Ellen Brown: Brexit could trigger a $500 trillion derivatives meltdown, by forcing the EU to allow insolvent member governments and banks to write down debt. Italy is in financial crisis and is already petitioning for that concession. How to avoid collapse of the massive derivatives house of cards? Alternatives are considered.
John Peeler: While we in the United States are obsessing about our interminable, increasingly weird presidential campaign, a crisis unfolds in Europe that could have far more impact on the kind of world we will inhabit in coming decades. European Union Falling Apart
Pavel Novák: It is fascinating, as well as disconcerting, that countries such as the Czech Republic and Slovakia, who have gained much from their membership in the EU and have been enjoying continuous growth and prosperity, endanger the integration and basic freedoms of the EU, and themselves.
Ellen Brown: Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”
Carole Bartolotto: I knew the battle over prop 37 would be heated, tough, and ugly. But I was not expecting biotech companies and food manufacturers to stoop as low as they have and spend a million dollars a day doing so.
Shamus Cooke: Working people in the U.S. need to learn to speak Greek, and adopt an increasingly popular slogan that rejects austerity measures: Tax the Rich!
David A. Love: Executions in the U.S. are part of a racially-coded system of retribution. Poor people and members of racial minorities are more likely to receive a death sentence, as are those who are charged with murdering a white victim.
Vijay Prashad: What you have now is sullenness with most of the world defensive and annoyed with the arrogance of the United States and the other members of the Group of Seven (mainly Britain and France).
Iwan Morgan: the current crisis shows that unity in the face of economic and financial crisis is far more difficult for a 17-member club of nations than for a union of 50 states under one government.
Denis Campbell: Now the worry is 3,400 people in the Iraqi desert will also be let down because no matter how hard they try, their voices are constantly lost in a sea of “more important” news.
Steven Hill: Fearful headlines hide success stories such as Poland, which show Europe is taking the right steps to economic recovery.
John Peeler: One of the most striking features of our current global economic morass is that many Third World economies are weathering the crisis rather well, while the supposed leaders of the world economy (the United States, the European Union, the Japanese) are in deep trouble that looks to get deeper.
Steven Hill: So according to Krugmanomics, taking on too much debt is not the problem – it’s not being able to pay the debt that is the problem. And Krugman’s solution, apparently, is to be able to depreciate your currency and/or default on your debts, leaving the creditors holding the bag.