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Tag: Economics

VIDEO: Michael Hudson: The TPP and Europe’s Central Bank Against Syriza

Acclaimed heterodox economist Michael Hudson tells The Real News Network that if passed, the Trans-Pacific Partnership trade deal will overturn state sovereignty, and that leading IMF economists have described the organization as captured by private bond holders.

Posted on May 28, 2015 READ MORE



United Nations: Global Finance Must Face Up to Climate Challenge

Trillions of dollars need to be redirected into building low-carbon economies to avoid serious climate change, the U.N. warns.

Posted on May 28, 2015 READ MORE



India’s Coastal Villages Map Out Disaster Strategy

The Indian Ocean can be an angry and sometimes lethal neighbor, but those who live beside it are learning to prepare for its next onslaught.

Posted on May 27, 2015 READ MORE



Heat and Drought Pose Threat to U.S. Power Supplies

Global warming will leave people in the Western states of the U.S. exposed to increasingly extreme temperatures that could seriously affect electricity generation.

Posted on May 23, 2015 READ MORE



An Exclusive Excerpt From ‘Trade Is War’

In his new book, subtitled “The West’s War Against the World,” international trade expert Yash Tandon challenges the notion that free trade helps countries develop. Instead, he finds, it often fosters poverty and violence.

Posted on May 22, 2015 READ MORE



Cutting Warming to 1.5°C Could Endanger Food Supply

Scientists say meeting the tougher demands of many countries on limiting global temperature rise may be technically feasible, but would risk worsening world hunger.

Posted on May 22, 2015 READ MORE



Pakistan Turns Desert Into a Sea of Solar Panels

Economic links with China help Pakistan tap into enormous solar energy potential that can provide clean power to boost production and reduce poverty.

Posted on May 21, 2015 READ MORE



First Head of State Backs Campaign to Save the Planet

Hungary’s president supports an ambitious plan to collect a billion signatures on a petition aimed at pressuring politicians to agree on radical measures to tackle global warming.

Posted on May 20, 2015 READ MORE



Weather Events Taken to Extremes by Climate Change

Scientists warn that global warming could greatly increase the likelihood of record frequency and intensity of droughts, floods and heat waves.

Posted on May 18, 2015 READ MORE



Green City Vancouver Offers Clean Alternative to Tar Sands Boom

Canada has been dubbed an international disgrace for its climate change policies, but now one of its major cities is aiming to be the greenest in the world by 2020.

Posted on May 13, 2015 READ MORE



Seas Generate a Rising Tide of Ideas on Renewables

The E.U. says it’s time for tides to provide energy for Europe from the Atlantic and end reliance on the burning of polluting fossil fuels.

Posted on May 11, 2015 READ MORE



Tree-Based Farming Could Deliver Abundant Benefits

In addition to mitigating the effects of climate change, forests can help alleviate hunger and provide a safety net for some of the world’s poorest people.

Posted on May 8, 2015 READ MORE



U.S. Braces for Even Worse Wildfire Season

Years of drought and higher temperatures mean the chance of devastating wildfires in the southwest U.S. is higher than ever—particularly in southern California.

Posted on May 3, 2015 READ MORE



High Anxiety That Mountain Peaks Are Warming Faster

Scientists call for an international effort to learn why temperatures on some mountains appear to be rising faster than in nearby lowlands.

Posted on Apr 29, 2015 READ MORE



Energy Storage Would Play Major Role in a Green Future

As the battle to phase out fossil fuels heats up, finding economically viable ways to store surplus electric power is becoming vital.

Posted on Apr 26, 2015 READ MORE



Galileo’s Middle Finger

As is true of any human endeavor, the pursuit of science cannot be entirely objective — ideology and economics inevitably play roles.

Posted on Apr 24, 2015 READ MORE



Global Conference Urges Ban on Uranium Mining and Nuclear Power

It’s time to end the myth that nuclear power is a cost-effective, practical or safe response to climate change, the World Uranium Symposium declared.

Posted on Apr 24, 2015 READ MORE



‘Water Man of India’ Makes Rivers Flow Again

Revival of traditional rainwater harvesting has transformed the driest state in India and could be used to combat the effects of climate change across the world.

Posted on Apr 8, 2015 READ MORE



Addressing the Senate, an Anti-Austerity Economist Criticizes U.S. Budget Policy

There is much confusion, politically sown, about what debt is, what it does and what it costs. This includes the false ideas that the government deficit is unsustainable, that “entitlements” are bleeding us and that paying interest on the national debt displaces money that would otherwise be spent on public programs.

Posted on Mar 13, 2015 READ MORE



Prices Fail to Reflect Fossil Fuels’ Real Costs

The price that consumers pay for fossil fuels is appreciably lower than the true cost to society, U.S. researchers say. However, solar power and wind power are much cheaper than they might seem.

Posted on Mar 8, 2015 READ MORE


The Age of Cryptocurrency

Posted on Jan 30, 2015 READ MORE



The Age of Cryptocurrency

A new book examines Bitcoin, a “highly disruptive technology” that has the modest goal of “freeing people from the tyranny of centralized trust.”

Posted on Jan 30, 2015 READ MORE



AP/Petros Giannakouris

A 21st Century Left Rises: Syriza’s Victory and Its Relevance for the U.S. and the World

A question looms large in the wake of the Greek elections: Can democracy defeat the rule of the 1 percent?

Posted on Jan 27, 2015 READ MORE



The Failure of Republican Economics

Dynamic scoring is the magical-mystery math Republicans have been pushing since they came up with supply-side “trickle-down” economics.

Posted on Dec 29, 2014 READ MORE



Pope Francis to Issue ‘Unprecedented’ Edict on Climate Change

Could the pontiff achieve a feat that has eluded secular powers and inspire decisive action on climate change?

Posted on Dec 28, 2014 READ MORE



One in Five Young Adults Lives in Poverty

The U.S. Census Bureau shows “the generation that has been dismissed as entitled and whiny is struggling with higher levels of poverty than their counterparts did in 1980,” when one in seven 18-to-34-year-olds lived in poverty, The Guardian reports.

Posted on Dec 26, 2014 READ MORE



Austerity-Hit Britons Have Sex Less Than Once a Week

A British Observer survey found that the average British adult has sex just four times a month, a drop from a 2008 figure of seven times a month, prompting questions of whether the change has anything to do with the ongoing economic doldrums.

Posted on Sep 28, 2014 READ MORE



Climate Action and Economies Can Grow Together

A new global commission report by major political and business figures refutes the claim that economic expansion and tackling climate change can’t both be achieved at the same time.

Posted on Sep 18, 2014 READ MORE



1000 Words / Shutterstock.com

Neo-Liberal Austerity Keeps Europe Down

Given the current dismal state of the European Union economy, which is now firmly under German control, one must ask why Angela Merkel and her government continue to champion austerity, seemingly against all reason.

Posted on Aug 26, 2014 READ MORE


‘Let Markets Rule Us’

An old, creepy recording shows the Milton Friedman Choir singing that corporations are society’s saviors, that rule and decision making are best left to the so-called free market, and that other moral considerations for the business class should be absolutely gotten rid of.

Posted on May 26, 2014 READ MORE



Are Public Banks Unconstitutional? No. Are Private Banks? Maybe

The movement to break away from Wall Street and form publicly owned banks continues to gain momentum. But enthusiasts are deterred by claims that a state-owned bank would violate constitutional prohibitions against “lending the credit of the state.”

Posted on May 18, 2014 READ MORE



Thomas Frank Locates Thomas Piketty’s Blind Spot

The celebrity economist’s proposal of an “international IRS” as a means to end rampant wealth inequality falls far short of methods that exist in the American tradition, Salon columnist Thomas Frank writes in a critique of the best-selling “Capital in the Twenty-First Century.”

Posted on May 18, 2014 READ MORE



What You Need to Earn to Rent a Decent One-Bedroom in America

Unsurprisingly, the “housing wage” is much higher than the minimum wage in much of the country.

Posted on Apr 26, 2014 READ MORE



The Insider’s Economic Dictionary: R Is for Rentier

Race to the bottom: A term for dog-eat-dog competition by which countries compete by cutting wage levels so as to produce in the cheapest market, not by raising wages and labor productivity.

Posted on Apr 14, 2014 READ MORE



The Insider’s Economic Dictionary: P Is for Ponzi

Parasitism: In biology, parasites develop a strategy of gaining control of the host’s brain in order to obtain nourishment by masquerading as its natural progeny or as a part of its body. For economies, the brain in question is the government.

Posted on Apr 13, 2014 READ MORE



Neoliberalism and the Machinery of Disposability

What has emerged in the new America is an intensification of the practice of disposability in which more and more individuals and groups are now considered excess, consigned to zones of abandonment, surveillance and incarceration.

Posted on Apr 10, 2014 READ MORE



Are Corporations Really Hogging Workers’ Wages?

Some of the most respected economists in the world are telling Americans their employers have been taking an increasing share of their earnings over the past four decades. The truth is a bit more complex.

Posted on Apr 9, 2014 READ MORE



Capital in the 21st Century

In his new book, French economist Thomas Piketty reminds us that within the dynamics of capitalism is a natural and destabilizing tendency toward inequality of income, wealth and opportunity.

Posted on Apr 4, 2014 READ MORE



Climate Scientists 3, Economists 0

According to a recent study, when it comes to the accuracy of forecasts and projections, climate scientists are much better at the game than economists.

Posted on Mar 14, 2014 READ MORE


Nomi Prins on American Oligarchy

In this excerpt from the March 13, 2014 edition of Truthdig Radio, author and Truthdig contributor Nomi Prins says just a few families hold most of the power in the United States.

Posted on Mar 13, 2014 READ MORE



The Inevitability of Income Inequality

Inequality is endemic to the core structure of an America that operates more as a plutocracy than a democracy. It is an inherent result of the consolidation of a substantial amount of both financial power and political influence in the hands of a few families.

Posted on Mar 11, 2014 READ MORE



Suffering? Well, You Deserve It

An Oxford scholar warns that our outmoded economic model is a “warrant for inflicting pain” first on the poor and minorities and eventually on most of society.

Posted on Mar 2, 2014 READ MORE



Gage Skidmore (CC-BY-SA)

How a Couple of Austrians Messed Up Washington

One of my favorite moments during the 2012 Republican presidential contest came when Ron Paul, fresh from his strong showing in Iowa, triumphantly told his supporters: “We’re all Austrians now!”

Posted on Feb 12, 2014 READ MORE



Robert Gourley (CC BY-NC 2.0)

Why the Three Biggest Economic Lessons Were Forgotten

Why has America forgotten the three most important economic lessons we learned in the 30 years after World War II?

Posted on Feb 12, 2014 READ MORE


Debt Is a Weapon for Taking Your Things Away

The treasured University of Missouri, Kansas City economics professor Michael Hudson explains to RT how debt is used “as a means of foreclosing on property and transferring” it “from the debtor to the creditor.”

Posted on Jan 20, 2014 READ MORE


Believe

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Don't laugh...You still believe in trickle-down economics.
Posted on Dec 12, 2013 READ MORE



Pink Sherbert Photography (CC BY 2.0)

The Insider’s Economic Dictionary: I Is for Ideology

Ideology: A set of assumptions so appealing that one looks at their abstract logic rather than how the world actually works. (See Insanity.)

Posted on Nov 29, 2013 READ MORE



Shutterstock

Obamacare’s 787 Moment

The problems of the Affordable Care Act’s health care exchanges will not be solved by a new round of outsourcing. Just ask Boeing.

Posted on Nov 6, 2013 READ MORE



i am real estate photographer (CC BY 2.0)

Nobel Prize-Winning Economist Says Buying a House Is a Bad Idea

If the housing crisis wasn’t enough to turn you off of buying real estate, listen to economist Robert Shiller: Houses are poor investments, and they pretty much always have been.

Posted on Oct 16, 2013 READ MORE


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