Author: nick

The former Fed chair, who died at the age of 100 this week, deliberately engineered financial markets to be faster and looser. Then they blew up. Source link

“Alan Greenspan” by New America, CC BY 2.0 Dean Baker Substack I was not an Alan Greenspan fan, but I will give him some serious credit on his passing. I’ll also give him serious blame for missing two huge bubbles, the collapse of which gave us serious recessions. I’ll also add a comment about the opaque way he ran the Fed, to which I fear our new Fed chair is returning. Starting with the positive, Greenspan allowed the unemployment rate to fall to 4.0% as a year-round average in 2000. This was huge. The prevailing view in the economics…

Did Anthony Fauci manipulate the intelligence community (IC) investigation of the origin of COVID as outgoing Director of National Intelligence Tulsi Gabbard claims? Gabbard recently released previously unseen documents and communications during the COVID pandemic between the IC and the key member of the White House Coronavirus Task Force, Dr. Anthony Fauci. She claims they show that Fauci and the IC coordinated the investigation of the origin of the COVID to suggest it was a natural occurrence rather than a laboratory leak. She further charges that the documents reveal Fauci’s direct role in influencing and manipulating IC assessments in an…

VILNIUS, Lithuania — At the annual conference of fact-checking known as GlobalFact, journalists tasked with calling out falsehoods met amid financial challenges and governmental obstacles — but also a sense that their movement has survived, and that it has much more to contribute. “We have been under attack by political players who would shirk accountability for their false messages,” said Angie Drobnic Holan, director of the International Fact-Checking Network, which organizes GlobalFact. “We’ve been accused of bias even when we made every effort to be fair and nonpartisan,” Holan told the conference. “We’ve watched our business models erode — undercut…

House Democrats’ campaign arm and main super PAC are stopping short of saying they will pull out all the stops to hold onto Maine’s lone swing district after failing to get their preferred nominee. Source link

In a wide-ranging conversation with Glenn Diesen, journalist Max Blumenthal argues that the failed U.S.-Israel war against Iran has exposed new political fractures in Washington, accelerated public opposition to unconditional support for Israel, and raised questions about what comes next for a region still on the brink. Joshua Scheer Washington Went to War to Show Strength. The World Saw Weakness. In a new interview with Glenn Diesen, investigative journalist and The Grayzone editor-in-chief Max Blumenthal argues that the recent U.S.-Israel conflict with Iran has produced consequences far different from those envisioned by its architects. Rather than restoring deterrence, Blumenthal…

Mayor Brandon Johnson posted to his X account, Since declaring a Transfemicide State of Emergency, our administration has strengthened the City’s capacity to support LGBTQ+ Chicagoans. Source link

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By William I. Robinson This article was originally published by Truthout AI is deepening worldwide webs of accumulation, ushering in new class and power relations. The relentless drive by Big Tech corporations to expand data center construction to every continent has sparked a growing movement of mass resistance. From the United States to Ireland, from Chile to Malaysia, grassroots communities are protesting water depletion, soaring utility bills, air and noise pollution, and environmental destruction. Behind the data center boom is the artificial intelligence (AI) revolution. The amount of capital and energy needed to supply AI training and compute power…

Long before a single shot was fired at Lexington or Concord, a revolution was already underway. It was waged with ink rather than arms. As America prepares to mark the 250th anniversary of its independence, it is worth honoring the force that made that independence imaginable: the colonial press. Long before the Declaration of Independence was signed, the concept of American independence had to be imagined, argued, circulated, and defended. That did not occur in hushed conversations. It took place in newspapers and pamphlets, broadsides and printed sermons that transported ideas from town to town and colony to colony. The…