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
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.
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.
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.
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.
Week-end Wrap – Political Economy – March 12, 2023
by Tony Wikrent
Strategic Political Economy
“Marianne Williamson: ‘Anything Is Possible’” (interview)
[The Nation, via Naked Capitalism Water Cooler 3-10-2023]
Your background is different from the typical presidential candidate. You’ve run for office before, but you’ve gained notoriety as someone who helps people explore their experiences, often from a spiritual perspective. Do you see that as a challenge or an advantage?
