Economist and New York University professor Nouriel Roubini explains that globalization, reckless lending and borrowing, and the redirection of income and wealth from industries dependent upon human labor and well-being to those composed mainly of capital ... (more)
Governments on both sides of the Atlantic are making the same blind, stupid, ideological error: trying to rescue faltering economies with spending cuts. It doesn’t work, as John Maynard Keynes explained decades ago. (more)
Peter Galbraith, the former U.N. envoy who claims he was fired for trying to confront the election fraud in Afghanistan, says of Hamid Karzai: “In fact, some of the palace insiders say that he has a certain fondness for some of Afghanistan’s most profitable exports.” (video after the jump)
The semiautonomous northern region of Iraq is an island of relative stability in an ocean of turmoil. If America does not support Kurdistan’s independence, we may well lose our best shot of having a desperately needed secular ally in the region. New America Foundation fellow Parag Khanna, just back from the area, reports.
More inspiring news about our leader from Raw Story: “Former Ambassador to Croatia Peter Galbraith is claiming President George W. Bush was unaware that there were two major sects of Islam just two months before the President ordered troops to invade Iraq.”
Can’t say we didn’t see this coming. Remember Bush’s infamous “World Leaders Pop Quiz”? (video)