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March 13th, 2023: I saw a movie the other night and it wasn't a stinke  The mainstream media has failed to hold the Liberal Party to account for inciting the Robodebt scheme that ruined the lives of thousands. read now...Ukraine is a pawn for militarists intent on degrading Russia and ultimately China in a self-defeating quest to ensure U.S. global hegemony. The end of this war, like most proxy wars, will be ugly. The post Chris Hedges: Ukraine’s Death by Proxy appeared first on scheerpost.com. Last Friday (March 10, 2023), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – February 2023 – which revealed a slight dip in the number of net payroll jobs created and a slight increase in the unemployment rate. It is too early to say whether this marks a turning point in the US labour market after several months of interest rate increases. We will know more about that next month. January’s result was very strong, so a slight dip on that is no cause for concern. Most of the aggregates are steady and in terms of the pre-pandemic period, February’s net employment change was still relatively strong. William Mitchell — Modern Monetary Theory
US labour market slows a bit but no sign of a major contraction yet Last Friday (March 10, 2023), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – February 2023 – which revealed a slight dip in the number of net payroll jobs created and a slight increase in the unemployment rate. It is too early to say whether this…
 Possessing few strategic targets for a northern hemisphere conflict, Australia would only suffer the after-effects of a nuclear war. read now...The 40 workers at one of Visy’s can-making factories, in Shepparton, Victoria, are planning to walk out for four days after today's Labour Day public holiday, bringing their strike days this year to 17. The post Visy workers can lousy wage offer appeared first on Solidarity Online. With the FDIC auction underway, the Silicon Valley Bank Crisis may either be over or raging uncontrollably when you read this. I lean towards the scenario of excitement winding down, but at the same time, I know literally nothing about the quality of SVB’s asset book. Rather than speculate, I just want to point out what I see as key: credit market conditions (including wholesale funding) are the only thing the Fed really cares about. Even if one worries about other large regional banks, credit investors — and existing lending facilities for banks, like the discount window and FHLB advances — can pump money into the back door of a solvent bank faster than a bunch of people who read stuff on Twitter can withdraw it out the front....Bond Economics With the FDIC auction underway, the Silicon Valley Bank Crisis may either be over or raging uncontrollably when you read this Brian Romanchuk What fresh hell is this? Is there even one political scandal of the past few years that Steve Bannon isn’t in the middle of? Jeffrey Epstein said in an unaired interview that he distanced himself from former President Donald Trump after realizing Trump was “a crook,” according to his brother, Mark Epstein. Mark Epstein told Insider he viewed a clip of the interview, conducted by Trump’s former White House advisor Steve Bannon, after his brother forwarded it to him in the spring of 2019. At the time, Bannon was conducting filmed interviews with the now-dead pedophile financier. Bannon sent Jeffrey Epstein a Dropbox link to a clip, which he forwarded to his brother. The link is no longer active, according to Mark. “Jeffrey showed me the link to one of these interviews,” Mark Epstein said. “And in that interview, Jeffrey said he stopped hanging out with Trump when he realized Trump was a crook.” Insider has not been able to independently view the video. Bannon could not be reached for comment.
Months before Silicon Valley Bank collapsed, its D.C. advocacy groups said the FDIC initiative “would unduly burden banks.”
Interim NSW Premier Dominic Perrotet has centered his campaign launch around the promise to give every NSW Child $400 to be matched by their parents in vouchewrs to be used at a NSW Pokies venue when they turn 18. ”What... Read More ›
Support my work via Patreon The collapses of Silvergate and Silicon Valley Bank are like icebergs calving off from the Antarctic glacier. The financial analogy to the global warming causing this collapse is the rising temperature of interest rates, which spiked last Thursday and Friday to close at 4.60 percent for the U.S. Treasury’s two-year Continue Reading The post Why the Banking System is Breaking Up first appeared on Michael Hudson.Another Big Lie What an ass. I was reminded of this piece when I heard that Melania was actually the one who persuaded Trump to be seen with that dog. I know it’s the least of his problems, but his hatred for animals said everything about him: When Abu Bakr al-Baghdadi died following a raid by American special forces in his Syrian bolthole, Donald Trump was delighted to report, in October, that the Islamic State leader had “died like a dog”. You mean enfolded by love and grief, Mr President? You mean surrounded by human beings who feel like they have just had their hearts ripped out? Not quite. If anyone was in any doubt about how a dog dies, Trump was happy to elaborate: al-Baghdadi had “whimpered, cried and screamed like a coward”, he chortled. “[He] spent his last moments in utter fear, in total panic and dread!” But that is not how a dog dies, Mr President. There are almost 90 million dogs in the United States and all of their owners will have winced to hear their president gloating about how a dog slips this mortal coil.
 The latest court documents provide damning proof of News Corp’s intentional malice and mendacity. read now...By David DeCamp / Antiwar.com The US Navy wants a full-service submarine hub in Australia that can oversee all underwater activity in the Asia Pacific, including production and repairs, Defense News reported Thursday. The report cited comments from Navy Secretary Carlos del Toro, whose vision will be possible under AUKUS, the military pact signed between the US, […] The post US Navy Wants to Turn Australia Into a Full-Service Submarine Hub appeared first on scheerpost.com. My long-dead father used to say, “Every human being deserves to taste a piece of cake.” Though at the time his words meant little to me, as I grew older I realized both what they meant, symbolically speaking, and the grim reality they disguised so charmingly. That saying of his arose from a basic reality of our lives then — the eternal scarcity of food in our household, just as in so many other homes in New York City’s South Bronx where I grew up. This was during the 1940s and 1950s, but hunger still haunts millions of American households more than three-quarters of a century later. In our South Bronx apartment, given the lack of food, there was no... Read more Source: Empty Tables appeared first on TomDispatch.com. Don't let cruelty win. Rush support to protect migrant rights. The post The Rights of Asylum-Seekers are Under Attack by Biden Administration appeared first on scheerpost.com. The collapse of Silicon Valley Bank has many parents. Twitter is alight with fingers pointing at venture capitalists for starting a run against a bank whose many wealthy customers had deposits far in excess of the maximum that is guaranteed in the event of a bank failure ($250,000). Michael Hudson blames the aftermath of the … Continue reading "Silicon Valley Bank: The Fed’s Role in its Downfall"
A peer-reviewed paper initially approved and praised by a prestigious academic journal was suddenly rescinded without explanation. Its author, one of the world’s top scholars on Ukraine-related issues, had marshaled overwhelming evidence to conclude Maidan protesters were killed by pro-coup snipers. The massacre by snipers of anti-government activists and police officers in Kiev’s Maidan Square in late February 2014 was a defining moment in the US-orchestrated overthrow of Ukraine’s elected government. The death of 70 protesters triggered an avalanche of […] The post ‘Rigorous’ Maidan massacre exposé suppressed by top academic journal appeared first on The Grayzone. Pence fully breaks with Trump on J6 Pence is cruisin’ for a bruisin’: Former Vice President Mike Pence on Saturday harshly criticized former President Donald Trump for his role in the Jan. 6 riot at the U.S. Capitol, widening the rift between the two men as they prepare to battle over the Republican nomination in next year’s election. “President Trump was wrong,” Pence said during remarks at the annual white-tie Gridiron Dinner attended by politicians and journalists. “I had no right to overturn the election. And his reckless words endangered my family and everyone at the Capitol that day, and I know history will hold Donald Trump accountable.” Pence’s remarks were the sharpest condemnation yet from the once-loyal lieutenant who has often shied away from confronting his former boss. Trump has already declared his candidacy. Pence has not, but he’s been laying the groundwork to run. In the days leading up to Jan. 6, 2021, Trump pressured Pence to overturn President Joe Biden’s election victory as he presided over the ceremonial certification of the results.
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