The US announced on Monday new massive aid packages for Ukraine, including $4.5 billion in direct budgetary aid and a $1 billion weapons package.
US to Send Ukraine $5.5 Billion in New Budgetary, Military Aid
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New SCOTUS Petitions Highlight COVID-19 Abuse of Due Process
(Image: Woman arrested for not wearing mask in NY subway to sue police for $10 million https://abcn.ws/30RetW4) If one were to reflect on the essential elements of society, one would quickly identify the need for peaceful dispute resolution. Indeed, on even the most primitive tribal level, peaceful dispute resolution has been the necessary result of human coexistence. We know this because even the most primitive of existing tribes have developed some peaceful form of dispute resolution. In the Anglo-American legal system, the concept of due process emerged as the state assumed the role of...
What High Interest Rates Mean for a Debtor Nation
If there is anything Wall Street banks crave is relief. Primarily relief from the potential for failure and, next, relief from holding much, if any, equity capital. These banks like their capital tiny and their profits huge. Losses should be socialized. After all, we want the ATMs to keep spitting out cash. The SLR will be allowed to expire at the end of this month before most of us knew what it was—"supplementary leverage ratio." When covid hit the fan last March, as the WSJ explains, “The ratio measures capital—funds that banks raise from investors, earn through profits and use to...
Bro History: Understanding the War Industry
Henry Szamota interviews Christian Sorenson from the new Eisenhower Media Network (EMN) on his book Understanding the War Industry. Christian Sorensen discusses the triangulation of Pentagon, Corporate and Congressional interests at the center of the massive spending on weapons of war and war itself. Through a revolving door, senior military officers retire with generous pensions only to rejoin the threesome on a corporate board, lobbying Congress, or commenting as an expert on the endless wars they officiate. This profitable way of life is a way of death for countless victims of war and...
5/14/19 Andrew Cockburn on the Military-Industrial ‘Virus’
Andrew Cockburn comes back on the show to discuss his recent piece, "The Military-Industrial Virus." Cockburn describes how the war planners, and even many of the officers, don't care all that much about the men they're sending off to fight and die in America's wars. Mostly they're waiting to cash in on comfortable pensions or work on the civilian side at a firm like Raytheon or Boeing. Cockburn laments how President Trump ran against the wars and the military-industrial complex, but hasn't turned any of his good instincts into policy. Discussed on the show: Rumsfeld: His Rise, Fall, and...
Behind The Scenes At The Twitter Purge – With Peter Van Buren and Scott Horton
Peter and I were guests on The Liberty Report with Dan McAdams regarding our suspensions from Twitter http://www.youtube.com/watch?v=cF1VeiZ6Tuw
The Economy According to Wizards, Chieftains, Poohbahs, and Mavens
Economics wizards, corporate chieftains, Wall Street poohbahs, and media mavens say it’s good for the economy if Americans bought a lot of stuff at Christmas and will continue buying a lot of stuff throughout the New Year, even if they buy the stuff on credit. Good for the economy? Huh? Consider: Credit card debt per American is $2,781, up from $41 in 1971, for a grand total of nearly $900 billion. Auto loan debt is $3,219 per capita, up from $195 in 1971, for a grand total of $1.03 trillion. Other consumer debt is $300 billion. Tuition loan debt totals $1.19 trillion. In theory, this is...
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