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GOD SAVE HRC, FROM REALITY — Jeffrey St. Clair on Hillary Clinton’s miraculous rags-to-riches method of financial success; LA CONFIDENTIAL: Lee Ballinger on race, violence and inequality in Los Angeles; PAPER DRAGON: Peter Lee on China’s military; THE BATTLE OVER PAT TILLMAN: David Hoelscher provides a 10 year retrospective on the changing legacy of Pat Tillman; MY BROTHER AND THE SPACE PROGRAM: Paul Krassner on the FBI and rocket science. PLUS: Mike Whitney on how the Central Bank feeds state capitalism; JoAnn Wypijewski on what’s crazier than Bowe Bergdahl?; Kristin Kolb on guns and the American psyche; Chris Floyd on the Terror War’s disastrous course.
Archives by Tag 'Greece'
Greece in Chaos
NOËLLE BURGI
“Who knows what tomorrow will bring?” people ask in Athens, Salonika and right across Greece. There’s a sense of collective imprisonment, individual uncertainty and impending catastrophe. Yet Greece has had a turbulent history, and the Greeks have always...
Rule By Troika
SERGE HALIMI
Former bankers Lucas Papademos and Mario Monti have taken over in Athens and Rome, exploiting the threat of bankruptcy and the fear of chaos. They are not apolitical technicians but men of the right, members of the Trilateral Commission that blamed western societies for b...
One Bank to Rule Them All
MIKE WHITNEY
On Wednesday, the Federal Reserve and the central banks of Canada, England, Japan, Switzerland, and Europe launched a coordinated monetary intervention aimed at easing interbank lending in the eurozone. While the emergency action sent stocks into the stratosphere, it did ...
Just Another Goldman Sachs Take Over
PAUL CRAIG ROBERTS
On November 25, two days after a failed German government bond auction in which Germany was unable to sell 35 per cent of its offerings of 10-year bonds, the German finance minister, Wolfgang Schaeuble said that Germany might retreat from its demands that the private bank...
Germany’s “Failed” Bond Auction
MIKE WHITNEY
“We are caught, it seems, in one of those self-reinforcing loops that almost always presage a collapse.” – Michael Pettis, China Financial Markets Germany’s “failed” bund auction on Wednesday was a...
The Roads To War And Economic Collapse
PAUL CRAIG ROBERTS
November 23, 2011: The day before the Thanksgiving holiday brought three extraordinary news items.  One was the report on the Republican presidential campaign debate. One was the Russian President’s statement about his country’s response to Washington’s mi...
Meet the Global Ruling Class
STEVEN COLATRELLA
Padua, Italy. Making economics and politics appear separate is one of the chief characteristics of capitalism as a system of class rule, as Ellen Mieksins Wood has pointed out in many of her writings. But it is how politics is manifested AS economics and e...
Credit Storm Batters Europe
MIKE WHITNEY
Credit conditions in the eurozone continue to deteriorate while yields on French, Spanish, Belgian and Italian bonds move higher. Italy’s 10-year yield increased 19 basis points to 6.89 percent on Tuesday, just a stone’s throw from the “unsustainable” ...
Big Finance Moves In
MIKE WHITNEY
Greek Prime Minister Georgios Papandreou and Italian Prime Minister Silvio Berlusconi have both been forced from office and replaced by representatives of big finance. Mario Monti, who will replace Berlusconi, was formerly the European Chairman of the Trilateral Commissio...
Ireland and Greece: Blackjacked by the Banks
PATRICK COCKBURN
An American took his phlegmatic English friend to see the Niagara Falls. “Isn’t that amazing?” said the enthusiastic American. “Look at that vast mass of water dashing over that enormous cliff!” “But what,” replied the unimpressed Englishman, a...
Where Did the Left Go?
SERGE HALIMI
The Occupy Wall Street protests in the US are also directed against the Street’s representatives in the Democratic Party and the White House. The protesters probably don’t know that Socialists in France still consider Barack Obama exemplary. Is there a misunderstandin...
Europe’s Crash Landing
MIKE WHITNEY
“Italy is now mathematically beyond the point of no return.” –Barclays Capital  The situation in Europe gets more depressing by the day. Policymakers have waited too long and now events are beyond their co...
This Stupid Democracy Thing
PETER LEE
It’s finally become clear to everyone the key problem in the current Eurozone crisis is just too much democracy. Pesky voters opposed to austerity measures get in the way of efforts to cut government expenditures in order to reduce deficits and make repayment of ...
Economic Mismanagement in Europe
MARK WEISBROT
Some of us have been warning for months about the cri...
Bankers Crush Greek Democracy
DEAN BAKER
Greek Prime Minister George Papandreou touched off a firestorm last week when he proposed putting the austerity package designed by the “troika” (the I.M.F, the European Central Bank and the European Union) up for a popular vote. The idea that the Greek people might d...
How Capitalism Flopped
DEEPAK TRIPATHI
In the struggle against global laissez faire capitalism that has brought the current economic collapse, protesters won an important victory last week in Britain, while stalemate continued in Greece. The alliance between the church, the main financial district called the C...
The Iron Heel and the Resistance
ALEXANDER COCKBURN
Three years of President Obama, as of today. Count and weep. Just over a year from now Americans will be deciding whether to reelect Barack Obama or… probably Mitt Romney. In the latter case this is to assume that that Mitt, a Mormon and family man – both danger flare...
On Western Democracy
PAUL CRAIG ROBERTS
Every day that passes adds to the fraudulent image of what is called Western democracy. Consider that the entire Western world is outraged that the Greek prime minister announced that he is going to permit the Greek people to decide their own fate instead of having...
Is Super Mario Printing Already?
MIKE WHITNEY
“Italy’s borrowing costs have spiked higher towards levels that forced Greece, Ireland and Portugal to be bailed out. The yield on Italy’s ten-year bond is up another 0.32 percentage point at 6.43 percent, a new euro-era high. A yield above 7...
Occupy the European Central Bank
DEAN BAKER
In the last month, people from around the country and around the world have picked up on the Occupy Wall Street theme of retaking the country from the wealthy. Insofar as this sentiment gathers force in Europe, there is probably no place better for people to plant themsel...
Victory for Democracy in Greece!
DANIEL KOVALIK
The title of this piece should have been the title of the news stories today about the surprise announcement by the Greek Prime Minister that, instead of forcing but another round of draconian austerity measures upon the Greek people, the Greek government will instead be ...
The Never-Ending Eurofiasco
MIKE WHITNEY
Imagine if the local fire chief, in the spirit of conservation, decided he’d use no more than 1,000 gallons of water to put out any given house fire. Do you think the citizens would support that policy if their town was burned to the ground? And, yet, this is the sa...
The Myth of Greek Profligacy
MARSHALL AUERBACK
Historically, Greeks are very good at constructing myths.  The rest of the world?  Not so much.  Reading the press, one gets the impression of a bunch of lazy Mediterranean scroungers, enjoying one of the highest standards of living in Europe while making the frugal Ge...
The Secret Republican
ANDREW LEVINE
“Conspiracy theories” have a bad press.  But sometimes conspiracies are real and sometimes conspiracy theories do account for what they purport to explain.  Whether they do or not is an empirical question.  Because real world politics is propelled by multiple, hete...
Greece on the Brink
BRANDON JOURDAN
Athens. In Athens, Greece, there are all the elements of a low-intensity conflict zone. Greece has become ground zero of the Eurozone’s fiscal crisis. The latest strikes are seen by many to be historic in a country with a rich tradition of protests. ...