Posted inArticle, Economy, Economy and Inequality, labor, Politics and Movements: US, Reprint, The Real News Network

We’re in a class war. Jane McAlevey actually acted like it.

This story originally appeared in Jacobin on July 08, 2024. It is shared here with permission. Before I ever met Jane McAlevey, I received a package from her in the mail. In addition to a copy of Raising Expectations (and Raising Hell): My Decade Fighting for the Labor Movement, her first book (written with Bob Ostertag), […]

Posted inEconomy, labor, Podcast, Politics and Movements: US, The Real News Network, Working People

Baltimore nurses at largest Catholic health network in US fight on for first contract

On the morning of Thursday, June 20, unionized nurses at Ascension St. Agnes Hospital in Baltimore held a rally outside the hospital to raise awareness of their efforts to secure a first contract and to show management that they’re not backing down from their core demands for safe staffing and an operational model that puts […]

Posted inArticle, Economy, Economy and Inequality, Gaza, Israel, Palestine, Politics and Movements: International, Politics and Movements: US, Reprint, The Real News Network

University endowments suppress dissent by design

This story originally appeared in Jacobin on June 30, 2024. It is shared here with permission. Why has it been so difficult for students demanding divestment from Israel to catch their university administrations’ ears? Part of the answer is the specific content of the request: universities’ donors are more pro-Israel than their students. Schools hoping to both […]

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IMF-Driven Policies Spark Deadly Protests in Kenya

Kenya 2024 protests. Capital FM Kenya, CC BY 3.0 https://creativecommons.org/licenses/by/3.0, via Wikimedia Commons By Robert Inlakesh / MintPress News At least 23 Kenyan protesters were killed on Tuesday after hundreds stormed the nation’s parliament in response to a proposed tax-hike bill, which threatens to deepen the country’s cost of living crisis. The IMF’s pressure on […]

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The Fed’s ‘Chicken Run’: Why Sticking with High Rates Will Crash the Economy

Photo by Maxim Hopman on Unsplash By Thomas Ferguson and Servaas Storm / Institute for New Economic Thinking On June 13th, financial markets discovered they had overestimated the likelihood that the Federal Reserve would soon be cutting interest rates. Federal Reserve Chair Jerome Powell’s remarks at his press conference and the Federal Open Market Committee’s freshly updated […]

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Les Leopold: Capitalism Runs Wild: A Rant

Photo by Behnam Norouzi on Unsplash By Les Leopold / Substack They’ll stone you when you’re at the breakfast table.They’ll stone you when you are young and able.They’ll stone you when you’re tryin’ to make a buck.They’ll stone you and then they’ll say good luck. from “Rainy Day Women #12 and 35,” Bob Dylan There […]

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Is the Reign of the Dollar Coming to an End?

Jiang Tiefeng (China), Stone Forest, 1979. By Vijay Prashad / Tricontinental: Institute for Social Research In early June, a rumour began to circulate – which was widely reported in the Indian press as true – that the government of Saudi Arabia had allowed its petrodollar agreement with the United States to lapse. This agreement, made in 1974, is quite straight-forward and […]

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US Cryptocurrency as an Offshore Banking Center

Photo by Kanchanara By Michael Hudson / CounterPunch The Wall Street Journal ran a revealing op-ed today (June 14, 2024) by Paul D. Ryan, “Crypto Could Stave off a U.S. Debt Crisis.” Mr. Ryan, libertarian Republican House Speaker 2015-2019 and now at the right-wing American Enterprise Institute, writes that: “Stablecoins backed by dollars provide demand for U.S. public […]