Economy

Ann Arbor (Informed Comment) – The sorts of sanctions and boycotts the United States and its allies are placing on Russia resemble those applied by Washington to Iran off and on in the past decade, though so far the measures in place against Tehran are still far more severe than what has been done to […]

Economy

This isn’t the First Oil Price Shock, but it is the Most Complex in Modern History

The Conversation

By Scott L. Montgomery, University of Washington | – The world is in the grip of an oil price shock. In just a few months, prices have risen from US$65 a barrel to over $130, causing fuel costs to surge, inflationary pressure to rise and consumer tempers to flare. Even before Russia’s invasion of Ukraine, […]

Bernie Sanders

Democrats in Congress Want Windfall Tax on Big Oil, Consumer Rebates, and cheap Green Energy

Juan Cole

Ann Arbor (Informed Comment) – Senator Sheldon Whitehouse (D-RI) has introduced, and several other congressional Democrats have co-sponsored, a bill to curb big petroleum companies engaged in profiteering. Whitehouse said at his site, “We’ve seen this script before, and we cannot allow the fossil fuel industry to once again collect a massive windfall by taking […]

Corruption

It’s Not Just Inflation — It’s Price Gouging

OtherWords

By Lindsay Owens | – ( Otherwords.org) – If you’ve been slammed lately by higher prices on everything from groceries to rental cars and gas prices, you’re probably wondering what on earth is behind these skyrocketing costs. Corporations are quick to blame this new reality on the pandemic, but another major culprit is hiding in […]

Russia

Russia in Ukraine: Is Turkey’s neutrality Option Viable?

Middle East Monitor

By Omar Kosh | – ( Middle East Monitor ) – Turkish politicians waited for several days before describing the events in Ukraine as a “state of war”, after first referring to it as the Russian invasion. Russia itself, meanwhile, refers to it as a “military operation”, in order to avoid the consequences, especially those […]

Inequality

Let’s Go after the Ill-Gotten, Tax-Evading Gains of All Oligarchs, not just Russian Ones

Sam Pizzigati

( Inequality.org ) – Can we please get serious about taxing the rich? Polls show that hefty majorities of people in the United States — and around the world — believe the rich ought to be paying more at tax time. Yet our contemporary don’t-tax-the-rich era has now entered its fifth consecutive decade. Egalitarian tax […]

Employment

Joe Manchin’s America: The Resurgence of the Culture-of-Poverty Debate

Liz Theoharis

( Tomdispatch.com ) – As if killing the Child Tax Credit, blocking voting rights, gutting key climate legislation, and refusing living wages wasn’t enough, West Virginia Democratic Senator Joe Manchin is now promoting legislation that further punishes the poor and marginalized. Along with Florida Republican Senator Marco Rubio, he’s introduced the PIPES Act, which undercuts […]

Corporations

Is the Gutting of Newspapers by Private Equity Firms the Nail in the Coffin of Democracy?

Sam Pizzigati

Profit maximizing in the newspaper industry is corroding the knowledge base that sustains government by the people. ( Inequality.org ) – Has the unthinkable, the Swedish political scientist Bo Rothstein mused earlier this month, now entered the realm of real possibility? Could democracy in the United States be disappearing? Millions of Americans are worrying about […]