‘The global economy was an economy of two halves, the halve-nots and the halves- everything. I have pointed out a number of times, that in many major economies, especially the biggest of them all, the USA, the top 10% spend as much as the bottom 80% on personal consumption. The top 10% rely heavily on capital gains, and their spending habits are shaped by the status of the share and bond markets.
Remove these capital gains enjoyed by a tiny minority in each country and the global economy implodes. The world economy is now addicted to these bubbles, though the fix needed keeps growing. Nothing could be unhealthier. A capitalist economy driven by low interest rates feeding speculation rather than a high rate of profit feeding investment has scrambled the DNA of capitalism.[my emph. WB]
“Grassroots” defenders of pesticides and GMOs keep on faking it! Report by Jonathan Matthews
Five thousand tractors caused severe disruption in Berlin last week as farmers protested against the German government’s environmental protection policies. These include plans to limit the use of fertiliser in order to tackle nitrate pollution in groundwater, and to phase out glyphosate by 2023 to protect biodiversity. Continue reading →
That may be true or may be not true. Here is what happened.
On Friday a volley of some 30 107mm Katyusha rockets hit the K1 base which houses Iraqi and U.S. troops near Kirkuk, Iraq. One U.S. mercenary/contractor died, two Iraqi and four U.S. soldiers were wounded. Instead of finding the real culprits – ISIS remnants, disgruntled locals, Kurds who want to regain control over Kirkuk – the U.S. decided that Kata’ib Hizbullah was the group guilty of the attack.
First published on August 22, 2017, this authoritative report by Dr. Al- Azzawi addresses the war crimes committed by the US and its allies through the use of depleted uranium (radioactive) ammunition, resulting in countless deaths attributable to the spread of leukemia among children, congenital malformations, breast cancer. etc. Dr. Al-Azzawi is a Research Associate of the Centre for Research on Globalization (CRG).
China’s exit in October 1949, from the sphere of US control, was perhaps the heaviest blow to strike American post-World War II global hegemony. China’s successful drive for independence had been anticipated in Washington for many months.
Julian Assange is dying inside Belmarsh Prison in London. Those are his own words, relayed through English journalist Vaughan Smith, who revealed that the Wikileaks founder called him on Christmas Eve to share his greetings. Smith also divulged that Assange told him he is kept in solitary confinement 23 hours per day and is often sedated.