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Kitaro

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Amazing Grace

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Accumulation of what?

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Published on Real-World Economics Review Blog RWER, by Editor, Aug 4, 2015.

The answer depends on what we mean by capital accumulation. The common view of this process is deeply utilitarian. Capitalists, we are told, seek to maximize their so-called ‘real wealth’: they try to accumulate as many machines, structures, inventories and intellectual property rights as they can … // Continue Reading…

german Know-Nothings today

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Published on MrZine.org, by Victor Grossman, Aug 2, 2015.

“I don’t know.” Those words, often repeated 160-odd years ago in the USA, earned the gang of those using them the nickname “Know-Nothing Party.” Those were no expressions of intellectual modesty; party doings were secret, so members were not supposed to disclose anything about them, but just say, “I don’t know.” Their patriotic title was actually “American Party,” but many members truly knew almost nothing except that they hated immigrants, especially Catholic Germans and Irish, and wanted to bar them from entry, from citizenship and from the vote. Continue Reading…

the growing pains of urban agriculture

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Published on Montreal Gazette, by Donna Nebenzahl, Aug 1, 2015.

… The beds of this Action Communiterre collective garden in Notre-Dame-de-Grâce are already yielding lettuce, Swiss chard, peas, nasturtiums and a variety of herbs, along with raspberries from the bushes that form a pollinating garden around the edges of the space. The runner beans are climbing above the carrots, marigolds grow alongside eggplant, and peppers and tomatoes are being tied to strings attached to the wood frames that support them. Continue Reading…

testing the global central bank swap network

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Published on Perry G. Mehrling, by blog owner, July 31, 2015.

In the last few weeks, the ECB has been drawing on its liquidity swap line with the Fed, first $308 million for a week, then $658 million for a week, and last week back down to $358 million. What’s that about? … // Continue Reading…

India: Government planning to deduct part of subsidies and hand it over to beneficiaries to boost demand

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Published on The Economic Times, by Yogima Sharma, August 1, 2015.

NEW DELHI: The government will likely put some money in your bank account every month if it goes ahead with a proposal currently being considered at the highest levels. The plan is to expand the direct cash transfer scheme, by deducting a portion of the subsidy each family receives through various government welfare schemes and putting an equivalent amount of cash in the account of the beneficiary … // Continue Reading…

Global Derivatives: the $ 1.5 Quadrillion Time Bomb

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Published on Global Research.ca, by Stephen Lendman, July 26, 2015.

When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives.   Continue Reading…