Category Archives: Banana republic

‘Time for Congress to Act’: Sanders, Scott Unveil $17 Federal Minimum Wage Bill

Another push for a minimum wage boost. The gap between the $17 target and the current level of $7.25 an hour is a yawning chasm.

Hunting the Military Extremist: How Disturbed Is the U.S. Military?

On a planet where no other military spends as much, the US is incapable of winning a thing.

Colonialism or Sovereignty? How the Global Financial System Traps Countries in Debt

A deep dive on developing country debt crisis and how they reveal the workings of international finance.

The Impact of Brexit on the UK economy: Reviewing the Evidence

Two-thirds of the British public think Brexit has damaged the economy, and all indications are that they’re right. Where does the UK go from here?

The United States’ Financial Quandary: ZIRP’s Only Exit Path Is a Crash

Michael Hudson takes a long, hard look at the origins and costs of the Fed’s ZIRP policy.

Is Wagner Group Too Big to Fail?

John Helmer gives a somewhat contraian take on the Wagner Group and what the unwind of the Prigozhin affair means for Putin’s reelection.

‘Totally Indefensible’: Biden Nominates Death Squad Backer Elliott Abrams to Diplomacy Panel

Eliot Abrams is a liar and an ex-convict. No wonder the Biden Administration is keen about him.

‘Really Big’: US Supreme Court Ruling Against Norfolk Southern Seen as Rebuke to Corporate Impunity

The Supreme Court nixed a Constitutional challenge to a Pennsylvania registration law that subjects compnaies to its jurisdiction.

America Has Just Destroyed a Great Empire

America is making a mess in trying to preserve its hegemony.

CalPERS Refuses to Spend $1 Million, or $1.30 Each, to Prevent Sale of Personal Data of 770,000 Beneficiaries on Dark Web

How CalPERS is inexcusably throwing nearly 800,000 beneficiaies under the bus in a massive data heist.

A New Third World Debt Crisis? The Need for System Change

Emerging economies look to be on the verge of a whole lotta debt hurt. Why does this happen to them so often?

Bill Black and Michael Hudson on Corruption in Finance

A deep dive into why big money players have become critical to big corruption.

Why Student Debt Is So High

The student loan program is a government-enabled transfer of wealth. How surprising is that?

The War on Terror’s Lingering Pain

The war on terror’s high costs are buried in the US.

Thomas Ferguson: Debt Ceiling Theater and the Trump Parallel Universe

Political scientist Thomas Ferguson discusses Democratic debt ceiling fecklessness, Biden’s wobbly coaliiton, and US instability.