Brent Budowsky: In the near term, my hope is that Hollande achieves compromise that restores balance by promoting short-term programs for growth while advancing medium programs for lowering debt.
Ellen Brown: Europe has a strong tradition of publicly-owned banks. If the people must bear the costs, the people should own the banks and reap the benefits.
Bobbi Murray: This weekend at least 10,000 are expected to gather in the heart of L.A. in opposition to the planned Chinatown store on Saturday, June 30 –the march is set for 10 a.m., with the rally to follow at noon.
Sharon Kyle: Technological advances in communications, transportation, automation and the like have changed the mutual dependencies that once existed between the American middle class and the super rich.
Kathleen Peine: As those like my grandfather passed away, an opening was found since all Americans love the shortcut — suddenly a new spritz of respectability was placed on debt.
Ellen Brown: Interest rate swaps are now over 80 percent of the massive derivatives market, and JPMorgan holds about $57.5 trillion of them.
Mark Ruffalo: A Robin Hood Tax would raise revenue from Wall Street while reigning in their worst excesses — helping to rebalance the American economy.
Walter Brasch: Trailer park residents – most elderly, disabled, or living slightly above the poverty line – are evicted. Bloggers mock them siding with the corporate landowner.
Ellen Brown: The marital problems of Greece and the Eurozone stem from an arbitrary set of rules that were entered into and can be changed by agreement.
Charley James: Chairman Bernanke may well be boxed in by the Fed’s much-to-cautious ruling board of bank presidents but there’s no reason why he cannot use his very public platform to jawbone the governors into action.
Ellen Brown: Victoria Grant said that banks create money “out of thin air” and lend it to people and governments at interest. If governments borrowed from their own banks, they could keep the interest and save a lot of money for the taxpayers.
hanks to Republicans in Congress and their friends in state capitols, the chronically unemployed – five million who have been out if work for 26 weeks or more – are losing another strand in the already razor-thin lifeline that has kept them afloat. As The New York Times reported Tuesday when House and Senate Republicans agreed […]
Walter Moss: Schumacher called for a wisdom-centered economics that would emphasize well-being rather than consumption, and meaningful and rewarding employment rather than productivity.