Thursday, 28 June 2018

We Can—And Must—Reform Capitalism

Fred Block says capitalism is not an unchanging monolith, which means we can make it better.

One of the Right’s greatest successes has been claiming that their definition of capitalism is as radically laissez-faire is fixed. It’s time to challenge that.

That’s the argument of Fred Block, Professor of Sociology at UC Davis and author of the forthcoming book, Capitalism: The Future of an Illusion (University of California Press).

Block’s book challenges the view on both left and right that capitalism is a fixed system. Instead, he argues, markets are social institutions, which means they can be constructed not just in the current neoliberal mode, but in more social democratic forms. Block’s book shows how the type of capitalism that thrived in the West after World War II can be revived, pointing to the success of the Scandinavian model and the way in which the public sector can help drive private sector innovation.

The Effect Of The Trade War On Blue Collar Workers | Velshi & Ruhle | MSNBC

The markets have already been affected by President Trump’s trade war, but Stephanie Ruhle explains how blue collar workers are now starting to feel the pinch. Weighing in: Vanity Fair special Correspondent Bill Cohan.

Wednesday, 27 June 2018

Bank of England Rejects EU's Warnings

Britain's banks could deal with a hard Brexit next March if necessary. That's according to the Bank of England's Governor. Mark Carney rejects the European Union's warnings that lenders are inadequately prepared.

Tuesday, 26 June 2018

Panorama: Putin's Secret Riches (2016)

Vladimir Putin has been accused of corruption on a breathtaking scale. His critics say he's used his power to amass a secret fortune, so is the Russian president really one of the richest people in the world? Reporter Richard Bilton meets former Kremlin insiders who say they know how Putin's riches are hidden.

Trade War Drives US Production Overseas

Retaliatory EU tariffs are driving companies like Harley-Davidson to move production overseas. Bruce Clark of Moody's Investors Service says nearly everyone in a production chain will feel the pain before tariffs work through the system.

Monday, 25 June 2018

Trump-Supporting Business Owner Lays Off Staff, Begs Democrats To Save His Business

The New York Times recently ran an interview with George Skarich, one of the leading producer of nails in the United States. Skarich supported Donald Trump, but now that Trump’s tariffs have caused his sales to plummet and forced him to lay off hundreds of employees, he’s now begging Democrats to step in and help him. He can’t say he wasn’t warned this kind of thing would happen, as Ring of Fire’s Farron Cousins explains.

USA: Wages Falling Dramatically

Trump promised a lot of winning, but the American people are losing… Cenk Uygur and John Iadarola, hosts of The Young Turks, break it down.

Saturday, 23 June 2018

‘America First’ Policy Isolating US from the World: Bart Chilton

The European Union introduced a round of retaliatory tariffs targeting us goods on Friday, a response to the Trump administration’s tariffs against European steel and aluminum. $3 billion worth of American products will be impacted by the tariffs which have already gone into effect. RT America’s Anya Parampil analyzes the impact with Bart Chilton, host of Boom Bust.

Friday, 22 June 2018

Has a Global Trade War Become Inevitable? | Inside Story

The latest shots in a looming trade war were fired on Friday as the European Union imposed $3.3bn in tariffs on US goods. It's a direct response to recently-imposed US tariffs on imported steel and aluminium from the EU, Canada and Mexico.

In making up their own list of products to tax, EU leaders sought to make a point to US President Donald Trump and his supporters that protectionism carries a price.

Among the items now subject to high taxes when entering the EU: bourbon whiskey from Kentucky, the home state of US Senate Republican leader Mitch McConnell. Harley Davidson motorcycles and artisan cheese, both of which are produced in Wisconsin, the home state of Republican House speaker Paul Ryan. And orange juice - one of the most important crops in Florida: a swing state whose Republican governor, Rick Scott, is in a tight race for a Senate seat.

Nor is the EU alone. Canada, China and India have all announced sweeping tariffs on US goods in response to Trump's steel and aluminium levies. So, where does this leave the international system of rules and treaties that has promoted global trade since the end of World War II?

Presenter: Martine Dennis | Guests: Steven Rogers - A member of the Donald J. Trump for President Advisory Board; Deborah Elms - Executive Director, Asian Trade Centre; Sam Lowe - International Trade Expert at the Centre for European Reform

Economic Collapse Confirmed! $70 Trillion Dollar Dark Cloud Of Debt – Stock Market Crash 2018

Thursday, 21 June 2018

The Brexit Files: How to Solve the Irish Border Problem

Trump's Trade War with China: A Great Miscalculation

Trump and his advisors seem to be extremely ill-informed about the ways in which China can retaliate, even though the US can impose tariffs on more Chinese goods, than China can impose on the US, says CEPR's Dean Baker

Saturday, 16 June 2018

Are US and China on the Brink of a Trade War? – Inside Story

The last ten years saw a marked improvement in trade between the United States and China. But Trump’s battle of the tariffs is threatening that. And there are fears of an all-out trade war. The U.S. is putting tariffs on 50 billion dollars’ worth of Chinese imports. The president says he wants a fairer trade with China.

But Beijing has fired back with a tit-for-tat response. It has published a list of more than 600 American products it plans to hit with its own taxes.

Is it a case of who blinks first in this economic brinkmanship? And what will it mean for global trade?

Presenter: Elizabeth Puranam | Guests Philippe LeGrain, Political Economist and Former Special Adviser to the Director-General of the World Trade Organization; Einar Tangen, China Political Analyst who advises the Chinese government on economic and development issues; Scott Lucas, Professor of American Politics at the University of Birmingham

Wednesday, 13 June 2018

US Federal Reserve Hikes Interest Rates on 'Strong' Economic Growth

Warning: Housing Bubble About To Burst

Defiant Trump Ignites Trade War with Canada and G7 Allies

Citing national security issues to get around WTO rules, Trump ordered tariffs of 25 percent on steel and 10 percent on aluminum imports from Canada and EU countries. William Black and Gerald Epstein discusses the implications of these tariffs on the different economies

Monday, 11 June 2018

Is the Gulf Bailout Enough for Crisis-hit Jordan? | Inside Story

Jordan has always been seen as an oasis of peace and stability in a volatile region. But it is a country of limited resources and increasingly in debt. Conflicts in neighbouring Iraq and Syria have dampened trade and it is had to absorb hundreds of thousands of refugees.

Budget cuts and tax hike plans have led to mass protests, toppling the prime minister. Gulf countries worried about another Arab Spring uprising have stepped in with $2.5bn in aid. And the European Union, whose foreign policy chief was in Amman on Sunday, has thrown in $23m.

What is at stake in a country of huge geopolitical significance?

Presenter: Hashem Ahelbarra | Guests: Jawad Al-Anani - Chairman of the Amman Stock Exchange and a former Jordanian Minister of Foreign Affairs; Ibrahim Fraihat - Associate Professor of Conflict Resolution & Humanitarian Studies at the Doha Institute for Graduate Studies; James Moran - Senior Research Fellow at the Centre for European Policy Studies who served as the EU Ambassador to Jordan and Yemen

Sunday, 10 June 2018

The Future of Global Capitalism with David Harvey

David Harvey, Author of “Marx, Capital, and the Madness of Economic Reason,” discusses the future of global capitalism.

Saturday, 9 June 2018

G7: Donald Trump versus Rest of the World? – Inside Story

The leaders of seven of the world's biggest economies are in Canada for what could be the most acrimonious G7 summit in years.

Donald Trump’s tariffs on steel and aluminium imports have caused outrage and a war of words with other world leaders.

The U.S. president also finds himself virtually isolated on the Iran nuclear deal and climate change. A showdown seems imminent. So are we closer to a trade war that could derail the global economy? And will America First leave America Behind?

Presenter: Elizabeth Puranam | Guests: Colin Robertson, former Canadian diplomat and Vice President of the Canadian Global Affairs Institute; Inderjeet Parmar, Department of International Politics at City, University of London; Seijiro Takeshita, Dean at the School of Management and Information at the University of Shizuoka

Trump Goes It Alone: Europe at a Loss?

US President Donald Trump is unyielding in his stance on protective tariffs on steel and aluminum. What are the consequences? Will it unite Europeans? Or divide them? Guests: Daryl Lindsey (Spiegel International), Laura v. Daniels (SWP), Ralph Freund (Republicans Overseas)

Monday, 4 June 2018

Robert Reich in Los Angeles on Income Inequality

Robert Reich, Chancellor's Professor of Public Policy at the University of California at Berkeley and former Secretary of Labor, discussed the state of income inequality, the Trump presidency, the new steel and aluminum tariffs and the promising future of today's high school and college students.

China Opens EU Charm Offensive amid US Tariffs

Sunday, 3 June 2018

How Will Jordan Deal with Public Anger? | Inside Story

Hundreds of Jordanians have spent the past few days voicing their anger at proposed tax increases - and what they say is the already intolerably high cost of living. They accuse the government of covering up failed economic policies and demand the resignation of Prime Minister Hani Al-Mulki.

Jordan's economy has struggled in recent years because of the conflicts in neighbouring Syria and Iraq, and a shortfall in foreign aid. Can a compromise be reached to avert a full-blown crisis? And what role are regional powers playing in the crisis?

Presenter: Folly Bah Thibault | Guests: Lamis Andoni – Journalist; Rami Khouri - Professor, American University of Beirut; Ibrahim Fraihat - Associate Professor in conflict resolution, Doha Institute for Graduate Studies

Trade War: Trump against the World? | DW English (March 2018)

'Trade wars are good, and easy to win' said Donald Trump just a day after announcing steep tariffs on imports of steel and aluminium. The US president is clearly determined to deliver on his ‘America First’ promise. Does a brutal trade war lie ahead? Our guests: Andreas Kluth (Handelsblatt Global), Lars Halter (DW), Ulrike Herrmann (taz)

US Tariffs: France Warns against Trade War with Allies | Al Jazeera English

Saturday, 2 June 2018

Trump Tariffs Could 'Destroy' EU's Steel Industry

Warning comes as speculation mounts that US President will slap import tariffs on European steel and aluminium.

Daniel Lacaille Addressing Market Concerns

Can a Populist Government Solve Italy's Problems? | Inside Story

A very unusual coalition government has come to power in Italy. Leaders of the anti-establishment Five Star Movement and the right-wing, anti-immigration League party have been sworn into office. They want to revive Italy's sluggish economy by rejecting austerity and increasing spending.

The European Union is worried by the proposals and Italy's large debt. So what will the government, led by law professor Giuseppe Conte, mean for Italy and the rest of Europe?

Presenter: Folly Bah Thibault | Guests: Federigo Argentieri - Professor of Political Science; John Cabot University in Rome Daniel Gros - Director, Centre for European Policy Studies; Nathalie Tocci - Special Adviser to EU's Foreign Policy Chief, Federica Mogherini

Friday, 1 June 2018

On the Brink of a Global Trade War? | Inside Story

Politicians and business leaders have reacted angrily to President Donald Trump's decision to impose stinging tariffs on imports of steel and aluminium.

The European Union is taking legal action at the World Trade Organization. And Canada and Mexico – two of the biggest sources of aluminium and steel for the US – will now impose their own charges on American goods.

Trump's decision has been described as "illegal" and "unacceptable." Is this the beginning of the end of the global trade order?

Presenter: Hashem Ahelbarra | Guests: Philippe Legrain - former adviser to the Director-General of the World Trade Organization; Joe Watkins - Republican strategist and former White House Aide to President George H W Bush; Maurizio Zanardi - International Economist at Lancaster University, UK

The Crash Is Coming! The Coming Collapse Of The American Economy - Economic Collapse News

Trump Shocked Other Countries Can Do Tariffs Too

Trump has announced that he is putting tariffs on steel and aluminium. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, discuss.

"The trade penalties, 25% on imported steel and 10% on imported aluminum, take effect at midnight, Commerce Secretary Wilbur Ross told reporters Thursday. Mexico, the EU and Canada immediately announced plans to retaliate with their own tariffs against American products.

Trump announced worldwide steel and aluminum tariffs in March but granted exemptions to some major trading partners. Canada, Mexico and the EU were among the countries granted relief while the United States pursued negotiations to address the administration's concerns about the state of domestic steel and aluminum production. Those negotiations had a Friday deadline.”

* Hosts: Cenk Uygur, Ana Kasparian | Cast: Cenk Uygur, Ana Kasparian

Mogherini on Trump Tariffs: "EU Measures Will Be Proportionate"

US Allies Denounce Trump’s Tariff Decision

Leaders and officials from the E.U., Canada and Mexico were united in their disapproval of President Trump’s move to place tariffs on metals, which could provoke retaliation against American businesses.