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Why Arab States Aren’t Using Oil as a Weapon Against Israel

Hafawa Rebhi Jacobin
During the Yom Kippur War in 1973, Arab oil producers cut off exports to Israel’s allies. Faced with today’s Israeli war on Gaza, Gulf states dismiss the idea of using the “oil weapon” — an index of how much they have abandoned the Palestinian cause.

Six Ways Existing Economic Models Are Killing the Economy

Nick Hanauer The American Prospect
Economic models do not, and never can, fully reflect the extraordinary complexity of human markets. The point is to create useful abstractions to provide decision-makers with a sense of the budgetary and economic impacts of a given policy proposal.

Breaking Up (With China) Is Hard To Do

Robert Kuttner The American Prospect
In the absence of more attention to the supply chain, the U.S. is becoming even more reliant on Beijing—and ‘friendshoring’ often increases that dependence.

All Pain and No Gain From Higher Interest Rates

Joseph E. Stiglitz Project Syndicate
In the name of taming inflation, central banks have deliberately set themselves on a path to cause a recession – or to worsen it if it comes anyway. Worse, today's monetary-policy tightening will leave long-lasting scars, there are better responses.

How the Working Families Party Helped the Dems Defy Gravity

Joe Dinkin and Natalia Salgado Medium
Reaction to the Republican Supreme Court’s attack on abortion rights, drove high Democratic turnout, especially among women and young voters, saw Democrats overperform polls in many places, just as in summer special elections in New York and Alaska.

Tidbits – Nov. 10, 2022 – Reader Comments: Elections – No Red Wave; Dangerous Turn in Israel; No Black Players in World Series; Enola Holmes; Resistance Revival Chorus With Rhiannon Giddens “All You Fascists Bound To Lose”

Portside
Reader Comments: Midterm Elections - No Red Wave; Dangerous Turn in Israel; No Black Players in World Series Linked to Decades of Cuts in Public Education; Enola Holmes; Resistance Revival Chorus with Rhiannon Giddens "All You Fascists Bound To Lose"

Can the Hotel Workers’ Union Save the Democrats?

Harold Meyerson The American Prospect
In Nevada, Arizona, and Pennsylvania, the union has been talking to voters about progressive fixes to inflation for months, when Democrats didn’t know what to say.
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