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By Patrick Lawrence / Original to ScheerPost News that Russia will suspend its participation in the New START nuclear arms pact, which arrived Tuesday via Vladimir Putin’s annual address to the Federal Assembly, had to land hard. This suspension is not a withdrawal, as various Western media reports initially described it, and it is temporary, […]
The post Patrick Lawrence: Russia Takes Another Step Back From the West appeared first on scheerpost.com.
- by Kristin Andrews & Jonathan Birch
By Ellen Brown / Original to ScheerPost Financial podcasts have been featuring ominous headlines lately along the lines of “Your Bank Can Legally Seize Your Money” and “Banks Can STEAL Your Money?! Here’s How!” The reference is to “bail-ins:” the provision under the 2010 Dodd-Frank Act allowing Systemically Important Financial Institutions (SIFIs, basically the biggest […]
The post What Will Happen When Banks Go Bust? Bank Runs, Bail-Ins and Systemic Risk appeared first on scheerpost.com.
China’s Foreign Ministry published a lengthy report condemning “US hegemony” and its crimes around the world, including wars with millions of victims, coups and “regime change” against elected leaders, and 400 foreign military interventions.
The post China Report Excoriates ‘US Hegemony’, War Crimes, CIA Coups 400 Foreign Interventions appeared first on scheerpost.com.
Global warming is accelerating faster than what our best minds are planning for, if indeed they’re planning at all.
Some workers have seen large changes in their wages over the past year. An analysis looks at who has experienced the most and the least nominal wage growth.
Estimates of the potential buying power of Black households show the broad-based benefits of greater racial income equity, an economist says.
From June to December last year, almost 3,000 UK workers hailing from sectors across the economy trialled a four-day week with no loss of pay, in the biggest pilot study worldwide to date. Results from the trial released this week speak to the transformational impact of shorter working hours on the lives of workers: less […]
The Federal government's unheard of profits on defaulted student loans confirms that the scheme is predatory. And defaults are set to rise.
Brexit fudged the question of the Irish border. The Tory "Ultras" that pushed for a hard Brexit are still loaded for bear on this matter.
Time for a career change!
We're all worried about AI.
The mainstream press is now seeing through the Reserve Bank of Australia’s behaviour, which I take as a sign of progress. For example, there was an article on the ABC News Site yesterday – Reserve Bank accused of ‘economic gaslighting’ as wages growth misses forecasts, again. I noted yesterday that the latest evidence contradicts the RBA’s claims that wages are growing too fast and provide it with a rationale for further interest rate increases, despite the inflation rate falling over the last several months, and real wages declining by more than has ever been recorded. Last week, the RBA Governor and his staff appeared before a parliamentary committee to justify thee rate hikes. We learn a lot from the session – none of it good. The basic conclusion is that the RBA thinks they can hoodwink our politicians into believing that their is a ‘technical authority’ based in statistics for their actions, when in fact, no such authority exists.William Mitchell — Modern Monetary Theory
RBA appeal to NAIRU authority is a fraud
“I’m not going to just blindly accept this level of convenience”
The mainstream press is now seeing through the Reserve Bank of Australia’s behaviour, which I take as a sign of progress. For example, there was an article on the ABC News Site yesterday – Reserve Bank accused of ‘economic gaslighting’ as wages growth misses forecasts, again. I noted yesterday that the latest evidence contradicts the…
I’m just going to leave that here for you to contemplate. He’s lying. We are not looking at insolvency. The shortfall we are facing is largely because of the big bulge of the baby boom coming on line. It is easily fixed if they will just do what’s necessary to lift the cap. Mike Pence will never be president. But he is speaking for Republicans, even if they’ve been admonished not to say it out loud as long as Dear Leader is still in charge. They will never stop believing that those programs must be destroyed. It’s fundamental Republican ideology.
Right-winger now backs Starmer and despatched by Starmer to veto left-wing candidates Labour right-winger and national executive (NEC) member Luke Akehurst has admitted on camera to being one of an unspecified number of people who spent Jeremy Corbyn’s leadership of the Labour party working ‘inside the party’ ‘trying to get rid’ of him: The clip […]