski/Getty Images For only the second time, Federal Reserve chairman Ben Bernanke will take the microphone [...]
Tags: Ben Bernanke, Economy of the United States, Federal Open Market Committee, Federal Reserve System, Monetary policy, News conference, Unemployment, Washington DC
Posted in Economics, Economy, elections, Elites, Propaganda, Psycopaths, Uncategorized, US economy, US elections, US Foreign Policy, US Politics, US public opinion, US war crimes, USA, voodoo rhythm economics, War, War and economics | No Comments »
June 2, 2011
US economy may be sliding back towards recession, Wall Street fears Wall Street share sell-off is triggered by gloomy US jobs and industry figures Share92 Larry Elliott, economics editor guardian.co.uk, Wednesday 1 June 2011 23.56 BST Article history Poor data on US employment and industrial performance cast a pall over Wall Street. Photograph: Spencer [...]
Tags: Dow Jones Industrial Average, Economy of the United States, Federal Reserve Bank of Chicago, Federal Reserve System, Institute for Supply Management, Mike Riddell, United States, Wall Street
Posted in voodoo rhythm economics | No Comments »
May 8, 2011
In a recent video interview at the Real News site there is some very interesting information. The whole interview should be watched. You can do that at http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=6731. It starts with the news that S & P has said a few things about the US economy. The witch doctors of financial boogie fever have spoken But they seem to [...]
Tags: Australia, Ben Bernanke, Bernanke, Economy of the United States, Federal Reserve System, God, International Monetary Fund, Julia Gillard, MarketWatch, Singapore Exchange, Standard & Poor's, United States, Wayne Swan
Posted in Al Jazeera, Al Qaeda, Anarchism, Assange, Atomics Corporation, Atzmon, Austerity, Australia, Australia Politics, Australian complicity in US warmongering policies and war crimes, Australian economy, Australian Foreign Policy, Australian Politics, Bakunin, BBC, BP, Bradley Manning, Capital, Capital Project, Capitalism, Chomsky, CIA, Climate change, Commentators, D Room, Democracy, Democracy Now!, economic measures, Economics, Economy, Education, Emma Goldmann, Erdogan, Escobar, European, European Foreign Policy, Fascism, Fisk, Foreign Policy, Fox News, Galeano, Gillard, Goldstone, Hillary, IMF, Imperial Project, Imperialism, Indigenous Australians, Israel, Japan, Jason Ditz, Labor, Leon Panetta, Libya, MI 6, Military, Military madmen, Monbiot, oil, Parliament, Pentagon, people's protests, Pilger, police, Predator Drone, Propaganda, Protest, Protests, Racism, Ray McGovern, Rudd, Rudolf Rocker, Rupert Murdoch, Sabrosky, Stateless socialism, Sustainable fishing is an oxymoron, Swanson, The Fourth Reich, Timor, Tom Dispatch, torture, UN, Uri Avnery, US economy, US elections, US Foreign Policy, US Politics, US war crimes, USA, Video, War, War Crimes, War is a crime, Waterboarding, Wikileaks, Womens' views and action | No Comments »
We Keep Dancin’ To That Voodoo Rhythm
In a recent video interview at the Real News site there is some very interesting information. The whole interview should be watched. You can do that at http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=6731. It starts with the news that S & P has said a few things about the US economy. The witch doctors of financial boogie fever have spoken But they seem to [...]
Tags: Australia, Ben Bernanke, Bernanke, Economy of the United States, Federal Reserve System, God, International Monetary Fund, Julia Gillard, MarketWatch, Singapore Exchange, Standard & Poor's, United States, Wayne Swan
Posted in Al Jazeera, Al Qaeda, Anarchism, Assange, Atomics Corporation, Atzmon, Austerity, Australia, Australia Politics, Australian complicity in US warmongering policies and war crimes, Australian economy, Australian Foreign Policy, Australian Politics, Bakunin, BBC, BP, Bradley Manning, Capital, Capital Project, Capitalism, Chomsky, CIA, Climate change, Commentators, D Room, Democracy, Democracy Now!, economic measures, Economics, Economy, Education, Emma Goldmann, Erdogan, Escobar, European, European Foreign Policy, Fascism, Fisk, Foreign Policy, Fox News, Galeano, Gillard, Goldstone, Hillary, IMF, Imperial Project, Imperialism, Indigenous Australians, Israel, Japan, Jason Ditz, Labor, Leon Panetta, Libya, MI 6, Military, Military madmen, Monbiot, oil, Parliament, Pentagon, people's protests, Pilger, police, Predator Drone, Propaganda, Protest, Protests, Racism, Ray McGovern, Rudd, Rudolf Rocker, Rupert Murdoch, Sabrosky, Stateless socialism, Sustainable fishing is an oxymoron, Swanson, The Fourth Reich, Timor, Tom Dispatch, torture, UN, Uri Avnery, US economy, US elections, US Foreign Policy, US Politics, US war crimes, USA, Video, War, War Crimes, War is a crime, Waterboarding, Wikileaks, Womens' views and action | No Comments »