>The final chapter of Home From Nowhere (Simon & Schuster, 1996)by James Howard Kunstler12 CodaThere are times I feel so fortunate that I wonder if I am making up this life as it as it traces its mysterious arc through time. Solipsism is not a very attractive philosophy - especially in others - but such … Continue reading >What I Live For
>Is the private finance initiative melting down?by George MonbiotPublished in the Guardian (June 28 2005)For how much longer can this farce carry on? Everywhere, the chickens released by the government's private finance initiative are not so much coming home to roost as crashing into the henhouse and sliding down the wall in a heap of … Continue reading >Our Very Own Enron?
>Comment on current events by Jim Kunstler (www.kunstler.com)Lahar Rules (June 27 2005)The east coast is a steambath, the Dow Jones is tanking, oil has crossed the $60 barrier, and Don Rumsfeld says the Iraq insurgency could run for twelve years.Taking these things in reverse order - why twelve years? Why not forever? Actually, twelve years … Continue reading >Clusterfuck Nation
>by William PfaffNew York Review of Books - Volume 52, Number 12 (July 14 2005)1.The French and Dutch referendum votes against the European constitutional treaty caused many Europeans to be alarmed for European unity itself. This was called the biggest reversal for Europe in fifty years, a revolt against economic reform putting the euro in … Continue reading >What’s Left of the Union?
>The Coming Saudi Oil Crisisby Matthew R SimmonsCounterPunch (June 21 2005)As oil becomes a scarce resource, its use will have to be rationed in one way or another. There are ways to allocate oil use and direct it to its most valuable applications. But achieving such a rational plan will require a carefully orchestrated, global, … Continue reading >Challenges in a World of Oil Scarcity
>Why Social Security won't be enough to save Wall Streetby Michael HudsonHarper's Magazine (April 2005)They wanted something for nothing. I gave them nothing for something.- J R "Yellow Kid" WeilSocial Security, formerly the "third rail" of American politics, has now been trod upon, in rather dramatic fashion, by George W Bush. Given that the maneuver … Continue reading >The $4.7 Trillion Pyramid
>The European Union's crisis has obscured the fact that it hascome closest to balancing market dynamism and social protectionby Jeremy RifkinThe Guardian (June 22 2005)Europe has plunged into a crisis of meaning in the wake of the repudiation of the EU constitution by voters in France and the Netherlands - and the Brussels summit breakdown. … Continue reading >Capitalism’s future on trial
>by Charley ReeseKing Features Syndicate (June 13 2005)Many Americans are living in a state of delusion, fed by the politicians who keep telling us we're the greatest, the strongest, the freest, the wealthiest, et cetera, et cetera, and so forth. Actually, we are heading toward becoming a Third World country.The difference between a First World … Continue reading >Third World, Here We Come
>Far from challenging the G8's role in Africa's poverty, Geldof and Bono are legitimising its power.by George MonbiotPublished in the Guardian (June 21 2005)"Hackers bombard financial networks", the Financial Times reported on Thursday. Government departments and businesses "have been bombarded with a sophisticated electronic attack for several months". It is being organised by an Asian … Continue reading >Bards of the Powerful
>Can a nation of spenders be saved?Harper's Magazine (June 2005)If we can believe what we read in the newspapers, the American economy, formerly believed to be as unsinkable as the Titanic, appears to be steaming toward an iceberg. Most of the experts and nearly all of the navigational aids point in the direction of catastrophe … Continue reading >The Iceberg Cometh