Tuesday, July 7, 2015
Greek journalist Michael Nevradakis and US investigative journalist Greg Palast have a different take on the Greek ‘No’ vote against Europe’s cruel austerity demands.
Obama in Retreat Thanks to Elizabeth Warren-Led Opposition to Plan to Appoint Another Corporate Stooge as SEC Commissioner
Elizabeth Warren has stymied the nomination of yet another corporate stooge to an important regulatory post, that of SEC commissioner, at least if the howling from Wall Street is any guide.
The military has a keen interest in reducing its dependence on conventional fuel sources for transportation and the spending heft to speed development.
Today’s Water Cooler: Sanders, the Donald, stats show lack of acceleration, China stock market, health care, Greeks apologize with huge horse
De-Industrialisation, ‘New Speenhamland’ and Neo-Liberalism: Government Subsidies to Low Wage Employers
Efforts to reform social welfare programs in England operated on the assumption that lack of consistent work (as in periods of unemployment) and overly large families were the big drivers of poverty. But the majority of poor now are working poor, and as in the Speenhamland days, social welfare programs are helping to subsidize below-living-wage pay levels.Similar factors are in play for US employers like Wal-Mart and McDonalds.
Posted by Yves Smith at 6:58 am |
If the ECB does not give Greek banks more funds under the ELA today, the Greek economy is going to start to suffer lasting damage.
Obama and Treasury Secretary Jack Lew have been far more quiet than you’d expect given their attentiveness to the needs of the investing classes and the threat that protracted wrangling with Greece might pose to that. Of course, they might believe that Draghi’s bazooka is more effective than Hank Paulson’s proved to be in the runup to the final phase of the financial crisis. But John Helmer indicates below that the Greek referendum has intensified the Administration’s interest in regime change in Greece. Also note that the anti-Greek government interests have connections to Hillary Clinton.
We’ve been giving some attention to the Bernie Sanders campaign because it is serving the important function of moving what the media regards as acceptable political discourse to the left. And as a sign that Sanders is moving up in the world, the Grey Lady has published an oh-so-carefully dismissive profile
Why the Greek government and Greek citizens recognize that a Grexit is a terrible idea for them.
A detailed explainer on how card systems work and what the impact of a drachma re-introduction would be for them.
Describes the many ways that the Trade in Services Agreement would make it virtually impossible to implement and strengthen financial regulations.