Tentative Deal Strips Greece of Sovereignty, Makes Debt Relief Dependent on Compliance
The tentative deal deal with Greece and its creditors is simply vicious.
Read more...Category Archives: Banana republic
“Greece Brought a Latte to a Gunfight”
How Greece, and in particular, Yanis Varoufakis, grossly misunderstood German interests and how that led Greece to destroy itself and further German rule.
Read more...Bill Black: LIBOR – History’s Largest Financial Crime that the WSJ and NYT Would Like You to Forget
Reporting on the Libor criminal trial in the UK ranges from lame to non-existent.
Read more...The Greek Last-Chance Proposal: Stepping Backwards to Move Forward?
An analysis of the proposal approved by the Greek parliament yesterday by 251 votes out of 300.
Read more...“Tsipras Has Just Destroyed Greece”
Tsipras has managed to deliver to the neoliberals a victory more complete than they could ever have engineered on their own.
Read more...Ambrose Evans-Pritchard: Tsipras Never Wanted to Win Referendum, is “Trapped” and “Depressed,” Syriza in “Turmoil” (Updated)
Ambrose Evans-Pritchard has a bombshell report: Syriza never wanted to win the referendum and is now desperately contending with events that are spinning out of his control.
Read more...How Recessions Crush Certain Geographic Areas: Puerto Rico as a Case Study.
How US policy neglect helped created Puerto Rico’s lousy economy.
Read more...GREECE’D: We Voted ‘No’ to Slavery, but ‘Yes’ to Our Chains
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.
Read more...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.
Read more...Nuland’s Nemesis: Will Greece Be Destroyed to Save Her From Russia, Like Ukraine?
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.
Read more...The Times’ Condescending Attitude Toward Bernie Sanders
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
Read more...Don Quijones: Wikileaks Exposes How TISA Will Gut Financial Regulations All Over the World
Describes the many ways that the Trade in Services Agreement would make it virtually impossible to implement and strengthen financial regulations.
Read more...Proof that Fraud is the Biggest Business in America
Fraud is an even bigger force in the US economy than you imagined.
Read more...Elizabeth Warren Reams Private Accreditor Who Certified Corinthian College Up to Its End
Elizabeth Warren confronts a more-pathological-than-usual industry shill in the form of a college accreditor. He denies that there was ever a problem with Corinthian or his organization’s processes.
Read more...The Washington Consensus and Long-Term Austerity in Latin America
Most Latin American countries—including those, like Chile and Brazil, where democratically elected leftist governments were overthrown in the 1960s and 1970s. reversed course to adopt “neoliberal” economic policies. How well did that work?
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