Saints will not preserve Ireland from an invasion of the austerity snakes: the Irish people will have to do that.
Irish Try to Wriggle Free of Mother Merkel’s Hair Shirt of Debt
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Labor, Trade, & Finance
Beating China, Corporate Style
As anxiety about the end of American hegemony abounds and the U.S. unemployment rate remains high, talk about the necessity of out-competing China is on the rise. The leading presidential candidates have zeroed in on China as a major threat to U.S. economic security and have vowed to ensure that the United States remains on top of the global economic ladder.
Vacuuming Up the Pacific’s Resources
The 11th round of the Trans-Pacific Partnership (TPP) negotiations is currently taking place in Melbourne, Australia. Although negotiators have agreed to the broad outlines of the TPP agreement, a new trade issue has created a snag in the process: the inclusion of investor-state dispute settlement provisions. These investor-state dispute settlement provisions, included in U.S. investment treaties and trade agreements with more than 50 countries, give advantages to large economies and can cripple small island states like Pacific Island nations.
Review: Occupy World Street
The current global financial system remains unstable, a house of cards awaiting the next disturbance. It might be the exhaustion of fossil fuels or the breakup of the euro or a major hedge fund collapse. Corporations have growing influence over the political system. And American CEOs are making over 300 times as much as the average worker.
President Obama About as Responsible for the Price of Gas as Chocolate
It is the height of deceit for Republicans to suggest that President Obama’s energy policies are causing the rise in gas prices.
Egypt’s other revolution: Modernizing the military-industrial complex
The Egyptian military produces a staggering array of manufactured goods: kitchen cutlery, flat-screen televisions, agricultural and household chemicals, refrigerators, industrial machinery, railway cars, and election booths. And while many of the military’s factory webpages make a concerted attempt to promote their wares, the careful observer gets the feeling that the production of air conditioners and gas stoves has superseded the production of guns and ammo. Although the military has been co-producing weapons systems in its factories under license from Western arms manufacturers for decades, the production lines and maintenance facilities constructing and modifying American M1A1 tanks, British armored vehicles, French Alpha Jets, and Chinese versions of Soviet MiGs are remnants of agreements originally signed in the mid-1980s and early-1990s, initiated by the now-deceased former Field Marshal (and staunch US ally) Mohamed Abdel Halim Abu Ghazala.
Obama Requests Slightly Higher Aid Levels for 2013
WASHINGTON, Feb 14, 2012 (IPS) – Despite strong pressure to reduce the yawning federal deficit, the administration of U.S. President Barack Obama is asking Congress for a slight increase in funding for the State Department and foreign aid next year.
Is China Reentering the Great Game?
Many countries have contributed to Afghanistan’s reconstruction. But it’s only been since 2007 that China has attracted attention with its investments. In November 2007, the Metallurgical Corporation of China (MCC) won the tender to invest over $2.9 billion to develop the Aynak copper mine, which is the second-largest copper deposit in the world. This was not only the second-largest investment in Afghanistan in recent years – equivalent to one-third of all foreign aid spent in the country between 2002 and 2007 – but it also raised China to the top tier of investors. In a more recent deal in October 2011, the PetroChina Company Ltd (CPNC) plans to invest about $300 million in three oil fields in northern Afghanistan.
Apple’s iEconomy a Veritable Labor Dystopia
Thanks to Mike Daisey’s appearance on “This American Life,” denial about Apple’s labor abuses has become impossible.
The Apple Connection
Ever since the beginning of the current global economic crisis, the focus of both critical analysis and public odium has been speculative capital. In the populist narrative, it was the breathtaking shenanigans of the banks in an atmosphere of deregulation that led to the economic collapse. The “financial economy,” characterized as parasitic and bad, was contrasted to the “real economy,” which was said to produce real goods and real value. Resources flowed into speculative activities in finance, resulting in a loss of dynamism in the real economy and eventually leading to credit cutoff at the height of the crisis, causing bankruptcies and massive layoffs.