- by Fernanda Gallo
Reading
- by Christian Swann
Households carrying credit card balances tend to be middle income, but the ratio of credit card debt to income is highest among those who earn the least.
Brexit will cost British firms £7.5 billion a year in new costs, according to a new report, with hundreds of millions wasted on border facilities that were never used
The unsellability of DSGE models — private-sector firms do not pay lots of money to use DSGE models — is one strong argument against DSGE. But it is not the most damning critique of it. The most damning critiques that can be levelled against DSGE models are the following two: (1) DSGE models are unable to […]
When I met with John McDonnell on October 11, 2018 at his Embankment office block in London he was then the Shadow Chancellor. The theme of the meeting was dominated by the concerns (near hysteria) about the power of the City of London (the financial markets), expressed by his advisor, a younger Labour Party apparatchik…
You’ll notice at the end of that ridiculous rant he also complains that Biden says he’s a “threat to democracy” plaintively wailing “what did I do?” He says he had “no wars” which is a lie. He didn’t get out of Afghanistan as he promised and his drone war was lethal. He had American troops in war zones all over the world. But be that as it may, asking “what did I do?” to deserve being called a threat to democracy is a very stupid thing to say. He is the only president to have ever illegally tried to overturn an election so that he could stay in office and incite an insurrectionist mob to storm the Capitol and stop the peaceful transfer of power during a joint session of congress. Maybe his cult members in the NRA don’t believe that was a threat to democracy but it most assuredly was. I confess to feeling a little bit disoriented lately by the flagrant gaslighting we are suffering through in this election. It’s worse than ever and it’s hard to force yourself to pay attention to it. I can’t say I blame the average voter for tuning it out. A few more highlights from his NRA speech.
The Opposition’s leading proponent of numerology, Sussan Ley, is speculated to this week be considering mounting a challenge to leader Peter Dutton, following the weekends dire polling results for the Coalition. ”We thought with the media going to town and... Read More ›
Really? When the greatest crisis of his presidency hit — a global pandemic the likes of which hadn’t been seen in one hundred years — he failed miserably. How anyone can think this man should be back in the White House is mind boggling and once he is dispatched next November, this nation is going to have to undergo some very serious soul searching to figure out what has happened to it and what to do about it.
Consider Donald Trump to be in a racial bind when it comes to election 2024. After all, he needs Black voters to at least defect from Joe Biden in swing states, if not actually vote for him. Yet, more than ever, he also needs his white nationalist base to believe that a second Trump term will be even more racist than the first and he’s been openly claiming that he’ll address the ghost of anti-white racism. Not surprisingly, his evolving strategy for the Black vote has been high on empty symbolism and viral moments, but distinctly low on specific promised policy benefits for the Black community. Milkshakes and far-right policies are all the presumptive Republican presidential candidate has recently offered... Read more
Source: Black MAGA Is Still MAGA appeared first on TomDispatch.com.
Marjorie Taylor Greene and other MAGA leaders are demanding that Mike Johnson defind Jack Smith’s office. That’s ridiculous, of course but it’s good for fundraising, I guess. But Trump and his henchmen do have big plans for the DOJ and the FBI if they win in November: Trump, who has been indicted on dozens of criminal charges by the Justice Department, has vowed on the campaign trail to overhaul the agency if he wins the presidential election on Nov. 5 and pledged to use it to pursue his own opponents, including Democratic President Joe Biden. The plan is essentially twofold, according to the nine people interviewed by Reuters, some of whom requested anonymity to discuss internal deliberations. First: flood the Justice Department with stalwart conservatives unlikely to say “no” to controversial orders from the White House.
October of 2020: Granted, it was Rasmussen but still. By the way, the 2020 Black vote came in at 8% for Trump. Today Biden spoke at the Morehouse graduation. Everyone was worried there would be a massive protest or walkout. The Morehouse president had said that they were prepared to shut down the ceremony if such a thing happened (rather than call security or police) so everyone was on high alert. There were a couple of awkward moments but no huge protest. The valedictorian ended his address by calling for a ceasefire in Gaza and Biden applauded and then later endorsed in his speech.There was no mass protest but a handful of graduates turned their backs on him. His speech seemed to be well received. That doesn’t mean there isn’t a problem for Biden among young Black men. A lot of young working class men of all races and ethnicity are attracted to Trump. That’s a sad comment on our culture but it is what it is. And Gaza has animated the young beyond any other issue and many of them blame Biden for the war. But when it comes down to voting, there’s a good chance that this massive racial realignment some of the polls are suggesting is overblown.
Keeping silent, while a genocide is in full swing for all to see, is not good for social cohesion. These days any expression of grief over the genocide in Gaza is regarded as a threat to social cohesion. Any expression of moral clarity is labelled antisemitic. A large number of us are expected to keep silent and Continue reading »
The late historian Paul Schroeder offered insights into how to bring Russia into a collective security arrangement. With the death of scholar Paul Schroeder, international historians lost one of their most innovative and distinguished practitioners. Schroeder’s approach to the study of international relations was ideational: it is not power or interests alone that shapes the Continue reading »
When Labour Governments moved to protect native forest in the past – Hawke, Wran, Gallop, Kirner, Beattie, Carr – they knew that they were protecting irreplaceable natural values and resources. Even as late as the early 2000s however, the role of forests in climate change mitigation was little known. It was certainly not a matter Continue reading »
The Australia/Israel and Jewish Affairs Council (AIJAC) is a constant presence in Australia’s mainstream media. Its predominant role is to defend the state of Israel come hell or high water. Whenever someone appears in the media criticising Israel and/or supporting the Palestinian cause, AIJAC personnel pop up to set the reader straight. AIJAC complains about Continue reading »
For Australian-German author and journalist Antony Loewenstein, Gaza was rarely a place to fear as a Jew. Living and working in East Jerusalem, before the war, he was a visitor to the Palestinian enclave, enjoying its seafood, its culture, its hospitality, and its people. “I thought it was important as a Jew, to say to Continue reading »
Aged care and disability services bureaucratic elites seem increasingly to work in ways that are divorced from morality and common sense and removed from the everyday reality experienced by older people and their families. The modern Age of Reason was characterised by three pivotal events and the influential figures behind them. The Inquisition of the Continue reading »
Every element of Australia’s health system is in trouble. But you’d never know it from looking at this year’s budget. Every previous Labor government since the second world war had good reasons to boast of its performance in health policy. The Albanese government, on the evidence, does not. The 2024-25 budget leaves the nation’s crumbling Continue reading »
It is curious that though the Russia-Ukraine conflict is now in its third year, Australian audiences have been only given one side of the picture: that of Ukraine and its Western backers. The commercial outlets, no doubt, have their reasons for acting like Pravda would in Russia and toeing the line of the Australian government Continue reading »
How did the Vietnamese prevail at that world-historical moment? The answers shed light on the world we see outside our windows now. I had the most salutary email the other day, a reviving lift amid these, humanity’s darkest days, surely, in the memory of anyone living. It was from George Burchett, an Australian painter who Continue reading »
Week-end Wrap – Political Economy – May 19 2024
by Tony Wikrent
Strategic Political Economy
You Can’t Run Industrial Policy OR A War Economy Under Neoliberalism
Ian Welsh, May 13, 2024
