Category Archives: Globalization

Fixing the Panama Canal

The impact of the reduction in Panama Canal capacity illustrates choices we will have to make. Some are more pro-survival than others

Odds of US Bank Failures Rise with Office Space Loan Losses, Fed Interest Rate Mismanagement

US bank pain: Loans for urban office buildings come a cropper as they were already suffering other interest rate losses.

Beijing’s Bid For Influence in the Global South

Even a US propaganda organ is having to take notice of how China is taking advantage of US policy failures, particularly in the Global South.

From the Great Divergence to South-South Divergence

A discussion of the need to replace the Great Divergence framework illustrates how economists often cling to outdated ideas.

Status of US Dollar as Global Reserve Currency and USD Exchange Rates: Long, Slow, Uneven Decline Continues

China’s renminbi keeps losing ground. But tiny “other” reserve currencies combined are taking share from the US dollar.

Prof. Michael Hudson, World Predictions for 2024 (USA, UN, Palestine, Russia And BRICS)

Michael Hudson pulls out his crystal ball to forecast what might be in store for 2024.

Because of Israel’s War Against Palestine, There Are No Innocent Ships at Sea

The Houthis raise the ante in their campaign against ships that could be bound for Israel.

India’s Russian Oil Imports Helped Prevent A Global Polycrisis

India makes a bold claim about spillover benefits from having ignored Western sanctions on Russian oil.

Europe’s Bad China Bluff

A show of Europe’s leaders eyepoking China to try to shift blame for their policy failings.

Honey Trap for Israelis and Americans in the Red Sea

John Helmer provides new intel on Red Sea machinations of various players in response to Houthi action against sea trade with Israel.

Being “Pro-American” Today Means Disaster for Latin America, with “Monroe Doctrine” Coming Back

As the US keeps having its military and geopolitical weakness exposed around the world, Latin America is becoming a new focus.

Breaking News: Chinese, Iranian and Indian Warships Are Now in the Red Sea, Gulf of Aden

As the Red Sea has become a new hot spot, more countries are sending warships to prevent mischief…potentially not just from the Houthis.

China Bans Exports of Rare Earth Tech as Critical Minerals Race Heats Up

China is raising the stakes in the US sanctions war by tightening rare earth screws.

World Bank Enables Private Capture of Profits, Public Resources

The World Bank insists on private finance or economic recovery but does little to ensure profit-hungry commercial finance serves the public