by Jeff Madrick The Anti-Economist Harper's Magazne (December 2013) In late August, I traveled with colleagues from the Roosevelt Institute in New York to New Orleans, where we had invited a panel of community organizers to join us in discussing youth unemployment. The problem affects every major US city - American teens and young adults … Continue reading The Real Lost Generation
Viewing the Ukraine Crisis From Russia's Perspective by Floyd Rudmin from Tromso, Norway CounterPunch Weekend Edition (March 28 to 30 2014) Events in Ukraine are moving fast and faster. Dangers of economic paralysis in Ukraine and of wider war with Russia are very real. This essay will argue that we all need to notice our … Continue reading Historical Trigger Points
by John Michael Greer The Archdruid Report (March 26 2014) Druid perspectives on nature, culture, and the future of industrial society I have yet to hear anyone in the peak oil blogosphere mention the name of Captain Gustaf Erikson of the Åland Islands and his fleet of windjammers. For all I know, he's been completely … Continue reading Captain Erikson’s Equation
... Slams Japan Where It Hurts Most by Wolf Richter Testosterone Pit (March 25 2014) Nippon Steel & Sumitomo Metal Corporation, headquartered in Tokyo, was formed by merger in 2012 and that instant became the world's second largest steel producer. Its Nippon Steel & Sumikin Galvanizing plant in Rayong Province, Thailand, began production in late … Continue reading Total Abenomics Fail …
Abe's Kamikazenomics Slashes GDP to 0.7 Percent by Mike Whitney CounterPunch (March 24 2014) Abenomics has been great for stock speculators and corporate bigwigs, but for everyone else, not so much. The fact is - despite all the media hype and monetary fireworks - Prime Minister Shinzo Abe's three-pronged strategy to end twenty years of … Continue reading Economic Suicide
In One (Crazy) Chart by Wolf Richter Testosterone Pit (February 21 2014) There are two areas where Abenomics, the democratically elected economic religion of Japan, has succeeded: creating inflation without causing wages to rise, thus whittling down real incomes; and devaluing the yen by 25%, thus wiping out a quarter of the magnificent wealth of … Continue reading The Madness of Abenomics
Neo-Fascism and the Resurgence of Militarism in Japan by Carla Stea Global Research (March 17 2014) On December 26 2013, Japanese Prime Minister Shinzo Abe visited the Yasakuni Shrine, paying tribute to some of the most infamous war criminals in human history. In an action violating the basic tenets of human conscience and decency enshrined … Continue reading A Revival of the Axis?