Asli U. Bali and Aziz Rana at Boston Review on the brutality of sanctions and why they must end. The current covid-19 pandemic has exposed the brutality of the economic sanctions imposed on the world by the U.S. government. This current crisis reveals all of Trump's...
Trump
Meet The New Boss – At The Fed
Jim Bianco at Bloomberg "The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does...
Free Ross!
Trump administration to federal prisons: Increase home confinement for inmates to slow coronavirus spread
News Roundup 3/27/20
US News A record 3.3 million Americans filed for unemployment this week. The Department of Homeland Security is requesting an additional 1,500 soldiers to be deployed to the borders to prevent the spread of coronavirus. [Link] Trump signs a new law that calls for the...
The Deep State’s Demolition of Democracy
“Thank God for the Deep State,” declared former acting CIA chief John McLaughlin while appearing on a panel at the National Press Club last October. In 2018, the New York Times asserted that Trump’s use of the term “Deep State” and similar rhetoric “fanned fears that...
COVID-19’S Final Victim: The Corporate Press
It will be a couple years before we know the full story of the COVID-19 Crisis. But one thing is certain right now. When the dust settles, the corporate press better have been right on this one. They have gone all in with non-stop, wall-to-wall coverage of the...
No Bailouts
That adroit member of the British Parliament Enoch Powell once said that “the supreme function of statesmanship is to provide against preventable evils.” This duty, incumbent upon politicians endowed with wisdom, is made difficult because “by the very order of things...
3/23/20 David Stockman on the Mother of all Financial Bubbles
Scott talks to David Stockman about the fate of the economy after the coronavirus-induced shutdown and the multi-trillion dollar bailouts being undertaken by the U.S. government. Stockman is much more concerned about the economic ramifications than about the virus...
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