The collapse and bailout of Silicon Valley Bank shows little has changed for reckless financial actors, writes Les Leopold. If financial institutions are so interconnected that we can’t let them fail, they should be run as publicly owned utilities.
While the most common type of risk faced by a commercial bank is a jump in loan defaults – known as credit risk – that’s not what is happening here, writes Vidhura S. Tennekoon.
Dr. Susan Rosenthal describes the rise of Canada’s public health system during labor’s rebellious postwar period and the corporate profiteering by which it is now being destroyed.
In a 3,900-word commentary, the Chinese Foreign Ministry has openly condemned nearly 80 years of U.S. political, military, economic, technological and cultural hegemony.
Not only has Russia withstood the economic assault, but the sanctions have boomeranged — hitting the very countries that imposed them, write Medea Benjamin and Nicolas J. S. Davies.
As the toxic aftermath of the major Norfolk Southern derailment plays out, Railroad Workers United calls for public ownership of a system beset with “profiteering, pillaging and irresponsibility.”
An employment pact that seems designed for people in high-level positions of confidentiality are being signed by all kinds of workers — so many that the Federal Trade Commission is considering outlawing the practice.
It’s a way to help them re-industrialize, writes Barbara Fritz, at a time when recent geopolitics have also sharpened concern about dollar dependency.
Coverage of the sabotage of the Nordstream pipelines helped Murray realize something important about how the Big Lie works.
Murray says energy giants such as Shell are not alone in profiting from the war in Ukraine. Everybody with a finger in the pie is clamoring to send more tanks and planes.
