Global Intelligence
German Chancellor Angela Merkel’s choice of coalition partner will play a key role in deciding how far the foreign-exchange market is burdened by a proposed financial-transactions tax in 11 European Union states. Merkel, who last year backed a European Commission plan for a broad-based tax on trades in stocks, bonds, derivatives and other assets, is […]
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The article below is the most comprehensive analysis available of “Obamacare” – the Patient Protection and Affordable Care Act. The author, a knowledgeable person who wishes to remain anonymous, explains how Obamacare works for the insurance companies but not for you. Obamacare was formulated on the concept of health care as a commercial commodity and […]
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Catastrophic Shocks Through Complex Socio-Economic Systems: A Pandemic Perspective David Korowicz Summary The globalised economy has become more complex (connectivity, interdependence, and speed), de-localized, with increasing concentration within critical systems. This has made us all more vulnerable to systemic shocks. This paper provides an overview of the effect of a major pandemic on the operation […]
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It’s Not an Accident … It’s Policy America is experiencing unprecedented inequality. And a who’s who of prominent economists (and investors) say that inequality is hurting the economy. Defenders of the status quo pretend that this inequality is something outside of our control … like a force of nature. They argue that it’s due to […]
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WASHINGTON (AP) — OK, gridlocked politicians we’re used to. But why padlock the Statue of Liberty? You don’t see other democracies shuttering landmarks and sending civil servants home just because their political parties can’t get along. Belgian civil servants, for example, carried on nicely for a year and a half while their politicians bickered over […]
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In the early days of artificial intelligence research, it was commonplace for the well-educated academics in the field to (mistakenly) think that being “intelligent” meant being good at things that other well-educated academic researchers struggled at, like playing chess. We now know, however, that it’s far harder to get robots to do things that come […]
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Following Nomura’s estimate of a 40% chance of government shutdown yesterday, thanks to the pending vote for the Republican’s “Obamacare-Delay” bill, Democrats note the odds of a shutdown of the government are now at 90%. A Democratic congressional aide added, “the only reason I’m not putting it at 100 percent is because nothing’s certain in […]
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A soft landing for America 40 years from now? Don’t bet on it. The demise of the United States as the global superpower could come far more quickly than anyone imagines. If Washington is dreaming of 2040 or 2050 as the end of the American Century, a more realistic assessment of domestic and global trends […]
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If you want to understand the potential damage of a debt-ceiling showdown, you can start by looking at how much damage it caused last time. The University of Michigan released its monthly report on consumer sentiment this morning, and in an odd coincidence, it reported that consumers are almost exactly as confident as they were […]
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As we warned two years ago, “the muddle through has failed… and there may only be painful ways out of this.” [18] Submitted by Michael Snyder of The Economic Collapse blog [19], Now that “bail-ins” have become accepted practice all over the planet, no bank account and no pension fund will ever be 100% safe […]
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