Even as other nations tighten budgets for weapons amid domestic financial concerns, US manages to sell $40 billion in one year. The U.S. sold more weapons than any other country in 2015 despite a drop in the global arms trade, according to a new congressional report. At $40 billion, the U.S. signed more than half Read More…
Business
ALEC: The Organization That Allows Corporations To Write Legislation
“As difficult as it was for me, I’ve come to an inescapable and profoundly disturbing conclusion. I believe that an elite group of people and the corporations they run have gained control over not just our energy, food supply, education, and healthcare, but over virtually every aspect of our lives; and they do it by controlling the world of finance. Read More…
Irrational Exuberance in US Stock Market Grasps at 20K for Dow
Since Trump’s election, the US stock market has climbed unstoppably along a remarkably steep path to round off at a teetering height. Is this the irrational exuberance that typically marks the last push before a perilous plunge, or is the market reaching escape velocity from the relentless gravity of the Great Recession? This burst of enthusiasm in response to Trump’s victory, flew in the Read More…
Italy Proves That Banks Are Not The Risk-Free Fantasy We’re Told To Believe
In the late 1400s, the city-states of Italy were among most dominant powers in the world. Most of the city-states had abandoned the feudal system that persisted across Europe. So Italy was one of the only places on the continent where anyone, including foreigners, could work hard, take risks, and become wealthy. People could start Read More…
Pharma Execs Arrested in Conspiracy to Create Opioid Addicts for Profit
Just under the radar of the American dream is a terrible crisis ruining families, destroying communities and killing people who are just too young to die. Overdoses from opioids, synthetic opioid drugs, and heroin have become a genuine epidemic, killing tens of thousands of Americans a year, swamping emergency emergency services and creating a booming economy Read More…
The TPP is Dead. Long Live the TPP.
The National Diet of Japan made a very strange move this past week: They ratified the TPP. Strange, that is, because the TPP is dead. President-Elect Trump has already said he is committed to pulling the US out of the deal on day one in office. Did Japan not get the message? The TPP’s kicked Read More…