Tag: World Bank

Amboys’ Anti-China Smears Exposed

Tina Marie (Ms. Cat)

By Herman Tiu Laurel

On July 17, 2022 the Philippine Daily Inquirer headlined a complete and total lie about China’s loan assistance to the Philippines, blaring loudly and shamelessly “’Debt trap avoided’; Marcos pushed to review China loans.” How Philippine mainstream media is allowed to publish such outright misinformation and disinformation is truly disgusting.

Amboys’ Anti-China Smears Exposed

Related:

The myth of PH bankruptcy and ‘Chinese debt slavery’

Afghanistan earthquake exposes disaster caused by decades of US occupation

Tina Marie (Ms. Cat)

by Jean Shaoul, WSWS, Jun 24 2022

A 6.1-magnitude earthquake in a remote area of Afghanistan has killed at least 1,000 people and injured at least 1,500. While the worst affected area is the mountainous Paktika province, deaths have also been reported in the eastern provinces of Khost and Nangarhar. Many more bodies are thought to be buried in mud as heavy rain hampers rescue efforts.

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With the ever-expanding US war against Russia, the US is preparing to bring the type of devastation wrought upon Afghanistan and Iraq to Europe, at an even greater cost in lives and treasure.

Afghanistan earthquake exposes disaster caused by decades of US occupation

Larry Summers warns unemployment must rise to cool inflation

Tina Marie (Ms. Cat)1 Comment

Ex-Treasury Secretary Larry Summers warned that millions of currently employed Americans must lose their jobs in order for the Federal Reserve to succeed in its bid to cool inflation.

Larry Summers warns unemployment must rise to cool inflation

Related:

Larry Summers Says US Needs 5% Jobless Rate for Five Years to Ease Inflation

Maybe he can ship some more jobs overseas [/sarcasm]?! I’d suggest shipping him, overseas, but I wouldn’t even wish that on my enemy!

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