admin

A senior labour leader, who confided in a correspondent from the Punch, said that leaders of the NLC took a unanimous decision to condemn the price increase and mobilise workers for a nationwide protest on Wednesday to prevail on the government to reverse the action. The source said that the NEC decided to fix the […]

Former President Olusegun Obasanjo says President Muhammadu Buhari may not do well in economy and foreign affairs, except in military matters. “Buhari is not a very hot person on the economy and foreign affairs,” Obasanjo said. The former President stated this on Monday at the third International Conference on African Development Issues — themed, “Driving […]

The Nigeria Labour Congress, Trade Union Congress and Civil Society Organization has condemned Nigeria government’s unilateral increase in prices of petroleum products and vowed to shut down the country if the government failed to reverse this decision The union, which announced their decision in a joint statement issued, Friday, and cosigned by Comrade Ayuba Wabba, […]

Submitted by Tom Chatham via Project Chesapeake blog, When a national currency collapses, the government goes into survival mode and does what is necessary to insure its continued existence. The state power becomes all important and citizens become expendable. The state exists for it’s own fulfillment. When the monetary system collapses along with the banks, […]

With establishment scaremongery reaching 11 on the Spinal Tap amplifier of doom, confusion over Brexit’s reality remains high among Brits with at least 20% undecided still and the rest almost evenly split. As we noted previously, a vote for Brexit would be the first time the European Union’s process of ever-greater integration has taken a […]

Submitted by Raul Ilargi Meijer via The Automatic Earth blog, I am not very optimistic about the fate of mankind as it is, and that has a lot to do with what I cite here, that while our problems tend to evolve in exponential ways, our attempts at solving them move in linear fashion. That […]

Another week goes by and another gaggle of Fed guffaws pukes out the same old ‘we are data-dependent’ meme, the same old ‘everything is on track’ narrative, and the same old ‘bonds are wrong, stocks are right’ idiocy. Do they not see what this constant nonsense has done to Kuroda and The Bank of Japan’s […]Read More

From extending the weekend, to rationing electricity, to running out of money to print money, we’ve been covering the real-time events that have occurred in Venezuela as it devolved into a completely failed state. Sadly, last night as starving citizens looted marketplaces in search of food, we predicted that a civil war was almost inevitable, […]

Submitted by David Stockman via Contra Corner blog, After a week in which all the big retailers—Macy’s, Kohl’s, Nordstrom’s, Gap, JC Penney, Dillard’s——reported exceedingly downbeat results for their April quarter, it is not surprising that the Census Bureau’s statistical fabrication mill reported robust April retail sales. Likewise, you could count on the financial press to trot out the superlatives, […]Read More

For the duration of Donald Trump’s campaign trail right after Hillary Clinton, China has been the go-to “punching bag.”  Earlier this month, the presumptive Republican nominee went as far as describing China’s trade relationship with the U.S. as “rape” and has repeatedly said China is stealing U.S. jobs.  Curiously, despite Trump’s relentless criticism of China, […]Read More

With Donald Trump going after Jeff Bezos’ “capture” of The Washington Post this week, along with Facebook’s alleged liberalization of the mainstream’s news feeds, the topic of press independence is once again back out of conspiracy theory back-rooms and near top of mind for many average indoctrinated joes. Almost thirty years ago, Edward Herman and […]Read More

On May 18, 2015, the ECB’s Benoit Coeure held a closed-door speech under “Chatham House” rules in which he leaked to an audience of hedge funds in London that “the central bank would moderately front-load its purchases in its quantitative easing program because of the seasonal lack of market liquidity in the summer.” The reaction […]Read More