Voltaire Network, Monday, August 22, 2011, 13:20 GMT – Voltaire Network is concerned about the threats targeting two of its team members in Tripoli. Mahdi Darius Nazemroaya, Research Associate, Centre for Research on Globalization, and…
Category: Global Issues
America’s current tax system forces people making $50,000 a year to pay a higher rate than hedge fund managers making $2.4 million [4] an hour. Warren Buffett penned an op-ed [5] last week declaring that America’s super-rich have been…
What just happened in the stock market? Earlier this month, the Dow Jones Industrial Average rose or fell by at least 400 points for four straight days, a stock market first. The worst drop was…
Learn more about Disney’s creeping cultural hegemony – read “The Mouse That Roared [3],” Truthout’s Progressive Pick of the Week, reviewed in this article. In American culture, Disney has become synonymous with childhood. Present-day grandparents…
As to currency manipulation, the Fed has manipulated the dollar through near-zero interest rates and lax credit policy. The manipulation of interest rates is an indirect manipulation of exchange rates. The US dollar at one point depreciated from roughly $0.80 against the euro to $1.60 in April 2008. Today, the Fed is again forcing a depreciation of the dollar relative to the yen, euro, and other currencies. Yet, these trading partners have not even made a peep in protest.
It is traditional for politicians to blame foreigners for problems that their own policies have caused. And in today’s zero-sum economies, it seems that if America is losing leadership position, other nations must be the…
Editor’s Note: it is worth reading this excerpt below more than one time, to fully understand the view that the US as a country, and the US government in particular, holds of China. Their view…
The abstract concept of world economy adopted by the West as the theoretical foundation of its financial globalization campaign is obviously getting out of sync with reality. The West’s plan obviously was to create a…
The handshake between President Richard Nixon and Chairman Mao Zedong that began the integration of the People’s Republic of China into the international community has just reached its apotheosis. Over the past two weeks, a…
The prevailing understanding of economic troubles in the U.S. and Europe, the world’s two largest economies, is misunderstood in a number of ways. First: Imagine that you are driving a car down a road packed…