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  • April 5, 2009

    William Blum: Anti-Empire Report, Number 68, 4 April, 2009 Some thoughts about socialism

    Wall Street has not only an army of lawyers and accountants, but a horde of mathematicians with advanced degrees searching for the perfect equations to separate people from their money. Continue reading

    Anti-Empire Report By William Blum, Capitalism, Media
    CIA, collateralized debt obligations, credit default swaps, democracy, derivatives, hedge funds, index funds, Killing Hope, Los Angeles, Miami, New York, Obama, Rogue State, structured investment vehicles, subprime mortgages, United States, Wall Street, Washington Post, William Blum
  • October 2, 2008

    Anti-Empire Report, October 1, 2008 By William Blum

    What changes take place in the real world to cause the crisis? Nothing, necessarily. The crisis is usually caused by changes in the make-believe world of financial capitalism. Continue reading

    Anti-Empire Report By William Blum, Capitalism
    Ahmadinejad, AIG, Capitalism, collateralized debt obligations, credit default swaps, debt, derivatives, hedge funds, index funds, Iran, Iraq, Israel, market, McCain, Obama, regulation, structured investment vehicles, subprime mortgages, Washington Post, William Blum

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The richest 1% owns more than TWICE as much wealth as 6.9 billion people and the super-rich one percent of the world’s population has accumulated twice as much wealth as the remaining 90 percent, global charity Oxfam said in a newly-released report. The world’s richest 1% emit double the carbon of the poorest 50%, the 2020 Oxfam study found.

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