Denis Campbell: The EU got greedy. They needed to humiliate and break Greece. There was even talk yesterday about a ‘temporary Grexit’ from the Union so they can get their affairs in order (read: accept the deal or we will crush you).
Ellen Brown: Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses.
Robert Koehler: As the profiteers impose austerity on the vulnerable, indebtedness becomes a condition to be mocked. Yet we are all indebted. Our lives depend on the good will of others.
Lauren Windsor: As the fifth anniversary of the Dodd Frank financial reform law nears, Wall Street remains defiant at worst and flippant at best to addressing its malfeasance in the 2008 meltdown.
epublicans have lost on Obamacare, gay marriage and immigrant rights, but every night millions of ill-housed Americans can attest to the GOP’s successes at worsening the nation’s affordable housing crisis. Republicans have opposed affordable to housing funding as relentlessly as health care, but with far less publicity and far more success. The GOP’s effort to […]
Lawrence S. Wittner: Despite the many billions of dollars U.S. corporations lavish on advertising and other forms of public relations to give themselves a positive image, Americans are remarkably wary of these giant economic enterprises.
Larry Wines: The outcome of Sunday’s referendum by the people of Greece could create an earthquake. It could be the first time that ordinary people say “Oxi,” and “No,” and “Non,” and “Nyet” to the banksters and the 1%ers.
Ellen Brown: The strategy for real change called for by Pope Francis can be furthered with government-issued money of the sort originated by the American colonists, augmented by a network of publicly-owned banks of the sort established by the Order of St. Francis in the Middle Ages.
few days ago a newspaper column in local market paper carried this headline: “Let’s put away the drama and get back to sports.” The point: media spend too much time covering off-the-field news stories. The writer, for one, vowed he would concentrate on covering the games. The problem with that thinking is that sports aren’t […]
Scott Prosterman: Berkeley rents have risen between 10-30% over the past year. This is a shocking “low-ball” estimate. The past six months have left me researching rental housing options again, and I’m finding more like a 50%+ increase in that time.
Peter Laarman: What begins in the column as praise for Francis ends as a patronizing lecture on the virtuous dynamism of the market system
“Sentence First, Verdict Afterwards” `Let the jury consider their verdict,’ the King said, for about the twentieth time that day. `No, no!’ said the Queen. `Sentence first–verdict afterwards.’ `Stuff and nonsense!’ said Alice loudly. `The idea of having the sentence first!’ `Hold your tongue!’ said the Queen, turning purple. `I won’t!’ said Alice. `Off with […]
View image | gettyimages.com hat exactly does it mean for a big Wall Street bank to plead guilty to a serious crime? Right now, practically nothing. But it will if California’s Santa Cruz County has any say. First, some background. Five giant banks – including Wall Street behemoths JPMorgan Chase and Citicorp – recently pleaded […]