economy

The Global South births a new game-changing payment system    
The Global South births a new game-changing payment system    
Challenging the western monetary system, the Eurasia Economic Union is leading the Global South toward a new common payment system to bypass the US Do ...[Read more]
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Biden Shouldn’t Reappoint Powell to Federal Reserve. He’s Too Soft on Wall Street.
Biden Shouldn’t Reappoint Powell to Federal Reserve. He’s Too Soft on Wall Street.
Under Trump, Jerome Powell supported rolling back several financial regulations put in place after the Great Recession. ...[Read more]
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Sri Lanka raids private warehouses after declaring a state of emergency due to food shortages
Sri Lanka raids private warehouses after declaring a state of emergency due to food shortages
Sri Lankan government raided private warehouses outside capital Colombo to seize thousands of tonnes of sugar last week. The raids came a day after the country declaring a state of emergency due to food shortages. ...[Read more]
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Has Covid ended the neoliberal era? | Adam Tooze
Has Covid ended the neoliberal era? | Adam Tooze
The long read: The year 2020 exposed the risks and weaknesses of the market-driven global system like never before. It’s hard to avoid the sense that a turning point has been reached ...[Read more]
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‘A Big Deal,’ Says Sanders as Dems Agree to Pursue a $3.5 Trillion Reconciliation Bill
‘A Big Deal,’ Says Sanders as Dems Agree to Pursue a $3.5 Trillion Reconciliation Bill
Sanders, chair of the Senate Budget Committee, described the spending agreement as the "most significant piece of legislation... since the Great Depression." ...[Read more]
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The House Just Passed the Most Sweeping Labor Legislation of This Generation
The House Just Passed the Most Sweeping Labor Legislation of This Generation
The filibuster stands in the way of the law that makes it easier for unions to form and exist. ...[Read more]
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Bitcoin Could Push Global Emissions Above 2 Degrees Celsius, Scientists Say
Bitcoin Could Push Global Emissions Above 2 Degrees Celsius, Scientists Say
Bitcoin mining may consume more than 120 terawatt-hours of electricity globally this year -- more energy than Argentina. ...[Read more]
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U.S. is worst among developed nations for worker benefits
U.S. is worst among developed nations for worker benefits
Americans have it worse than all other developed nations when it comes to benefits for workers, according to a new ranking. The U.S. places last relative to its national policies around healthcare, unemployment, retirement, parental leave, and paid vacati ...[Read more]
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The GameStop Bubble Is a Lesson in the Absurdity and Uselessness of the Stock Market
The GameStop Bubble Is a Lesson in the Absurdity and Uselessness of the Stock Market
The online pranksters behind the great GameStop bubble of 2021 are probably going to lose a lot of money. But they’ve done the world a service by reminding us of the utter uselessness of the stock market, an institution that serves no purpose besides ma ...[Read more]
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Joe Biden calls for setting aside deficit concerns to invest in ailing U.S. economy
Joe Biden calls for setting aside deficit concerns to invest in ailing U.S. economy
Sen. Bernie Sanders, I-Vt., the runner-up in the 2020 Democratic primary and likely incoming chairman of the Senate Budget Committee, praised Biden's comments in a Saturday interview. "The president-elect is exactly right that this is not the time for aus ...[Read more]
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NYC Gears Up For Coronavirus Crisis Rent Strike
NYC Gears Up For Coronavirus Crisis Rent Strike
Housing advocates are organizing a massive rent strike May 1 to pressure New York lawmakers to cancel rents during the COVID-19 shutdown. Donnette Leftord, a Flatbush mom of three and an undocumented New Yorker, wouldn't pay her $1,700 month rent next mon ...[Read more]
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