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ECONOMICS

 

Local Government Pain and Rolling Political Failure in the US

The financial and automotive sector bailouts of 2008-09 effectively transferred enormous quantities of private sector debt onto the public sector... Local government in the US is not an insignificant backwater. States, counties, and cities now employ 14.4 million people (about 7.3 percent of the working population), and they collect about $2 trillion (about 13 percent of GDP) in taxes and duties of various kinds. (1) The recession has been choking local tax collections for three years now... tax receipts at the state level in FY2010 declined 12 percent below that of FY2008. And so states’ expenditures fell from $687 billion in FY2008 to $613 billion in FY2010... This is a dark prospect...

David KERANS | 23.08.2010


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The «Northern Front» of Global Energy Wars

The probability is rather high the geopolitical battles around the North Stream will intensify in the near future. The USA acts as the leading instigator. One can expect the Scandinavian and Baltic states, as well as Poland to renew the previous attacks against the project. It’s not excluded the project will join the agenda of the impending top-level meetings: the G8 summit on May 18-19 in the US President’s Camp David country retreat and the NATO summit on May 20-21 in Chicago...

Pyotr ISKENDEROV | 15.05.2012


 

A European Market Blow

Has Italy voted Mario Monti for Berlusconi and Greece gone for Lucas Papademos to replace Papandreu? None was elected in lawful elections, both are former members of European Financial Organizations, academically trained in USA, members of Trilateral Commission and Goldman Sachs, just to say that with them in power the PIIGs are unquestionably under the control of any dictates given by the IMF, CEB, EU. This has already happened in Third World economies, and now it is happening in Europe, being these dictates associated with austerity and privatization...

Carlos Pereyra MELE | 26.11.2011


 

The Roads To War And Economic Collapse

Belief in Washington’s trustworthiness even pervades the Russian government, which apparently, according to Medvedev’s statement, would be reassured by a “legally binding guarantee” from Washington. After the massive lies told by Washington in the 21st century --”weapons of mass destruction,” “al Qaeda connections,” “Iranian nukes” - why would anyone put any credence in “a legally binding guarantee” from Washington. The guarantee would mean nothing. How could it be enforced? Such a guarantee would simply be another deceit in Washington’s pursuit of world hegemony...

Paul Craig ROBERTS | 25.11.2011


 

Putin in Beijing: testing new political course

Though Vladimir Putin planned his two-day visit to Beijing (from October 11 to 12) as the current Prime Minister in the result but arrived there as the future president. It is quite symbolic that in his new status Putin made his first foreign to China where he definitely could not avoid speaking about changes in the Russian foreign policy, which is by all accounts turning towards the East. The receiving party, which traditionally gives Putin a warm welcome, has seized the shift of Moscow’s foreign policy and the commonality in setting strategic tasks on the global level...

Igor TOMBERG | 18.10.2011


 

Public component of Russia-China Energy dialogue

The coming visit of Russia’s Prime Minister Vladimir Putin to China on October 11-12 will be aimed at giving stability to the Russian-Chinese strategic partnership in the economy. Energy industry traditionally tops the list of complicated and sometimes pressing issues of the Russian-Chinese partnership...

Igor TOMBERG | 06.10.2011


 

A Structural Decline in US Legitimacy

This recession reflects structural weaknesses in the US economy which are more liable to intensify than to recede. The salient structural weakness is the erosion of mid-level white collar jobs that provided several generations of Americans with good wages and opportunities to rise up the career ladder... Slowly but surely, it is dawning on more and more people that enrichment of the few at the expense of the many is much more than a function of impersonal forces like globalization and technology...

David KERANS | 02.10.2011


 

Revolt In Libya a Message to Chavez

Latin American commentators read the rebel hit against the Venezuelan diplomatic mission in Tripoli as a message to Chavez supposed to threaten him with being next blacklisted leader after the ousted Gadhafi. It is widely expected that the approach the Empire put to work to destabilize Libya and Syria will in the foreseeable future be employed in Venezuela…The Pentagon, the US intelligence community, the US Department of State, and the corresponding agencies of Great Britain, Spain, Israel, Canada, and others certainly have the task of preventing the re-election of Chavez in 2012 written into their agendas…

Nil NIKANDROV | 03.09.2011


 

Offshore: The Overarching Scourge

The world seems overflowing with crises, ranging from the revolutionary to the financial, and from the economic to the apocalyptic—think, respectively, of the Middle East, Europe's sovereign debt debacle, the ongoing malaise in America, and global warming. Stresses of all kinds have been elevated for several years, and it would be rash to forecast a return to relative calm and stability across the lion's share of the globe any time soon...

David KERANS | 31.08.2011


 

Does European Union’s «engine» «knock»?

The results of 1H 2011 revealed in mid August became like cold shower for all the optimists and first of all for the German government.   If in the first quarter a steady growth of GDP was stated (by 5% in comparison with the same period of previous year), the on- the- quarter growth in the second quarter was almost flat – only 0.1%, the lowest figure since the beginning of 2009, when the global financial economic crisis was at its peak.

Vladimir NESTEROV | 29.08.2011


 

Where should we put money now, or gold as the basis of state sovereignty

The default, which did not happen in the US on August 2, and the following drastic declines on global stock markets (after the raise of the US debt ceiling and the decrease of US credit rating from AAA down to АА+) have made us listen to those experts who had been talking not only about the coming new wave of crisis, but also about the consequences of the neo-liberal economic model, which became the main source of the emerging economic and political problems... The crisis has made it clear that no economy exists apart from politics and vise versa. This is valid on global scale...

Yuri GAVRILECHKO | 22.08.2011




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OUR COLUMNIST
    Igor IGNATCHENKO

«Europe’s Hugo Chavez»

Hungarian premier Victor Orban clearly stands in the way of the plans of the global elite for Europe. Hungary’s new constitution which was passed in the spring of 2011 and entered into force on January 1, 2012 unequivocally placed emphasis on Christian legacy and nationhood and was immediately seen as a challenge by the forces of global governance. It happens to be the first constitution in Europe reflecting a radical departure from multiculturalism and the present-day brand of tolerance, which in practice translate into the erosion of national identity and infinite acceptance of moral deviance...

20.05.2012
 
 
 
 
 
 
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