These recent stories (from The Alliance for Natural Health-USA) are just a small part of the total story of the alliance between government and the drug companies (Pharma).
The locals voted the project down twice. But somebody at the Department of Energy really wants this deal to go down.
Looks like we found something Hillary actually did while Secretary of State. She helped secure a nice fat deal for Boeing with a Russian state owned company. She did some good work in China too. The Washington Post, not exactly an anti-Clinton news outlet even called her an “international saleswoman” for Boeing.
What is Janet Yellen, new Fed chairman, really worried about?
It won’t happen tomorrow but slowly but surely the world is moving from dollars. The petrodollar system which has been key to the world economy over the last 40 years is eroding. More and more country to country deals are being done in currencies other than the dollar. The economic world as we have known it, after Bretton Woods in the Cold War Era, the post Cold War era, and the post 9-11 era is fundamentally shifting. The dollar is not what it once was. It is no longer “almighty” and one should be prepared.
The Chinese have poured stimulus on top of stimulus already. An archipelago of idiot central planning projects stretches from the Ordos desert in the north to the lush mountains in the south. High rises reach to the sky but are empty, in the middle of cities which are empty, in a country which is anything but empty.
Remember when we couldn’t keep the White House open, “The People’s House,” because of the budget impasse? Michelle Obama not taking just one of her vacations (paid for by you and me) would have paid for the tours and staff at 1600 Pennsylvania Avenue for at least a couple of years.
Though we gave a mixed review to The Economist’s Index of Crony Capitalism, we are very pleased that such an index now exits even if it is flawed. (Too much focus on billionaires, not enough focus on broader more middle class crony capitalism. The index also encourages the idea that crony capitalism, which is created by regulation to a large degree, can be regulated away.)