Greek catastrophe and Euro creditor’s rage (Grexit, Part 1/2)
Jul03

Greek catastrophe and Euro creditor’s rage (Grexit, Part 1/2)

Greece is on the edge of economic and social catastrophe which all the kings men may not be able to put together again for decades. Experts and historians will strive for years to apportion blame for the unfolding human tragedy in the cradle of European civilization. It is happening despite Europe’s longest ever era of peace, prosperity and broad-based social uplift. All financial spigots for Greece have been firmly turned off. The...

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Grexit and the stakes for Europe (Grexit, Part 2/2)
Jul03

Grexit and the stakes for Europe (Grexit, Part 2/2)

A Grexit would strike at the heart of public perceptions about Europe’s most inspiring project to finally end wars and build peace through voluntary cooperation among peoples long divided by blood-soaked mistrust. That project was the 28-nation European Union bolstered later by a 19-member Euro currency zone. It is a monument to the political will of peoples to erase enmities that caused the death of at least 70 million in Europe’s...

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Greece: with referendum looming ‘Yes’ vote ahead, opinion poll suggests
Jul03

Greece: with referendum looming ‘Yes’ vote ahead, opinion poll suggests

Just days before Sunday’s (July 5) referendum in Greece, a new opinion poll suggest the ‘Yes’ camp has pulled 1.4 percent ahead in what has been a close-run race. A previous poll put the ‘No’ vote in the lead. In a referendum which could determine the country’s future in Europe, Greeks will be asked to...

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Greece In Arrears
Jul01

Greece In Arrears

The International Monetary Fund confirmed Tuesday that Greece missed its scheduled $1.5 billion debt repayment, becoming the first advanced economy to default in the IMF’s seven-decade history. In a statement, the IMF also confirmed that it had received a further bailout request from the Greeks, “which will go to the Executive Board in due course.”...

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Greece in shock as banks closed after snap referendum call
Jun29

Greece in shock as banks closed after snap referendum call

By Karolina Tagaris and Michele Kambas ATHENS (Reuters) – Stunned Greeks faced shuttered banks, long supermarkets lines and overwhelming uncertainty on Monday as a breakdown in talks between Athens and its international creditors plunged the country deep into crisis. With Greece’s bailout expiring on June 30 and an IMF payment falling due at the same time, Prime Minister Alexis Tsipras pleaded by phone with European...

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The Trouble With Fiat Currency
Jun25

The Trouble With Fiat Currency

“I’ll gladly pay you Tuesday for a hamburger today” ~ J. Wellington Wimpy The problem with fiat currency is it has no intrinsic value.  We have a world economy based of fiat currency and it’s catching up with us.  James Howard Kunstler explains that the catch up is being played out in Europe now but the rest of the world will not be far behind. Nobody knows what will happen next in the struggle to wring some...

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True Blue Americans See Red Over Displays Of Rebel Flag
Jun22

True Blue Americans See Red Over Displays Of Rebel Flag

Support For The Stars And Bars Flagging, Except in: Georgia, Mississippi, Arkansas, Florida, Alabama The View From The U.S. Virgin Islands By JOHN McCARTHY TMV Columnist One of the things to come out of the debate over what is wrong with South Carolina after nine African-American citizens were massacred Wednesday in an historically black church is the symbolism of the Confederate flag flying in public places in the American South. It...

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Here’s Why Repealing Obamacare Would be a Financial Disaster
Jun21

Here’s Why Repealing Obamacare Would be a Financial Disaster

This past Friday, the Congressional Budget Office (CBO) and the Joint Committee on Taxation reviewed the main provisions of President Barack Obama’s healthcare plan, formally known as the Patient Proection and Affordable Care Act (ACA). The CBO found repealing the ACA would increase the federal deficit by at least $137 billion, while leaving 19 millions of… graphic via...

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Sanders Surge Surprises Clinton In South Carolina
Jun18

Sanders Surge Surprises Clinton In South Carolina

While it is encouraging to see Bernie Sanders do better than expected in his neighbor state of New Hampshire, for his campaign to have any real chance he will have to also obtain support in other states. Backing from organized labor could help Sanders compete with Clinton nation-wide. Today Politico reports Bernie Sanders surge forms backdrop for Hillary Clinton S.C. visit This humid Southern city just a few miles from the Atlantic...

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Sanders Doing Well In Second New Hampshire Poll; Sanders & O’Malley Criticize Clinton on Trade
Jun17

Sanders Doing Well In Second New Hampshire Poll; Sanders & O’Malley Criticize Clinton on Trade

A second poll out of New Hampshire shows Bernie Sanders gaining on Hillary Clinton. Previously I reported on a poll from Morning Consult which showed 44 percent choosing Clinton and 32 percent supporting Sanders. A new Suffolk University poll shows Clinton at 41 percent and Sanders at 31 percent. Sanders has also been receiving larger than expected crowds to hear him speak. Several pundits have compared Bernie Sanders to Eugene...

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Republican Exploding Heads
Jun15

Republican Exploding Heads

Pope Francis to deliver explosive Encyclical on climate change, poverty Republican and Roman Catholic Rick Santorum  has already made it clear that he thinks Pope Francis should leave science to scientists.  Of  course there is one small problem with this view because the Pope has a masters degree in chemistry. From The New York Times: Jim Yardley, New York Times …On Thursday, Francis will release his first major teaching...

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Bernie Sanders Contrasts His Views With Those Of Hillary Clinton
Jun11

Bernie Sanders Contrasts His Views With Those Of Hillary Clinton

“I voted against the war in Iraq. I had the same information as Hillary Clinton did, but I understood the enormous destabilization that would take place.” –Bernie Sanders Bernie Sanders was interviewed by Diane Rehm on Wednesday. The full audio and transcript is available here. Early in the interview Rehm asked Sanders how he differs from Hillary Clinton. Here is his response: REHM And where do you think you differ...

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Economic Reset
May20

Economic Reset

Libertarian econonmist Tyler Cowen comes to the right conclusion but mostly for the wrong reasons.  The economics of the world is changing – a reset – and things will never again be like they were.  He totally ignores what may be the most most important factor, automation and industrial robots. In manufacturing, for example, Ford, Chrysler, General Motors, Caterpillar and Navistar (formerly International Harvester) all pay...

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Experience Counts
May05

Experience Counts

In politics, as in every other field, experience counts, and in fact may be the most important quality a candidate for an important post possesses. This is even more true for the presidency than any other position. Certainly, there are some things one can learn on the job, but a certain level of sophistication and experience are necessary in a president for his or her administration to be successful. Wisdom only comes with age, and a...

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Regulating Multi-national Corporations
Apr28

Regulating Multi-national Corporations

The word multi-national makes regulation of corporations and financial institutions along with equitable taxation extremely difficult. Though most of a corporation’s business may be in a particular country or countries and most of its manufacturing or investments may take place in another nation, the company may locate its headquarters and primary habitat in a completely different nation that has nothing to do with these or with its...

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PoltiFact: Bill Maher Right About The Estate Tax
Apr25

PoltiFact: Bill Maher Right About The Estate Tax

“More astronauts have been to the moon than farmers who paid the inheritance tax in 2013.” –Bill Maher Conservatives often try to make it appear that tax their tax and economic plans are for the good of others when in reality they are supporting the ultra-wealthy. Their arguments against what they call “the death tax” is a good example of this as they claim it is to help farmers. Bill Maher pointed out...

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When are we conservative and when are we liberal?
Apr20

When are we conservative and when are we liberal?

When are we conservative and when are we liberal? Easy! Or pretty easy… We are culturally pretty liberal (albeit with some mama’s boys on the sidelines reserving their right to tell everyone else how to live). We are economically pretty conservative (with the mama’s boys active in the movement “MoreForMe,LessForYou” that works both sides of the issue. And “Less for you” turns out to be as...

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The GOP push for a permanent aristocracy
Apr16

The GOP push for a permanent aristocracy

The GOP push for a permanent aristocracy By Dana Millbank Washington Post Writers Group WASHINGTON — Give credit to Republicans in Congress. They’ve discovered, belatedly, that income inequality is a problem, and they’re no longer proposing to give tax breaks to the wealthiest 2 percent of Americans. Now they are proposing to give tax breaks to the wealthiest two-tenths of 1 percent of Americans. On Tuesday...

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What We Talk About When We Talk About Taxes
Apr15

What We Talk About When We Talk About Taxes

We have a real communication problem in America, and it goes far beyond hysterical, dishonest news outlets and the general ignorance of the American people. No; this communication breakdown goes to the heart of the federal government—and aristocrats’ pocketbooks. The Left and the Right frequently spar over taxes in this country: how to implement them, how much to demand, what a “fair share” looks like, and whether corporations should...

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Isn’t It Time?
Apr15

Isn’t It Time?

Republican candidates for president in 2016 are coming out of the woodwork and Hillary’s announcement that she is running makes it unlikely that any additional Democrats will pop up as candidates in the near future. From the look of things, America is going to be stuck with either an ultra-conservative approved by the Republican base, or Hillary. Isn’t it time for the nation to be given additional choices. Aren’t there other people...

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