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Created
Tue, 24/01/2023 - 10:13
‘Ruthless’ general secretary’s push to take control of union’s executive council marked by allegations of breaches and bending of ‘rule 6’ eligibility requirement by union Allegations of ‘contrived’ and even rule-breaking eligibility, for supporters of Unite general secretary Sharon Graham, in the union’s executive council (EC) elections have multiplied since Skwawkbox broke the news of […]
Created
Tue, 24/01/2023 - 10:00

Louise Jameson’s Mary has been confirmed for another year in Emmerdale as romance beckons on the dales Louise Jameson, who played the Fourth Doctor’s companion Leela, has most recently been on British TV screens as Mary Goskirk in popular rural soap opera Emmerdale. This month the former Doctor Who star renewed her contract. It means […]

The post Louise Jameson’s Mary Get New Romance Storyline on Emmerdale appeared first on Blogtor Who.

Created
Tue, 24/01/2023 - 10:00
Naturally, he was working for Russia TPM unpacks the story: The same FBI official accused of illegally working for a Russian oligarch also faces charges of concealing a $225,000 payment while he was working for the bureau, court papers say. Per a Jan. 18 indictment, a D.C. federal grand jury charged Charles McGonigal, a former special agent in charge of the counterintelligence division at the FBI’s New York City field office, with nine counts relating to a scheme in which he allegedly took hundreds of thousands of dollars in cash from a former foreign intelligence official. The indictment does not specify whether McGonigal did anything specifically in exchange for the money — he faces charges of concealment, false statements, and falsifying official records. But the charging documents lay out a story in which McGonigal appears to have used the powers that came with his position — including to open criminal investigations — in a way that may have benefitted those paying him. McGonigal was charged separately on Monday in Manhattan federal court with a scheme to violate U.S. sanctions on Oleg Deripaska, a Russian oligarch.
Created
Tue, 24/01/2023 - 09:04

The situation is more complicated than this but Alastair Crooke brings out some key factors. There were actually two big mistakes that he mentions. 

First is the mistake of overestimating finance and underestimating productive capacity. Andrei Martyanov had been writing about this for some years.

The second, which is related to the first, is the abject failure of intelligence to properly access the strength of the Russian economy. This is seldom mentioned but it is a huge factor. Alastair Crooke served in British intel so it is well aware of it.

These mistakes together constitute a blunder that is leading to disaster. The US and its allies either have not yet realized this or have backed themselves into a corner from which they cannot escape without climbing down, and that threatens bringing down their house.

The analysis is sort of a combination of Michael Hudson and Andrei Martyanov without mentioning either. It's not fully MMT-compliant but the thrust of the article is not dependent on this.

Created
Tue, 24/01/2023 - 08:30
Come on, people… John Amato caught a top Republican in an egregious lie over the weekend that nobody else seems to have noticed: The incoming chairman of the House intelligence Committee tried to both-side election fraud deniers by lying about who went to the Supreme court to challenge the 2000 election results. Mike Turner said it was Al Gore today when it has always been George W. Bush. Face The Nation host Margaret Brennan asked Turner if he had any concerns about the incredible number of election deniers joining his committee. “Of the 26 Republican members on the committee, 19 of them denied the results of the 2020 election,” Brennan noted. CBS then listed Turner’s treasonous colleagues. “They all played critical roles in the former president’s attempts to overturn the 2020 election results. Do you have any concerns about working with these lawmakers?” she asked. This forced Rep. Turner to try and both-sides the insurrection crowd with the Democratic party — so much so that he even lied about the 2000 election to do it.
Created
Tue, 24/01/2023 - 08:18
The article is really about the economic "war" underway in the US between rural and urban areas rather than mostly political differences. So was the Civil War, which was about the abolition slavery, a political matter, but emancipation resulted in huge loss of capital. The Civil War was also about the urban-rurual divide, with the urban North dominated by factories and the rural South dominated by agriculture, chiefly cotton production.
According to Bouie, slavery’s abolition was an existential threat to White slaveowners, whereas he’s “not sure there’s anything in American society right now that plays the same role”.

Bouie is right. Ideas and beliefs are important, but without an economic basis, they cannot generate war. However, he is wrong that post-1991 polarization has no economic basis. There are real economic interests that divide Democrats and Republicans. In the 1860s it was between North and South. Today it is between rural and urban capitalists....
The analysis is interesting not so much for the conclusions as the information used to substantiate them.
Created
Tue, 24/01/2023 - 07:58

Recent deals between US Secretary of State Tony Blinken and African heads of state promise eye-popping profits for US mining multinationals and fewer protections for African laborers “toiling in subhuman conditions” to drive the digital revolution. The US Africa Leaders Summit held this December in Washington DC provided a platform for the Biden administration to advance its agenda across the African continent. With topics ranging from COVID-19 to climate change to “closing the digital divide,” to “strengthening democracy,” Washington’s agenda […]

The post US Africa Leaders Summit promises more exploitation for Africa, record profits for US mining firms appeared first on The Grayzone.

Created
Tue, 24/01/2023 - 07:56
"A consistent reduction of economic risks created by the use of foreign currencies and payment systems for mutual trade is seen as an urgent task. We believe that connecting partners to the Bank of Russia's financial messaging system and developing inter-system cooperation between national payment systems is an indispensable condition for stable settlements within the Union," he said in an address to heads of EAEU members on the occasion of Russia’s chairmanship in the integration in 2023, which was published on the Kremlin’s website on Monday.

"Harmonization of financial markets should create favorable conditions for the member states' capital to remain within the union and for it to be invested in the national economies. We also consider it advisable to examine the possibility of creating a Eurasian rating agency that would provide evaluation tools to service the growing economic activity in our macro-region," the [Putin] address reads....

Putin's speech contains more than just the payments system. 

Created
Tue, 24/01/2023 - 07:31
As President Joe Biden prepares to face off with House Republicans over the U.S. government’s debt ceiling, a majority of voters would rather have a government shutdown than to have Congress sign off on more spending.

A new Rasmussen Reports national telephone and online survey finds that 56% of Likely U.S. Voters would rather have a partial government shutdown until Congress can agree to either cut spending or keep it the same. Just 34% would rather avoid a partial shutdown by authorizing more spending…
The rest is behind a paywall. But you get the drift.

Rasmussen Reports — Jan 23, 2023
Debt Ceiling: 56% Prefer Shutdown

Created
Tue, 24/01/2023 - 07:26
The Bank of Canada is widely expected to increase its policy interest rate again this week, for the eighth time in the last 10 months. Media and financial market commentary on its decision has made numerous throwaway references to how Canada’s economy is still “running hot,” and that i why a rate hike is needed. This common claim is surprising, [...]
Created
Tue, 24/01/2023 - 07:19
The title should be, Why sanctions are backfiring. The hypotheticals are present realities.

Interestingly, many have observed that when sanctions were used, war not long behind but they also perfunctorily say that this situation is likely different. Really? War is already raging and escalating along with increased sanctions that are having no noticeable effect on Russia' behavior.

This is a policy mistake that is turning into a strategic blunder of major proportions. Iraq was a strategic blunder but proportionately insignificant in comparison with Russia and China, who have been driven together into a de facto alliance against the US and its allies, many of whom have been dragged into this unfolding conflict reluctantly. War is returning to Europe, the very thing that NATO, the Common Market,  the European Union and the Eurozone were meant to obviate.

Progress in Political Economy (PPE) 
Why sanctions may backfire