Tag Archives: World Economy
The global situation is in its deflationary, cascading-default phase, where entire countries can go broke from bad petrodollar-denominated debt. By Roger Baker | The Rag Blog | January 27, 2016 “Every time history repeats itself, the price goes up” — … finish reading :
OK, deflation has arrived. Now what?
The estimate of three years of easily affordable driving depends primarily on how long the current fracking boom, which is holding down the global oil price, can be sustained. By Roger Baker | The Rag Blog | October 1, 2014 … finish reading :
America: You’ve got three more years to drive normally!, Part 2
Image from UCL. Grain of truth:Our precarious food supply Global food production has been allowed to fall into the hands of fewer and fewer megacorporations, and their aims are simple: to deliver short-term profits and ultimately to control the entire … finish reading Norman Pagett and Josephine Smit : Grain of Truth
Vijay Prashad’s ‘possible history’: The lessons of the Global South Prashad paints a sweeping indictment of those who want to rule the earth with little or no regard for most of its inhabitants. By Ron Jacobs | The Rag Blog … finish reading BOOKS / Ron Jacobs : Vijay Prashad and the Lessons of the Global South
An unraveling earth. Graphic from Sound of Cannons.Converging global crisesand why we deny them / 2 If the total human impact on nature is approaching a natural limit, we face difficult choices. By Roger Baker | The Rag Blog | … finish reading Roger Baker : Converging Global Crises and Why We Deny Them / 2
“Blick auf den Planeten Erde” by Heikenwaelder Hugo, Austria / Wikimedia Commons.When too big to failis too big not to Where bailout theory comes a cropper, no matter who’s doing or who’s receiving the bailout, is when it ignores the … finish reading Ellen LaConte : When Too Big to Fail is Too Big Not To
Cartoon by Mike Konapacki / solidarity.com.Tax Day Tea PartyTosses markets overboard By Greg Moses / The Rag Blog / April 17, 2010 Like so many chests of tea tossed overboard into Boston Harbor, world markets fell straight down Friday in … finish reading Tax Day Tea Party : Markets Overboard!
US dollar set to be eclipsed, World Bank president predicts. Photograph: Getty/Piet Mall.US Dollar Set to Be Eclipsed, World Bank President PredictsBy Heather Stewart / September 28, 2009 United States would be mistaken to take for granted the dollar’s place … finish reading The Dollar: The Twilight of the American Empire
Crisis and Hope: Theirs and OursBy Noam Chomsky / September 2009 Perhaps I may begin with a few words about the title. There is too much nuance and variety to make such sharp distinctions as theirs-and-ours, them-and-us. And neither I … finish reading Chomsky: Global Crises and Dealing with Them
Canadian mayors pass anti-‘Buy American’ resolutionJune 6, 2009 In response to the ‘Buy American’ provisions of the U.S. stimulus package, Canada’s mayors narrowly passed a resolution Saturday that could potentially block U.S. companies from bidding on city contracts. The resolution … finish reading Canadian Mayors: Don’t Get Mad, Get Even
Military spending is set to rise 34% by 2012.The purchasing power of peaceBy Jorn Madslien / June 3, 2009 Purchasing power long ago overtook manpower as the most important lever in the race towards military might. Currently, personnel expenditure accounts … finish reading Spending on Peace Is More Cost Effective