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The effect of printing money
‘Gauri’ Wins ‘Best Long Documentary Award’
Kavitha Lankesh’s Gauri, the eponymous documentary film about her sister and slain journalist Gauri Lankesh, won the “Best Long Documentary Award” at the South Asian Film Festival of Montreal this year, its second international award so far.
The citation for the award reads: “A brave and uncompromising pulse-taking of the current crisis in Indian politics, focusing on the 2017 political assassination of trailblazing Bengaluru journalist Gauri Lankesh. A “J’accuse” docu-thriller directed and narrated with verve by Gauri’s sister, Kavitha Lankesh”.
Gauri Lankesh was shot dead at her Bengaluru residence in 2017 by a man who said he was following orders to kill Lankesh with the purpose of “saving his religion“. At the time of her death, Lankesh’s weekly magazine had come under attack for her views against the communal politics of the Sangh parivar in Karnataka.
— source thewire.in | 17/May/2023
The Russian Revolution Centenary
Mother of the Disability Rights Movement
The trailblazing civil rights activist Judy Heumann died Saturday at the age of 75. Heumann was widely known as “the mother” of the U.S. disability rights movement, for breaking down barriers faced by disabled people and leading campaigns for historic legislation, including the Americans with Disabilities Act.
In 1970, Heumann became the first teacher in New York to use a wheelchair. In 1977, she led a 26-day sit-in protest at a federal building in San Francisco that led to enforcement of the Rehabilitation Act’s prohibition on discrimination against disabled people.
President Biden honored Heumann in a statement, writing, “After her school principal said she couldn’t enter Kindergarten because she was using a wheelchair, Judy dedicated the rest of her life to fighting for the inherent dignity of people with disabilities.”
— source democracynow.org | Mar 06, 2023
Behind the Iran Contra Affair
Disconnect from our smartphones and reconnect with ourselves
ZIRP’s only Exit path is a Crash
Interest-bearing debt grows exponentially, in an upsweep. The non-financial economy of production and consumption grows more slowly as income is diverted to carry the debt overhead. A crash occurs when a large part of the economy cannot pay its scheduled debt service. That point arrived for the U.S. economy in 2008, but was minimized by a bank bailout, followed by a 14-year boom as the Federal Reserve increased bank liquidity by its Zero Interest-Rate Policy (ZIRP). Flooding the capital markets with easy credit quintupled stock prices and engendered the largest bond market boom in U.S. history, but did not revive tangible capital investment, real wages or prosperity for the non-financial economy at large.
Reversing the ZIRP in 2022 caused bond prices to fall and ended the runup of stock market and real estate prices. The great 14-year debt increase faced sharply rising interest charges, and by spring 2023 a number of banks failed, but all their depositors were bailed out by the FDIC and Federal Reserve. The open question is now whether the U.S. economy will face the financial crash that was postponed from 2009 onwards by the vast expansion of debt under ZIRP that has added to the economy’s debt burden.
Read the full article. https://michael-hudson.com/wp-content/uploads/2023/07/HUDSON1311.pdf
— source michael-hudson.com | Jul 10, 2023
Dreams of privatizing public health
How the FBI Infiltrated BLM Protests
Evidence has emerged that the FBI played a direct role in infiltrating racial justice protests after the police killing of George Floyd in 2020. A new podcast, out today, called Alphabet Boys documents how the FBI paid an informant at least $20,000 to infiltrate and spy on activist groups in Denver, Colorado. The informant also encouraged activists to purchase guns and commit violence.
I can’t talk about sourcing for the recordings or the records, but what I can say is that what’s significant about this show is that it’s the first behind-the-scenes look at how the FBI infiltrated and investigated racial justice groups and the racial justice movement during the summer of 2020, which for two years now has always been an open question, which is: How did the FBI respond to the racial justice movement, given the context that the FBI had previously designated Black political activists as so-called Black identity extremists or anti-government extremists?
— source democracynow.org | Feb 07, 2023