Category: CAPITALISM & SOCIALISM

A Stock Market Primer, in Six Easy Steps (with Bonus Videos)

WILLIAM KAUFMAN—This bubble is a cloistered biosphere of Teslas and beach houses, of con artists, kleptocrats, and financial sorcerers. It is rigorously insulated from the dolorous real economy inhabited by the 99 percent: declining living standards; stagnant real hourly wages; lousy service-industry jobs; debilitating consumer and student debt peonage; soaring medical insurance premiums and deductibles that render many people’s swiss-cheese policies unusable; crumbling cities and infrastructure; climate disasters of biblical proportions; and toxic food, water, and air.

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Will Christopher Steele Be Charged in the UK as a Spy? by Publius Tacitus [UPDATE]

W. PAT LANG—There are two classes of FBI “informants.” One is serving as a “criminal informant” and the other is as an “intelligence asset.” Information from “criminal informants” can be used in a U.S. judicial proceeding and the informant called as a witness. Getting money under that circumstance can be problematic because the source’s credibility can be impeached by defense counsel, who can argue that the testimony is purloined. You do not have to worry about that with an “intelligence asset.” In that case the priority is protecting the identity of the source.

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Capitalist Fluctuation and the Partisan Presidential Praise and Blame Game

PAUL STREET— [Neither capitalist figurehead in the White House, Democrat or Republican controls the fluctuations of the US economy. The latter moves as a result of myriad factors well beyond the short-term control of the President or his cabinet.] That’s how the binary partisan political game works in accord with an endless dance between the capitalist business cycle and the more precisely time-staggered, Constitutionally mandated U.S. election cycle.

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