Tag: GOVERNMENT SPENDING

World Spending On Nukes Explodes To More Than $90 Billion

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World Spending On Nukes Explodes To More Than $90 Billion

Honeywell International, Northrop Grumman, BAE Systems, Lockheed Martin, and General Dynamics topped the list of companies profiting from nuclear weapons expenditures.

That flood of public funds to private contractors was coupled by significant spending by these companies on efforts to shape the debate around government spending. The companies spent $118 million lobbying governments in the U.S. and France in 2023 and donated more than $6 million to think tanks researching and writing about nuclear weapons.

Lockheed Martin contributed to the most think tanks, including: Atlantic Council, Brookings Institution, Chatham House, Center for a New American Security, Center for Strategic and International Studies, Hudson Institute, and Observer Research Foundation.

Inflation and interest rates: the US experience

Ms. Cat

Once again the US Federal Reserve is in a quandary. Does it cut its policy interest rate soon in order to relieve pressure on debt servicing costs for consumers and businesses and perhaps avoid a stagflationary economy (ie low or no growth alongside higher inflation); or does it hold its current interest rate for borrowing in order to make sure inflation falls towards its target of 2% a year?

Inflation and interest rates: the US experience

Russians vote for Putin

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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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David Villamar interviewed about Ecuador’s violent crime disaster

Ms. Cat

Despite the ongoing genocide in Gaza, Ecuador’s violent crime problem is such an incredible disaster that it manages to attract international attention. Criminals have recently taken over live newscasts. Supporters of the rightwing governments that created the disaster (for example, The Economist) have declared Ecuador to be the deadliest country in the Americas. It’s difficult for Ecuador to get international news coverage. In recent years, it generally has to be something very bad (or sports-related).

David Villamar interviewed about Ecuador’s violent crime disaster

Related:

How Did Ecuador Spiral into This Nightmare? It Was the Neoliberal Dismantling of the State

Pakistan’s misery continues

Ms. Cat

Pakistan has a general election today. It will decide on the next government of the world’s fifth-most populous nation and the governments of its four provinces — Punjab, Singh, Balochistan and Khyber Pakhtunkhwa. Around 128 million people can vote to pick 266 representatives to form the 16th parliament in a first-past-the-post system. They will also vote to elect the legislatures of the country’s four provinces.

Pakistan’s misery continues