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Propaganda, Confrontation and Profit
Propaganda, Confrontation and Profit The waves, the artificial tides of anti-Russian propaganda continue to beat upon the ears and eyes of Western citizens, spurred by Washington politicians and bureaucrats whose motives vary from deviously duplicitous to blatantly commercial. It is no coincidence that there has been vastly increased expenditure on US weaponry by Eastern European […]
US Companies Are More Indebted, More Leveraged, Less Profitable, And More Richly Valued Than Ever
US Companies Are More Indebted, More Leveraged, Less Profitable, And More Richly Valued Than Ever Via MauldinEconomics.com, Once again I start with a warning: A recession is eventually coming and a financial crisis with it. There is a real potential for it to come soon, although serious tax reform could delay it. But sooner or […]
Heal the Planet for Profit
Heal the Planet for Profit Parisians duck down to evade German sniper fire following Nazi surrender of Paris, 1945If you ever wondered what the odds are of mankind surviving, let alone ‘defeating’, climate change, look no further than the essay the Guardian published this week, written by Michael Bloomberg and Mark Carney. It proves beyond a […]
QE/ZIRP Is Crushing the Global Supply Chain, Product Quality and Profits
QE/ZIRP Is Crushing the Global Supply Chain, Product Quality and Profits We will soon wish we were allowed an honest business cycle recession once the current overcapacity implodes the global economy. We all know the quality of many globally sourced products has nosedived in the past few years. I addressed this in Inflation Hidden in Plain Sight (August […]
Recycling Societies for Power and Profit
Recycling Societies for Power and Profit The Cruel Fate of the Pawns of Empire A curious diplomatic spectacle is playing out, as the imperial senate tussles over how hot to make it for the Saudis, and how close to hold the vassal sheikhs’ feet to the fire. Once again we are shown how weak and […]
Profits for the Economic Club: How US Military Spending Benefits the Few
Profits for the Economic Club: How US Military Spending Benefits the Few In his January 2016 State of the Union Address, President Obama smugly declared that “We spend more on our military than the next eight nations combined,” which was a startling and repulsive boast. What is less surprising is the Pentagon’s decision to refocus military spending, […]
Coal Mining’s Financial Failures: Two Thirds of World’s Production Now Unprofitable
Coal Mining’s Financial Failures: Two Thirds of World’s Production Now Unprofitable Sixty-five percent of the world’s coal production is unprofitable at today’s prices, a new research report by Wood Mackenzie, a commercial intelligence company often cited by investment analysts and the coal industry itself, concluded. Both major types of coal — the coking coal used for […]
Con 21
Con 21 Nickolay Lamm Jefferson Memorial under 25 feet of water French Foreign Minister Laurent Fabius just announced, in Paris, a “legally binding agreement” that no-one has agreed the financing for. We can hear a couple thousand lawyers across the globe snicker. But it’s all the COP21 ‘oh-so-important’ climate conference managed to come up with. No surprises […]
Food Sovereignty: This is What Anarchy Looks Like
Food Sovereignty: This is What Anarchy Looks Like “This is what democracy looks like” goes the popular protest chant. However, it’s not democracy that captures the imagination, provides answers, and drives today’s resistance movement. Something much more interesting has been taking place during protests, forums and intentional communities. In his book The New Left the anthropologist David […]
Corporation vs. Nation: The Ultimate Showdown
Corporation vs. Nation: The Ultimate Showdown A secluded private courthouse in Washington DC is currently the scene of a gargantuan legal battle that could have serious ramifications for all of us. Yet virtually nobody knows about it. On one side of the battle is the tiny, poverty-crippled Central American nation of El Salvador; on the […]
Nestle Pays Only $524 to Extract 27,000,000 Gallons of California Drinking Water
Nestle Pays Only $524 to Extract 27,000,000 Gallons of California Drinking Water Los Angeles, CA — Nestle has found itself more and more frequently in the glare of the California drought-shame spotlight than it would arguably care to be — though not frequently enough, apparently, for the megacorporation to have spontaneously sprouted a conscience. Drought-shaming worked sufficiently enough for […]
Cincinnati’s experiment with an economy that works for everyone
With the 2016 presidential campaigns underway, economic populism has taken center stage. Bernie Sanders, calling for a $1 trillion investment in a sustainable infrastructure jobs program along with publically funded health care and college education, has forced Hillary Clinton to offer vague support for similar measures, while even some Republican candidates, like Marco Rubio, have asserted the need to stop the “fall […]
Farming: A Not-For-Profit Enterprise?
Farming: A Not-For-Profit Enterprise? I am just musing now, as in a-muse, not advocating and criticizing. What if the economics of money profit and loss, under capitalism, or socialism, or a monarchy or any other system, doesn’t really work for farming. Maybe growing food is supposed to be a not-for-profit enterprise, a part of our […]
Free Trade Deals Put Profits Over Public Interest
Free Trade Deals Put Profits Over Public Interest ‘Poison pill’ strategy ties hands of future governments. Opponents of so-called free trade deals have always struggled with the question of why these international treaties don’t generate more alarm and vocal opposition from Canadians. These treaties, after all, trump all other Canadian authority to make laws — […]
U.S. Households Under Pressure: Stagnant Incomes, Rising Basic Expenses
U.S. Households Under Pressure: Stagnant Incomes, Rising Basic Expenses How do you support a consumer economy with stagnant incomes for the bottom 90%, rising basic expenses and crashing employment for males ages 25-54? Answer: you don’t. Frequent contributor B.C. passed along a sobering set of charts that provide context for How The Average U.S. Consumer Spends […]
