Michael Klare: Delusional Thinking in Washington, The Desperate Plight of a Declining Superpower
How US superpower overreach has hit the breaking point, yet the officialdom acts as if somehow doing more will succeed.
Read more...Category Archives: Doomsday scenarios
Dick Fuld Continues to Exhibit Advanced Case of Wall Street CEO Derangement Syndrome
It appears that having the financial crisis analogue to the captain of the Titanic carry on in the stereotypical super-entitled Wall Street CEO manner was too much for the tender sensibilities of CNBC.
Read more...Perry Mehrling: Derivatives Remain a Blind Spot in the TBTF Debate
Current proposals to deal with the too big to fail problem fall way short as far as disarming derivatives risk is concerned.
Read more...Michael Hudson: Ukraine’s “Operation Vulture” and Labor Protests
Hudson’s so-called “Operation Vulture,” the strip-mining of what little is left of a functioning economy in Ukraine, comes straight out of the neoliberal playbook.
Read more...SEC Vindicates Deutsche Bank Derivatives Whistleblowers Eric Ben-Artzi and Matthew Simpson
Three SEC whistleblowers have been proven right in charging Deutsche Bank with misreporting its biggest derivatives risk,. the bank, predictably, looks to have gotten off easy.
Read more...A Parallel Currency for Greece: Part II
Yves here. I’m quite interested in reader reactions to this scheme. My big reservation is that the amount of the scrip devised by the authors, the TCC, has to be limited to the an amount of discount of future tax payments that is deemed to be credible. Given that Bill Mitchell has estimated that Greece […]
Read more...A Parallel Currency for Greece: Part I
A review of the pros and cons of various parallel currency options for Greece.
Read more...Gaius Publius: The Constant Cost of Carbon — Another California Oil Spill
The climate/political nexus behind the latest California oil spill.
Read more...The Not-Brexit Negotiations as UK Referendum Looms
While virtually no one expects a Brexit, history suggests would be naive to expect the upcoming negotiations between the UK and EU to be a cakewalk.
Read more...Gaius Publius: If Fast Track Passes, Anything Attached to a “Trade” Treaty Will Pass
How the Administration’s Fast Track authority would transfer more power to the President by limiting Congressional authority on “trade” bills.
Read more...Greece Cornered as IMF and ECB Refuse to Relent
A flurry of stories this weekend confirms that Greece and its creditors remain hopelessly at odds. The inertial path is to a Greek default
Read more...“Why Syriza Will Blink”
Anatole Kaletsky has a cognent, forcefully argued new article at the Project Syndicate website, Why Syriza Will Blink, which independently comes to the conclusion we’ve reached, that the winning strategy for the creditors is to keep Greece in the sweatbox and use worsening economic and social conditions in Greece to crush domestic support for Syriza. Kaletsky goes further than we have, arguing that this is the course the Troika is taking, and the new coalition should have anticipated this as a likely strategy, since it’s the same one they used successfully against Cyprus two years ago.
Read more...William J. Astore: The American Military Uncontained, Chaos Spread, Casualties Inflicted, Missions Unaccomplished
An important, sobering description of how US military overreach became institutionalized.
Read more...Is the Push for Greater European Integration a Mistake?
The assumption among policy elites that more European integration will heal the union’s ills may be misguided.
Read more...Greece Authorizes €750 Million Payment to IMF Despite Failing to Get Concession Sought [Updated]
Today, Greece blinked. But one unconfirmed report suggests the government got some eyewash.
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