The People’s Bank of China is building a yuan reserve with five other nations in collaboration with the Bank for International Settlements. The countries China is teaming up are Indonesia, Malaysia, Hong Kong, Singapore, and Chile. Each of the countries will contribute 15 billion yuan — about $2.2 billion — to a Renminbi Liquidity Arrangement, China’s central bank said in[Read More…]
Former U.S. president Bill Clinton says he has never before been so concerned about the country’s foundational future, lamenting there’s a “fair chance” that the United States could “completely lose our constitutional democracy.” The former president appeared Wednesday on CBS’s “The Late Late Show” and responded to a question from host James Corden that alluded to Donald Trump’s presidency without[Read More…]
The world, now more complex, is facing unprecedented polycrisis, the World Trade Organization (WTO) chief has warned. Export restrictions are pushing up food prices and could further exacerbate the global “polycrisis,” WTO Director-General Ngozi Okonjo-Iweala said at the opening of the 12th WTO ministerial conference in Geneva on Sunday. According to the official, the world has “become more complex” since[Read More…]
It has become increasingly clear to the world that there is not one, but two, actually three, distinct levels of conflict embedded in what the world’s media and political leadership deceptively insist of calling the ‘Ukraine War.’ The first level was clearly initiated on February 24, 2022 when Russia launched an aggressive war against Ukraine imperiling its sovereign rights and[Read More…]
The United States is facing two grim prospects in 2022: one, that continued abuse of the ecosphere could render much of the Earth unlivable for humans and myriad other species, and two, that the United States’ current political drift toward autocratic rule could accelerate, dashing any hope of attaining a multiracial, pluralistic democracy. These two emergencies are intertwined. Either we[Read More…]
The most upending event of the past 10,000 years is the advent of engineered food as fermentation farms displace factory farms. “We are on the Cusp of the Fastest, Deepest, Most Consequential Disruption of Agriculture in History.” (RethinkX.com) “Modern foods will bankrupt the cattle industry within a decade.” (RethinkX) More on that to follow, but first: Industrial farming, alongside global[Read More…]
Neoconservatism (advocacy of control over the entire planet by America’s Government — i.e., of a universal American empire or “hegemony”) was first stated in 1877, by the British empire’s colonialist Cecil Rhodes (founder of Rhodesia and of South Africa as British colonies) when he wrote the first draft of his will that ultimately produced the Rhodes Trust organization that selects[Read More…]
Facing diminished hopes ahead of what many see as world leaders’ last chance to combat the climate crisis, Britain’s Prince Charles, the heir to the British throne, on Monday called for a “warlike” effort as he opened a key United Nations climate summit. Prince Charles has suggested the audience during his speech at the COP26 climate conference that world governments had[Read More…]
The global debt has jumped to a new high of $226 trillion, said the International Monetary Fund (IMF) on October 13, 2021. As reason of this leap in global debt, the IMF has cited the Covid-19 and policies put in place to respond to it. Global debt in 2020, including public and private borrowing, “jumped by 14 percent to a record high $226 trillion,”[Read More…]
by Priti Gulati Cox and Stan Cox Time is fast running out. The world’s affluent nations, with their abundant greenhouse emissions, have to finally drag themselves across the starting line and begin phasing out fossil fuels at the accelerated pace that the climate emergency demands. And if they can manage to do that, they clearly will need to quickly build[Read More…]