Is Another Financial Crisis Brewing In The US Economy?
By Ben Norton, Geopolitical Economy. Economist Michael Hudson explains the dangers. Reports suggest the US economy may be on the verge of another financial crisis, with major problems in the…
‘Disgusting’: Trump’s Top Economic Adviser Brags About Killing 300,000 ‘High-Paying’ American Jobs
Stephen Prager for Common Dreams President Donald Trump’s top economic adviser boasted on Fox Business Thursday that the government had slashed more than 300,000 “high-paying” jobs from the federal payroll…
All Wars Are Bankers’ Wars: Iran and the Bankers’ Endgame
Ellen Brown ScheerPost“The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the…
$20K Drones vs $4M Missiles — Norton Explains Why the U.S. Is Losing the War It Started
ScheerPost Staff Journalist Ben Norton lays out the brutal logic of Iran’s asymmetric counteroffensive — and the global economic catastrophe it’s already unleashing. As Norton explains, Tehran has closed the…
‘The Situation Is Scary’: Global Economic Chaos as Trump’s Iran War Sends Markets Diving
Brad Reed for Common Dreams President Donald Trump’s unprovoked and unconstitutional war against Iran is sending shockwaves across the global economy in the form of skyrocketing oil prices and diving…
Nike Is Moving Jobs to Low-Wage Regions of Indonesia
After moving manufacturing to the developing world to save on labor, Nike and other apparel brands are shifting employment in their Indonesian supply chain away from high-wage parts of the…
Trump’s Deportation Crackdown Is Hurting Tourism
Fear of aggressive deportation raids is deterring foreign visitors, leading to a reduction in hours for workers and lost revenue.
AI Hiring, Scams and Setbacks: How Unemployment Becomes a Vicious Cycle
Sluggish labor market swells ranks of long-term unemployed, leaving some job seekers frustrated with an ever-shifting hiring landscape.
The Wealth Concentration Engine: Rethinking America’s Financial Plumbing
By Ellen Brown A Jan. 17 article on Quartz Markets by Catherine Baab reports that JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup and Bank of America returned nearly all of…
Weak US Jobs Report Shows ‘Bleak Economic Reality’ for Workers Under Trump
There has been “almost no hiring since April,” observed one economist.
First We End the War, Then We Restart the Factories
While industrialisation remains a top priority for Global South countries, debt-driven austerity, corporate dominance, wars, and sanctions keep many poorer nations locked into dependency and underdevelopment.
Carousel
Center for Economic Policy Research
Dean Baker
Democracy Now
Economy
Immigration
Informed Rant
Original
Trump
Trump Claims Economic Triumph, Doubles Down on Immigrant Scapegoating
By Joshua Scheer In a nationally televised primetime address from the White House, President Donald Trump spent much of the speech defending his economic record and touting the strength of…
Kerala Has Abolished Extreme Poverty
The Indian state of Kerala has eradicated extreme poverty through clear public policy, decentralised planning, and the leadership of its cooperative movement.
Google Boss Says Trillion-Dollar AI Investment Boom Has ‘Elements of Irrationality’
By BBC News Sundar Pichai, CEO of Alphabet Inc. (parent of Google), described the current surge in artificial-intelligence (AI) investment as an “extraordinary moment,” while warning that it carries significant…
Ellen Brown: Why New York City Needs a Public Bank
By Ellen Brown / Original to ScheerPost “We will build a city-owned bank — not to serve shareholders, but to serve you. A bank that invests in housing, in transit,…