The United States is no longer a reliable country. For some, this is nothing new. The Iraq War, launched in 2003 – resulting in over 100,000 deaths, lasting regional destabilization, and the return of Russian influence – had already shown the world the wrondoings of American military hubris. But the current crisis is new because it challenges the very core of the country’s economic, financial, and political power. The US appears disoriented, led by an unstable and erratic leader with no democratic counterweight.
Economics
Bloomberg: Weaker Demand for Chinese Goods Spells End of Shipping Boom
The cost of shipping goods from China has slumped to the lowest level in more than two years as the world economy stumbles, dimming prospects for container carriers that turned in record profits during the […]
Finance
Al Jazeera – Gaza: This is what happens when money dies
Israel has blocked the transfer of currency into Gaza; the result is catastrophic Read Article HERE
Economics
Bill Mitchell: RBA rejects theory that interest rate rises cure Covid and make trucks go faster
“There was an important speech delivered by the Governor of Australia’s central bank today that reveals the reasons that the RBA is once again refusing to be bullied into increasing interest rates rises by the […]
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