Economy

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 »

It seems that poor old Albanese has been sold a very greedy—though only virtual—pup. Think of the comparison with another Labor PM, Ben Chifley. Albanese doesn’t come out of it very well. In 1948, at a time when energy was a major issue, Chifley launched the expensive Snowy Hydro Scheme to provide the country with Continue reading »

This editorial in the Sydney Morning Herald suggests an independent body should determine which occupations are in shortage for employer sponsored visas rather than using labour market testing. That would be a mistake. It is entirely appropriate labour market testing should be abolished. It has always been a charade. It was why my former colleagues Continue reading »

As the American Empire is attempting to open up another war front with China and dragging us into it, the Doomsday clock is now 10 seconds to midnight. Can we resist? The war in Ukraine is not going well for Zelensky. US involvement continues by pouring billions of dollars and armaments into Ukraine and encouraging Continue reading »

The integrity of the ecology of the Lake Eyre Basin and its water supply from the Great Artesian Basin are threatened by oil and gas development and by ineffective state and federal administration. A letter from 1000 Australian scientists calling on the Australian Government to follow the advice of the world’s scientists and prevent any Continue reading »