Last year, virtually all the very “serious people” threw in the towel on global growth and trade.
It’s been apparent for quite some time (like say, a couple of years) that the slump in trade growth has likely become structural and endemic as opposed to transient and cyclical in the post crisis world.
Expanded Version: The US Economy Has Not Recovered And Will Not Recover
Paul Craig Roberts
The US economy died when middle class jobs were offshored and when the financial system was deregulated.
Jobs offshoring benefitted Wall Street, corporate executives, and shareholders, because lower labor and compliance costs resulted in higher profits. These profits flowed through to shareholders in the form of capital gains and to executives in the form of “performance bonuses.” Wall Street benefitted from the bull market generated by higher profits.
The production of plutonium pits—the fissile cores required to detonate the explosion in a nuclear weapon—is said to be the chokepoint of America’s nuclear program: when the pit assembly line shuts down, the clock on the arsenal’s shelf life starts ticking.
In what could be the biggest blow yet for her campaign, the leader of the America's largest federation of unions (counting 12 million active and retired "everyday Americans") has chosen not to endorse Hillary Clinton over Bernie Sanders.
Clinton has racked up endorsements from 18 unions, according to The Hill, including the Service Employees International Union and the National Education Association, while Sanders has garnered just three union endorsements.
Submitted by John Whitehead via The Rutherford Institute,
“We are not to simply bandage the wounds of victims beneath the wheels of injustice, we are to drive a spoke into the wheel itself.”—Dietrich Bonhoeffer
The untimely death of Supreme Court Justice Antonin Scalia has predictably created a political firestorm.