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Tag: Debt Crisis

German TV Sensationalized Greek Minister’s Flipped Bird, Says Cameraman

German media pounced this week on footage of Greek Finance Minister Yanis Varoufakis raising a middle finger for foreign debt managers during a presentation on his country’s debt crisis. The man who filmed the talk says the clip was taken out of context to divert public attention from the substance of the crisis.

Posted on Mar 18, 2015 WATCH & LISTEN


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Greece’s Economy Looks Like Germany’s After World War I

“Austerity”—the redirection of funds away from government and public services and toward a country’s creditors—“has devastated Greece just about as much as defeat in total war devastated imperial Germany,” economist Paul Krugman writes in The New York Times.

Posted on Feb 16, 2015 READ MORE



Greg Palast: How Obama Could End Argentina’s Debt Crisis

“The ‘vulture’ financier now threatening to devour Argentina can be stopped dead by a simple note to the courts from Barack Obama,” investigative journalist Greg Palast writes Thursday at The Guardian. “But the president, while officially supporting Argentina, has not done this one thing that could save Buenos Aires from default.”

Posted on Aug 8, 2014 READ MORE


The Debt Ceiling Circus: The Show Must Go On

Rather than resolving the debt crisis, lawmakers’ 11th-hour deal to raise the debt ceiling, which threatened to push the global economy over the edge,  simply delayed it. Financial Times chief economics commentator, Martin Wolf, tells Bill Moyers the U.S. debt ceiling is “the legislative equivalent of a nuclear bomb aimed by the U.S. at itself.”

Posted on Oct 19, 2013 WATCH & LISTEN


Debt Counseling Government









Posted on Aug 9, 2013 ENLARGE



Office of the Speaker of the House/Bryant Avondoglio

Perpetual Dysfunction: How Republicans Govern

President Obama is set to begin his second term at a moment when the question is not what great things our nation can achieve but whether our government, in Obama’s words, can “stop lurching from crisis to crisis to crisis.”

Posted on Jan 14, 2013 READ MORE


Handing Over the Baton









Posted on Jan 1, 2013 ENLARGE


Anti-Austerity General Strike Sweeps Europe

Millions of Europeans are protesting spending cuts and tax increases during a continent-wide general strike that comes days after a 53-year-old woman in Spain committed suicide as she was about to be evicted.

Posted on Nov 14, 2012 WATCH & LISTEN



HaPe_Gera (CC BY 2.0)

Merkel Wins Ruling on Injecting German Money Into Eurozone

Germany’s Constitutional Court permitted Chancellor Angela Merkel to use German funds to buoy the economies of eurozone countries that have struggled in the continent’s nagging debt crisis.

Posted on Sep 12, 2012 READ MORE


British Journalist Squares Off Against Former Goldman Partner

A rich banker who appears to have learned none of the lessons of 20th-century economic history. A newscaster who snickers at an impassioned argument. And a reporter dismissed as a young girl who will one day learn better. This exchange between a former Goldman Sachs executive, a BBC correspondent and British journalist Laurie Penny ... (more)

Posted on Nov 23, 2011 WATCH & LISTEN


‘Left, Right & Center’: The European Debt Crisis, Boehner on Jobs and Romney vs. Perry

On this week’s “Left, Right & Center”: setbacks in the effort to solve the European debt crisis, John Boehner’s remarks on Obama’s jobs plan, and where presidential hopefuls Rick Perry and Mitt Romney stand after the latest GOP candidates’ debate. (more)

Posted on Sep 16, 2011 WATCH & LISTEN



Flickr / carolyntiry

The Problem With the Republicans

Mike Lofgren retired this summer after 28 years as a congressional staffer, 16 of which he spent on the Republican side working with the House and Senate budget committees, and he wants to tell you something about the nature of the current Republican Party. (more)

Posted on Sep 5, 2011 READ MORE



Flickr / Center for American Progress

Ignore the Downgrade, Krugman Says

Two seemingly—but not actually—contradictory things must be understood to grasp the meaning of the anger and excitement over Standard & Poor’s downgrade of U.S. government debt, says Paul Krugman. (more)

Posted on Aug 8, 2011 READ MORE


Obama Turns 50









Posted on Aug 3, 2011 ENLARGE



Flickr / asterix611

U.S. Debt Deal FAQ

Still foggy on the basics of this week’s debt and deficit deal? The Guardian has published a no-nonsense guide explaining the meaning and function of the congressional “super committee,” the “trigger,” the “balanced budget amendment” and more, including the deal’s potential future.

Posted on Aug 3, 2011 READ MORE


America’s Debt Problem









Posted on Aug 1, 2011 ENLARGE


Tea Party Troubles









Posted on Jul 31, 2011 ENLARGE


Debt Crisis









Posted on Jul 31, 2011 ENLARGE


Hopelessness









Posted on Jul 25, 2011 ENLARGE



Flickr / doug88888

The Real Cause of America’s Debt Crisis

Over the past century, America’s rich made their millions and billions through the use of public assets shared by everyone. By virtue of those profits, they have not only a moral, but a rational obligation to pay more for the upkeep of public services. (more)

Posted on Jul 25, 2011 READ MORE



Flickr / un_cola

Enlightened but Unemployed

The well-intentioned handwringing over what to do about the slow asphyxiation of the traditional American humanities education continues over at Salon.com, where novelist Kim Brooks laments the failure of liberal arts colleges to prepare students for professionally and financially rewarding careers. (more)

Posted on Jun 19, 2011 READ MORE


Sick









Posted on May 10, 2011 ENLARGE


The Real Monster









Posted on May 9, 2011 ENLARGE



Wikimedia Commons

Hungary Hungry for Economic Stability

A new kind of specter is haunting Europe: debt. Hungary’s new prime minister is reported to have said that there is only a slim chance that his country will evade a Greek-style debt crisis, a comment that sent domestic markets into a tizzy and saw the Hungarian currency drop more than 2 percent.

Posted on Jun 4, 2010 READ MORE


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