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HomeTagsEconomy

Economy

Trump’s cabinet picks are cast of vultures

U.S. President-elect Donald Trump wasted no time nominating potential cabinet members and other members of his second administration. Trump’s selections departed from how he chose cabinet members for his 2017-21 presidency. It is clear he and his advisers are specifically choosing hard-right personal “loyalists” and fascist-minded ideologues, while ignoring many GOP functionaries who joined his…

Canadian and U.S. postal workers demand a just contract

Home » Editorials » Canadian and U.S. postal workers demand a just contract Roughly 55,000 Canadian postal workers went on strike on Nov. 15.  The Canada Post Corporation, the country’s main postal operator, has cut off disability benefits to members of the Canadian Union of Postal Workers, and all collective bargaining agreements have been canceled.…
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Between the Lines: Congressional Report Finds US Sanctions to Blame for Venezuela Crisis

CARACAS, VENEZUELA — Venezuela was once one of the most prosperous countries in Latin America. The popular classes enjoyed major advances from the Bolivarian Revolution initiated by Hugo Chávez. Today Venezuela is experiencing an unprecedented economic crisis with severe humanitarian consequences. The U.S. government blames the crisis on the mismanagement and corruption of the Venezuelan…

Chris Hedges: Bandaging the Corpse

Princeton, New Jersey (Scheerpost) — The established ruling elites know there is a crisis. They agreed, at least temporarily, to throw money at it with the $1.9 trillion Covid-19 bill known as American Rescue Plan (ARP). But the ARP will not alter the structural inequities, either by raising the minimum wage to $15.00 an hour or imposing…

A “Slap in the Face:” Anger at Pelosi, Democrats Over Paltry $600 Stimulus Check

Lawmakers in Washington agreed to a new $900 billion coronavirus stimulus package yesterday. The bill, like the previous CARES Act, appears to include huge new tax breaks for corporations and the very wealthy. However, of most note to average Americans is the means-tested check of up to $600 plus $600 per child that Republicans and…

Lee Camp: Unemployment Skyrocketing? An Evolved Society Would Celebrate

Washington DC (ScheerPost) — Leaf blowers are everything wrong with capitalism. . . . I’ll explain that in a minute. We all know times are irredeemably grim, and they’re only getting worse. The unemployment level in America seems to be setting the record books aflame, and for some bizarre reason those numbers correlate nicely with…

The US Is Facing a Child Care Crisis as Schools Go Digital

Greater Albany Public Schools (GAPS) Superintendent, Melissa Goff, is calling on county commissioners to allocate funding for oversight of “suitable child care options” for the families of the 9,000 children enrolled in the small city’s K-12 system, who are now proscribed from their regular classrooms and will be forced to “attend” school on a screen…

Beirut Blast a Deadly Blow to Lebanon’s Already Shattered Economy

Lebanon’s Prime Minister Hassan Diab today called for a day of national mourning after a massive explosion ripped through the capital Beirut yesterday, killing at least 100 people and injuring at least 4,000 others. The extent of the damage is immense; the city’s governor Marwan Abboud estimated that up to 300,000 have immediately been made homeless…

Aid Groups Call for Worldwide COVID-19 Bailout Amid Fears of Mass Hunger

The consequences of the COVID-19 pandemic have already devastated the world. Over 14 million people have tested positive for the virus, and nearly 600,000 have died since it was first identified in December. And cases continue to rise: yesterday saw 248,998 people test positive – an all-time high. World Health Organization Director-General Tedros Adhanom Ghebreyesus…

Mexico State Oil Company Files $22 Billion Debt Swap amid IMF Threats and White House Visit

Mexico’s president, Andres Manuel Lopez Obrador, known colloquially as AMLO, arrived back in his nation’s capital yesterday aboard an American Airlines flight after his first state visit to the United States since taking office in a historic, landslide victory in 2018. The commercial flight included a stopover at Miami International Airport as coronavirus-induced protocols have resulted in…

American Exceptionalism Is on the Ropes and the End of the Petrodollar Is Nigh

The pressure on the global economy imposed by the measures to curb the COVID-19 pandemic threatens to erode whatever confidence the world still has in the U.S. dollar as a viable reserve currency. A shortfall in U.S. domestic savings, dropping to 1.4 percent of national income, brought on by the drawn-out shutdowns and structural changes to…

The Dem’s $3 Trillion Dollar HEROES Act Can Not Brace Us for the Coming Shock

The actual number of people who stand to benefit the most from last month’s CARES Act could fit into Dodger Stadium and still have plenty of elbow room to catch any foul balls that might come their way. Just 43,000 of the richest Americans, those making at least $1 million a year, were handed a $1.6…

As Corporations Adapt to a COVID-19 Economy, the Working-Class Prepares for a Paradigm Shift

In a disturbing trend foreshadowed by suddenly ubiquitous multi-screen video chatting applications like Zoom and now Google Meet, a soup-to-nuts restructuring of corporate policies and procedures designed around a “new normal” where people are conditioned to avoid social contact and remain in their homes or cars, is being pushed by global consulting giants like McKinsey…

American Weapons Manufacturers Are Thriving Even as the US Economy Suffers

The economy has crashed. A nationwide pandemic that has (officially) claimed some 84,000 Americans has also resulted in an estimated 36 million filing for unemployment insurance and millions frequenting food banks for the first time. Yet business is booming for one unlikely industry; weapons manufacturers are busier than ever and are even advertising for tens…

Latest articles

Trump’s cabinet picks are cast of vultures

U.S. President-elect Donald Trump wasted no time nominating potential cabinet members and other members of his second administration. Trump’s selections departed from how he chose cabinet members for his 2017-21 presidency. It is clear he and his advisers are specifically choosing hard-right personal “loyalists” and fascist-minded ideologues, while ignoring many GOP functionaries who joined his…

Canadian and U.S. postal workers demand a just contract

Home » Editorials » Canadian and U.S. postal workers demand a just contract Roughly 55,000 Canadian postal workers went on strike on Nov. 15.  The Canada Post Corporation, the country’s main postal operator, has cut off disability benefits to members of the Canadian Union of Postal Workers, and all collective bargaining agreements have been canceled.…

The heroic armed resistance in Puerto Rico: WW commentary

The only way for a people and a nation to win liberation from white supremacy, American hypernationalism and global capitalism is revolution. This is true for the entire colonized world but especially for the Puerto Rican colony. Logo of the Armed Forces of National Liberation (FALN) I am a Puerto Rican who loves her nation,…

Six Months of Lies and Pressure: How US and Israeli Interference Stalled Netanyahu’s ICC Arrest Warrant

More than six months after the International Criminal Court’s chief prosecutor sought arrest warrants for Israel’s prime minister and defense minister, a ruling was finally issued Thursday. In the interim, both Israel and the United States took unprecedented steps to obstruct the court’s decision-making process. In May, ICC chief prosecutor Karim Khan publicly announced his…