Demowp

Tag: Loan

  • The Group of Seven Should Finally Be Shut Down

    The Group of Seven Should Finally Be Shut Down

    Leon Golub (USA), Vietnam II, 1973. During the May 2023 Group of Seven (G7) summit, the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States visited the Hiroshima Peace Memorial Museum, near where the meeting was held. Not doing so would have been an act of immense discourtesy. Despite many […]

  • The Work That Tricontinental Does

    The Work That Tricontinental Does

    I am grateful to you for reading this newsletter, which has been coming to you since March 2018 and which now – thanks to the efforts of our movements – reaches over a million people. Our first newsletter posed a problem that remains at the heart of our institute’s work: The Left has before us […]

  • Playing with Financial Fire

    Capitalism, Marx said, is unceasingly prone to crisis. His observation applies as much to financial capital as to industrial capital, as the recent collapse of Silicon Valley Bank and Signature Bank of New York attest. In their pursuit of profits, banks make loans that borrowers cannot repay or back the loans with assets that lose […]

  • The Looming Quadrillion Dollar Derivatives Tsunami

    On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in the country and its bankruptcy was the second largest in U.S. history, following Washington Mutual in 2008. Despite its size, SVB was not a “systemically important financial institution” (SIFI) as defined in […]

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