This is why Trump’s tariffs will fail, while backfiring hard on the US economy Donald Trump has imposed high tariffs on countries around the world, falsely claiming they are “reciprocal”. Trump’s deeply contradictory policies will likely backfire, hurt the US economy, fuel inflation, and fail to reindustrialize. But rich elites will benefit from tax cuts. […]
Trump Tariffs Backfire Read More »
By Dave McKee It sure didn’t take long for Hurricane Trump to make landfall. Less than a month after the US election, the President-elect announced his intention to impose 25-percent tariffs on all products from Mexico, China and Canada. Trump’s feverish flip-flops during his first term in office are the stuff of legend, but that
What’s Behind Trump’s Tariff Threat? Read More »
Originally published by Socialist Voice, the official newspaper of the Communist Party of Ireland – https://socialistvoice.ie/ The airways and newspapers have been full of discussion around the “housing crisis”, its nature and possible causes and effects. What was clear from the recent local election results is that the majority of those who voted did so
Financialization of Housing & Elections – Where Do We Go From Here? Read More »
By Ryan Nisly. As Hurricane Helene brought damage to the Southeastern US last week, it highlighted the need for the United States to provide aid to, and invest in, itself. This problem has shown itself in the past through natural disasters such as Hurricane Katrina and through preventable disasters such as the Flint, Michigan water
Hurricane Helene and the Need to Move the Money Read More »
by Dr Robert Daly China, Russia, Norway, and Italy have each launched emergency programs to encourage families to have more children and increase their birth rates. In Russia, presidential spokesman Dmitry Peskov told journalists that population decline is “one of the major issues [Russia] has to face now,” reported RT May 19.1 According to the
Declining Population Stirs Governments to Action Read More »
Subhead: The Worker opposes bailouts for rich depositors. Photo: Unemployment Center, Massachusetts By Dr Robert Daly, PCUSA Political Economy Committee March 22. The ongoing banking crisis that felled three US banks and Switzerland’s Credit Suisse in the past 12 days slowed today the rate of increase of the interest rates controlled by the Federal Reserve Board
US Economy Stuck Between Fighting Inflation and Preventing a Bank Collapse Read More »
By Robert Daly Will China’s attempt to establish an alternative monetary and trade system with a Petro-Yuan be fast enough for it and its allies to escape the danger of a Western financial collapse? Over the past eight years, Russia, China, and India have been slowly moving to establish alternative trading institutions. This movement began
Alternative Economic System Emerging Read More »
“When I look at a map of the civil war in 1919, I always wonder how from this spot around Moscow and Petrograd a new empire could re-emerge. Yes, and its name was the Soviet Union” December 30, 2022 marks the 100th anniversary of the formation of the Union of Soviet Socialist Republics. Rossa Primavera News
Essence of Time: Historian: Bolsheviks’ national policy ensured the victory in the war Read More »
American civilians continue to struggle with high inflation, failing infrastructure, and underfunded social programs, all while the US government remains fixated on starting and waging wars abroad As temperatures drop across Europe, Ukrainians in black-out-induced areas are being told by their government that they have only themselves to blame should the energy difficulties continue. Freezing
United States Funding the Vacations of Ukrainian Oligarchs Read More »
By the PCUSA Political Economy Committee. Inflation for urban wage earners hit 9.1% in July, the highest rate of inflation since 1979 when Paul Volker jacked up interest rates to astronomical heights to curb an earlier inflation crisis. Now the Federal Reserve is trying to apply the same medicine to kill inflation again, only this
Washington and New York Banks Caused the Inflation Read More »
