The Real Reckoning Robert Reich Monday, August 1, 2016 Washington insiders expect a return to politics as usual. I’m already hearing Republicans dismiss Donald Trump as a weird aberration. “Ordinarily, Trump wouldn’t have stood a chance,” a Republican operative told me. “He won because he didn’t have a clear opponent until the very end. And …
Tag: ek Politics
Aug 01 2016
The Big TPP Push
I certainly hope I don’t have to recapitulate right now exactly why the Trans Pacific Partnership is the worst so-called “trade” deal ever including, but not limited to, the fact that the largest beneficiary is Malaysia, an economy based on slavery (yup, actual factual Gone With The Wind cottonpicking sale of human beings as a …
Aug 01 2016
Europe on the Brink
While it may appear that Quitaly has been avoided with the the Bail In “rescue” of Monte dei Paschi, its third largest bank, all they have really accomplished is to spread the weakness among other fictionally solvent banks and saddle depositors with paper of questionable redeemability. Another “victory” like this and we are undone. Italian …
Jul 31 2016
Corbyn on the Economy
Strengthening workers’ rights should be Labour’s priority by Jeremy Corbyn, The Guardian Saturday 30 July 2016 17.00 EDT The economy isn’t working for millions of our people. Real wages have fallen, insecurity and low-paid jobs are spreading, investment is stagnating, corporate scandals are multiplying and Britain is heading for another downturn. Economic failure is a …
Jul 30 2016
Pure Spite
Look, the fact of the matter is that Alberta Tar Sands are no longer economically viable. About a year’s worth of Global demand in superior product is now in storage on land and floating in reconditioned tankers (many were mothballed) at sea. And when I say superior product you have to remember that extracting usable …
Jul 29 2016
Six More Criminal Indictments In Flint Lead Poisoning Scandal
First, let me point out that word “Criminal” in the title. That means people could and should go to jail. Hard time. Orange Jumpsuits and Tin Cups on the Bars time. Good. They poisoned nearly 100,000 people, 8,000 of them children under 5 years old, 62,000 of them Minority (to be fair, 38,000 of them …
Jul 28 2016
Akershus Festning
Michael Foster’s suit to invalidate the decision of the UK Labour Party’s National Executive Committee to allow Jeremy Corbyn’s name to appear on the ballot for Party Leader without nominations from Members of Parliament because of his status as incumbent has failed and Foster will not appeal it. This means the hopes of the Quisling …
Jul 27 2016
What’s the matter with Deutsche Bank?
The problems at Deutsche Bank by John Kay July 22, 2016 In the years before the global financial crisis, bank CEOs competed like schoolboys to demonstrate that ‘my return on equity is larger than yours’. The display was led by Josef Ackermann, chief executive of Deutsche Bank from 2002 and chairman from 2006 to 2012, …
Jul 27 2016
The First Domino
It has been clear since the Euro Crisis began that unless the European Union adopted more Keynesian pro-Growth fiscal policies and more democratic institutions it would ultimately fail, as the economic suffering inflicted on the populace would become unsustainable in any democratic society. Instead what we have seen is an increase in Neoliberal control (the …
Jul 26 2016
Democratic National Convention 2016: Day 2
Session Opens at 4:30 pm ET. Business- Nominations and Roll Call. How that goes? Your guess is as good as mine. 4:55 pm Nomination and Seconding speeches. Sanders up first. Tonight’s Speakers Thaddeus Desmond Dynah Haubert Kate Burdick Anton Moore Dustin Parsons Jelani Freeman Students from Eagle Academy Mothers of the Movement Joe Sweeney Lauren …
Jul 26 2016
The Big Crawlback
It is starting to dawn on the Quisling Blairite Neolib Tory-lites of the Parliamentary Labour Party that their coup de estate against Jeremy Corbyn is a massive failure despite their anti-demcratic machinations to disenfranchise their members. Corbyn leads Owen Smith, a feckless non-entity who was nevertheless seen as more “electable” than the outright Conservatine Angela …
Jul 26 2016
The Crumbling of the Neoliberal Consensus
It’s not just in the United States that the incompetence of Neoliberal elites and failure of Neoliberal policies is causing it to lose its grip on political power in areas which democracy has not yet been totally stifled. We see it in Britain with the Brexit vote and the seemingly inevitable re-election of Jeremy Corbyn …