Economy

The lockdowns and the stimulus required to keep the economy alive helped drive inflation. Then the Fed jacked up interest rates. And all hell broke loose. On Friday March 10th, 2023, Silicon Valley Bank (SVB) died of Covid. Alright, it’s a little more complicated than that, but Covid lockdowns followed by massive government stimulus were a critical – and massively under-acknowledged – factor in propelling the bank’s demise. At the heart of the crisis is the gigantic pile of low-interest […]

The post How Covid lockdowns primed the current financial crisis appeared first on The Grayzone.

Rather than offering wages attractive to adults, there is an unconscionable push to bring back child labor.

The post Employers Want to Bring Child Labor to Some of the Most Dangerous Jobs in the Country appeared first on scheerpost.com.

The Bureau of Prisons proposal would automatically deduct three quarters of money sent to prisoners—today is the last day to submit a public comment opposing this measure.

The post New Federal Proposal Could Seize 75% of Commissary Funds Sent to Prisoners appeared first on scheerpost.com.

With the re-opening of China and with the ending of Covid restrictions, a new confidence seems to be surging through the country. While the next two years are seen to be a particularly dangerous time, with the real prospect of armed conflict with the US, beyond that it is felt that China’s time will have Continue reading »

By Ellen Brown / Original to ScheerPost On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in the country and its bankruptcy was the second largest in U.S. history, following Washington Mutual in 2008. Despite its size, SVB was not a “systemically […]

The post Ellen Brown: The Looming Quadrillion Dollar Derivatives Tsunami  appeared first on scheerpost.com.

Hopefully, behind the scenes, policymakers are well into postwar preparations for Ukraine. The conduct of the fighting naturally absorbs most attention in a war, but conflicts come to an end one way or another and often that’s when the hard issues emerge. Another Afghanistan or Iraq debacle must be avoided. This planning probably is taking Continue reading »

Three hundred years ago, Britain narrowly escaped a disaster. Trapped inside a bubble, they needed radical changes to escape. There are parallels to our world today, where the logic of failure is woven into the very fabric of civilisation. We too, are trapped inside a bubble, but one is of far greater significance. The question Continue reading »

Socialist Seattle City Council member Kshama Sawant is launching a national coalition called Workers Strike Back to fight for wages, universal healthcare, LGBTQ rights, a clean energy transition, and more.

The post The Chris Hedges Report: Kshama Sawant’s New ‘Workers Strike Back’ Coalition Will Fight for $25 Minimum Wage and More appeared first on scheerpost.com.

From Temple University to Rutgers, the devaluation of academic labor has its roots in decades of neoliberalism.

The post Public Universities Run on Underpaid Labor. Now Grad Workers Are Fighting Back. appeared first on scheerpost.com.

COVID-19 disproportionately impacts disadvantaged and vulnerable Australians. What does that mean for their engagement in post-secondary vocational education and training (VET)? There is – and will be for some time to come – a “long tail” of impact by COVID-19 on disadvantaged Australians and communities, which will impact their ability to participate in training. This Continue reading »