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‘Corruption’ as a Propaganda Weapon
‘Corruption’ as a Propaganda Weapon Exclusive: Mainstream U.S. journalism and propaganda are getting hard to tell apart, as with the flurry of “corruption” stories aimed at Russia’s Putin and other demonized foreign leaders, writes Robert Parry. Sadly, some important duties of journalism, such as applying evenhanded standards on human rights abuses and financial corruption, have been so corrupted […]
In 20 Words The ECB Explains The Business Model Of Every Central Bank
In 20 Words The ECB Explains The Business Model Of Every Central Bank There were two notable things about a report released by the ECB this morning as part of its Occasional Paper Series titled “Profit distribution and loss coverage rules for central banks“, which purportedly analyzes “how profit distribution rules can affect the amounts distributed […]
Advantage U.S. In The Global Petroleum Showdown?
Advantage U.S. In The Global Petroleum Showdown? Is the crude stock data in the EIA’s Weekly Petroleum Status Report (Table 1 in the report) a useful tool for judging the prospects for the U.S. petroleum industry— and therefore for the global petroleum industry—or is it misleading? With few interruptions, U.S. crude stocks increased steadily during 2015 and […]
Unlimited Propagandistic Lying from CNN
Unlimited Propagandistic Lying from CNN On Saturday April 2nd, CNN headlined, “U.S. F-15s Deployed to Iceland,” and Zachary Cohen opened: Demonstrating its commitment to a ‘free’ and ‘secure’ Europe, the United States deployed 12 F-15C Eagles and approximately 350 airmen to Iceland and the Netherlands on Friday, the Air Force announced. U.S. aircraft units from the 131st Fighter Squadron at […]
Xi warns Obama against threatening China’s sovereignty & national interests
Xi warns Obama against threatening China’s sovereignty & national interests US President Barack Obama(not shown) and China’s President Xi Jinping take part in a bilateral meeting on the sidelines of the Nuclear Security Summit at the Walter E. Washington Convention Center on March 31, 2016 in Washington, DC. © Mandel Ngan / AFP China has warned […]
The Other Problem with Debt No One is Talking About
The Other Problem with Debt No One is Talking About Faux Growth Recovery Nearly 7 years have elapsed since the official end of the Great Recession. By now it’s painfully obvious the rising tide of economic recovery has failed to lift all boats. In fact, many boats bottomed out on the rocks in early 2009 […]
US States Team Up to Nail Big Oil for Climate ‘Fraud’
US States Team Up to Nail Big Oil for Climate ‘Fraud’ Legal experts say oil companies could face billions of dollars in liabilities. New York Attorney General Eric Schneiderman a press event Tuesday to announce a multi-state legal probe into climate denial. At left is former US vice president Al Gore. Photo provided by the […]
U.S. Troops on Russia’s Borders
U.S. Troops on Russia’s Borders Official Washington’s hype about “Russian aggression” has cloaked a U.S. military buildup on Russia’s borders, possibly increasing risks of escalation and even world war, explains ex-CIA analyst Paul R. Pillar. U.S. military deployments to Eastern Europe are being ramped up. The latest word as reported by the Wall Street Journal is that regular rotation of […]
This is how World War III starts—it will be financial
This is how World War III starts—it will be financial In his History of the Peloponnesian War, ancient Greek historian Thucydides told us the tale of a dominant regional power (Sparta) that felt threatened by the rise of a competing power (Athens). Sparta felt so threatened, in fact, that all the moves they made to keep […]
US shale oil peak in 2015
US shale oil peak in 2015 The recent EIA drilling productivity reports show a peaking of shale oil production in the main production regions. https://www.eia.gov/petroleum/drilling/ Fig 1: Bakken production change from old/new wells The 1st panel shows that the number of drilling rigs has dropped sharply but the initial well production per rig has increased from […]
Fracking Contaminates Groundwater: Stanford Study
Fracking Contaminates Groundwater: Stanford Study Another scientific report finds evidence of industry’s impact on public resource. Drilling photo via Shutterstock. Another scientific study has confirmed that fracking, the controversial technology that blasts apart low-grade rocks containing molecules of hydrocarbons, can contaminate groundwater. “We have, for the first time, demonstrated impact to Underground Sources of Drinking Water (USDW) as […]
Is A Gas War Between The U.S. And Canada About To Start?
Is A Gas War Between The U.S. And Canada About To Start? The United States and Canada work well together. The countries share the world’s largest and most comprehensive trade relationship, exchanging more than $2 billion per day in goods and services; the U.S. is Canada’s largest foreign investor and Canada is the third-largest foreign investor in […]
Always Attack the Wrong Country
Always Attack the Wrong Country Chor Boogie There are numerous tactics available to those who aim to make problems worse while pretending to solve them, but misdirection is always a favorite. The reason to want to make problems worse is that problems are profitable—for someone. And the reason to pretend to be solving them is […]
All is Not Well
All is Not Well The 1987 stock market crash raised concerns for the dangers associated with mounting U.S. “twin deficits.” Fiscal and trade deficits were reflective of poor economic management. Credit excesses – certainly including excessive government borrowings – were stimulating demand that was reflected in expanding U.S. trade and Current Account Deficits. Concerns dissipated […]
Energy policy and uninformed opinion
Energy policy and uninformed opinion Famed economist John Kenneth Galbraith used to respond to questions about the direction of the economy and financial markets by saying: “I answer because I’m asked not because I know.” Such is also the case with poorly informed members of the public whose views pollsters seek on every conceivable topic […]
