On Contact: Global Economic Machine December 6, 2020 On Contact: Global Economic Machine2020-12-062020-12-06https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/12/oncontact.png200px200px On the show this week, Chris Hedges talks to Fabian Scheidler about how the global economic machine came to dominate our lives, and with looming social upheavals caused by predatory capitalism, what can be done to blunt its destructive power. Fabian Scheidler is author of The End of the Megamachine: A Brief History […]
Economic
77 posts
The death of Bollywood actor Sushant Singh Rajput has been judged suspicious, prompting one of the biggest investigations in the Hindi film industry. The 34-year-old Bollywood star was found dead in his Mumbai flat on 14 June. The actor’s death led to a massive uproar, with the case being probed by three major agencies. A money laundering probe in Sushant Singh Rajput’s death case has led […]
The Nobel Prize gold medal during manufacture at the Swedish Mint. Each laureate receives the medal, which has the likeness of Alfred Nobel on its face. Markus Marcetic/Courtesy of Myntverket (Swedish Mint) hide caption toggle caption Markus Marcetic/Courtesy of Myntverket (Swedish Mint) The 2020 Nobel Memorial Prize in Economic Sciences was awarded to Paul Milgrom and Robert Wilson, both of Stanford University. The prize citation says […]
Why America’s Economic War On China Is Failing By Vijay Prashad and John Ross, Globetrotter. October 9, 2020 Why America’s Economic War On China Is Failing2020-10-092020-10-09https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/10/chinaus.png200px200px Above photo: From Industry Week. U.S. President Donald Trump—supported by most of the U.S. establishment—deepened the U.S. government’s assault on the Chinese economy. The “trade war” seemed to play well with Trump’s political base, who somehow hoped that an economic […]
Since the outbreak of the COVID-19 pandemic India’s apex bank, the Reserve Bank of India, has infused liquidity worth $125 billion into the economy to stabilise financial markets. Central banks the world over have pumped $9 trillion into the global economy amid the pandemic. India’s apex bank RBI on Friday said the country’s economic growth, measured as Gross Domestic Product (GDP), is likely to contract […]
Spain Unveils Economic Recovery Plan Amid Pandemic By Barry Hatton, AP News. October 8, 2020 Spain Unveils Economic Recovery Plan Amid Pandemic2020-10-082020-10-08https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/10/spain-scaled-e1602178818661.jpeg200px200px Above photo: Paul White/AP. NOTE: The details of the plan matter but it is a positive sign to see money being invested in a green economy. – MF Spain’s prime minister unveiled a major plan Wednesday to boost his country out of recession by […]
The next time you’re in the presence of someone who tries to tell you that Donald Trump is a political genius, I’d like you to grab the nearest copy of Men’s Hairstyles magazine and whack them upside the head. Maybe not too many people are saying that these days, as he’s clearly in the early stages of a ’roid-driven meltdown. But people have remarked many times […]
Despite retaining India’s credit rating at the lowest investment grade, ratings agency S&P Global warned that the Asian economy will face mounting deficit and debt levels in fiscal 2021 in the aftermath of the coronavirus crisis. In its forecast released earlier this week, S&P said it expects India’s debt-to-GDP ratio (the debt levels compared to gross domestic product) to surge over 17 percent from the previous […]
The founder and lead market strategist at NorthmanTrader explains how the Fed has boxed itself in and why our fundamental economic capacity fails to grow. Sven Henrich is the outspoken founder and lead market strategist at NorthmanTrader. Well known for his appearances on CNBC, CNN Business and MarketWatch, Sven is also the host of the Straight Talk podcast. In this conversation, he and NLW discuss: Source […]
Despite India being an important partner for the United States geopolitically, a bilateral free trade agreement (FTA) is unlikely to be reached soon regardless of who wins the upcoming US presidential election. That’s according to Todd Buchholz, who served as the director of economic policy at the White House under President George H.W. Bush. He said as cited by the Economic Times that both US President […]
Work to begin soon on linking Iran power grid to Russia, Azerbaijan: Report …from PresssTV, Tehran [ Editor’s Note: I had known that Iran has been investing in electric generation, in what seemed far in excess of its projected domestic needs as a way to use its huge gas deposits to earn foreign revenue with long term electric exports. Despite the hostile Arab governments west of […]
Treasury Secretary Steven Mnuchin was optimistic about the economic rebound from the COVID-19-nduced slump. But Federal Reserve Chairman Jerome H. Powell credited the $2.2 trillion stimulus passed in March for the recovery, and warned things could get worse without a second package. US Treasury Secretary Steven Mnuchin has held out hope for a Congressional compromise on a second COVID-19 pandemic stimulus package. Speaking before the House Financial […]
Britain is holding another Black Pound Day, when consumers are encouraged to buy from black-owned businesses. RT learns more about the idea from the people behind it. Saturday marks the UK’s third Black Pound Day. It’s a grassroots campaign to encourage the public to give their custom to black-owned businesses for 24 hours. It falls on the first Saturday of every month and is the brainchild […]
One of the best-known macro analysts breaks down last week’s Jerome Powell speech and whether it truly represents a new policy era for the Federal Reserve. Our main conversation is with Luke Gromen, founder of the Forest for the Trees consulting firm. In this conversation, we discuss: Source link
The University of Alabama in Tuscaloosa makes up a sizeable portion of the city’s population of roughly 100,000. Mayor Walt Maddox says losing an entire semester of school would be “economically disastrous for our community.” Wesley Hitt/Getty Images hide caption toggle caption Wesley Hitt/Getty Images The University of Alabama in Tuscaloosa makes up a sizeable portion of the city’s population of roughly 100,000. Mayor Walt Maddox […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/middleeast/202008291080311516-uae-orders-cancellation-of-economic-boycott-against-israel-reports-say/ Tel Aviv and Abu Dhabi announced their plans to normalise their ties earlier this month, with the United Arab Emirates becoming the first Gulf state to establish relations with Israel. United Arab Emirates President Khalifa bin Zayed Al Nahyan has issued a decree allowing financial and commercial deals with Israel to be struck, the Emirates News Agency reported on […]
The greatest economic recovery in US and world history continues. The S&P 500 hit a new all-time high today after the President showcased his list of great accomplishments this past week. The stock markets have increased faster since March than any time in history. The previous record was between President Trump’s election win and February of this year. Today the S&P 500 hit another all-time high […]
Reforms Are Won When Social Movements Inflict Real Costs On The Economic Elite By Justin Vassallo, Truthout. August 24, 2020 Reforms Are Won When Social Movements Inflict Real Costs On The Economic Elite2020-08-242020-08-24https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/you-have-the-power-to-be-the-change-e1577647608266.jpg200px200px There’s a tendency in US progressive politics to focus on rehabilitating capitalism for working people. Elizabeth Warren’s campaign for president had the patina of an “anti-corruption” crusade, giving a populist spin to technocratic fixes that […]
The greatest economic recovery in US and world history continues. The S&P 500 hit a new all-time high today after great news on housing and manufacturing data. The stock markets have increased faster since March than any time in history. The previous record was between President Trump’s election win and February of this year. Forbes reports: Stocks finished higher on Friday, with the S&P 500 hitting […]
Trump Scuttles Economic Stimulus Negotiations By Jack Rasmus, Popular Resistance. August 8, 2020 Trump Scuttles Economic Stimulus Negotiations2020-08-082020-08-08https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/08/covidtalks-e1596890242609.jpg200px200px Above photo: Treasury Secretary Steven Mnuchin, center, and President Donald Trump’s Chief of Staff Mark Meadows, second from right, leave following a meeting with House Speaker Nancy Pelosi of Calif. and Senate Minority Leader Sen. Chuck Schumer of N.Y. as they continue to negotiate a coronavirus relief package on […]
After suffering its worst monthly fall in about a decade, the US currency has started August with a bounce. However, analysts predict further weakness in the greenback. “We expect the currency to be undermined by an ebbing of safe-haven flows, a reduction in the US rate advantage, and political uncertainty ahead of the November presidential election,” UBS analysts wrote last week. The ICE US Dollar Index, which […]
US GDP Collapses And Economic Rebound Fades August 4, 2020 US GDP Collapses And Economic Rebound Fades2020-08-042020-08-04https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/08/landt-e1596569763396.jpg200px200px Above photo: The Boston Lord & Taylor store placed Store Closing Sale signs in its windows as it declares bankruptcy. Michael Lisicky/JDB. This past week US economy collapsed in the 2nd quarter by 32.9% at annual rate and nearly 10% just for the April-June period. Never before in modern US […]
Racial And Ethnic Economic Inequality And The COVID-19 Pandemic By Thomas Hanna, Democracy Collaborative. August 4, 2020 Racial And Ethnic Economic Inequality And The COVID-19 Pandemic2020-08-042020-08-04https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/08/16x9_m-1.jpg200px200px Above photo: People wait in line for masks and food in Harlem in New York City in April. Bebeto Matthews/The Associated Press. The Democracy Collaborative prepared a report, created for the Healthcare Anchor Network, that looked at how racial and ethnic […]
A recap show on wealth inequality, stock markets and taking it back featuring Jill Carlson, Michael Krieger, Daniel Lacalle, George Gammon and more. Despite a huge variety of perspectives and experiences, one theme shown through in Breakdown conversations in July: the disparity between the stock market and the real economy and a growing unwillingness of people to accept their place in the order. This show features […]
Well, this is a no-brainer.President Donald Trump SURGED past Sleepy Joe in the latest monthly Democracy Institute/ Sunday Express poll on the economy.Trump polls at 48% and Joe Biden polls at 46% in their latest monthly poll. More importantly President Trump leads Joe Biden 48 percent to 43 percent in the swing states Florida, Iowa, Michigan, Minnesota, Pennsylvania and Wisconsin. ** President Trump presided over the […]
Relations between the United States and the Islamic Republic of Iran have become increasingly strained in recent years, following the 2018 withdrawal by the Trump administration from the 2015 joint agreement pledging a peaceful development of nuclear power. Iran’s Foreign Ministry said in a Sunday statement that it would introduce targeted sanctions on a member of the US-based Foundation for Defense of Democracies (FDD), as relations […]
From the size of a second round of stimulus to COVID-19 litigation to reshoring, last week previewed some key issues for the months to come. On this week’s edition of The Breakdown Weekly Recap, NLW argues the big story of the week was actually a set of smaller stories that preview the faultlines and economic debates likely to absorb us in the coming months. Disclosure The […]
The French economy contracted by a record 13.8 percent in the second quarter, data from the national statistics agency INSEE has revealed, highlighting the cost of coronavirus lockdowns. The historic decline marked a third consecutive quarter of negative growth in a worsening recession. France’s economy started shrinking in the last quarter of 2019, before the coronavirus pandemic hit Europe with full force. It continued to retreat […]
After a two-day closed-door meeting this week, the Federal Reserve issued a six-paragraph statement on Wednesday and held an hour-long press conference. None of that was news, of course, and neither was anything else emanating from the U.S. central bank, which announced no policy changes. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most […]
Imperialist Economic War Costs US Almost $200 Billion By Pasqualina Curcio, People’s Voice. July 29, 2020 Imperialist Economic War Costs US Almost $200 Billion2020-07-292020-07-29https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/07/venezuela-defend-the-homeland-indestructible-e1596040182366.jpg200px200px Above photo: Venezuela Defend the Homeland, Indestructible, from Peoples World. Quantifying each and every one of the effects of the war that imperialism has declared on the Venezuelan people is impossible. The attacks that Venezuelans have experienced since 1999 have not only been […]
White House economic adviser Larry Kudlow has said that more stimulus checks are coming, along with an extension of the current eviction moratorium. However, he was slammed for claiming that all is well with the US economy. The $1 trillion bill will include another round of stimulus checks – to the tune of $1,200 per person, Kudlow told CNN on Sunday. In addition, the relief bill […]
Suicide rates have spiked in Gaza since the outbreak of the pandemic which worsened an already unstable economic situation in the region. Suleiman Al Ajouri was just one of 35 young people who took their own lives in 2020 and a human rights activist says a future that curerntly offers few solutions is looking even bleaker. Gaza native Suleiman Al Ajouri was only 23 years old […]
The Breakdown Weekly Recap covers growing U.S.-China tensions, worsening job numbers and the next casual $1-$3 trillion in stimulus. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link