Economy

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How the terrorists won: Sucking the economy dry

Part 1 of “How The Terrorists Won” dealt with the mental-emotional ways in which we have been losing to terrorists and are simply fueling more terrorism. However, there are also very practical, nuts-and-bolts ways that the terrorists have been successful at weakening the United States — it’s nothing they can do on their own, and […]

February 4th

Hillary and Bernie both in denial about our true fiscal mess

By James Howard Kunstler The remaining sound-of-mind Americans must view the primary election spectacle with mounting sensations of wonder, nausea, and panic. It’s one thing for the financial system to crack up, and another thing for social norms to disintegrate, and still another for the political system to become a locked ward of obvious psychopathology. […]

February 8th

After decimating small towns, Walmart is now leaving

By Jeremy Bloom For years, Walmart’s business plan has been simple: Come into small towns (often with tax breaks and subsidies), out-compete local businesses and drive them into the ground. But with profits falling, they’re now shutting down 269 stores and abandoning those communities – in many cases, leaving them with no grocery store and no […]

January 27th

Kunstler’s predictions for 2016: Banking and Markets

By James Howard Kunstler (See Kunstler’s introduction to his round of predictions here.) The big event of the year past was the Federal Reserve’s Waiting for Godot act concerning the fed funds rate. When Godot finally showed up two weeks before year’s end, it was in the expected-but-pitiful form of a 25-50 basis point hike […]

January 5th

Star Wars is all that remains of the US economy

By James Howard Kunstler Theory du jour: the new Star Wars movie is sucking in whatever meager disposable lucre remains among the economically-flayed mid-to-lower orders of America. In fact, I propose a new index showing an inverse relationship between Star Wars box office receipts and soundness of the financial commonweal. In other words, Star Wars […]

December 21st

Hillary Clinton rejects Trans-Pacific Partnership – pander or principle?

By Meteor Blades Some liberals expressed happy surprise Wednesday with Hillary Clinton’s announced opposition to the Trans-Pacific Partnership, which could make approval of TPP more difficult in a Congress where the majority of Democrats and some Republicans can be expected to oppose the agreement: “If Hillary Clinton, who worked on the Trans-Pacific Partnership as secretary […]

October 9th

Obama praises Trans-Pacific Partnership. Bernie Sanders calls it a disaster that he’ll work to defeat

By Meteor Blades In a major victory for President Obama, negotiators for the 12-nation Trans-Pacific Partnership announced Monday that an agreement has been reached after eight years of talks. If approved by those nations, the agreement will lower trade barriers and commercial regulations for 40 percent of the world’s nations. While the president and other backers […]

October 5th

Obama’s Trans-Pacific Partnership deal is in tatters (and that’s good)

By Meteor Blades Robert Kuttner writes America’s Collapsing Trade Initiatives: Chinese president Xi Jinping will be in Washington this week on an official state visit. President Obama had hoped to impress Xi with an all but sealed trade deal with major Pacific nations called the Trans-Pacific Partnership (TPP) to demonstrate that America is still a […]

September 24th