Tag Archives: World Economy

Haiti Needs More Than Words from the U.S.

Haitian suburb. See video below. Haiti needs U.S. support for democracyBy Ansel Herz / The Rag Blog / May 1, 2009 Secretary of State Hillary Clinton stood on the floor of a textile factory in Port-Au-Prince, Haiti, earlier this month … Continue reading

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Democracy’s Turn : Bankers of the World, Untie!

“Can’t Anyone Untie Us?” by Francisco de Goya. When we voted for change last November we weren’t talking about pennies on the dollar. Bankers of the world, untie! By Greg Moses / The Rag Blog / April 24, 2009 It … Continue reading

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Roger Baker : The Reality of ‘Peak Oil,’ Part 2

ASPO USA. Peak Oil is the point at which the total world oil production reaches its high point and finally starts to decline… We at last have some pretty convincing data to indicate that world oil production probably peaked forever … Continue reading

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Roger Baker : The Reality of ‘Peak Oil,’ Part 1

ASPO Ireland. Peak Oil is the point at which the total world oil production reaches its high point and finally starts to decline… We at last have some pretty convincing data to indicate that world oil production probably peaked forever … Continue reading

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David P. Hamilton : Sea Change

Sea Change. Future debates will be over how fast and how far to push change, primarily involving the conversion of private to public, not whether change is desirable. Maintaining the status quo is almost an irrelevant position. By David P. … Continue reading

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Roger Baker : Getting a Read on this Economy Business

‘We can now observe that the creation of unlimited credit by unregulated investment banks, together with peak/near peak oil causing a steep oil price rise, is together enough to trigger a panicky deflationary spiral that has its own complex dynamics.’ … Continue reading

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Richard C. Cook :
Financial Crime Scene: Fingering the Perps

This is a very well-written and provocative article by a longtime Treasury Department analyst. It was originally delivered as a speech on Nov. 15, 2008, the first day of the G20 economic summit, at George Mason University in Fairfax, Virginia. … Continue reading

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Visualize Industrial Collapse Dept.

Propping up Capitalism…‘A hundred billion in federal guarantees here, a trillion there, it all adds up.’By Roger Baker / The Rag Blog / October 7, 2008 Don’t focus on the Dow too much. More important is probably how Bernanke is … Continue reading

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Noam Chomsky on Latin American and Caribbean Unity

Presidents Evo Morales of Bolivia and Hugo Chavez of Venezuela. Photo by Alizar Raldes / AFP / Getty Images.‘The initiatives taken in Venezuela have had a significant impact throughout the subcontinent, what has now come to be called “the pink … Continue reading

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Harry Reid: "No One Knows What to Do"

The Point of No ReturnBy Mike Whitney / September 19, 2008 Following another eratic day of trading on the stock market, Treasury Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke convened an emergency meeting of the Senate Banking Committee … Continue reading

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A Nightmare on Wall Street

The credit crunch is morphing from an American-centred financial crisis into a global economic crisis,” says David Bowers of Absolute Strategy Research… ‘Borrowing our way to prosperity’By Roger Baker / The Rag Blog / August 29, 2008 Damnation! The problems … Continue reading

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Why Can We Not Do Something About Poverty?

Kabul street childrenWorld poverty ‘more widespread’By Steve Schifferes / August 27, 2008 Tackling global poverty requires both public and private investment The World Bank has warned that world poverty is much greater than previously thought. It has revised its previous … Continue reading

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