Auteur/autrice : Heidi Barathieu-Brun

as the FED runs out of bullets, local governments are stepping in – Published on Global Research.ca (first on Web of Dept), by Ellen Brown, July 6, 2014.

… The Fed’s massive quantitative easing program was ostensibly designed to lower mortgage interest rates, stimulating the economy. And rates have indeed been lowered – for banks. But the form of QE the Fed has engaged in – creating money on a computer screen and trading it for assets on bank balance sheets – has not delivered money where it needs to go: into the pockets of consumers, who create the demand that drives productivity.   Continuer la lecture de « Mortgage Debt and the Looming Foreclosure Crisis »

Published on Zcommentary (first on teleSUR English), by Marina Sitrin, July 6, 2014.

It doesn’t often occur to me to identify as a Jew, and when it does it is usually because of outside circumstances. These past few days have provided those circumstances. Here, in the Kreuzberg neighborhood of Berlin, today’s refugees are yesterday’s Jews.

I currently live in Berlin, in one of the most radical neighborhoods in Germany, and perhaps this part of Europe. There are dozens of buildings that used to be squats that are still collectively run. There is active defense against gentrification and regular occupations of buildings, parks and squares. People fight to maintain public space in a myriad of ways, from protests that take over and keep streets open, to hundreds barbequing in parks when it is declared forbidden.   Continuer la lecture de « Today’s ‘Righteous’ Defenders of Refugees in Germany »

Published on The Project – a socialist journal, by Don Miligan, July 3, 2014.

… I make no apology for deploying this well-known quotation from the Communist Manifesto because I think that it does no harm to remind ourselves that the working class is the creation of capital, not of its own consciousness, nor of its myriad forms of cultural expression, nor of its transient sociological forms. Whether the working class can be the gravedigger of the relations and forces, which perpetually bring it into existence remains to be seen. What is certain, however, is that defensive attempts to fix or freeze the working class at some specific point, or in a given historical moment, are doomed to failure.   Continuer la lecture de « Working Class? … what working class? »

The “Battle for Europe” is Raging: How America Undermines Franco-Russian Relations – US Blackmailed France using the Banque Nationale de Paris as Hostage – Published on Global Research.ca, by Umberto Pascali, July 2, 2014:

On July 1st, during a meeting with all Russian ambassadors and permanent representatives, President Vladimir Putin revealed the details of a blatant blackmail against France. The US Administration used its unilateral (and de facto illegal) sanctions against Cuba, Iran and Sudan to punish France and in particular the Banque Nationale de Paris – Paribas. The Bank was blackmailed in to paying $8.97 billion for not submitting to the malicious diktat of the power-drunk but weakening hegemon, even though the sanctions are not a decision agreed to by France.   Continuer la lecture de « US-Europe-Russia: Gas, Banks, NSA … »

Published on Real-World Economics Review Blog, by merijnknibbe, July 4, 2014.

The ECB published a report on the results of the Macro Prudential Research Network. It’s the scientific answer of the ECB to the crisis: what has to change in our view of the economy? … //

… It’s a step away from rational expectations and general equilibrium: good. It tries to model the financial sector using insights of people like Minsky and Kindleberger: good. It does not just pay attention to the flow economy but also to the stock economy (debts, assets like houses): good. It tries to model a financial sector: good. Despite the fact that the monthly monetary statistics of the ECB are totally endogenous by nature and based upon the idea that credit and money are two sides of the same coin (of course they are, as they try to measure the real world), endogenous money still seems to be a bridge too far: bad (but I, or the person who wrote the abstract, might have missed something). Continuer la lecture de « Just published: the scientific answer of the ECB to the crisis »

The DWP isn’t just off the rails but careering down the embankment – Published on Left Foot Forward, by Mark Serwotka (general secretary of the PCS union), July 1, 2014.

… The problem is, the auditors note, three years in to the programme it is still underperforming, failing the very people it was set up to help and rewarding some very profitable private companies for these failures. It is worth repeating, it has been three years almost to the day since it was launched – surely it should be working by now.   Continuer la lecture de « This is why the profit motive has no place in our public services »

Published on naked capitalism, inclusive video, 10.59 min, by Yves Smith, July 1, 2014 (also on YouTube).

This video is a great, accessible discussion by Michael Hudson on the Real News Network about how the widely-touted EU deal with the Ukraine is actually an exercise in looting by kleptocrats. Hudson explains that unlike earlier pacts, the EU is making no investment in Ukraine, nor is it allowing Ukraine, which has an agricultural producing region, to have the benefits of the CAP that French farmers enjoy. Hudson point out that the supposed benefit of Ukraine having access to the EU for exports is a smokescreen, since Ukraine is going to lose its main export market, Russia, and the Europeans don’t want to buy Ukraine’s products. Hudson contends that this deal is a de facto takeover, with kleptocrats to be installed in key governmental positions. He anticipates that the result will be mass unemployment and unrest. Continuer la lecture de « Michael Hudson: EU Association Agreement with Ukraine Is a Gift to Kleptocrats »

Published on Dissident Voice, by Ron Ridenour, June 29, 2014.

People before Profit—the slogan for production cooperatives—is an option even in the United States. Within the past decade, three forms of worker-owned and/or managed types of organizing work places are now functioning. The most democratic structure, one that could potentially transform the economy from profiteering greed to meeting everyone’s needs, is the worker-ownership cooperative. Continuer la lecture de « Worker-owner Cooperatives Taking Root in the US »

The European Union prepares the ‘solidarity clause’ framework – Published on Global Research.ca (first on 911forum.org.uk).

The use of the “European Gendarmerie Force” (EUROGENDFOR) is made possible by the “solidarity clause” as Heise reported. At the unit, headquartered in Vicenza, Italy, all EU Member States are involved, the Gendarmerien; police forces with military status are to be used.

The founding countries of the EUROGENDFOR include Portugal, Spain, Italy, France and the Netherlands. We provide our services to the police unit of the EU, NATO or the UN.   Continuer la lecture de « The “European Gendarmerie Force” Project: EU Creates Legal Framwork For “Military Use” against its Citizens »

Published on Orion, by Scott Gast, May/June & July/August 2014.

IN THE MID-1960s, when author, historian, and political economist Gar Alperovitz was working as legislative director for Senator Gaylord Nelson, change was in the air. Ink had dried on an early version of the Clean Air Act, the civil rights movement had won major victories, and the first Earth Day was in the works. The U.S. still faced plenty of serious challenges, but many Americans felt their country was capable of dealing with them successfully … // Continuer la lecture de « A conversation with GAR ALPEROVITZ about the Cooperative Economy »

Published on Intrepid Report, by Bev Conover, June 27, 2914.

How would you feel if you went to buy some beer or wine for a party and encountered a group of strangers blocking the entrance to a liquor store and shouting about the evils of alcohol and when you tried to walk around or through them, they kept blocking your way, telling you that beer and wine are the work of the devil and they are trying to save you from his clutches? More than likely, you would be inclined to call the police, as risky as that can be these days.   Continuer la lecture de « United States Supreme Court gives anti-abortionists license to harass women outside clinics »

Banking in Switzerland on en.wikipedia is regulated by the Swiss Financial Market Supervisory Authority (FINMA) / (the Swiss government body responsible for financial regulation), (and) which derives its authority from a series of federal statutes. The country’s tradition of bank secrecy, which dates to the Middle Ages, was first codified in the Federal Act on Banks and Savings Banks, colloquially known as the Banking Law of 1934.[1] The regime of bank secrecy that Swiss banks are famous for came under pressure in the wake of the UBS tax evasion scandal, and the 1934 banking law was amended in 2009 to limit tax evasion by non-Swiss bank clients …;   Continuer la lecture de « Banking in Switzerland … and some of it's actual problems – 1 »

Published on Russia Today RT, June 26, 2014.

China is moving forward with a plan to create its own version of the World Bank, which will rival institutions that are under the sway of the US and the West. The bank will start with $100 billion in capital.

The Asian Infrastructure Investment Bank (AIIB) will extend China’s financial reach and compete not only with the World Bank, but also with the Asian Development Bank, which is heavily dominated by Japan. The $100 billion in capital is double that originally proposed, the Financial Times (FT) reported. Continuer la lecture de « China plans investment bank to break World Bank dominance »

Published on Intrepid Report, by Paul Craig Roberts, June 26, 2014.

Russia’s President Vladimir Putin is trying to save the world from war. We should all help him.

Tuesday, Putin’s presidential press secretary Dmitry Peskov reported that President Putin has asked the Russian legislature to repeal the authorization to use force that was granted in order to protect residents of former Russian territories that are currently part of Ukraine from the rabid Russophobic violence that characterizes Washington’s stooge government in Kiev. Continuer la lecture de « Can Putin’s diplomacy prevail over Washington’s coercion? »

Published on Global Research.ca, by Prof. James Petras, June 24, 2014.

… In terms of cost to the United States, hundreds of thousands of soldiers who had served in the war zones have sustained severe physical and mental injuries, while thousands have died directly or indirectly through an epidemic of soldier suicides. The invasion and occupation of Iraq has cost the United States trillions of dollars and counting. Despite the immense costs to the American people, the military-industrial complex and the pro-Israel power configuration continue to keep the US government on a wartime economy – undermining the domestic social safety net and standard of living of many millions.   Continuer la lecture de « The Soaring Profits of the Military-Industrial Complex, The Soaring Costs of Military Casualties »