Debt

Southwest Harbor, Maine (Special to Informed Comment) – Digging our way back out of the pandemic recession will not be easy, but we have the advantage of knowing what worked and did not work in the 2008 crisis. Any policy choice today does not operate on a blank slate. No one knows this more than […]

Debt

Why we need a Debt Jubilee for Renters as the Covid eviction Moratorium expires

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – What is going to happen when the eviction protections now scheduled to expire at the end of July finally do so? The rental deficits hanging over some tenants’ heads are so extreme that default is virtually inevitable, and the numbers affected so many that rental debt is […]

Banking

Let Lebanon be Lebanon: Paris should Stop Threatening Beirut with EU Sanctions

John Hickman

John Hickman “Governing Lebanon is surely more daunting than governing France.”[1] That pearl of wisdom in an essay defending consociational democracy by University of Pennsylvania political scientist Brendan O’Leary has never been more accurate. A delicate balance of domestic interests with institutional vetoes at the best of times, Lebanese politics has been stalemated for months […]

Coal

As Solar, Wind costs Plummet, Coal, Gas vastly Over-priced in Bubble that could Burst worse than 2008

Juan Cole

Ann Arbor (Informed Comment) – A new report by RethinkX, a think tank using the ideas of Tony Seba, who teaches Business at Stanford University, demonstrates that the value of fossil fuels and of the electric plants they fuel is vastly overstated by government agencies and financial analysts. Seba and his colleagues point out that […]

China

How incompetent Boob Trump took down America and launched the Chinese Century

Juan Cole

Ann Arbor (Informed Comment) – The twentieth century was dubbed “the American Century” in 1941 by Time magazine publisher Henry Luce. Luce hoped that Americans would abandon their isolationism and seek international allies, joining against the Axis in WW II. It was then more wishful thinking on his part than reality, but his wish arguably […]

Debt

Austerity Terrors: Congress Stimulus Package Finally Passes – but it is Too Little, Too Late

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – 900 billion dollars is a big amount, Apparently one trillion is a whole order of magnitude greater. Or at least the number is so terrifying that politicians bend heaven and earth to avoid being connected with trillion dollar expenditures. And this allergic reaction is bipartisan. In the […]

Debt

The Great American Moonshot: Now we Need a Vaccine for Poverty, Inequality and Racism

Liz Theoharis

( Tomdispatch.com ) – Martin Luther King, Jr., offered this all-too-relevant comment on his moment in his 1967 speech “Where Do We Go from Here: Chaos or Community?”: “The contemporary tendency in our society is to base our distribution on scarcity, which has vanished, and to compress our abundance into the overfed mouths of the […]

Debt

The Pentagon couldn’t Protect us from the Pandemic: Will Biden dare Cut its Budget?

Tomdispatch

By William D. Hartung and Mandy Smithberger | – ( Tomdispatch.com ) – Now that Joe Biden is slated to take office as the 46th president of the United States, advice on how he should address a wide range of daunting problems is flooding in. Nowhere is there more at stake than when it comes […]

Banking

Say no to Austerity for Workers: McConnell and the GOP are about to pull the “We have no money” scam

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – Not surprisingly the national debt is a subject of concern. Liberal and Left economists, most of whom supported the CARES relief package, knew and predicted that once the Trump tax reduction for the rich had become law—despite the massive increases in government debt it entailed– debt would […]