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Category Archive for '#OccupyWallStreet'

Remember, the U.S. really wants this negotiated, because China and Russia are waiting with bailout funds if Greece leaves the EU — and they really don’t want that. So the battle continues. Ian Welsh: So: the ECB has both decided not to extend any more money to Greek banks AND appears to have increased the […]

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As always, I urge you to read the whole thing. Author of “Confessions of An Economic Hit Man” John Perkins: Michael Nevradakis: In your book, you write about how you were, for many years, a so-called “economic hit man.” Who are these economic hit men, and what do they do? John Perkins: Essentially, my job was […]

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What did the EU members think, that Greeks would take their undeserved punishment until Angela Merkel and friends got bored? So now they’re in a panic. Good! The euro and stock prices fell sharply in Asia on Monday after the Greeks had overwhelmingly rejected austerity measures demanded in return for bailout money, putting in doubt […]

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You have to read the entire piece that ran in the Irish Times: It surely doesn’t mean that Europe is proud that little Ireland was forced to bear the cost of a bank bailout put last week by Patrick Honohan, governor of the Central Bank, at €100 billion and rising. At the level of reality, […]

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Joe Stiglitz: We should be clear: almost none of the huge amount of money loaned to Greece has actually gone there. It has gone to pay out private-sector creditors – including German and French banks. Greece has gotten but a pittance, but it has paid a high price to preserve these countries’ banking systems. The […]

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The pilot of Mr. Robot is the most interesting TV show I’ve seen all year. (Watch it free at USA’s site here) It has the potential to become as enlightening (and predictive) about how our current computer-connected corporate power elite function as Person of Interest did when dealing with the ramification of widespread surveillance and […]

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Well, it sure looks like nothing’s going to move on this, but it ain’t dead yet. WASHINGTON — House Speaker John Boehner (R-Ohio) has no plans to negotiate with House Democratic Leader Nancy Pelosi (D-Calif.) after her caucus torpedoed a trade deal backed by President Barack Obama and Boehner, a GOP leadership aide told The […]

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David Dayen at Salon: Here are the options now in the House: Pass TAA on a re-vote. Speaker John Boehner set this up for a vote next week, where they will try to persuade more Democrats and Republicans. Republican support topped out at 93 (votes started moving away from TAA once it was clear it […]

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For now. They’re going to try to resurrect it for another vote next week, but the outcome is unlikely to change. More details as I get them. Bobbleheads are calling it a “stinging defeat” for Obama. Bookmark It

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It’s very important that you call today. Don’t put it off! As the Obama administration praises the benefits of the Trans-Pacific Partnership (TPP), backlash continues to grow against the deal. WikiLeaks has just published another section of the secret text — this one about public healthcare and the pharmaceutical industry. Newly revealed details of the […]

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