Economics

By Steven Gorelick I ran into my friend Rick the other day in a small town near our homes in northern Vermont. He was just coming out of the bookstore, holding a pink plastic bag that, I would soon learn,…

Trump proposes to increase U.S. military spending by $54 billion, and to take that $54 billion out of the other portions of the above budget, including in particular, he says, foreign aid. If you can’t find foreign aid on the…

There has been a wholesale corporate takeover of the government. That’s the conclusion of a new report coming out today by the watchdog group Public Citizen. The report looks at how corporate America has benefited from Trump’s first month in…

By Johan Galtung Two important words enriching each other. “Nonviolent” easily becomes bla-bla, and “economy” is too general. But, does “nonviolent” make a difference for the better to the economy?  And vice versa, can “economy” make “nonviolent” more positive, beyond…

By Jomo Kwame Sundaram* New US President Donald Trump has long insisted that its major trading partners having been taking advantage of it. Changing these trade terms and conditions will thus be top priority for his administration, and central to…

In a report published today to coincide with the Davos meeting of the world’s elite in the Swiss skiing resort, it was revealed that 8 men: Bill Gates (USA, Microsoft), Amancio Ortega (Spain, Inditex fashion group), Warren Buffett (USA, Berkshire…

By Baher Kamal When British naturalist Charles Darwin published in 1859 his theory of evolution in his work On the Origin of Species, he most likely did not expect that robots, not nature, would someday be in charge of the…

The virtual currency has continued its breathtaking rise surging past $1,000, after already winning the crown of the best-performing currency in 2016 by more than doubling its value in the course of the year. Bitcoin was trading at a value…

A group of 2,000 unemployed people in Finland will receive a basic income every month from the state, tax-free and with no strings attached. Proponents hope to prove such schemes boost people’s motivation to find work. Starting in January, 2,000…

Jeroen Dijsselbloem’s salary as the Netherlands’ Finance Minister is over €170,000 p.a. This is more than 212 times as much as the best off of those Greek pensioners whom he is determined to deprive of their Christmas bonuses.  by Steve McGiffen…