In this week’s Lever Time episode, we explore the collapse of Silicon Valley Bank and its impact on the financial system.
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Michael Hudson gives a wide-ranging talk on SVB and other recent bank collapses, focusing on the considerable role of misguided Fed policies
Iain Barbour first noticed something was wrong when he started choking on a burger. ‘I realised I couldn’t swallow. And I had these chest pains that I thought was a heart attack,’ he recalls. When he went to the doctor in July 2020, he was told it was acid reflux. After weeks with no progress […]
- by Aeon Video
- by Mario Saraceni
The Currency of Politics - audiobook
The neoliberal approach to money is that it is apolitical, facilitating exchange without interfering in it. But with the bailouts of 2008 and then COVID, more people understand that money does not work by itself, but must be managed through the political process.
"Fool me once, shame on thee. Fool me twice, shame on me." The Global Soutn has wised up in the wake of the war in Iraq.
Stefano Goodman explains how impairment can lead to sudden physical reliance on strangers – and how this shapes our personalities
I’m sure experts can say many deep things about war crimes. Alas, I’m no expert. And yet, that caveat in place, I think I’ve noticed two things about war crimes. It’s up to you to judge how interesting they are.
The first thing I can say about war crimes is that for years we hear next to nothing about them, even during wartime. It’s almost like wars became civilised affairs.
Then, suddenly, news reports are full of alleged war crimes.
That’s what happened since February 2022, when the Russian Federation invaded the Ukraine: the term “war crime” became almost as frequent on our TV screens as the daily appearances of the Ukrainian President.
The second thing I’ve noticed is that current news coverage of war crimes is inevitably framed within a cosmic good versus evil conflict – sorry – Western liberal democracies versus autocratic regimes narrative. In this story war crimes are the preserve of the Other: autocratic regimes (aka, the bad guys). Western liberal democracies (We), the immaculately good guys, abhor such things. Living under the rule of law, We promote an “international rules-based order”.
How the SVB bailout confirms the dedication of the elites to self interest only.
My PC died yesterday, screaming in pain as its brain heated over boiling point. I went out to Central Computer, San Francisco’s local computer store to get it a new fan. I got the wrong one of course, but jury-rigged it in anyway. It didn’t help: I think the CPU cooler may have died too, […]
How to keep the MCU interesting.
Ahead of the upcoming NSW Election, voters would do well to remember past Liberal manoeuvrings, like the lockdown fee scam subjected to those under COVID-19 quarantine. read now...The Australian Bureau of Statistics (ABS) released of the latest labour force data today (March 16, 2023) – Labour Force, Australia – for February 2023. My overall assessment is that after two months of decline (some of which was related to abnormalities during the holiday period), the February result is much stronger. All the things…
For the sake of our democracy, Australia needs an activist not beholden to political affiliation or corporate interest to advocate for all citizens — someone like Ralph Nader. read now...
"Heated leather seats, cup holders, roof-racks, sports styling. The lot".
"Heated leather seats, cup holders, roof-racks, sports styling. The lot".
The post Albo Admits He Got Talked Into Buying Extras Package on New Subs appeared first on The Shovel.
Video and transcript.
Geopolitical Economy Reportby
Why 3 US banks collapsed in 1 week: Economist Michael Hudson explains
Ben Norton interviews Michael Hudson (on his 84th birthday)
Ben Norton interviews Michael Hudson (on his 84th birthday)
Less than two years later, Fed Chair Jerome Powell cited systemic risk as justification to protect Silicon Valley Bank’s depositors.