Hudson Report
Another US Housing Bubble?
Economist Michael Hudson explains that even though housing prices are back up at 2008 levels homeownership is at a much lower level and banks have their loans guaranteed by the US government
US-NATO Border Confrontation with Russia Risks Nuclear War and Loss of European Partners
Michael Hudson says that the US-led confrontational approach of NATO with Russia is driving European countries to consider disbanding or leaving the military alliance due to increased security risks
Millions Around the World Fleeing from Neoliberal Policy
A research team from Columbia University’s Mailman School of Public Health in New York estimates 875,000 deaths in the United States in year 2000 could be attributed to social factors related to poverty and income inequality. According to U.S. government statistics, 2.45 million Americans died in the same year. When compared to the Columbia research team’s finding, social deprivation could account for some 36% of the total deaths in 2000. “Almost all of the British economists of the late 18th century said when you have poverty, when you have a transfer of wealth to the rich, you’re going to have shorter lifespans, and you’re also going to have emigration,” says Michael Hudson, Distinguished Research Professor of Economics at the University of Missouri-Kansas City. Many countries, such as Russia, the Baltic States, and now Greece, have seen a massive outflow of their populations due to worsening social conditions after the implementation of neoliberal policy. Hudson predicts the United States will undergo the same trend, as greater hardship results from the passage of the Trans-Pacific Partnership, changes to social security, and broader policy shifts due to prospective appointments to the U.S. Supreme Court and the next presidential cabinet. “Now, the question is, in America, now that you’re having as a result of this polarization shorter lifespans, worse health, worse diets, where are the Americans going to emigrate? Nobody can figure that one out yet,” says Hudson.
Smoke and Mirrors of Corporate Buybacks Behind the Market Crash
Michael Hudson, the author of Killing the Host: How Financial Parasites and Debt Destroy Global Economy, says the stock market crash on Monday has very little to do with China and all to do with shortermism and buybacks of corporations inflating their own stocks
Should Fed Taper QE If Banks Get Most of the Benefits?
UMKC professor of economics Michael Hudson explains how the bond-buying program helps keep interest rates low for everyday people but has also shored up bad mortgage loans of corrupt banks
The Reoccurring Financial Woes of Greece
Michael Hudson says a leading economist in the IMF European Division resigned in anger and had written a number of reports that denounced the IMF as captured by private bond holders and speculators when former chief Dominique Strauss-Kahn was its head
Fast Track for Whom?
Michael Hudson says fast track legislation takes decision-making power out of the hands of the legislators and puts it in the hands of corporate lobbyists
Europe Tilts East Towards China (2/2)
Economist Michael Hudson says China’s new international bank will be exempt from a US-veto, empowering other countries to lead development and perhaps challenge the use of the dollar as the currency of global capital
Europe Tilts East Towards China (1/2)
Michael Hudson Report: Britain, German, France and Italy are among those who joined Asian Infrastructure Investment Bank in an expression of their discontent over World Bank polices that force developing countries to depend on the US
Pensions of Union Workers Cut in Federal Budget
UMKC economics professor Michael Hudson discusses how Wall Street will profit as workers’ pensions get slashed
Russia Rejects South Stream Pipeline Through Europe
Hudson Report: Europe’s effort to join the US in isolating Russia has backfired, it makes no sense to build an oil and gas pipeline for Russian exports that would be owned and leased to them by the US and Europe
Russia Pivots to Eurasia for Trade and Military Alliances
Michael Hudson Report: The United State’s renewed cold war policy to isolate Russia is dividing Europe and changing the orbit for China and Asia
President Putin Pledges to Increase Trade with China and Asia to Rebuke Sanctions
The $400 billion, 40 year oil and gas deal between China and Russia is a response to the new cold war pressure and sanctions on Russia, says economist Michael Hudson
Why Are Stock Markets So Volatile?
A serious depression is pending as a result of austerity, says Professor Michael Hudson, author of The Bubble and Beyond, and Finance Capitalism and Its Discontents
Why the Tea Party & European Right Are Winning Elections
Michael Hudson: There is no real left-wing alternative to the right
Is Thomas Piketty Right About the Causes of Inequality?
Economist Michael Hudson discusses the popularity of French economist Thomas Piketty’s recent book and says his work fails to link the financialization of the economy to the ascent of the 1%
Investigation Finds Former Ukraine President Not Responsible For Sniper Attack on Protestors
Michael Hudson: A German TV investigation disproves the West’s claim that Yanukovych was responsible for killing of dozens of Ukrainian protestors, making this President Obama’s WMD moment
West Looks to Carve Up Ukraine & Privatize Industries Held by Kleptocrats
Michael Hudson: The financial grab for Ukraine’s industries is simply war by another name, as other Eastern European countries have experienced a similar fate
Who In Ukraine Will Benefit From An IMF Bailout?
Economists Michael Hudson and Jeffrey Sommers discuss how provisions in an IMF deal like cuts to gas subsidies and pensions will hurt the average Ukrainian citizens and benefit kleptocrats