Director | August 4, 2009
World Politics Review reports on political changes and economic difficulties in Croatia, Macedonia, and Serbia. The model is, first the private sector unemployment increases, then declining revenues force governments to cut their spending, then bureaucrats get laid off. The governments issue more bonds, which puts them in more debt and gives them even less money […]
Director | July 30, 2009
The Wall Street Journal reports that Detroit’s school system may file for bankruptcy in the coming weeks. Of course, by any measure of good education, the public school system has been “bankrupt” for decades now. Putting liberals in charge of anything is a huge mistake because they are so corrupt. The Democratic Party is simply […]
Director | July 18, 2009
As we reported in our post “Putting Humpty Dumpty together,” President Obama’s role in the April G20 meetings was limited to arguing for the preservation of tax havens for the elite U.S.-based corporate criminals. “Obama’s single contribution to the G20 summit was to negotiate with Chinese Premier Hu Jintao that some offshore tax havens will […]
Director | July 5, 2009
The American Academy of Environmental Medicine has called for a moratorium on genetically modified food due to potential health dangers. William Engdahl reports at Financial Sense. This reports targets Monsanto Corporation and President George H.W. Bush as irresponsible parties promoting genetically modified foods without testing.
Director | June 29, 2009
Now that the IMF has emerged as the center of global lending and financial regulation, it’s time to take a global tour and assess recent changes. Let’s begin our tour of the global economy with a reminder of the corruption involved in the TARP bailouts. Andy Kroll at The Nation summarizes what the bailouts accomplished, […]
Director | June 27, 2009
Spiegel reports that the International Monetary Fund will undertake a systematic examination of the U.S. financial system, including the U.S. Federal Reserve Bank. Spiegel also reports on differences among U.S. Fed officials, many of whom oppose Ben Bernanke’s policies.
Director | June 18, 2009
Martin Wolf’s report at the Financial Times is getting a lot of internet buzz. Wolf draws from the research of Barry Eichengreen and Kevin O’Rourke to plot the similarities between today’s global crisis and the Great Depression. Wolf concludes that recovery is years away. Contrast this with the near-term recovery being touted on TV financial […]
