For the last few decades, the economic and political contradiction has been managed, if not resolved (not that it could ever be) through the liberal use of debt—credit cards at first, and then mortgages from the mid-1990s onward. The explosion in household credit —from 65% of disposable income in 1983 to 135% at the...
It is increasingly understood that poverty, inadequate access to land and food, and unfair trade policies are the major causes of hunger in the world, rather than absolute shortage of food. Additional factors contributing to food insecurity include declining investments in infrastructure (storage facilities, roads to markets) and increased diversion of food crops for...
As Greece inches toward default and the sufficiency of Europe's EFSF bailout fund is called into question, everyone's worst nightmares of Europe's debt debacle escalating to a systemic crisis could be nearing reality. But that's not all. North Korea is in transition, Iran is threatening to disrupt oil supplies, and the U.S. and Russia...
A major bio-tech and GMO based company was found to have used government officials, and US diplomats to further their push for business growth in areas around the world that were regulated against genetically modified foods and seeds in a new set of leaked documents on January 11th. Monsanto, which is considered one of...
Nomura’s famously bearish Bob Janjuah is out with his first note of the year (via FT Alphaville), and he’s… bearish. “The worst of the eurozone mess is still haead of us,” he says, and the US is not out of the woods. He has some very specific predictions…. Read more: http://www.businessinsider.com/bob-janjuah-the-rally-just-has-a-few-days-left-and-the-worst-in-europe-is-yet-to-come-2012-1#ixzz1j4j2xirL
The great bear market rally is now about over, following a very long period of deceptive distribution. I am warning all my subscribers again that we are back in the grip of a vicious and ruthless bear. The bear has been held back for almost two years, due to the so-called quantitative easing of...
Monthly Review
Science and Society
Arguments For Socialism
Albert Einstein: Why Socialism?