21/01/2019
By James Albertini | Malu ‘Aina Center for Non-violent Education & Action – TRANSCEND Media Service*
1893 a coup d’état was carried out against Queen Lili’uokalani and the Hawaiian Kingdom by foreign resident business interests with the assistance of U.S. Marines from the USS Boston. An illegal U.S. occupation of Hawai’i has continued ever since. Contrary to popular belief there never was a Treaty of Annexation.
Today, occupied Hawai’i is home to more than 100 U.S. military installations, a runaway tourist industry and settler population that has turned Hawai’i into a playground for rich land speculators.
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Posted in Latin America & Caribbean, Market Lords, Mother Earth, Others-USA-Europe-etc., The Peoples, War Lords |
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21/01/2019
The global economy grew at a “steady” 3.1 per cent last year and similar levels of growth are expected in 2019, but these headline figures mask growth that is uneven and often failing to reach where it is most needed, the UN’s chief economist warned on Monday [21 January 2019].
UNCTAD/Jan Hoffmann | Shipping containers at a port in the Democratic Republic of São Tomé and Príncipe. (file)
“We still have relatively strong growth, but we do see rising risks on the horizon and an increasing likelihood that some of these risks might actually materialize,” said Elliott Harris, United Nations Chief Economist, in comments coinciding with the launch of the World Economic Situation and Prospects 2019 (WESP) report.
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Posted in Africa, Asia, Latin America & Caribbean, Market Lords, Middle East, Migrants and Refugees, Mother Earth, Others-USA-Europe-etc., The Peoples, War Lords |
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21/01/2019
“The question is whether finance will promote economic growth and rising living standards or create unproductive credit and use government to enforce creditor claims by imposing austerity and reducing large swathes of the population to debt peonage.”
Howard Richards
This précis of the pickle that is our prison was written by Michael Hudson.
It could have been written by Yanis Varoufakis; or, perhaps slightly altered, by Joseph Stiglitz, Robert Reich, Bernie Sanders’ advisor Stephanie Kelton, or any of the distinguished scholars committed in their hearts to serving the common good, which I shall call “the Economists on the side of the Angels.” (EA)
Let me start by fleshing out the sort of point of view I take the quote to epitomize with a seven-point telegram. It aspires to highlight typical elements of an EA rap:
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