Historian Victoria Wolcott on how “freedom dreams” fueled the civil rights movement — and why we need them now
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By Pam Martens: April 7, 2022 ~ The Editor of Wall Street On Parade has been watching stock market trading patterns for more than three decades – 21 of those years at two Wall Street firms. A new pattern is emerging that strongly suggests there is an invisible hand flipping the market on a dime from a plunge in prices to a dramatic spike in prices. This could happen legitimately if sudden positive news broke, but it is happening regularly with no major news to explain the dramatic shift in sentiment. The charts below capture just four examples of what is becoming an increasingly familiar pattern in the Dow Jones Industrial Average: On January 31 Wall Street On Parade reported that the New York Fed, which is the only one of the 12 regional Fed banks to have a trading floor – complete with those expensive Bloomberg data terminals and speed … Continue reading →
Efforts at sovereign debt relief have stalled at the wrong time
A new report from the United Nations Intergovernmental Panel on Climate Change warns the opportunity to mitigate the worst effects of global warming by maintaining global temperatures at 1.5 degrees Celsius is quickly closing and that humanity has less than three years to slash greenhouse gas emissions. “Fossil fuel is at the root of our problems. It is at the root of the despotisms we see in Russia or in Saudi Arabia or indeed the Koch brothers’ efforts to deform our own democracy,” says Bill McKibben, environmentalist and founder of 350.org. It is time to demand world leaders sign a fossil fuel nonproliferation treaty, says Ukrainian climate activist Svitlana Romanko. Romanko is also with the Laudato Si’ Movement, which exists to implement the second encyclical of Pope Francis about “care for our common home” and recognizes the war in Ukraine has been funded by fossil fuels. Pope Francis says he plans to visit Ukraine, and Romanko says his “leadership may create a difference in this war.”
The newly released “Poor People’s Pandemic Report” shows poor people died from COVID at twice the rate of wealthy Americans and that people of color were more likely to die than white populations. “Our country has gotten used to unnecessary death, especially when it’s the death of poor people,” says Rev. Liz Theoharis, co-chair of the Poor People’s Campaign.
An FEC complaint alleged that Trump’s campaign laundered nearly $800 million through a single shell company
“The Forbes rich list shows us that we are living in a tale of two pandemics where billionaire wealth is still booming, while most of humanity is going bust,” said one campaigner.
A forward indicator of the U.S. Treasury curve points to the prospect of a more deeply negative inversion of the 2-year, 10-year spread than what’s been seen.
Our political terrain has changed and the Left needs to adapt quickly. Neoliberalism, which came to prominence first within the Republican Party and then achieved dominance in the Democratic Party under Bill Clinton, had been on the defensive since the 2008 Great Recession. Now, even the Financial Times has declared its demise. The Republican Party has shifted from a primarily neoliberal agenda to…
The first challenge by a major power to what became known as the petrodollar has come in 2022. In the month after the Ukraine conflict began, the U.S. and its European allies imposed heavy financial sanctions on Russia in response to the illegal military invasion. The Western measures included freezing nearly half of the Russian central bank’s 640 billion U.S. dollars in financial reserves, expelling several of Russia’s largest banks from the SWIFT global payment system, imposing export controls aimed at limiting Russia’s access to advanced technologies, closing down their airspace and ports to Russian planes and ships, and instituting personal sanctions against senior Russian officials and high-profile tycoons.
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