The decline in US GDP reported for the first quarter is not a big deal, and it is very possible that it will be reversed when the data is revised over the next two months. But it is the wrong direction. If Donald Trump envisions that we will surpass China and retake the leadership as the world’s dominant economy, we are so far going the wrong way.
EU politics
German Foreign Policy: Export World Champion under Pressure
Berlin seems ready to envisage a revival of the Transatlantic Trade and Investment Partnership (TTIP). This strategic decision is accompanied by a clear frontline position against China, as was resolutely demanded by the Trump administration. […]
Geopolitics
Ali Abunimah – ICC warrants both historic and cynical
It’s clear that ICC chief prosecutor Karim Khan is playing politics, but that doesn’t mean what he has announced today is not a seismic blow to Israel. In ‘Electronic Intifada’. Read the article HERE.
Austerity
Dean Baker – Why Do the Media Provide Cover for Austerity Cranks, Like the Folks Running the EU?
Just because the EU has declared austerity is over, it is not. To the contrary it is continuing unabated in reality, just not according to state and corporate media. Dean Baker is an American macroeconomist […]
Be the first to comment