Most Aid to Athens Circles Back to Europe

By LIZ ALDERMAN and JACK EWING PARIS ? Its membership in the euro currency union hanging in the balance, Greece continues to receive billions of euros in emergency assistance from a so-called troika of lenders overseeing its bailout.

The Facebook Illusion

By ROSS DOUTHAT – The New York Times THERE were two grand illusions about the American economy in the first decade of the 21st century. One was the idea that housing prices were no longer tethered to normal economic trends,… Continue Reading

Finance leads, the economy obeys

By THOMAS B. EDSALL – The New York Times Political Dividends Four years after the 2008 collapse, the finance industry has regained its dominant position in American politics. Perhaps the development of deepest significance is an absence: the failure of… Continue Reading

The Fable of the Century

ROBERT B. REICH* Imagine a country in which the very richest people get all the economic gains. They eventually accumulate so much of the nation?s total income and wealth that the middle class no longer has the purchasing power to… Continue Reading

War and cheeseburgers

By Pepe Escobar* – Asia Times A specter haunts Europe. No, it’s not communism; it’s US rating agencies. Greece is bankrupt; the eurozone is about to crack; JP Morgan makes billion-dollar “mistakes”; there’s no (jobs) future for the new generations.… Continue Reading

From Mubarak to Worse

By Adam Morrow and Khaled Moussa al-Omrani CAIRO, May 18, 2012 (IPS) – More than 15 months after Egypt’s Tahrir Square uprising and four months after free parliamentary polls, many Egyptians say that daily living conditions are worse now than… Continue Reading