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Jack Rasmus – Today’s Global Financial Faultlines

In the past year the stock markets in China erupted, contracting by nearly 50% in just three months, after having risen in the preceding year by 130%–truly a ‘bubble event’. That collapse, commencing in June 2015, continues despite efforts to stabilize it. Chinese bankers then injected directly $400 billion to stem the decline. Including other government and private sources, estimates …

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These Are the World’s Most Miserable Economies

Thanks to off-the-charts inflation, Venezuela will probably retain the dubious honor of being the most miserable economy for a second year. Galloping inflation at an annual average of 98.3 percent last year alongside 6.8 percent unemployment earned the South American country the runaway top spot on the 2015 misery index. With no end in sight for Venezuela’s economic woes — estimates in Bloomberg surveys predict consumer price growth of …

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Ben White – What Clinton said in her paid speechesd

NEW YORK — When Hillary Clinton spoke to Goldman Sachs executives and technology titans at a summit in Arizona in October of 2013, she spoke glowingly of the work the bank was doing raising capital and helping create jobs, according to people who saw her remarks. Clinton, who received $225,000 for her appearance, praised the diversity of Goldman’s workforce and …

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Joseph Stiglitz – What’s Holding Back the World Economy?

Seven years after the global financial crisis erupted in 2008, the world economy continued to stumble in 2015. According to the United Nations’ report World Economic Situation and Prospects 2016, the average growth rate in developed economies has declined by more than 54% since the crisis. An estimated 44 million people are unemployed in developed countries, about 12 million more than …

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Rajesh Makwana – A new era of global protest begins

In line with the steady rise in social unrest over the past decade, it’s likely that we will witness an unprecedented escalation in large-scale citizen protests across the globe in 2016 and beyond. Research by Dr. David Bailey provides empirical evidence for what many activists and campaigners have long suspected: that we have entered a prolonged period of dissent characterised …

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Jeff Bryant – How Much Do We Hate Our Children?

When President Barack Obama recently made an impassioned plea to do something about the proliferation of gun violence in America, he drew upon the images of elementary school children gunned down in Newtown, Connecticut to engage our emotions. “First graders,” he exclaimed, with tears coursing down his cheeks. His reference to the Sandy Hook Elementary School shooting seemed like a …

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Someone Is Trying To Corner The Copper Market

It may not be as sexy as gold and silver, but sometimes even doctor copper needs a little squeeze and corner love as well, and according to Bloomberg, that is precisely what someone is trying to do. One company whose identity is unknown, is “hoarding as much as half the copper available in warehouses tracked by the London Metal Exchange.” …

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The ‘Real’ Price Of Oil Is Below $17

“You see a big destruction in the income of the oil and commodity producers,” exclaims on analyst but, as Bloomberg notes, while oil prices flashing across traders’ terminals are at the lowest in a decade, in real terms the collapse is considerably deeper. Adjusted for inflation, WTI is its lowest since 2002 and worse still Saudi Light Crude is trading …

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Joseph Stiglitz – The Great Malaise Continues

NEW YORK – The year 2015 was a hard one all around. Brazil fell into recession. China’s economy experienced its first serious bumps after almost four decades of breakneck growth. The eurozone managed to avoid a meltdown over Greece, but its near-stagnation has continued, contributing to what surely will be viewed as a lost decade. For the United States, 2015 …

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Leid Stories – 12.24.15

It’s ‘Free Your Mind Friday!’ A Whole Day Early!
The Grinch steals tomorrow, but “Free Your Mind Friday” won’t be among his Christmas loot. It’s “Free Your Mind Thursday” on Leid Stories—the gift of gab a whole day early!
Add your distinctive flavor to this tasty intellectual soup. Call in (888-874-4888) and dish on the issues of the day.