As gold broke below the psychologically important level of $1,200 an ounce late in December of 2014, the mainstream financial media burst with headlines like this one from Marketwatch: “Gold’s Safe-Haven Role is Over.” The Nobel prize winning economist from the New York Times, Paul Krugman, penned a wicked missive on the ‘barbarous relic’ by invoking Key
A clear diagnosis of the Oil Sands fever variant of Dutch Disease may be just what the doctor ordered to rally Canadian workers in the fight against global warming.
A rapid increase in natural resource investment and revenue usually drives up a nation’s currency. This generally makes other industries less competitive and can greatly weaken a country’s manufacturing base.
The rushed campaign to insert Stanley Fischer straight from his position leading Israel’s central bank into the number two spot at the Federal Reserve has allowed little time for research into the appointee’s career or for informed public debate about his record. Like the failed recent Obama administration-Israel lobby pincer move to ram approval for U.S. military strikes on Syria through Congress, avoiding such due diligence through velocity may actually be the only means for successful Senate confirmation.
In response to Gary North’s December 10, 2013 article, “Showdown: Bitcoins vs. Greenbacks and/or Precious Metals“: “First, the primary benefit that libertarian promoters of Bitcoins offer in justification of their theory that Bitcoins will become an alternative currency is this one: Bitcoins offer privacy. Paper money today offers a much greater degree of privacy that […]
In response to Gary North’s November 29, 2013 article, “Bitcoins: The Second Biggest Ponzi Scheme in History“: “I hereby make a prediction: Bitcoins will go down in history as the most spectacular private Ponzi scheme in history“ - If it were a private Ponzi scheme, it’d be illegal, and would already be prosecuted, just like […]
The United States Federal Reserve announced Wednesday that it will start drawing down (i.e. “tapering”) its multibillion-dollar quantitative easing policies in 2014.
The Fed will begin tapering its $85 billion monthly purchases of Treasuries and Treasury mortgage-backed securities by $5 billion each starting in January.
In her recent book, Juridical Humanity: A Colonial History, postcolonial thinker Samera Esmeir examines the liberal, humanitarian, positive legal project of British colonial rule in Egypt, and its ability to construct the category of humanity, to provide the framework that constitutes what is good or bad for the colonized, and what bodies and behaviors are cast as (in)human.
