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Why Is the Fed Paying So Much Interest to Banks?

When “Mary Poppins” was made into a movie in 1964, Mr. Banks’ advice to his son was sound. The banks were then paying more than 5% interest on deposits, enough to double young Michael’s investment every 14 years.... [read more]

The Fed's Dramatic About-Face

“Quantitative easing” was supposed to be an emergency measure, but the Federal Reserve is now taking a surprising new approach toward the policy.... [read more]

ABC

Regular readers of outRageous! know at this time of the year, as well as keeping up with T.V. holiday viewing, I hide and hibernate to fulfil my duty as one of several thousands of official voters for the annual BAFTA awards... [read more]

That's How It Happened

When everybody on both sides was exhausted, the war ended with a set of armistices, which defined the recognized borders of Israel... [read more]

Bowe Bergdahl, US soldier captured by Taliban: A reflection on his words and time for prisoner exchange

Carol Grayson reports on the status of Bowe Bergdahl, an American held prisoner by the Taliban since 2009, and provides a transcript of the unedited version of a video of Bowe which the Taliban recently released... [read more]

Lenin's State and Revolution: Chapter One Parts 2&3

Still basing himself on Engels' work, Origin of the Family, Private Property and the State, Lenin points out that the State is the first form of society exclusively to base itself on a given territory... [read more]

Remembering My Lai

Ian Broughton reflects on the My Lai massacre, forty years on.... [read more]

Why Do We Think We Own The Earth?

Is it too late to ditch our rigid world view, our superiority, our belief in our ‘right’ to own and control our world? ... [read more]

Penrose Inquiry: “Bad Blood”, biological terrorism and cover-up under a failed western democracy

The Penrose Inquiry, the public inquiry into the circumstances in which patients treated by the NHS in Scotland became infected with Hepatitis C, HIV, or both, through the use of blood or blood products published its Final Report on Wednesday, 25 March 2015... [read more]

Hannibal ad Portas

The last war has come to an end, the next war has not yet started, so let's use the time to speak of many things. Of Hannibal, for example... [read more]

Flight MH17 – Imperialism and the art of hypocrisy

The blame game commenced immediately. Without waiting for an investigation or any hard information whatsoever, Washington lost no time in pointing an accusing finger at Moscow... [read more]

The Banks, Fragile Giants

Part 5 of Eric Toussaint's series Banks versus the People: the Underside of a Rigged Game shows that big banks continue playing with fire, because they are persuaded that governments will save them whenever necessary... [read more]

The writing out of the Radical tradition

Regular readers are aware of my view of Winston Churchill. On the five pound note, he will replace Elizabeth Fry, whom Michael Gove also wants to remove from the National Curriculum along with Robert Owen... [read more]

Sixty years of philatelic pleasure, and now?

For the five or six generations of solitary, sedentary boys in the middle of which fell my vintage (the baby boomers), the hobby par excellence was collecting stamps, recalls W Stephen Gilbert.... [read more]

Teachers' Union Opposes Government's 'Licence to Teach' Proposal

The government's plan to impose a 'licencing' system on the teaching profession is bureaucratic and unworkable, says Christine Blower.... [read more]

Preview of Ramzy Baroud's 'My Father was a Freedom Fighter'

Stephen Lendman previews the forthcoming book by journalist, campaigner and regular London Progressive Journal contributor Ramzy Baroud.... [read more]

Nazifying the Arabs: the war of Holocaust narratives

This war of narratives was discussed at a 24 April SOAS event, co-sponsored by its Palestine Society and the Jewish Network for Palestine (JNP). Rather than give a lecture, the author Gilbert Achcar, Professor of International Relations at SOAS was interviewed by Professor Haim Bresheeth... [read more]

Universal Basic Income Is Easier Than It Looks

Calls for a Universal Basic Income (UBI) have been increasing, most recently as part of the “Green New Deal” introduced by Rep. Alexandria Ocasio-Cortez, D-N.Y., and supported in the last month by at least 40 members of Congress... [read more]

Classy Questions

Are you fit enough to join the front-line in the UK's Class War?... [read more]

Fox in the Hen House: Why Interest Rates Are Rising

The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”?... [read more]

The One-World View

Here's a tale to warm your cockles - wherever they may be... [read more]

Jerusalem

On the 26th May 1967, using money borrowed from my stepmother after swearing her to secrecy because I lived in unjustified terror of a very kind Dad, I boarded a flight to Jerusalem... [read more]

The German Elections and the Ongoing Crisis of European Imperialism

Angela Merkel, who has been in power for 12 years and who won just 33% of the vote in the elections held on 24 September, failed to negotiate a coalition government that would rule over the German and the European working class for the next four years... [read more]

Scottish Left On The Eve of the Centenary of Bolshevik Revolution

Scottish coordinator for ICOR, Amjad Ayub Mirza looks at the effects of revisionism and reformism on Scottish left politics... [read more]

What a State-Owned Bank Can Do for New Jersey

Having a cheap and ready credit line with the state’s own bank can have similar benefits for New Jersey and other states... [read more]

In the meantime things are getting meaner

In the meantime there is a crisis of democracy. It is not a crisis in one country. The peace dividends we were promised have been squandered.... [read more]

Expelled for being a socialist: victim of the #LabourPurge

UNISON activist Terry McPartlan arrived home one day to find a letter stating that he’d been expelled from the Party after 36 years of continuous membership.... [read more]

More Equal Than Others

Our society thrives on inequality, insofar as it thrives at all... [read more]

The Kissinger Story

Kissinger achieved his goal. The Soviets lost the Arab world to the United States. Until Vladimir Putin came along... [read more]

Death in Yemen - UK Arms Sales to Saudi and the “Proper Use” of Illegal Weapons

Amnesty has been pressing the British government on Saudi Arabia’s use of outlawed weapons, only to be told sanguinely that UK Ministers have been provided with “assurances” by Saudi Arabia “of their proper use.” Work that one out: “proper use” of illegal weapons.... [read more]

Clintonites Prepare for War on Syria

Neoconservatives including Clintonites are pushing hard for a direct US attack on Syria to prevent the collapse of their regime change project... [read more]

Banning Paralympic Athletes to Bash Russia

Last Sunday it was announced that the International Paralympic Committee (IPC) had decided to ban the entire Russian team from the upcoming Paralympics to held in Rio in September... [read more]

The British Chicken Coup: 172 Labour MPs against a pro-Corbyn party

As soon as the result of the EU referendum was announced, the attempted coup – or Chicken Coup, as some named it – was in full swing.... [read more]

A Document with a Mission

When David Ben-Gurion read out Israel's declaration of independence on May 14, 1948, I was in Kibbutz Hulda.... [read more]

"Us" and "Them"

Some days ago, Yitzhak Herzog said something especially obnoxious. He declared that his party is failing at elections because people believe that its members are "Arab lovers".... [read more]

An Incongruous UN Humanitarian Summit in Istanbul

President Erdogan should not have the honour of hosting the first ever United Nations World Humanitarian Summit... [read more]

My Terrorist, Your Terrorist

After World War I, when the victorious Great Powers carved up the Ottoman Empire between them, France insisted on the creation of a Christian Lebanese state under its stewardship... [read more]

Health and Humanity Part 4: MIC and BPS

The recent and ongoing reaction of the political class here in the UK to the first prominent peace-promoting party leader in recent times is a yardstick for the modern politician’s disregard to anything Eisenhower said... [read more]

When God Despairs

God is shaking his head. These humans, He asks Himself, will they never learn... [read more]

Quantitative Easing for People: The UK Labour Frontrunner's Controversial Proposal

British MP Jeremy Corbyn has proposed a “People’s QE” that has critics crying hyperinflation and supporters saying it’s about time... [read more]

Jewish Terrorists

Some of my best friends demand that I write an article condemning unconditionally the "administrative detention" of Jewish terrorists. ... [read more]

Humility

A poem from Dr Faysal Mikdadi... [read more]

War Crimes? Us???

The concept of "war crimes" is dubious. The biggest crime is starting the war in the first place... [read more]

The Kiev Junta: A study in the Anatomy of Fear and Ignorance

Dr Tomasz Pierscionek shows the apparent ease with which fear propagates ideas which might otherwise be rejected as absurd... [read more]

The Israeli Salvation Front

The 2015 election was a giant step towards the self-destruction of Israel. An Israel Salvation Front is needed now.... [read more]

Economic Policies for an Incoming Labour Government (Part 8 of 9)

The Community Interest Bank Key to Local SME Development... [read more]

Swimming With Sharks: Goldman Sachs, Schools and Capital Appreciation Bonds

Remember when Goldman Sachs – dubbed by Matt Taibbi the Vampire Squid – sold derivatives to Greece so the government could conceal its debt, then bet against that debt, driving it up?... [read more]

John Cantlie writes from within Islamic State captivity… what messages should we take from his article?

Freedom of speech and expression has become a much debated concept depending who interprets and how it is defined... [read more]

State and Revolution (conclusion)

Thomas Riggins concludes his analysis of Lenin's work - State and Revolution... [read more]

The Pen Trumps the Sword Anytime (Part 2)

The second part of an 'Introduction' to an illustrated book of poetry by Faysal Mikdadi. The collection, Painted into a Corner, appeared in the summer of 2014... [read more]

The Pen Trumps the Sword Anytime (Part 1)

The first part of an 'Introduction' to an illustrated book of poetry by Dr Faysal Mikdadi. The collection, Painted into a Corner, appeared in the summer of 2014... [read more]

Lots of soldiers could die in Iraq — and not fighting ISIS

U.S. troops today should take that lesson to heart. It is not worth being the cannon fodder in another arrogance-driven military adventure in the Middle East... [read more]

Ukraine: NATO hypocrisy over “Russian invasion” as Kiev suffers defeat

As politicans from across the world met at the NATO summit in Wales, the crisis in Ukraine saw an escalation in rhetoric... [read more]

Stop the War in East Ukraine

Sweeping sanctions have been imposed by the European Union and the United States on Russia for its alleged involvement in East Ukraine.... [read more]

Is it love?

A poem by Miles Caston... [read more]

Police, Guns, Action – how safe were England’s pilot badger culls?

The British government’s policy to rid England’s cattle of bovine TB by culling badgers is unravelling writes Lesley Docksey... [read more]

Acquiescing to Big Biotech: The Deceptions and Falsehoods of the GMO Lobby

British Environment Secretary Owen Paterson is a staunch supporter of the GMO sector despite mounting evidence pointing to the deleterious health, social, ecological and environmental impacts of GMOs... [read more]

The myths about Marxism

The past two decades have witnessed a barrage of propaganda against Marxism and its revolutionary heritage from the mainstream media... [read more]

Lenin on the Paris Commune (1871): An Heroic Uprising

Thomas Riggins discusses Lenin's take on the Paris Commune... [read more]

What can we do with what Thomas Piketty teaches us about capital in the twenty-first century? (Part 2 of 2)

Part 2 of Eric Toussaint's review of Thomas Piketty book Capital in the Twenty-First Century... [read more]

The Auschwitz Volunteer

Andrew Balcerzak tells the story of a daring Polish army officer who entered Auschwitz on a mission to reveal the horrors of the Nazi genocide... [read more]

The Imperator

In the middle of the 70s, Ariel Sharon asked me to arrange something for him - a meeting with Yasser Arafat... [read more]

In India, a spectre for us all, and a resistance coming

Neoliberalism has failed the vast majority of India's people. But the spirit that gave the nation independence is stirring, writes John Pilger.... [read more]

Solidarity with the Bolivarian revolution in the face of economic war

In the run up to the 8th December municipal elections in Venezuela, the campaign of speculation, hoarding, profiteering, overpricing and sabotage of the economy has intensified... [read more]

Malala's ordeal

Dr Lal Khan explains how the Western media conveniently suppresses aspects of Malala Yousafzai's background so that Pakistani youth and workers remain oblivious of this brave girl’s struggle... [read more]

The Culture of Blame Will Get Us Nowhere

Dr Faysal Mikdadi challenges the culture of blame associated with the long running conflict between Palestinins and Israelis ... [read more]

Permacation: how a mixed environment can bring about a better delivery of education

There is no secret in saying that the National Curriculum was not introduced to promote co-operation or individual ingenuity. Elijah Pryor advocates a different model for learning... [read more]

The Key Relevance of the Writings of Professor Kenneth Kenkichi Kurihara

George Tait Edwards explains how the writings of economist Kenneth Kurihara serve as the gateway to understanding Shimomuran high-growth economics ... [read more]

Why Will Labour Not Readmit Me?

On 12th May, I re-joined the Fabian Society and the Christian Socialist Movement, writes David Lindsay... [read more]

Nations Get what their Financial-Industrial Systems Deliver: A Comparative Analysis of Three Different Groups of Financial-Industrial Systems

George Tait Edwards compares three different financial-industrial systems and considers the merits of each model... [read more]

Materialism and Empirio-criticism [Part 4 ]

Thomas Riggins guides us through Chapter I, Section II of Lenin's Materialism and Empirio-criticism... [read more]

New Year Misery in Spain

On the second day of the new year a 57-year-old family man in Malaga set fire to himself because he has no work, no money and no future says Michael S... [read more]

Time Magazine and My Psychosis

Dr. Faysal Mikdadi discusses a recent letter he wrote to Time magazine... [read more]

That defining moment: On anti-Muslim films, cartoons and my Gaza neighbour

Insulting Islamic symbols often represents a breaking point for many Muslims. Spiritual, religious figures and symbols often represent the last hope to which poor, humiliated and disenfranchised people cling onto with absolute ferocity, writes Ramzy Baroud. ... [read more]

Nice little earner

When it comes to dishonesty it may be that social security tribunals have more knowledge of the subject than one would expect, says Felix McHugh.... [read more]

The psychological damage of warfare

Since the federation of Australia in 1901, more than 100,000 young men have died, fighting to protect their country. But the real victims here were those affected psychologically, writes Finn Bowen. ... [read more]

Spain’s other valley of the fallen

David Eade discusses Spain’s ‘Valley of the Fallen’ where to this day the bones of those who perished under the Nationalist onslaught in the Civil War still lie on the ground... [read more]

Britain: BMA strike - The Truth

Last month's day of action by doctors in Britain attracted a lot of criticism from the Tory press - no surprise there! Dr Tomasz Pierscionek puts forward the case for the doctors' strike and explains what really happened.... [read more]

Camping Needs Solid Ground

LPJ's arts correspondent and resident philosopher, Stephen Gilbert, comments that an emphasis on celebrity is the prevailing television flavour of the age, infecting every genre of programming, whether appropriate or not... [read more]

The Politics of Truth

Politicians are easy targets and scoring points off aunt sallies is a national sport. Stephen Gilbert discusses the chasm between the accountability of political columnists and that of MPs... [read more]

Alternative living, not just a green gap year

Miles Caston explores an alternative 'Gap Year' idea for those wanting to differ from the norm. WWOOF lets you contribute to a local community abroad and help the environment through maintaining sustainable ways of living ... [read more]

The Rest is Hasbara: Jenny Tonge’s Victory over the Lobby

Baroness Tonge, spoke at the House of Lords in January 2009 of the "impotence of the international community, not just in Gaza, but…over 40 years of occupation of Palestine by Israel," Ramzy Baroud explains further.... [read more]

Spying an opportunity

Stephen Gilbert argues that surveillance over the whole population involves an erosion of our basic liberties. We give away our rights at our own peril. ... [read more]

When will the Palestinians revolt?

After six decades of occupation, Israeli government strategists are yet to realize that the Palestinian people are not a singular body of blind followers who can be easily manipulated and controlled, writes Ramzy Baroud.... [read more]

Expectation, Myth & Disappointment

In her latest article, outRageous! explains how the world-wide political agenda is peeing its pants in anticipation of agents of change.... [read more]

Beat the Cheat: an alternative take

With the Sun newspaper launching yet another campaign of 'Beat the Cheat', Felix McHugh highlights the problem of claimants being cheated out of their benefits... [read more]

Penny Red – Notes from the New Age of Dissent

John Green reviews the latest book from an up and coming journalist who describes herself as a journalist, author, feminist, socialist, utopian, general reprobate and troublemaker... [read more]

The Assange case means we are all suspects now

John Pilger reveals the extent to which the White House will go to silence 'Whistleblowers' speaking the truth... [read more]

A Ghost Story Retailed (part three)

W Stephen Gilbert delivers an up-to-date, state and fate of the retail trade in Britain, it is partly personal and anecdotal, and partly a critical overview: part three.... [read more]

A Ghost Story Retailed

W Stephen Gilbert delivers an up-to-date, state and fate of the retail trade in Britain, it is partly warmingly, personal and anecdotal, and partly a critical overview: part one... [read more]

Palestine: Those Who Inspired Us in 2011

2011 had its share of tragedy. Human lives were lost in Palestine. But hope was also sustained by the sacrifices of numerous ‘ordinary’ people, says Ramzy Baroud.... [read more]

Obit: Never a Soft or quiet Russell

W Stephen Gilbert pays tribute to Ken Russell, the enigmatic, eccentric film director who died on Sunday. ... [read more]

Bankers' Coups D'etat in Southern Europe

Steven Colatrella unveils that the very tenets of democracy in Europe are under threat as finance capital launches the first of its coups d'etat in Greece and Italy.... [read more]

Wearing Your Heart on Your Lapel

W Stephen Gilbert reflects on the politics of poppy wearing, its dissociation in popular society from what it actually represents and its hijacking by politicians. ... [read more]

What might make Christopher Hitchens change his mind about 1492?

On the anniversary of ‘Columbus day’ David Hill questions journalist Christopher Hitchens\' admiration of the year 1492... [read more]

Mutiny on the Titanic

Uri Avnery reflects on recent events in Israel... [read more]

The lasting legacy of 9/11

Since the September 11 2001 attacks the world has witnessed the best and worst of humanity, writes John Wight.... [read more]

The ruling class policy toward its soldiers - Use Once and Throw Away

Dr Tomasz Pierscionek describes the treatment of war veterans, from the Vietnam era to those returning from present day conflicts, and highlights the continual deceit war-mongering governments use to deceive the public. The real enemies are not foreign but domestic.... [read more]

Millennium Goals Revisited: Noble Ideas, and Feel-Good Moments

The UN's much-vaunted Millenium Development goals have turned out to be little more than wishful thinking, writes Ramzy Baroud. ... [read more]

Chavez Launches Interactive Blog

The Venezuelan president has launched his own personal website, as Kiraz Janicke reports.... [read more]

Activism is Change, Not academic Squabbles and Bickering

Ramzy Baroud calls for a greater sense of community among Western-based supporters of the Palestinian cause.... [read more]

Chimes At Midnight: Football in Crisis

Ordinary fans are being ripped off by the unfettered greed of modern footbal, writes Steve Jones.... [read more]

Venezuela Creates Peasant Militias

The Chavez regime is arming the Venezuelan peasantry to protect them against militias bent on undermining the country's agrarian reform initiatives, as Kiraz Janicke explains.... [read more]

The Johnny Procedure

Uri Avnery on the conspiracy of silence which protects Israeli war criminals.... [read more]

Marxists Must Stand Firm Against Ahmadinejad

An Iranian Marxist makes a plea to Venezuelans to reject their government's support for Iran's reactionary president Ahmadinejad.... [read more]

The Economic Crisis and Poor Countries

Mick Brooks compares the 'boom and bust' economics of the past twenty years with similar patterns in the 1920s and 1930s: once again it is the poorer nations that stand to lose the most.... [read more]

Is the New Statesman Committing Suicide?

Examining a particularly unfortunate case of appalling journalism, Nathaniel Mehr wonders whether mainstream publications are complacent or just grossly out of touch.... [read more]

G20 Riot Police Kill Bystander

In the wake of the unprovoked - and ultimately fatal - attack on bystander Ian Tomlinson at last week's G20, Daniel Read calls for an end to police brutality and the culture of police cover-ups. ... [read more]

Circles of Crisis

Michael Prior examines the political crisis at the heart of the UK slowdown.... [read more]

The Great Depression

Michael Roberts argues that the big "bailouts" of financial institutions have exposed the fallacy behind the "free market" ideologies which have dominated British and American political and economic systems for the past thirty years.... [read more]

Convention of the Left: Challenging the Two-Party System

With mainstream politicians apparently unable to find a way out of the present financial mess, Michael Prior believes now is a critical time for the left to mobilise.... [read more]

Gaza: Why We Must Act Now

Addressing a Lenasia rally in solidarity with the people of Gaza on 14th January, Zwelinzima Vavi characterised the Israeli government as a racist regime comparable to Apartheid South Africa. ... [read more]

Book of the Month: Matti Kohonen and Francine Mestrum Eds, "Tax Justice"

In the first of our regular "Book of the Month" features, Matt Genner recommends this insightful collection of essays on economic reform.... [read more]

‘I Can Give You the Names of Those Responsible’ – Interview with a Colombian Human Rights Activist

Campaign group Justice for Colombia recently conducted the following interview with a human rights activist who works closely with the trade union movement in the Colombian department of Meta. ... [read more]

The Open Veins of Wales

Guardian journalist George Monbiot on his love for his adopted country.... [read more]

The Immigration Minister Can’t Be Serious

Sara Hall on the junior minister who's picking a fight...with NGOs and asylum seeker charities.... [read more]

Gordon Brown and "Light Touch" Regulation

Mick Brooks on how Gordon’s policies left the UK unprepared for the present financial crisis.... [read more]

The Plight of the Miami Five

Tomasz Pierscionek on the five Cubans held by the US on charges of epsionage, which thye deny, and the attempts to bring enough national and international pressure to bear to get their convictions re-examined.... [read more]

Safety Initiatives are Criminalising Young People

As a new curfew is scheme is tried out in Cornwall, Matt Genner argues that such policies will only ostracise young people and perpetuate a culture of fear and isolation.... [read more]

Push-Polling (Continued): The Appearance of Ethics, And the Same Old Same Old

Following on from last week's article, Sven Eric Balabanoff continues his look at the role of "Push-polling" in this year's US elections. ... [read more]

Merchants of War: A Letter to the Times Newspaper

Mehrnaz Shahabi's recent letter to the Times newspaper exposes media deception as the sabre-rattling o Iran continues.... [read more]

The BBC vs Hugo Chavez

Stephen Lendman on the biased coverage of events in Venezuela.... [read more]

Conscription Is The Antidote To Militarism And Imperialism

We need to re-think the relationship between society and the military.... [read more]