TheRealNews on Oct 4, 2017
“It should be called the Leona Helmsley tax plan,” says economist Michael Hudson. “Only the little people will pay taxes.”
One of the first times I used the phrase “institutional insanity” was in 1973 to describe the behavior of scientist Dixy Lee Ray, chairperson of the presumed regulatory agency, the Atomic Energy Commission (AEC). I pointed out that her personal and academic roles were quite normal. But her running of the AEC—pressing for 1,000 nuclear plants in the U.S. by the year 2000 (there are 99 reactors left in operation now), and going easy on a deadly, taxpayer subsidized technology that was privately uninsurable, lacked a place to put its lethal radioactive wastes, a national security risk, replete with vast cost over-runs, immunities and impunities shielding culpable officials and executives, should a meltdown occur and take out a city or region (all to boil water to produce steam to make electricity)—was a case study in “institutional insanity.”
The Idiotic Lecture I Keep Getting
A recurrent problem with some who read Left essays on U.S. politics is that a writer of such essays can’t criticize a Republican policymaker or politician without some “radical” reader sending that writer a snotty lecture on the writer’s supposed failure to understand that Barack Obama, the Clintons, Nancy Pelosi, and rest of the top Democrats are terrible too.
Higher interest rates will triple the interest on the federal debt to $830 billion annually by 2026, will hurt workers and young voters, and could bankrupt over 20% of US corporations, according to the IMF. The move is not necessary to counteract inflation and shows that the Fed is operating from the wrong model.
It’s Time for the Clintons, Rubin to Go – and Soros, too.
In the week leading up to last Tuesday’s election the press was busy writing obituaries for the Republican Party. This continued even after Donald Trump’s “surprising” victory – which, like the 2008 bank-fraud crash, “nobody could have expected.” The pretense is that Trump saw what no other politician saw: that the economy has not recovered since 2008.
At first glance, Hillary Clinton’s speeches to Goldman Sachs, which she refused to show us but WikiLeaks claims to have now produced the texts of, reveal less blatant hypocrisy or abuse than do the texts of various emails also recently revealed. But take a closer look.
Mega-post, multi-video post
Updated: Oct. 13, 2016
Wikileaks Reveals How Wall Street Buys Influence in the Democratic Party
TheRealNews on Oct 12, 2016
The Intercept’s Zaid Jilani discusses the important revelations in the leaks of Clinton’s Wall Street speeches, John Podesta’s emails, and internal Democratic Party memos.
There is a growing asymmetry between the media’s mounting demands for Donald Trump to release his tax returns (Hillary has done so) and their diminishing demands that Hillary Clinton release the secret transcripts of her $5000 per minute speeches before closed-door banking conferences and other business conventions.
GlobalResearchTV on Jul 24, 2016
The world looks on in horror as Hillary Clinton heads to Philadelphia to be nominated as the Democratic Party’s candidate for the presidency. Yet still the leading lights of the so-called “progressive” movement argue that it is the left’s duty to vote for this neocon warmonger. But the consequences of this strategy may well lead directly to nuclear war. This is the GRTV Backgrounder on GRTV.ca.
Imagine you are a shareholder in a big company and the top executives are sitting on huge amounts of cash and are not interested in putting it to work through productive capital investments, research and development, reducing company debt or paying employees a higher wage. What would you want done about it? Since you and other shareholders are the owners of the company, you’d likely say “give us back our money in cash dividends.”
teleSUR English on Mar 29, 2016
In this episode of Days of Revolt, Chris Hedges continues his discussion with UMKC economics professor Michael Hudson on his new book Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy. Hedges and Hudson expose the liberal class’ allegiance to the predatory creditors on Wall Street and their indifference to real economic justice.
Updated: Aug. 25, 2015
TheRealNews on Aug 24, 2015
Michael Hudson, the author of Killing the Host: How Financial Parasites and Debt Destroy Global Economy, says the stock market crash on Monday has very little to do with China and all to do with shortermism and buybacks of corporations inflating their own stocks.