Tag: disposable income

Russians vote for Putin

Tina Marie (Ms. Cat)1 Comment

For charts, see the original post.

Russians vote for Putin

Today Russians are set to head to the polls for their country’s presidential election over three days – with only one expected outcome. Incumbent President Vladimir Putin will win comfortably.  The Russian president is elected by direct popular vote. If no candidate receives over 50% of the vote, then a second round is held between the two most popular candidates three weeks later. It’s the first time that multi-day voting has been used in a Russian presidential election, as well as the first allowing voters to cast ballots online. 

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Russia’s war economy is holding up.  Wages have soared by double digits, the rouble is relatively stable and poverty and unemployment are at record lows. For the country’s lowest earners, salaries over the last three quarters have risen faster than for any other segment of society, clocking an annual growth rate of about 20%. 

The government is spending massively on social support for families, pension increases, mortgage subsidies and compensation for the relatives of those serving in the military.  

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The scissors of slump

Tina Marie (Ms. Cat)

Last week, US Treasury Secretary Janet Yellen told the US Congress that “We now are entering a period of transition from one of historic recovery to one that can be marked by stable and steady growth. Making this shift is a central piece of the President’s plan to get inflation under control without sacrificing the economic gains we’ve made.”

It’s true that the US economy since the depths of the pandemic slump, (which remember in terms of national output, incomes and investment was the worst since the 1930s – even worse that the Great Recession of 2008-9) has made a recovery. But it could hardly be described as ‘historic’. And as for the claim that the US economy, the best performing of the major economies in the last year, is heading towards ‘stable and steady growth’, that is not supported by reality.

The scissors of slump

Answering The Empire’s (and the Fake Left’s) Campaign of Baldfaced Lies Against China

Tina Marie (Ms. Cat)

Answering The Empire’s (and the Fake Left’s) Campaign of Baldfaced Lies Against China

“In a time of great need the US government is letting its citizens freeze, go broke, get evicted, and die of preventable illnesses, so obviously it’s of paramount importance right now that Americans rise up with one voice and direct their righteous anger at China. I’m developing a special disdain for people who mindlessly regurgitate US anti-China narratives, especially people who are normally skeptical of US government claims. There’s just no excuse for this nonsense. The geostrategic agendas are so obvious, the barefaced liars so familiar, and the facts so readily available for anyone intellectually honest enough to look”.

Caitlin Johnstone.