One of the benefits of the massive inequality in the distribution of wealth is that the vast majority of us can sit back and enjoy the show when stock markets go into a worldwide panic, as they have been doing for the last couple of weeks. Despite what you hear in the media, fluctuations in the stock market generally have …
Michael Hudson – Whitewashing the IMF’s Destructive Role in Greece
This autumn may see anti-austerity coalitions gain power in Portugal, Spain and Italy, while Marine le Pen’s National Front in France presses for outright withdrawal from the eurozone. These countries face a common problem: how to resist the economic devastation that the European Central Bank (ECB), European Council and IMF “troika” has inflicted on Greece and is now intending to …
Dahr Jamail – The World on Fire: Record-Breaking Wildfires, Greenland Melting and Earth’s Hottest Month Ever
When I go up into the mountains, I’m used to being afforded magnificent views of alpine meadows filled with wildflowers, crystal-clear mountain streams, glaciers tucked under the shoulders of high valleys, stratified ridges arcing into the sky, and views so far into the distance one can sense the curvature of earth. But on August 22, as I carefully climbed my …
Sam Husseini – Sanders’s Screwy Mideast StrategyBy Sam Husseini
There’s an old joke about two elderly men at a Catskill resort. One complains: “The food here is horrible.” The other vigorously agrees: “Yeah, I know — and the portions are so damn small!” Along those lines, several writers have noted that Sen. Bernie Sanders has been scant in terms of his foreign policy — small portions. But there’s also the …
RUHR-UNIVERSITY BOCHUM – How the mind sharpens the senses
A study conducted with experienced scholars of Zen-Meditation shows that mental focussing can induce learning mechanisms, similar to physical training. Researchers at the Ruhr-University Bochum and the Ludwig-Maximilians-University München discovered this phenomenon during a scientifically monitored meditation retreat. The journal Scientific Reports, from the makers of Nature, has now published their new findings on the plasticity of the brain. Participants of the …
Air pollution associated with increased heart attack risk despite ‘safe’ levels
London, UK – 30 Aug 2015: Particulate matter and NO2 air pollution are associated with increased risk of severe heart attacks despite being within European recommended levels, according to research presented at ESC Congress today by Dr Jean-Francois Argacha, a cardiologist at University Hospital Brussels (UZ Brussel-Vrije Universiteit Brussel), in Belgium.1 “Dramatic health consequences of air pollution were first described in …
Why The Great Petrodollar Unwind Could Be $2.5 Trillion Larger Than Anyone Thinks
Last weekend, we explained why it really all comes down to the death of the petrodollar. China’s transition to a new currency regime was supposed to represent a move towards a greater role for the market in determining the exchange rate for the yuan. That’s not exactly what happened. As BNP’s Mole Hau hilariously described it last week, “whereas the daily fix …
Alan Nasser – The Myth of the Middle Class: Have Most Americans Always Been Poor?
One of the most firmly entrenched myths of the American Ideology is that the U.S. is a “middle class society,” a “land of opportunity” where anyone who works hard has the opportunity to achieve the standard of living which has made America “the envy of the world.” A common, and spot on, rejoinder has been to remind us that America …
Prof. James F. Tracy – The CIA and the Media: 50 Facts the World Needs to Know
Since the end of World War Two the Central Intelligence Agency has been a major force in US and foreign news media, exerting considerable influence over what the public sees, hears and reads on a regular basis. CIA publicists and journalists alike will assert they have few, if any, relationships, yet the seldom acknowledged history of their intimate collaboration indicates a …
Ralph Nader – Lo, the Poor Enlightened Billionaire!
Among the hundreds of billionaires and megabillionaires in the U.S., there are more than several enlightened persons upset by the problems our society faces who could make serious improvements possible. The next step is breaking down a roadblock of sorts. A prominent, very rich businessman summed it up when he said to me: “Ralph, we all know how to make …










