Despite the grilling he got in two separate parliamentary hearings last week, Reserve Bank governor Dr Philip Lowe’s explanation of why he was preparing mortgage borrowers for yet further interest rate increases didn’t quite add up. There seemed to be something he wasn’t telling us – and I think I know what it was. We Continue reading »
Economy
While Governments often promote consensus views that disguise racism, domination of the less fortunate and an ages old acceptance that violence can sustain dominant interests, recent articles in P&I have begun to challenge this conformity. A history of social theory records distinct ways of encouraging citizens to think, either by endorsing consensus views of how Continue reading »
By Ellen Brown / Original to ScheerPost Financial podcasts have been featuring ominous headlines lately along the lines of “Your Bank Can Legally Seize Your Money” and “Banks Can STEAL Your Money?! Here’s How!” The reference is to “bail-ins:” the provision under the 2010 Dodd-Frank Act allowing Systemically Important Financial Institutions (SIFIs, basically the biggest […]
The post What Will Happen When Banks Go Bust? Bank Runs, Bail-Ins and Systemic Risk appeared first on scheerpost.com.
Australia should be proud of its vote in the General Assembly in November last year to condemn the ongoing US blockade of Cuba. The writer’s attention has been drawn to a vote in the U.N. General Assembly in November 2022. It is a matter of concern that it was not known to me, but more Continue reading »
How the hell can we expect Americans to understand what the national debt means if the media doesn’t report it accurately?
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At the same time these companies are acting like their hands are tied by supply disruptions, their profits have skyrocketed.
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This is war protest month, with more to follow. Will efforts against the Iraq war, that failed twenty years ago this week, succeed in heading off the next one? On Sunday 19 February thousands protested at the Lincoln Memorial in Washington, DC against US militarism, proxy warfare, and the threat of nuclear conflict. The ANSWER Continue reading »
But is the Arab country’s pioneering gender parity laws and the ‘State Feminism’ introduced in the 1950s by Habib Bourguiba under threat from President Kaîs Saïed’s new electoral law? The new Tunisian electoral law drops parity in a disastrous political and economic situation. While the old electoral law enshrined gender parity among candidates by obliging Continue reading »
The continuing debate in Pearls and Irritations about economic growth and sustainability has largely ignored a critical dimension: the role of human subjectivity. The debate has focused on the interactions between economic growth and environmental impacts. There has been some mention of living standards, wellbeing and quality of life, but little consideration of how what Continue reading »
“Lifters” and “leaners”; “makers” vs “takers”; “strivers” and the “skivers”. The language may be different but the pejorative sentiment around the welfare state is similar, be it in Australia, the United States or the United Kingdom. However, it is highly misleading. Government payments to people who are unemployed are a fraction of the spending on Continue reading »