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The Bubble and Beyond

The Bubble and Beyond

By Michael Hudson

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President Obama and Congress Just Gave Your Savings Account to JPMorgan

With the passage of the 2015 federal budget bill, JPMorgan CEO Jamie Dimon got lawmakers to repeal a key part of the 2010 Dodd-Frank financial reform law and allow banks to use the savings accounts of ordinary Americans to gamble in the stock market on behalf of hedge funds, corporations and the rich.

Posted on Dec 14, 2014 READ MORE


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Thousands Fill Streets to Protest Police Racism and Brutality (Video)

Thousands of Americans took to the streets Saturday in Washington, D.C., New York, Boston and elsewhere to protest grand jury decisions not to indict police officers in the deaths of young black men.

Posted on Dec 14, 2014 READ MORE



How an Undercover Cop at a Protest Proved Why We Need to Protest Police Violence

An undercover agent encouraged protesters at a demonstration in Oakland, Calif., against recent police killings to commit crimes, then pulled his gun out on them; a group of net neutrality activists interrupted an FCC meeting to demand commissioners “Reclassify Now!”; meanwhile, a Bible-themed amusement park in Kentucky lost its tax exemptions due to religious discrimination. These discoveries and more after the jump.

Posted on Dec 13, 2014 READ MORE



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Congress Screws Native Americans With Fine Print

Somehow U.S. lawmakers have used a defense spending bill to sell Native American burial ground to mining giant Rio Tinto. Yay, capitalism!

Posted on Dec 12, 2014 READ MORE



A Handful of Corporate Lawyers Have the Supreme Court’s Ear

The marble facade of the U.S. Supreme Court bears the words “Equal Justice Under Law,” but an elite group of attorneys has emerged as first among equals, and they represent corporations, not people.

Posted on Dec 12, 2014 READ MORE



Jobless U.S. Males Are Deprived and Discouraged—Not Lazy

The share of unemployed American men age 25 to 54 has more than tripled since the 1960s. Many want to work, but the wages paid by what few jobs are available don’t support a desirable quality of life.

Posted on Dec 12, 2014 READ MORE



Contested Spending Bill Hangs in the Balance in Congress (Updated)

We’re teetering on the brink of a major holiday season, which can mean only one thing on Capitol Hill: looming legislative deadlock.

Posted on Dec 11, 2014 READ MORE



Report: 48 Dead Due to Alleged Poisoning in Venezuelan Jail

The exact cause of the inmates’ deaths has been the subject of conflicting reports.

Posted on Dec 11, 2014 READ MORE



‘Sabu’ Tells Charlie Rose How He Went From Anonymous Hactivist to FBI Informant

Former-“Anonymous”-hactivist-turned-FBI-informant Hector Xavier Monsegur, aka “Sabu,” has turned to the news media to defend himself against accusations of “snitching” on his colleagues.

Posted on Dec 11, 2014 READ MORE



China Now Has the World’s Largest Economy, Not That It Wanted the Title

The time has come to ponder the implications of China overtaking the U.S. as the largest economy in the world earlier than previously projected; U.K. scientists have made a finding that could help us better treat obesity; meanwhile, perhaps what is most telling about the torture report is not what we can read, but what we can’t. These discoveries and more after the jump.

Posted on Dec 11, 2014 READ MORE


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