Deal With Greece Still Looks Wobbly
Negotiations with Greece remain fraught. Only a narrow path has been opened to getting a deal done, and it is far too easy for the parties, for reasons good and bad, to stray from it.
Read more...Category Archives: Doomsday scenarios
Bill Black: A Harvard Don is Enraged that Pope Francis is “Opposed to the World Economic Order”
An economics professor rails against Pope Francis for daring to point out that we don’t live in the best of all possible worlds.
Read more...Greek Government Preparing Plans to Cross Red Lines to Avert Default
Greek government officials are preparing plans that would cross Syriza’s famed red lines in order to avert a default. Will Tsipras capitulate?
Read more...At Emergency Summit, Creditors Plan to Make Greece an Offer It Can’t Refuse
A Eurogroup meeting ended if anything with Greece and its creditors even more alienated from each other.
Read more...What If There is No Deal on Greece?
The alarming part of the deadlock between Greece and its lenders is the lack of a plan on the creditor side to develop a Plan B, a sort of mirror image of the Greek government’s claim that its has bet everything on securing a favorable agreement.
Read more...Are Locavores a Threat to Feeding the Planet Efficiently?
As local food has grown, so have the number of critics who claim that locavores have a dilemma. Are they right?
Read more...Time to “Fire” Mary Jo White: SEC Covers Up for Bank Capital Accounting Scam Promoted by Her Former Firm, Debevoise
Pam Martens and Russ Martens published a mind-boggling expose yesterday on how the SEC is refusing to stop an abuse by major banks that increases systemic risk.
Read more...Bank of Greece Issues Grexit Warning, in Move Certain to Intensify Bank Run
The Bank of Greece submitted a required report on monetary policy to the Greek Parliament and the Cabinet this morning. The English language version of the press release shows that it says, in stark terms, that failure to reach a pact with Greece’s creditors will lead to a Grexit and likely a departure from the European Union.
Read more...Gaius Publius: ISDS Provisions in TPP Violate Article III of the U.S. Constitution
There’s a growing recognition within the legal community that the ISDS provisions of treaties like NAFTA, TPP, many trade agreements already signed and almost all agreements going forward … may well be unconstitutional
Read more...The Operational Issues of a Grexit Part Two: Organizational Capacity, Capital Controls and Bootstrapping a New Monetary System
Economics, law and politics are all crucial to the story of Greece, but in the moment of default or Grexit they take a back seat to something far more important: organizational capacity.
Read more...Greek Talks Collapse, Default Looms
Both sides in the Greece/creditor negotiations have said they have reached the limits of what they are prepared to give.
Read more...Michael Hoexter: The Climate (and Climate Justice!) Movement Cannot Remain a Genteel Environmentalist Movement
Hoexter examines the disconnect between the preferred methods of climate activists versus the magnitude and urgency of the issues they are trying to address. His analysis echoes an important 2012 post by Richard Kline, Progressively Losing.
Read more...Gaius Publius: Nancy Pelosi Got a TPP Talking-To from Her Caucus, Plus Where We Are on Fast Track
TThe vote today on Trade Adjustment Assistance is set to begin in the House at 11:00 AM. If it fails, Fast Track will not come to a vote and TPP will be dead. TAA is in trouble and your calls could make the difference. Call your Representative this morning, and if you can, enlist friends, family, and colleagues.
Read more...Greece: The Negotiation That Never Happened…
Syriza thought that the economy (and the world) would stand still and wait for them to convince everybody else about the righteousness of their views – without ever getting into negotiating on the details. Rightly or wrongly, this didn’t happen.
Read more...Bill Black: Geithner’s Ghost Writer and the Parable of the River of Risk
Bill Black flags a new stunning bit of bank propaganda, that risk is an unavoidable natural condition that is futile for regulators to control.
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