Reading

Created
Sun, 05/02/2023 - 04:59
Pandemic stimulus not the cause. Fed runs its accustomed playbook to screw labor and reward capital based on junk economics.

Naked Capitalism
James Galbraith: The Quasi-Inflation of 2021-2022 – A Case of Bad Analysis and Worse Response
James K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin
Originally at INET
Created
Sun, 05/02/2023 - 04:57
Australia’s oceans, Greenland’s Ice Sheet and Antarctica’s sea ice are all feeling the heat. One million species are on the edge of extinction. No wonder life scientists are taking to the streets. Australia is in hot water Although the global warming that has occurred over the oceans is lower than the warming over land, about Continue reading »
Created
Sun, 05/02/2023 - 04:56
What role is Australia playing in the diplomacy that ultimately will end the Ukraine conflict and prevent war over Taiwan? Even the most hawkish cannot seriously believe such conflicts will end militarily. The roll call of countries where the civilian population endures armed conflict is seemingly endless. When the conflict is primarily about a struggle Continue reading »
Created
Sun, 05/02/2023 - 04:55
Benjamin Netanyahu’s ultra-right government’s reported response to the “terrorism” of the Palestinian who killed seven people at a synagogue in east Jerusalem on 27 January 2023 includes the likely collective punishment of the family of the attacker, such as loss of citizenship, house demolition and deportation. “Fair enough”, some might say. But the reality is Continue reading »
Created
Sun, 05/02/2023 - 04:54
Australia needs a Royal Commission into its heinous, wasteful, privatised immigration detention policy. This is imperative in order to uncover immigration detention’s secrets, racism and appalling costs, to change public attitudes and to explore humane alternatives. Australian immigration detention’s 30-year anniversary largely passed last year without comment. Successive Governments have denied responsibility, facts and wrongdoing, Continue reading »
Created
Sun, 05/02/2023 - 04:54
The difference that money makes: sovereignty, indecision and the politics of liquidity

Just a short glance indicated to me that this would be worth recording, and I was right. With a flair unexpected in a PhD thesis, Drumm draws on English and classical history, much of it presented through Shakespeare, to show how history has been defined by the politics of liquidity, and how this politics is really the management of an unresolved dilemma at the heart of the monetary theory.

Modern Monetary Theory comes off the worst as Drumm shows it has tautological underpinnings and a selective view of history which cannot explain the Middle Ages.

Created
Sun, 05/02/2023 - 04:51
Many well meaning participants genuinely opposed to religious oppression at the International Religious Freedom (IRF) Summit this week in Washington will not realise that they are pawns in a US State Department geopolitical game. The International Religious Freedom (IRF) Summit this week in Washington, appears to be a great idea. Everyone in the world is Continue reading »
Created
Sun, 05/02/2023 - 04:50
Bob Bowker’s recently published memoir enriches our understanding of the Middle East and reminds us that the corpse of the two-state solution in Israel-Palestine has been lying in the sun for years, though many countries, including Australia, determinedly hold their noses and avert their gaze. Diplomatic memoirs come in all shapes and sizes. Some offer Continue reading »
Created
Sun, 05/02/2023 - 04:40
Same old, same old. The push for repeal began with the passage of the New Deal and the push won't end until it is repealed or effectively neutered by privatization. The push for austerity of which this is just a part risks another depression, and some would argue that it guarantees it.

The Lens
Danger Ahead: Mike Pence Would Pick Up Where Paul Ryan Left Off
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders
Created
Sun, 05/02/2023 - 03:47
Milburn’s ‘Mozart Group’ said to have disbanded shortly after interview that discussed Ukrainian war crimes Retired US Marine Colonel Andy Milburn has reportedly claimed that a video in which he chatted about the ‘sick’, ‘fucked up’ acts he had seen in Ukraine while fighting alongside Ukrainian forces, including the murder of prisoners of war. Milburn’s […]
Created
Sun, 05/02/2023 - 02:35

From backroom deals between Hillary Clinton and Goldman Sachs to US covert operations in Haiti, Tunisia, Italy and beyond, WikiLeaks revealed the dark underbelly of US power.

The post Chris Hedges: WikiLeaks Exposed the Extent of US Meddling Abroad and Corruption at Home. Why Have We Forgotten It? appeared first on scheerpost.com.

Created
Sun, 05/02/2023 - 02:30
I block their calls and they keep trying ♪ What’s the buzz? Tell me what’s a-happening ♪ Marcy’s right. If we called the Chinese inflatable a drone, it would be a very different conversation. While it’s not offically a drone, my buddy Barry Summers is on the case. It’s in the neighborhood this morning. No, I’m not going outside to look. Mark Hamill FTW.
Created
Sun, 05/02/2023 - 01:53
I’m writing an open access textbook on homelessness. Chapter 4 has just been published. A ‘top 10’ overview of the chapter can be found here:https://nickfalvo.ca/emergency-facilities/ The full chapter is available here:https://nickfalvo.ca/wp-content/uploads/2023/02/Falvo-Chapter-4-Emergency-Facilities-30jan2023.pdf And all material related to the book can be found here:https://nickfalvo.ca/book/
Created
Sun, 05/02/2023 - 01:00
The world is not enough “[W]hat’s been driving income inequality in the United States – and around the world for years – is that the very rich are getting even richer, rather than the poor getting poorer,” Fatema Z. Sumar, executive director of the Center for International Development at Harvard’s Kennedy School, wrote in November. “In every major region of the world outside of Europe, extreme wealth is becoming concentrated in just a handful of people.” Sumar brought a visual aid (above). Rep. Katie Porter (D-Calif.) is famous for her visual aids. She brought one to her CNN appearance this week. Social Security adds nothing to the national debt, Porter’s white board insisted. There is, in fact, a more than $2.9 trillion surplus on the program’s books, she said. Why does Porter bring it up again? Because 70 percent of U.S. wealth is not enough for American oligarchs. On Thursday night, former vice president Mike Pence proposed privatizing Social Security. Just as George W. Bush tried before him. Pence supported that effort as a member of Congress.