Two years after we last investigated the the foreclosure crisis in most affluent black county in America, things aren't exactly looking up—except, maybe, for the banks.
BRICS and the SCO are the two largest independent international organizations to develop over the past decade. What role these new organizations will play internationally is not clear. Certainly sanction regimens will be harder to maintain because the SCO and the BRICS create alternatives. South Africa, for instance, announced that it would begin buying Iran oil in the next few months, an important breach in the sanctions against Iran.
Reader Comments - Fast Food Workers; Ralph Fasanella; US-Africa Leaders Summit; School's Back and Growing Inequality; Twin Plagues of ISIS and Ebola; Diablo Canyon Nuke Plant; Brazil's Elections; Argentina; Victory for Market Basket Workers and Consumers; Fed-Ex Workers Can Organize; New Culture on the Left;
Call for papers on Harry Braverman's Labor and Monopoly Capital;
Today in History - Paul Robeson Returns to Peekskill; Jewish Woman Among the Interned Japanese
Microsoft Corp. is currently sitting on almost $29.6 billion it would owe in U.S. taxes if it repatriated the $92.9 billion of earnings it is keeping offshore, according to disclosures in the company's most recent annual filings with the Securities and Exchange Commission. Such maneuvers -- although often legal -- threaten to signficantly reduce U.S. corporate tax receipts during an era marked by government budget deficits.
Central banks are on a global corporate buying spree not to bail out bankrupt corporations but simply as an investment, to compensate for the loss of bond income due to record-low interest rates.
Reader Comments - Iraq; Ruby Dee; Cecily McMillan and Wall Street; Ukraine; Detroit Shuts Off Water to Thousands; Working Families Party; Civil Rights Movement; Children's Literature and Diversity; Common Core; Testing; Support Philly Jewish school teachers; Gabriel Kolko; Hatriot Politics and Las Vegas Killers; Argentina and US Banks; The Presbyterian Church and Divestment; Net Neutrality; Historic Slave Cemetery Bulldozed In Houston; Freedom Summer 2014
How Wall Street Skims Higher Education. Richard Pryor & Maya Angelou. Documentary: Citizen Koch. John Lee Hooker, Bonnie Raitt, "I'm In The Mood." John Oliver: Stop Cable Company F**kery.
Wall Street skim is driving up the cost of college. Students are saddled with higher tuition and student debt. Taxpayers are covering risky loans and high interest rate for institutional borrowing. And for-profit colleges are overcharging students to drive profit.
One detail Deutsche Bank didn’t account for when it opened The Cosmopolitan of Las Vegas casino: a labor dispute that has reached from Nevada into the bank’s dealings with the Federal Reserve in Washington.
These are the first two parts of a four-part interview with Costas Lapavitsas focusing on the Era of Financialization and the transformations at the “molecular” level of capitalism that are driving changes in economic performance and policy in both high-income and developing countries. Lapavitsas is a professor of economics at SOAS, University of London, and the author of Financialised Capitalism: Expansion and Crisis (Maia Ediciones, 2009)
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