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The Debt Beneath
The Debt Beneath Debt is irrelevant and matters not. It’s different this time. That’s the message from politicians, markets and participants. Tax cuts pay for themselves (they do not), leverage doesn’t matter (it does) and the increased costs of servicing the debt as a result of rising rates will be offset by imaginary real wage […]
Russia Slams US “Attempts To Interfere” In Iran After Macron Warns Of “Conflict Of Extreme Brutality”
Russia Slams US “Attempts To Interfere” In Iran After Macron Warns Of “Conflict Of Extreme Brutality” Russia has joined China in calling for a policy of non-interference in Iran’s domestic affairs after a week of unrest has gripped multiple major cities and towns across the country in what started as protests over economic grievances, but […]
By Imperial Decree
By Imperial Decree A dangerous expansion of presidential power has gone virtually unnoticed. Trump’s supporters can’t believe their man’s primary motivation is acquiring power. Trump’s enemies, other than Senator Feinstein, can’t believe how good he is at it. Neither side will recognize the real danger until it’s too late. Legions of worrywarts fret that an […]
Giving War Too Many Chances
Giving War Too Many Chances As the new year begins, it is important for the U.S. to acknowledge its troubling history of global war-making, especially over the past two-decades, as Nicolas J.S. Davies delineates. I met John Lennon and Yoko Ono on Christmas Eve in 1969. I joined them and a small group of local […]
My Life as a New York Times Reporter in the Shadow of the War on Terror
My Life as a New York Times Reporter in the Shadow of the War on Terror I was sitting in the nearly empty restaurant of the Westin Hotel in Alexandria, Virginia, getting ready for a showdown with the federal government that I had been trying to avoid for more than seven years. The Obama administration […]
The WannaCry Cyberattack: What the Evidence Says and Why the Trump Administration Blames North Korea
The WannaCry Cyberattack: What the Evidence Says and Why the Trump Administration Blames North Korea Photo by Blogtrepreneur | CC BY 2.0 On December 19, in a Wall Street Journal editorial that drew much attention, Homeland Security Advisor Tom Bossert asserted that North Korea was “directly responsible” for the WannaCry cyberattack that struck more […]
A “Bomb Cyclone” Is Set To Detonate Off The East Coast
A “Bomb Cyclone” Is Set To Detonate Off The East Coast “This storm developing off the Southeast coast will meet the meteorological criteria of a “bomb” as it rapidly intensifies. The signal for a storm has been evident since last week, but as the track has been fine-tuned, impacts to the I-95 corridor are now […]
Russia’s Grip On European Gas Markets Is Tightening
Russia’s Grip On European Gas Markets Is Tightening Despite years of effort from the EU, Russia’s grip over natural gas supplies in Europe is tightening, not waning. Gazprom shipped 190 billion cubic meters of natural gas to Europe in 2017—a record high, according to Bloomberg. In 2018, that figure is expected to dip slightly to […]
Momentous Change in US Natural Gas, with Global Impact
Momentous Change in US Natural Gas, with Global Impact Even China is buying U.S. LNG. In 2017, the US became a net exporter of natural gas for the first time. It started small in February, when the US exported 1 billion cubic feet more than it imported. By October, the last month for which data from […]
U.S. Shale Can’t Offset Record-Low Oil Discoveries
U.S. Shale Can’t Offset Record-Low Oil Discoveries The U.S. shale resurgence has been one of the main themes in oil markets this year, while OPEC’s production cut deal to deplete the oil overhang and boost oil prices has been the other key development in 2017. U.S. shale production is expected to grow over the next […]
Behind Korea, Iran & Russia Tensions: The Lurking Financial War
Behind Korea, Iran & Russia Tensions: The Lurking Financial War What have the tensions between the US and North Korea, Iran and Russia in common? Answer: It is that they are components to a wider financial war. Russia and Iran (together with China) happen to be the three key players shaping a huge (almost half the […]
Who Are the Leading State Sponsors of Terrorism?
Who Are the Leading State Sponsors of Terrorism? As 2017 draws to a close, it is difficult to be optimistic about what will be coming in the new year. The American President, whose margin of victory was certainly based on his pledge to avoid unnecessary wars, has doubled down on Afghanistan, refuses to leave Syria […]
How Much Death and Destruction Awaits Us in 2018?
How Much Death and Destruction Awaits Us in 2018? The New Year is one full of economic, political, and war threats. Among the economic threats are stock, bond, and real estate markets artificially pumped up by years of central bank money creation and by false reports of full employment. It is an open question whether […]
Why Americans Will Never Agree on Oil Drilling in the Arctic National Wildlife Refuge
Why Americans Will Never Agree on Oil Drilling in the Arctic National Wildlife Refuge After decades of bitter struggle, the Arctic National Wildlife Refuge seems on the verge of being opened to the oil industry. The consensus tax bill Republicans recently passed retains this measure, which was added to gain the key vote of Alaska Sen. […]
