Economy

( Tomdispatch.com) – In mid-October, President Biden announced that the Port of Los Angeles would begin operating 24 hours a day, seven days a week, joining the nearby Port of Long Beach, which had been doing so since September. The move followed weeks of White House negotiations with the International Longshore and Warehouse Union, as […]

Banking

Turkey’s currency crisis is a textbook example of what not to do with interest rates

The Conversation

By Gulcin Ozkan | – Central banks around the globe are currently staring at inflation rates unseen in more than 20 years. Supply chain problems and labour shortages arising from the pandemic, combined with sharply rising food and energy prices, have pushed prices up by as much as 6.2% in the US, 4.2% in the […]

Banking

The Collapse of Turkey’s Currency fuels Power Struggle

Middle East Monitor

By Bakr Sidqi | – ( Middle East Monitor ) – On what was called “Black Tuesday” in the media this week, the value of the Turkish lira against foreign currencies declined sharply, bringing the exchange rate to 13.5 Turkish liras to the US dollar. While experts on the matter in Turkey and elsewhere are […]

Australasia

North America needs to invest in Green Energy in Indo-Pacific or Risk losing key Industry to China

The Conversation

By Jonas Goldman | – The Indo-Pacific region, which includes 24 nations and stretches from Australia to Japan and from India to the U.S. west coast, is home to both the largest concentration of humanity and the greatest source of global emissions. In 2020, the region produced 16.75 billion tonnes of carbon dioxide from the […]

Climate Crisis

To Tackle Climate Change, Hold Fossil Fuel Conglomerates Accountable

Inequality.org

By Samantha Garcia | – ( Inequality.org) – Since the Industrial Revolution, the United States has single-handedly accounted for a quarter of all CO2 emissions produced. As Congress negotiates the details of a historic budget reconciliation package, lawmakers have an opportunity to reverse course, but large fossil fuel corporations are conspiring with politicians through corporate […]

Inequality

Wealthy Americans Get Paid Leave. Shouldn’t the Rest?

OtherWords

By Sarah Anderson | – ( Otherwords.org) – The fight to guarantee paid sick time and family leave faces an uphill battle, but advocates aren’t giving up. By Sarah Anderson | November 10, 2021 For Ruth Martin, the fight for paid leave is both professional and personal. As Senior Vice President of MomsRising, she’s helped […]

Pentagon

Can the Runaway Pentagon Budget ever be Reined in?

Tomdispatch

By Mandy Smithberger and William Hartung | – Even as Congress moves to increase the Pentagon budget well beyond the astronomical levels proposed by the Biden administration, a new report from the Congressional Budget Office (CBO) has outlined three different ways to cut $1 trillion in Department of Defense spending over the next decade. A […]

Debt

The Politics of the Poor in an America on Edge: Lifting from the Bottom So Everyone Can Rise

Liz Theoharis

( Tomdispatch.com ) – When President Biden first unveiled the Build Back Better agenda, it appeared that this country was on the path to a new war on poverty. In April, he told Congress that “trickle-down economics have never worked” and that it was time to build the economy “from the bottom-up.” This came after […]

Congress

Fightin’ Joe Biden Wins big, on Jobs, Covid, the Dow and Infrastructure, but Corporate News downplays Successes

Juan Cole

Ann Arbor (Informed Comment) – The for-profit press thinks it knows what the story in Washington, D.C., is. Joe Biden is a boring president who struggles to get anything done and the Democratic Party is a hot mess of infighting that paralyzes it. Corporate news is the Eeyore of the news world, spreading pessimism and […]