'Very relieved': Divers rescue diamond ring after woman dropped it from yacht
A woman has been left feeling “very relieved and excited” after firefighters dived into a river to retrieve her huge diamond ring after it fell overboard.Read More »
A glacier collapse, cheese production under threat and an evaporating river – Italy is baking and it must adapt
In northern Italy, a helicopter team is on a grim mission.Read More »
Gunman admits shooting dead former Japanese PM
A man has admitted assassinating the former Japanese prime minister Shinzo Abe, police have said.Read More »
The Fed’s Austerity Program to Reduce Wages
To Wall Street and its backers, the solution to any price inflation is to reduce wages and public social spending. The orthodox way to do this is to push the economy into recession in order to reduce hiring. Rising unemployment will oblige labor to compete for jobs that pay less and less as the economy Continue Reading
The post The Fed’s Austerity Program to Reduce Wages first appeared on Michael Hudson.
An Autobiographical on Economic Rent and Exploitation
Settle in for this interview. Michael Hudson, Shepheard Walwyn recording May 23, 2022 Part one https://www.youtube.com/watch?v=XDo7HykYN9k Part two here. https://www.youtube.com/watch?v=I-xWgLertkg Jonathan Brown Michael, welcome to the podcast. Michael Hudson It’s good to be here. I’m looking forward to it. Jonathan Brown Michael, I think you have one the most extraordinary upbringings and journeys into economics. Continue Reading
The post An Autobiographical on Economic Rent and Exploitation first appeared on Michael Hudson.
Pepe Escobar on ‘the ultimate handbook’
Pepe Escobar REVIEW of DESTINY In his latest book, economist Michael Hudson pits socialism against finance capitalism and tears apart the ‘dream civilization’ imposed by the 1 percent. By Pepe Escobar, posted with the author’s permission and cross-posted with The Cradle Michael Hudson’s new book on the world’s urgent global economic re-set is sure to ruffle Continue Reading
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Is US/NATO (with WEF help) pushing for a Global South famine?
Is the proxy war in Ukraine turning out to be only a lead-up to something larger, involving world famine and a foreign-exchange crisis for food- and oil-deficit countries? Many more people are likely to die of famine and economic disruption than on the Ukrainian battlefield. It thus is appropriate to ask whether what appeared to Continue Reading
The post Is US/NATO (with WEF help) pushing for a Global South famine? first appeared on Michael Hudson.
Ukraine a Trojan for Germany’s US dependence
Boos German Interview June 1, 2022 “Taken from an interview with the newly founded German magazine “ViER” which will be published in August 2022.” ViER (FOUR), stands for the media as fourth power in checks and balances).
(1.) Prof. Hudson, your new book “The Destiny of Civilization” is out now. This lecture series on finance Continue Reading
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Inflation – A Junk Economics Perspective
First shared via our Patreon page, where some were interested in sharing this around. The support on Patreon is really appreciated and the community we are building there is solid. Our next Q&A session for Patron plus supporters is set for June. Transcript from ‘Inflation 2022’ – A Zoom panel, organised by the International Manifesto Continue Reading
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