Striking Amazon
Poor Amazon. It’s unhappy that it can’t do what it wants with its workers in Europe. There are a couple of nuggets in this Wall Street Journal story: Over the past month, hundreds of workers at two of...
View ArticleBankers Lament Across The Ocean
Oh, pity those poor bankers in Europe. Capping their bonuses? What’s next? Having to be honest? In truth, this isn’t a bad step forward: The European Union took a big step Thursday toward putting...
View ArticleShuddering
A few of us have never bought the idea that the world economy has recovered from the financial crisis—mainly because people were struggling to make ends meet before the crisis. Add to that a...
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Austerity Hurts The Mind and The Body
Austerity is a bad thing. As I’ve pointed out before, when an economy is suffering from lower demand, the last thing you want to do is squeeze the pocketbooks of the very people who you want to have...
View ArticleThe “American Disease” Takes Its Toll In Europe
Here is what austerity and the spread of the "American disease" does for people: Europe’s long-running euro crisis may be cooling. But the economic distress it has left in its wake is pushing a...
View ArticleAusterity, The New York Times-Style
Really. When I read The New York Times editorials about the economy, or the truly shallow reporting from most of the paper’s reporters, often I think: the people at The New York Times actually are...
View ArticleWall Street, We Can Hold YOU Hostage
In some ways, the worst phenomena in political and public life is the way in which we–the people–give over power to the financial and corporate elite partly because we internalize marketing phrases...
View ArticleKrugman to Catfood Commission: Austerity Is A Failure
Paul Krugman wasn’t actually writing directly to the Catfood Commission II (speaking for myself, I decline to use a superlative being used by many to describe the Congressional fool’s gathering...
View ArticleBREAKING Greeks General Strike Against Austerity. We Need The Same
Greeks have taken a big part of the brunt in Europe because of the preying on its country by banks and international institutions. Essentially, the failed strategy has been all about AUSTERITY:...
View ArticleCapitalist Voices Say: Print Money–Or Be Afraid…VERY AFRAID
You can smell the fear and the alarms going off–not by reading The Nation (snore…kick me when it has something new to say) or The New York Times, whose "economic" reporters, with one or two...
View ArticleThe U.S.-Europe Comparison
One of the things I find most tiring–and there are, granted, many candidates for that list–is the refrain that "well, things may be bad in the U.S. but look how much worse it is in Europe?" I get...
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The Week in Headlines
President’s Mother-In-Law Says Stimulus Package Isn’t Good Enough; Wishes President Were More Of A Provider Kathleen Sebelius Adopts Late-Term...
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The World Is Slowing Down
Other people are feeling the pain, so says The Wall Street Journal: The global economy — which had long remained resilient despite U.S. weakness — is now slowing significantly, with Europe offering...
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