Global Intelligence
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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Greek government authorities are on alert after a union of Greek army reservists of Special Forces [6] issued a statement urging the Greek administration to step down and make way for a national unity government. As Keep Talking Greece notes [7], the statement on the union’ website included 15 demands – including the resignation of […]
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In preparing America for nuclear attack during the Cold War years following World War II, thousands of US citizens became the innocent victims of over 4,000 secret and classified radiation experiments conducted by the Atomic Energy Commission (AEC) and other government agencies, such as the Department of Defense, the Department of Health, Education and Welfare, […]
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The markets were surprised when the Federal Reserve did not announce a tapering of the quantitative easing bond buying program at its September meeting. Indeed, its signal to the market that it was keeping interest rates low was welcome, but there may be a hidden agenda. Since it began in late 2008, QE has spurred […]
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