Borrowing Costs Surge as Markets Turn On Reeves

THE TELEGRAPH: Investors react to warnings that debt-fuelled Budget will raise interest rates and hurt growth

UK borrowing costs have hit their highest levels in a year and stocks have tumbled amid growing concerns about Rachel Reeves’s borrowing plans.

Benchmark 10-year borrowing costs rose by almost 0.2 percentage points to 4.582pc on Thursday, as investors fretted about the Chancellor’s £32bn-a-year increase in borrowing. Analysts have highlighted it would not all be used to fund investment.

The pound also fell by a third of a percent against the dollar to $1.2922 and stocks slumped. The FTSE 250 index, which is made up mainly of domestic companies, fell by 1.4pc and the more internationally focused FTSE 100 was down by 0.80pc in afternoon trade.

The sell-off for British assets and the higher government borrowing costs came as investors reacted to warnings from economists that the Chancellor’s debt-fuelled Budget will leave the country vulnerable to changes in debt costs, put up interest rates and hurt growth. » | Szu Ping Chan, Economics Editor | Thursday, October 31, 2024

The Gilded Age: The Most Transformative Era in American History | FULL SPECIAL | PBS America

Dec 17, 2023 | The Gilded Age presents a compelling and complex story of one of the most convulsive and transformative eras in American history. In the closing decades of the nineteenth century, the U.S. population doubled in the span of a single generation, national wealth expanded, and two classes rose simultaneously, separated by a gulf of experience and circumstance that was unprecedented in American life.

Institute of Economic Affairs: Tax Expert Warns: The Budget's Hidden Attack on Your Wages

Oct 30, 2024 | In an analysis of the government's latest budget, Tom Clougherty, Executive Director and Tax Policy Specialist, breaks down the concerning implications of a massive £40 billion tax increase, with £25 billion coming from employer National Insurance contributions alone. With taxes already at historic highs, Clougherty explains how these changes will likely suppress wages and reduce job opportunities across the private sector.

Despite the change in government, Clougherty identifies a troubling continuity in economic policy, with an increasingly state-centric approach to growth. He critiques the administration's heavy reliance on public spending and capital projects, arguing this comes at the expense of private sector innovation and investment – the true engines of sustainable economic growth.

Drawing from years of economic evidence, Clougherty challenges the government's claim that workers won't be affected by these tax increases. He demonstrates how employer National Insurance hikes inevitably get passed through to employees in the form of lower wages and reduced benefits, adding to existing cost of living pressures. This comprehensive analysis offers vital insights for businesses and workers alike as they navigate the implications of the new budget.

Russian Court Fines Google More Than World’s GDP

THE TELEGRAPH: Moscow seeks compensation after tech giant blocked pro-Kremlin content

Russia has demanded Google pay a fine worth more than the world’s GDP for blocking pro-Kremlin media outlets.

Judges in Moscow are seeking around $20 decillion from the technology giant, many times the estimated $100-trillion size of the global economy. If written out in full, the fine would be 20 followed by 33 zeros.

The penalty, which far eclipses Google’s own $2-trillion market value, comes after the US technology business barred pro-Moscow propaganda channel Tsargrad TV, which is owned by oligarch Konstantin Malofeev, from YouTube four years ago. » | Matthew Field, Senior Technology Reporter | Wednesday, October 30, 2024

For numbers bigger than a trillion, click here.

Volkswagen to Shut Three Factories, Axe Jobs and Cut Pay by 10%, Says Union

THE GUARDIAN: German carmaker warns of stagnation in the European sector amid news of deeper-than-expected action

The German carmaker Volkswagen is planning to shut at least three factories in its home country, lay off thousands of workers and cut pay by 10%, according to the company’s union.

The deeper-than-expected cuts come as the company faces weak sales and slow expansion in the electric vehicle (EV) sector amid tough competition from Chinese manufacturers.

“The board wants to close at least three factories in Germany,” the works council chief, Daniela Cavallo, told employees at VW’s headquarters in Wolfsburg on Monday. Its remaining manufacturing sites will reduce capacity, she said, citing information provided by management.

As Europe’s top economy suffers a crisis in manufacturing and fears of mass unemployment, VW is aiming for a fundamental restructuring to cut costs. It had initially warned last month that it had the equivalent of two factories of extra capacity in Germany. » | Deborah Cole in Berlin and Jasper Jolly | Monday, Octiber 28, 2024

Robert Reich: Elon Musk’s Worst Nightmare

Oct 28, 2024

The High Cost of Trump's Mass Deportation Plan | Robert Reich

Premiered Oct 23, 2024 | Trump’s #1 campaign promise would wreck the economy and rip families apart.

Kamala Harris Will Make the Super Rich Pay More, Not You

Oct 27, 2024

Jeffrey Sonnenfeld - Russia's "Axis of Evil" Will Not Prevent the Imminent Economic Catastrophe

Oct 26, 2024 | Jeffrey Sonnenfeld is Lester Crown Professor of Leadership Practice and a Senior Associate Dean of the Yale School of Management. He helped catalyse the retreat of 1,200 global corporations from Russia, and now strongly advocates for seized Russian Central Bank assets to be passed to Ukraine. Sonnenfeld is known as the founder and CEO of the Chief Executive Leadership Institute (CELI), affiliated with Yale University and for convening Yale's semi-annual CEO Summits, which have drawn thousands of CEOs over the years to engage in off-the-record peer-to-peer conversations.

Why Berlin Can’t Agree on Fixing the Economy | DW News

Oct 25, 2024 | More subsidies for industry -- or lower taxes and less bureaucracy? Germany’s coalition government is divided over how to fix its struggling economy, with each party making their own suggestions. Deutsche Welle speaks with economist Clemens Fuest, president of the Ifo Institute, on what it will take for the German economy to improve and which policy approach he prefers.

Inside Russia: Russia’s Central Bank Has Put Up the Interest Rate to 21%

Anyone’s savings would grow quickly with a rate like that! Read on and comment.
REUTERS: Russia's Nabiullina on raising rates to 21% »

The Obscene Wealth of the Ruling Class & Why You Should Hate Them Even More | Rob Larson | The Majority Report w/ Sam Seder

Oct 24, 2024 | Rob Larson, professor of economics at Tacoma Community College, to discuss his recent book Mastering the Universe: The Obscene Wealth of the Ruling Class, What They Do with Their Money, and Why You Should Hate Them Even More.

Professor Rob Larson then joins, first running through the numbers behind the modern era of wealth inequality and the validity of the parallels with the inequalities of the Gilded Age – from the overwhelming wealth of the top 1% to the minimal holdings of the masses – and the overwhelming social isolation of the upper class via class segregation that defines the stratification of these eras. Expanding on this, Professor Larson walks through the disconnect of the ruling class on the level of the interpersonal (with some strong examples from one Elon Musk) and material, diving deep into how both social institutions (e.g., the media) and economic institutions create (and celebrate) isolated worlds for the uber-wealthy, with boundaries explicitly designed avoid undesirables. Rob, Sam, and Emma then step back and examine the devastating impact this grotesque excess has on the rest of society, particularly in the opportunity cost of the absurd endeavors of the elite, before moving into an expansive conversation on the role of philanthropy in bolstering the power, ego, and wealth of the uber-rich, eventually wrapping up the interview with the central role labor and social organizing must play in the fight to even this playing field.


World Inequality Database here.

Peter Stefanovic: Millions of People Are Living in Poverty, Destitution & Using Food Banks - It’s Barely Mentioned

Oct 24, 2024

Steve Rattner: Trump’s Mass Deportation and Trade War Plans Will Tank the Economy

Oct 24, 2024 | Twenty-three Nobel Prize-winning economists endorsed Vice President Kamala Harris over former President Donald Trump in a joint letter released Wednesday. Morning Joe economic analyst Steve Rattner joins Morning Joe to discuss the economic plans of both Trump and Harris.

Crisis in Venezuela - Maduro's Ongoing Power Struggle | DW Documentary

Oct 23, 2024 | Nicolás Maduro has been president of Venezuela since 2013. He rules the country, which faces grave political and economic problems, with an iron fist. Despite massive criticism from home and abroad, Maduro is clinging to power. Successfully, so far.


Venezuela experienced many dramatic events in recent decades. There was the "Bolivarian Revolution" started by Hugo Chávez, who was elected president in 1998 and introduced a socialist system to the country. There were also attempted coups, violent protests, and severe economic crises — despite the fact that Venezuela has the largest oil reserves in the world.

After the illness and death of Hugo Chávez in 2013, Nicolás Maduro succeeded as president. The former bus driver and socialist set himself the goal of continuing Venezuela's socialist revolution, at any cost.

His rule has been authoritarian. Corruption within Venezuela's state elite and mismanagement are widespread. Years of poor economic decisions have driven the country to ruin under Maduro's presidency. Millions of people in Venezuela are impoverished, and many have fled to neighboring countries.

Yet despite opposition attempts to force him out, Maduro has survived. He was declared the winner in Venezuela’s 2024 presidential elections in July - this, although the parliament had tried to remove him from office in 2017 already. People took to the streets to demand his resignation back then and this year again.

However, none of this seems to have affected Maduro - and following Russia’s invasion of Ukraine, and the resulting rift between Russia and North America and Europe, the international geopolitical situation has changed. The world is more desperate for oil than ever; and a vast quantity of oil is lying dormant underground in Venezuela.

Richard Wolff: The Final Case Against Donald J. Trump

Oct 20, 2024 | Richard Wolff is Professor Emeritus of Economics at the University of Massachusetts Amherst and a visiting professor at The New School, where he works on economics in the Marxist tradition. This is Richard’s fifth appearance on Robinson’s Podcast. He and Robinson discussed some of the most profound criticisms of capitalism. They focused on the myths surrounding Marxism and Marx himself. They covered the Israel-Palestine conflict from a Marxist perspective.

Dr Richard Worlff is a Marxist economist. He has a brilliant mind. However, the mere fact that I am posting this discussion on my blog should IN NO WAY be construed as an endorsement of Marxism. It is not an endorsement; I do not endorse it. I do, however, find Dr Richard Wolff a fascinating character and a man who is extremely intelligent and insightful. Do I agree with his take on everything discussed in this video? Certainly not! But, as my regular visitors should know by now, I do not post videos on this blog simply because I agree with everything discussed in them. Were I to adopt that strategy, I should find it very difficult to post ANYTHING!

As a person, I like to have my thinking challenged. If I think something is particularly good, insightful, or interesting, then I usually post it. Even if the video is controversial. In fact, a little controversy can stimulate one’s thinking. Controversy is to thinking what spice is the food! I hope that you enjoy the discussion. – © Mark Alexander

Milton Friedman's Defense of Greed Ruined a Whole Generation of Economists ft. Richard Wolff

Aug 9, 2019 | Richard Wolff puts Milton Friedman in his place.

Are Populists Destroying Democracy? In Conversation

Oct 21, 2024 | In this conversation, Dr. Kristian Niemietz, Editorial Director at the Institute of Economic Affairs, talks with Nils Karlson, Founding President & CEO of the Ratio Institute, about Karlson's new book "Reviving Classical Liberalism Against Populism." Karlson defines populism through three key characteristics: simplistic solutions to complex problems, a rhetorical style that divides society into "us vs. them," and an authoritarian tendency that challenges democratic institutions. He argues that populism poses a threat to liberal democracies and explores its philosophical roots in continental European thought.

The discussion covers strategies for countering populism, with Karlson advocating for a revival of classical liberal principles. He emphasises explaining populist tactics to the public, securing and developing liberal institutions, and creating narratives that highlight the benefits of a liberal society. Karlson also stresses the need for classical liberals to engage more actively in cultural and political spheres, forming coalitions and supporting politicians who can effectively promote liberal policies.

Karlson addresses questions from the audience on topics such as property rights, the role of democracy in liberal thought, and the importance of family values in classical liberalism. He analyses current political trends and provides ideas for revitalising classical liberal ideas in the face of rising populist movements. This conversation is relevant for anyone interested in the future of liberal democracy and the challenges it faces today.

‘Putin Saw BREXIT Hiatus as Opportunity’

Oct 20, 2024 | Former British Military Intelligence Officer, Philip Ingram, confirms that Remainers were gaslit as scaremongers by the Brexit cabal for their warnings that Brexit would embolden our enemies eg Vladimir Putin. Events now prove that Remainers were right to heed these warnings and it's important to remember who told the truth and who misled/lied.

Cameron should NEVER have called that stupid Brexit referendum. It is deplorable that Cameron called it. – © Mark Alexander

Pat Buchanan on Suicide of a Superpower

Apr 25, 2012 | This week on Uncommon Knowledge, author and commentator Pat Buchanan discusses the disintegration of the United States as a superpower and a united nation.

Margaret, Death of a Revolutionary

Jun 24, 2021 | Martin Durkin's explosive film about Margaret Thatcher argues that she did more to liberate and enrich the working class than any socialist ever has or will. And that is why the Left (and the intelligentsia and the Tory old guard) hate her so much.

This star-studded feature-length film includes interviews with the Prime Minister, Norman Tebbit, Nigel Lawson, Cecil Parkinson, Neil Kinnock, Kenneth Baker, Norman Lamont, Geoffrey Howe, John Redwood, David Davis, Bernard Ingham, Charles Powell, Janet Daley, Polly Toynbee, Kelvin MacKenzie, and others close to Mrs Thatcher.

Martin Durkin's previous films include The Great Global Warming Swindle, Britain's Trillion Pound Horror Story and the series Against Nature.

Maggie Thatcher, Karriere einer Eisernen Lady [Doku]

Mar 12, 2017 | Margaret Thatcher war von 1979 bis 1990 die erste weibliche Premierministerin des Vereinigten Königreichs von Großbritannien und Nordirland. Sie gewann den Falkland-Krieg mit einer Entschlossenheit, die ihr den Beinamen "eiserne Lady" einbrachte, kürzte die Sozialausgaben, privatisierte die britischen Staatsbetriebe und zwang die in den Arbeitskampf getretenen Bergarbeiter und Docker in die Knie. Ihre altmodisch-konservative Aufmachung und ihre Vorliebe für die puritanische Sittenordnung ändern nichts an der Tatsache, dass "Maggie" eine Revolutionärin war. Die Passionaria im Gouvernantenkostüm brachte der Welt den "Thatcherismus".

Margaret Thatcher Interview | Conservative | British Politics | 1982

Apr 9, 2013 | Llew Gardner speaks to British Prime Minister Margaret Thatcher for TV Eye | First shown: 18/02/1982

A look back at a time when the Conservative Party could show the nation the way forward. Of course, not everyone agreed with Margaret Thatcher's economic solutions for the woes of the British economy. But love Maggie or hate her, she had oodles of class, polish, style, and intellect. Compare her with the contenders for Conservative Party leadership today! There is no comparison! The Conservative Party has truly lost its way. – © Mark Alexander

USA - Der Aufstieg der Ultrarechten | Doku HD | ARTE

Oct 15, 2024 | Wie konnten die Ultrarechten bis ins Zentrum der amerikanischen Politik aufsteigen? Indem sie nach und nach Machtpositionen in Politik, Justiz und Medien besetzten und ihren Einflussbereich stetig ausweiteten. Für ihr Ziel – den Wahlsieg 2024 – ist die ultrarechte Minderheit sogar bereit, die Demokratie aufs Spiel zu setzen. Wie hat sie es geschafft, die politische Bühne zu erobern?

Die Verschärfung des Abtreibungsrechts, der Sturm auf das Kapitol 2021, das Aufflammen rassistischer Gewalt: Nie zuvor waren die Ultrarechten in den USA mächtiger und sichtbarer als heute – und das liegt nicht nur an Donald Trump. Die Ultrarechte konnte sich in der Mitte der US-Politik etablieren, indem sie nach und nach Schlüsselpositionen in Politik, Justiz und Medien besetzte und ihren Einfluss kontinuierlich vergrößerte. Mit Blick auf einen Wahlsieg 2024 ist sie bereit, die Dämonen der Sezessionskriege zu wecken, das Land ins Chaos zu stürzen und die Demokratie ins Wanken zu bringen.

Der Siegeszug der radikalen Rechten ist das Ergebnis einer wohlüberlegten Strategie: Vor mehr als 40 Jahren wurde sie in Gang gesetzt – von einer konservativen Minderheit, die nach der Macht strebte. Sie hat quasi unbemerkt ihre Agenda durchgesetzt. Heute erntet sie die Früchte dieser Arbeit: Ihr ist es gelungen, die Schaltzentralen der Macht zu erobern – in Politik, Justiz und Medien.

Donald Trump hat diesen Prozess in jeder Hinsicht beschleunigt. Mit seiner Hilfe haben die Ultrarechten den Obersten Gerichtshof in ihre Gewalt gebracht, nun können sie bei wichtigen Entscheidungen im Kongress den Ausschlag geben. Mit Donald Trump oder einem seiner politischen Erben könnten die Ultrarechten in Zukunft noch weiter in die Offensive gehen.

Dokumentation von Alice Cohen (F 2024, 53 Min)
Video verfügbar bis zum 27/01/2025

The Thatcher Legacy & the Future of British Politics with Charles Moore | In Conversation

Oct 14, 2024 | In this new episode in the 'In Conversation' series, Charles Moore, Baron Moore of Etchingham and Member of the House of Lords, sits down with Tom Clougherty, Executive Director of the Institute of Economic Affairs (IEA), to discuss the current state of British politics and the legacy of Margaret Thatcher. Moore, the acclaimed biographer of Thatcher and former editor of The Spectator and The Telegraph, offers unique insights into the challenges facing modern conservatism and draws intriguing parallels between today's political landscape and the era of Thatcher's rise to power.

Throughout the discussion, Moore delves into a range of pressing issues, including the impact of globalisation, the changing nature of political institutions, and the cultural shifts affecting contemporary society. He reflects on the lessons that can be learned from Thatcher's leadership style and governance approach, while also addressing the new challenges that have emerged in the decades since her tenure. Moore's nuanced perspective on topics such as immigration, the role of international institutions, and the evolving dynamics within the Conservative Party provides a thought-provoking analysis of the current political climate.

This conversation offers viewers a rare opportunity to hear from one of Britain's most respected political commentators as he shares his insights on the past, present, and future of conservative thought. Whether you're a student of politics, a history enthusiast, or simply curious about the forces shaping modern Britain, this discussion between Charles Moore and Tom Clougherty promises to be both enlightening and timely.

How Marlboro Became the #1 Cigarette Brand

Jun 30, 2022 | Marlboro cigarettes are the most smoked by far, but it wasn’t always like that; At one point, Marlboro owned less than 1% of the cigarette market. However, one famous marketing campaign that Marlboro ran skyrocketed their sales and made them the #1 cigarette brand in the world. This is the story of The Marlboro Man.

P&O Ferries Owner Pulls £1bn UK Investment after Rayner Attack

THE TELEGRAPH: Dubai company chief withdraws from investment summit after Deputy PM’s criticism of employment practices

P&O owner DP World has put a £1bn expansion of one of Britain’s biggest container hubs on hold after ministers attacked the ferry company’s employment practices.

The Dubai-based business had planned to announce the investment in London Gateway port at a summit convened by Sir Keir Starmer, the Prime Minister, next week.

However, Sultan Ahmed bin Sulayem, the DP World boss, will no longer attend the event after Louise Haigh, the Transport Secretary, and Angela Rayner, the Deputy Prime Minister, described P&O as “unscrupulous” and “exploitative” this week » | Christopher Jasper, Transport industry editor | Friday, October 11, 2024

Talks on UK Rejoining EU Could Start in 10 Years’ Time, Says Peter Mandelson

THE GUARDIAN: Labour peer says in meantime it is essential to try to reduce damage of Brexit deal struck by Boris Johnson

Peter Mandelson has suggested the UK could start talks on rejoining the EU in 10 years’ time, much earlier than Keir Starmer believes.

Lord Mandelson told an audience in Edinburgh the “truth is that [reversing Brexit] could be a conversation which starts in 10 years’ time”, but only if EU member states were willing to consider it.

He said that in the meantime it was essential for the UK’s productivity and growth to reduce the damaging impact of the Brexit deal struck by Boris Johnson “as best we possibly can”.

Mandelson’s remarks, at a lecture for the thinktank Reform Scotland, are in contrast to the prime minister’s prediction before the general election that the UK would not rejoin the EU, or the single market or customs union, in his lifetime. » | Severin Carrell, Scotland editor | Friday, October 11, 2024

UK Must Prepare for Widespread Road Pricing, Says Infrastructure Tsar

THE GUARDIAN: Sir John Armitt says charging per mile ‘inevitable’, with move to electric vehicles likely to create £35bn tax shortfall

Britain must prepare for the widespread use of road pricing to make up a £35bn shortfall in tax revenues from the transition to electric vehicles, the country’s top infrastructure adviser has said.

Sir John Armitt, the chair of the National Infrastructure Commission (NIC), said it was time for a “proper public debate” about the future funding of the road network and other critical projects.

“It’s politically a very difficult issue isn’t it? But many people will say road pricing is inevitable. Personally, I don’t see why it should be any different to anything else,” he told journalists on Thursday.

“We pay for all our other infrastructure services as we use them, and we pay for driving on the road, as we use it, via petrol tax. And if you’re going to lose the petrol tax, at [more than] £30bn a year, what is government going to replace it with?” » | Richard Partington and Gwyn Topham | Thursday, October 10, 2024

Rachel Reeves Considers Raising Capital Gains Tax to 39%

THE GUARDIAN: Exclusive: Rates of 33% to 39% being tested as Treasury source says tax-raising plans are in ‘complete disarray’

Rachel Reeves is considering raising capital gains tax as high as 39% in the budget, the Guardian can reveal, amid a scramble to raise funds for crumbling public services.

Treasury modelling being reviewed by the chancellor and seen by this newspaper shows officials are testing a range of 33% to 39% for capital gains tax (CGT). The wealth tax is paid by about 350,000 people and is levied on the sale of assets including second homes and shares but at significantly lower rates than wages.

Whitehall sources say there is growing concern about the limited options for tax rises to fill a hole the Institute for Fiscal Studies (IFS) thinktank says is as big as £25bn, ahead of the budget on 30 October.

“Some very big tax decisions are being left until very late in the day,” one senior source claimed. Another said the Treasury’s tax-raising plans were in “complete disarray”. » | Anna Isaac | Thursday, October 10, 2024

Bitcoin Creator Allegedly Unmasked in HBO Documentary

THE TELEGRAPH: True identity of ‘Satoshi Nakamoto’ claimed to be little-known Canadian software developer

A documentary has claimed to have unmasked the mysterious creator of the cryptocurrency Bitcoin as a little-known Canadian software developer.

A planned broadcast on HBO – Money Electric: The Bitcoin Mystery – will suggest that Peter Todd, who was involved in early discussions around the development of Bitcoin, was its pseudonymous creator, Satoshi Nakamoto.

The true identity of Nakamoto, who invented the cryptocurrency, has remained a mystery for over 15 years.

Nakamoto interacted with other digital currency enthusiasts via email chains and online forums, before sending a final message in 2011 and vanishing entirely. » | Matthew Field, Senior Technology Reporter | Wednesday, October 9, 2024

Germany's Government Confirms Second Year of Recession | DW News

Oct 9, 2024 | The German government has updated its growth forecast for the country’s economy. It is now expecting GDP to drop 0.2 percent for this year, making it the second year in a row with a shrinking economy. We’re talking to ING chief economist Carsten Brzeski about the reasons for Germany’s weakness, how the country stacks up compared to other economic superpowers – and what the future will hold.

Reeves to Press Ahead with Plans to Borrow Billions for Investment

THE GUARDIAN: Exclusive: Chancellor’s plan to change rules to allow more borrowing comes as cost of government debt rises

Rachel Reeves is pushing ahead with plans to borrow billions of pounds extra for infrastructure investment, the Guardian has learned, despite concerns about the rising cost of UK government debt.

The chancellor told the cabinet on Tuesday she wanted to change how the Treasury accounted for capital spending to reflect its benefits, as allies say she intends to finalise her debt rule in the coming days.

The move, which will be confirmed to the Office for Budget Responsibility (OBR) as soon as Wednesday, will allow the government to borrow tens of billions more for capital spending over the course of this parliament.

Whitehall sources say she is committed to the plan despite a recent rise in the government’s borrowing costs, which some market experts have blamed on the prospect of higher debt but which others say is more connected to the US economy. » | Kiran Stacey, Political correspondent | Tuesday, October 8, 2024

Hjalmar Schacht: The Nazi Regime’s Financial Architect I Slice History | Full Documentary

Hjalmar Schacht is a largely forgotten figure. And yet, Hitler’s rise to power depended on him. Adapted from the novel The Devil’s Banker by Jean-François Bouchard, this documentary paints the portrait of a fascinating character, at once intellectually brilliant and imbued with an icy cynicism, and who, paradoxically, was never a member of the Nazi party, despite being one of its pillars.

Documentary: Inside Hitler’s Killing Machine: The Banker of the Third Reich
Directed by: François Pomès
Production: Label News

Why the Elites Want UBI. The Fourth Industrial Revolution Explained

Sep 21, 2024

2011: Apple Co-founder Steve Jobs Dies

HISTORY.COM — ON THIS DAY IN HISTORY: On October 5, 2011, Steve Jobs, the visionary co-founder of Apple Inc., which revolutionized the computer, music and mobile communications industries with such devices as the Macintosh, iPod, iPhone and iPad, dies at age 56 of complications from pancreatic cancer.

Born on February 24, 1955, in San Francisco, California, to unmarried graduate students Joanne Schieble and Abdulfattah Jandali, a Syrian immigrant, Jobs was adopted as a baby by Paul Jobs, a Silicon Valley machinist, and his wife Clara. After graduating from high school in Cupertino, California, in 1972, Jobs attended Reed College, a liberal arts school in Portland, Oregon, for a single semester before dropping out. He later worked briefly for pioneering video game maker Atari in California, traveled to India and studied Zen Buddhism. » | History.com Editors | Saturday, October 5, 2024

In Argentina's Poverty-hit Barrios, a Food Emergency Takes Hold | REUTERS

Oct 1, 2024 | Years of recessions and high inflation have left over half of Argentina's population in poverty. Here’s what you need to know about the South American nation’s food emergency.

BEWARE! This short video is not for the faint-hearted! Brace yourselves!

My regular visitors will know that I said from day one that Javier Milei’s shock therapy would cause misery and hardship. Javier Milei’s anarcho-capitalism might be transforming for the economy, but at what cost? As I have said before, more than once, this experiment is going to end in tears. This is a CRUEL economic experiment. – © Mark Alexander

Italian Deputy Minister Questions Giorgia Meloni Being Labelled a Fascist

Oct 4, 2024 | Italy's Deputy Minister for Enterprises Valentino Valentini has critiqued mainstream media for labelling Italy’s Prime Minister Giorgia Meloni a far-right fascist, claiming Ms Meloni has “proved” the term “does not apply”.

“That was the corner where most of the mainstream media tried to place Meloni,” Mr Valentini told Sky News host Danica De Giorgio.

“Firstly, because she was an unknown figure and secondly because she comes from the right.

“Meloni has proved the term fascist does not apply.”