What’s the Fate of Social Security in a Brutally Unequal America?
[ad_1] Yves here. Both parties have been gunning to “reform” as in cut, Social Security for decades. Bill Clinton’s plan was sidetracked by the American heroine Monica Lewinsky. Obama’s Grand Bargain failed due what is left of the left combatting cuts to safety nets, most of all Social Security. Readers here like to diss Bernie […]
FirstFT: US, Japan and South Korea deepen security co-operation to deter China
[ad_1] Good morning. The US, Japan and South Korea are to create a leader-level hotline and hold annual joint military exercises as part of a historic trilateral agreement that will help Washington and its Asian allies boost deterrence against North Korea and China. President Joe Biden will unveil the move with Japanese prime minister Fumio […]
The Looming War Against China: Economic Logic Has Been Replaced by National Security Overrides
[ad_1] Yves here. One of the subthemes of the latest offering from Michael Hudson on the bizarre spectacle of the US escalating against China is puzzlement that the West is not operating in its best interest. Lambert has been chewing over this conundrum too. Perhaps it’s that they really do believe their propaganda, and still […]
A new world order seeks to prioritise security and climate change
[ad_1] After the cold war, America and Europe established an economic order based upon open markets, global trade and limited state meddling in the economy. Climate change was a distant threat. Allowing countries like China or Russia into the global economy was widely seen to be beneficial for both them and their Western trading partners. […]
A Modest Proposal to Fix Social Security
[ad_1] The annual report of the Social Security Board of Trustees on the long-term financial status of the Old-Age and Survivors Insurance and Disability Insurance Trust Funds released on March 31 showed that from 2034 Social Security won’t have enough money to pay all beneficiaries the amount they are entitled to. There is no great mystery […]
Why We Should Reform Medicare and Social Security in the Next Few Years
[ad_1] Imagine you’re out in the jungle and that in front of you is a steep, miles-long cliff on either side of your location. You see a stampeding herd of elephants coming your way. Unless something very unlikely happens, they will soon be trampling you. Should you act on that information now or wait until […]
UK adds e-bikes and security cameras to inflation basket
[ad_1] E-bikes, frozen berries and security cameras have been added to the list of goods and services tracked to calculate inflation in the UK, in changes that reflect the popularity of new technology and rising concern about the environment. In its annual update to the basket of goods and services used to track inflation, the […]
The Ukraine Crisis Is a Classic “Security Dilemma”
[ad_1] Yves here. It’s frustrating to see Medea Benjamin and Nicolas J. S. Davies not understanding the history of and stakes in the Ukraine conflict, perhaps because they are not willing to see that the only peace settlement that will occur is when one side is defeated, and that side is not likely to be […]