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Analysis Global Economy World

All roads lead to stagflation

In the short term, global inflation is going to rise.  If the conflict lasts longer, then rising inflation will be joined by falling economic growth and the likelihood that even some of the major economies could slip into a slump.  Stagflation is certain and slumpflation is possible.

Analysis Middle East World

Iran war: A new phase of imperialist onslaught

This is a war whose potential devastation could eclipse all previous wars and armed conflicts in the region. The kind of destruction witnessed in Iraq, Libya, and Syria now looms over Iran. Meanwhile, only a short distance away, the destruction caused by the Pakistan–Afghanistan conflict continues unabated.

Analysis Politics United States

Why are the Teamsters endorsing Greg Abbott?

Workers in Texas suffer under this crushing weight coming at them from all sides because of Abbott. Oxfam America’s “The Best States to Work In The US 2025” reported that Texas is 45th out of 50 U.S. states in wage policies, worker protections, right to organize and the minimum wage, which is still $7.25 per hour. It mirrors the federal minimum wage of $7.25 per hour that’s been frozen since 2009.