from Dean Baker The first decade of this century was pretty awful for U.S. manufacturing workers. In December of 1999 we had 17.3 million manufacturing jobs. This number had fallen to 11.5 million by December of 2009. This amounted to a loss of 5.8 million jobs, or one-third of all the manufacturing jobs that had existed at the start of the decade. That looks like a pretty big deal. It’s also worth pointing out that most of these jobs were lost before the onset of the Great Recession. We...

As taken from the Comments Section., Commenter RJS . . . the CDC reports that the trend in hospital admissions for Covid was up 12.1% to 8,035 over the most recent week, while the trend in the percentage of Covid deaths was again unchanged…if we go back three weeks on the CDC’s Covid deaths graph to the death totals which presumably won’t be revised, we find there were 426 Covid deaths over the week ending July 15th, which would have been a...

As taken from the Comments Section., Commenter RJS . . . the CDC reports that the trend in hospital admissions for Covid was up 12.1% to 8,035 over the most recent week, while the trend in the percentage of Covid deaths was again unchanged…if we go back three weeks on the CDC’s Covid deaths graph to the death totals which presumably won’t be revised, we find there were 426 Covid deaths over the week ending July 15th, which would have been a...

Last Friday (August 4, 2023), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – July 2023 – indicated a rather ‘steady as she goes’ outcome. A slightly weaker employment outlook compared to the beginning of 2023 but overall a very stable situation. There is no sign of recession and no sign that the misguided Federal Reserve interest rate rises are causing rises in unemployment. More evidence that monetary policy is not an...

A large part of why they succeeded was due to this...

RADHIKA DESAI: Hello everyone and welcome to the [15th] Geopolitical Economy Hour, a program that discusses the political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson.RADHIKA DESAI: And today we have once again Pepe Escobar, roving reporter extraordinaire. Welcome, Pepe. PEPE ESCOBAR: Thank you. It’s an enormous pleasure to be with you guys again. RADHIKA DESAI: And today we are going to continue the discussion we started in the last...

Interesting paper on gold and its use in trade early in history.AcademiaEarly intimations of international gold standard in Indus Script CorporaSrini Kalyanaraman, Researcher of Sarasvati Civilization

You have to be on topic to the post to which you are commenting. And “no” this is not my “site,” it is Dan’s site. I will follow his directives from the last time we talked. If you are a regular here, I have made this known as a moderator. Respect the author by being on topic. Also, respect the author by not making your comment about them. There are Open Threads to which I make a statement and to which you can comment about or go off in a...

You have to be on topic to the post to which you are commenting. And “no” this is not my “site,” it is Dan’s site. I will follow his directives from the last time we talked. If you are a regular here, I have made this known as a moderator. Respect the author by being on topic. Also, respect the author by not making your comment about them. There are Open Threads to which I make a statement and to which you can comment about or go off in a...

[unable to retrieve full-text content]War hawks’ drive to expand NATO into Asia may destroy Western military alliance  Geopolitical Hour, August 4, 2023 RADHIKA DESAI: Hello everyone and welcome to the [15th] Geopolitical Economy Hour, a program that discusses the political and geopolitical economy of our time. I’m Radhika Desai.  MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: And today Continue Reading The post Towards a Demilitarized Global Currency...