Donald Trump wants to rip up the financial rule book and let the bankers go hog-wild. But haven’t we tried that before? Last Friday, the president announced a plan to scrap the rules that were put in place in 2010 to prevent another financial meltdown. Trump wants to return to the ‘good old days’ when... Read More

The man who promised to restore hope and bring change to America, has announced a plan to open five corporate plantations in the United States. On Thursday, President Barack Obama, whose policies have resulted in the greatest number of public sector job losses in US History (Public sector jobs have declined by 718,000 jobs since... Read More

On Tuesday, Barack Obama made the case for easing regulations in an op-ed in the Wall Street Journal. The article, titled "Toward a 21st-Century Regulatory System", was accompanied by a caricature of a scissor-wielding businessman slashing-away at red tape, a symbol that is revered among anti-regulation zealots. In the opening paragraph, the president praises free... Read More

Counterpunch Last month the G-20 authorized the International Monetary Fund to increase its loan resources to $1 trillion. It’s not hard to see why. Weakening currencies in the post-Soviet states threaten to raise default rates on foreign-currency mortgages as collapse of the Baltic real estate bubble drags down Swedish banks, while the Hungarian property plunge... Read More