Major role played by the Big Banks in military warfare as well as financial warfare with a close relationship to the policies and assaults by the Pentagon and NATO. In early August, Goldman Sachs appointed NATO’s former Secretary General Anders Fogh Rasmussen as a financial consultant. Over the last five years (2009-2014), Rasmussen was actively involved in coordinating NATO’s humanitarian bombing raids in the Middle East not to mention NATO military deployments on Russia’s doorstep in Eastern Europe, the Baltic States and the Black Sea. During his stint as Prime Minister of Denmark (2001-2009), Rasmussen was involved (under a neoliberal policy agenda) in dismantling Denmark’s welfare state alongside the privatization of state assets.
It appears some are finally waking up. Correction: three of the Fed's 12 presidents are now Goldman Sachs alums. NY, Dallas and Philly. 25% from one bank. Amazing. Others, broadly disparaged by the "some" as "conspiracy theorists", have known all of this for a long, long time.
Seven years after the Wall Street crash of September 2008, fears are growing within ruling circles internationally that the world capitalist economy, far from recovering, is descending into depression. There is increasing speculation as to where the next financial meltdown, triggering a collapse in trade and production, will occur.The very countries previously touted as the “engines” of world economic growth following the 2008 recession, China and the so-called “emerging market” economies, are now seen as the places most likely to spark a new global downturn.
In the United States, only about 13 percent of U.S. workers have access to any form of paid family leave. With the idea of paid maternity leave gaining traction as a means of recruiting workplace "talent" or used as a talking point on the campaign trail, an In These Times investigation published on Tuesday reveals the sad reality for millions of U.S. families.
The Japanese report followed a wave of negative data pointing to sharply slower growth in China and last week’s surprise devaluation of the renminbi.
THERE ARE some things that no Australian politician would ever publicly oppose. Motherhood. Democracy. Friendship. Economic efficiency. These days, economic efficiency probably ranks higher than the other three in politicians' scale of values. But what is it?
Just hours after the PBOC announced a modestly “revalued” fixing in the CNY, which curiously led to weaker trading in the onshore Yuan for most of the day before a forceful last minute intervention by the central bank pushed it back down to 6.39…
The toxic spill began Aug. 5 when an EPA contractor accidentally ruptured a wall holding back millions of gallons of wastewater containing a variety of toxic substances such as mercury and lead at a closed gold mine in Colorado.
Wisconsin Governor Scott Walker, seeking the Republican nomination for president, is receiving some criticism for his decision to support a new basketball arena after cutting funds for the state’s university system.
What Is Going To Happen In September - Public DomainWhy does the Russian media seem to be far more on the ball than the mainstream media in the United States much of the time? Could it be possible that Russian reporters have more freedom to talk about important issues than reporters that work for the major corporate conglomerates in the United States do? Of course the Russian media is far from perfect. They put out pro-Russian propaganda just like the U.S. media puts out pro-American propaganda. But I must admit that I often find that Russian news sources are willing to tackle controversial issues that the mainstream media in the United States would not touch with a ten foot pole. This includes the critical events that are coming up this September.
Machine-maker DE-STA-CO said it was moving 100 jobs to Tennessee. The next day energy processor Bunge North America said it was shutting down its plant in Bradley, Illinois, and laying off 210 workers. The day after that General Mills pulled the plug on its manufacturing plant in West Chicago, terminating 500 workers. A week later Mitsubishi Motors announced it was closing its production facilities that made its Outlander, ending 918 jobs there,
Most of these stock market crashes are occurring in nations that are known as “emerging markets”. In recent years, developing countries in Asia, South America and Africa loaded up on lots of cheap loans that were denominated in U.S. dollars. But now that the U.S. dollar has been surging, those borrowers are finding that it takes much more of their own local currencies to service those loans. At the same time, prices are crashing for many of the commodities that those countries export. The exact same kind of double whammy caused the Latin American debt crisis of the 1980s and the Asian financial crisis of the 1990s.
Inmates in a Tennessee jail are being used as slave labor to benefit the private company belonging to detention center employees, two former prisoners claim.
California is now well into its fourth consecutive year of drought. This is not without consequences. Tensions in the state have mounted as urban and agricultural water users become increasingly stressed by water shortages ? but we can't blame the almond farmers. There are many factors at play here, notably a complex water cycle and conveyance network, as well as a somewhat archaic legal landscape.
China is continuing to devaluate its national currency to increase the competitiveness of its national exports causing some American experts to consider the move as “currency manipulation.”China keeps its currency very low to enforce the interests of its export industries. This type of policy would make Chinese products even cheaper and, therefore, more attractive for buyers.
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