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Tag: Financial Sector


Private Equity Eyeing Half of U.S. Farmland

“An estimated 400 million acres of farmland in the United States will likely change hands over the coming two decades as older farmers retire,” with the financial industry seeing an opportunity to profit from rising food prices and biofuels, the Inter Press Service reports.

Posted on Feb 23, 2014 READ MORE


American Oligarchs Will Never Cancel the Debts Owed to Them

University of Missouri economist Michael Hudson explains one of the best-kept and most pernicious secrets of contemporary capitalism: Unless the financial scheme underpinning society is restructured, the bulk of debts owed by working and poor Americans can’t and won’t be repaid.

Posted on Nov 30, 2013 READ MORE



Flickr/Paul Hocksenar

The Natural Gas Bubble

The natural gas industry is waging an aggressive public relations campaign to bolster investor confidence, despite evidence showing that shale gas is an unreliable resource and that the production process releases large amounts of methane into the atmosphere.

Posted on Jan 4, 2013 READ MORE



Infrogmation (CC BY 2.0)

How Banks Capture the Economy

The second installment of Michael Hudson’s status report on the U.S. economy identifies debt as the financial sector’s key weapon in the push to extract wealth from governments, companies and families.

Posted on Jan 2, 2013 READ MORE


Bernanke and Buffett Talk About Occupy Wall Street

Chairman of the Federal Reserve Ben Bernanke and multibillionaire Warren Buffett spoke to CNN Money about the Occupy Wall Street protests.

Posted on Oct 7, 2011 READ MORE



Flickr / Michael Gray (CC-BY-SA)

Bank of America Reports $1.2 Billion Quarterly Loss

Bank of America has reported its second straight quarterly loss, $1.2 billion for the last three months of 2010 after a devaluation of its mortgage business.

Posted on Jan 21, 2011 READ MORE


IMF Recession
imf.org

IMF Sees an Even Deeper Recession

A shrinking global economy has many at the International Monetary Fund worried, as economists project that 2009 will see a decline of 1.3 percent in world economic output—the first global recession since World War II.

Posted on Apr 22, 2009 READ MORE


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