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By Idith Zertal and Akiva Eldar
$ 19.77
Boots on the Ground by Dusk: My Tribute to Pat Tillman
By Mary Tillman with Narda Zacchino
Hardcover $17.13
$22
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Wikimedia Commons / Office of Management and Budget
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So, the former head honcho of Obama’s Office of Management and Budget, Peter Orszag, is now sitting in a very plush position over at Citigroup, from where he gave his latest economic prognostications in Thursday’s Financial Times ...
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AP
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Pro-migrant marchers were attacked by far-right stone throwers in Athens as they protested plans to build an eight-mile-long fence on Greece’s border with Turkey aimed at keeping out illegal immigrants.
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AP / Angelo Carconi
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Package bombs detonated at two embassies in Rome on Thursday, injuring one person at each post, in attacks similar to a spate of attempted bombings in Greece last month. A Swiss Embassy employee suffered injuries to both hands ...
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By William Pfaff — The European Union’s leaders, Germany and France, decided Oct. 30 to try to change the EU’s Lisbon Treaty. This is a highly charged and divisive move.
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Wikimedia Commons / (Aleph) (CC-BY-SA)
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On Tuesday, another parcel bomb aimed at a high-level European leader—this time German Chancellor Angela Merkel—was intercepted as it made its way to Germany from Greece. Greece was the point of origin where other pieces of explosive mail were discovered recently before or after detonation.
Posted on Nov 2, 2010
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Flickr / World Economic Forum (CC-BY-SA)
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Two men in their early 20s have been arrested in Greece in connection with four mail bombs addressed to French President Nicolas Sarkozy and the Mexican, Belgian and Dutch embassies in Athens.
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bbc.co.uk
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On Wednesday, tens of thousands of people in Spain, Italy, Greece and other European nations registered their disapproval of their governments’ moves to make them bear the brunt of the financial shenanigans that sent the global economy into a downward spiral two years ago.
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Flickr / World Economic Forum
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Possibly taking a cue about resistance from the beloved Iraqi journalist who chucked his shoes at George W. Bush back in 2008, a 49-year-old doctor has thrown a piece of his own footwear at Greek Prime Minister George Papandreou in protest of the government’s economic austerity measures.
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AP / Mark Lennihan
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By Steven Hill — Why have economists been so wrong so often? Certainly theirs is a tough job, since the global economy is a complex creature. Yet it turns out that their measuring sticks are woefully inadequate. Indeed, they aren’t even sure what to measure.
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Illustration based on an image by Bearas (CC-BY-SA)
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By William Pfaff — The excellent second quarter export and growth results reported by Germany have set that country at an increasing, and increasingly dangerous, distance from the other members of the European Union.
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By David Sirota — Though the Reagan zeitgeist created the illusion that taxes stunt economic growth, the numbers prove that higher marginal tax rates generate more resources for the job-creating, public investments that sustain an economy and create incentives for businesses to grow.
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Flickr / World Economic Forum
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In a metaphorical walk around the debt crisis block, Greece’s prime minister has said he believes his country is “turning the corner” as economic recovery efforts by the ransacked country may have started to pay off.
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Wikimedia Commons
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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
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This week’s “Left, Right & Center” features a cameo appearance from David Frum, who fills in for the show’s Mr. Right, Tony Blankley, to take on the week’s big topics: the BP oil spill, Joe Sestak, Spain and the global economy.
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AP / Petros Giannakouris
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By Chris Hedges — Here’s to the Greeks. They know what to do when corporations pillage and loot their country. Call a general strike. Riot. Shut down the city centers. Toss the bastards out.
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Flickr / Council of Europe
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The German Parliament has approved a series of measures allowing the country to provide up to $184 billion in loan guarantees in a package aimed at stabilizing the euro and helping support those European nations that are mired in debt.
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Petar Pismestrovic, Kleine Zeitung, Austria —
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By William Pfaff — Self-admittedly profligate Greece did not invent the world crisis, nor did Portugal, Spain or Italy. The guilt lies with the United States.
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Fake news by Andy Borowitz —
Finance ministers from 16 EU nations awoke in Brussels this morning to find that a huge wooden horse had been wheeled into the city center overnight.
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Flickr / Nikolas Giakoumidis
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While the genesis of Greece’s financial crisis may come straight out of economic textbooks, the recent intervention of the EU and now the IMF into Greek affairs has guaranteed popular resistance to the bailout—which many see as foreign subjugation of their country.
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Portugal, Italy, Greece and Spain (or PIGS, as the likes of Stephen Colbert have pointed out) have seen better days—debt is overpowering the eurozone and impacting the U.S. as well. The UK election: Will it be a hung parliament? Plus: Newsweek’s for sale. Any takers?
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AP / Dimitri Messinis
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A stray dog named Kanellos has apparently been on the front lines of most major protests in Greece over the past two years. He is also the focus of a blog, the subject of a recent Guardian photo essay, and the inspiration for several YouTube video homages.
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finance.google.com
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Fears that this might be a jobless recovery turned into fears that this might not be a recovery at all on Thursday as the Dow dropped about 1,000 points. It quickly rallied, leaving the loss at the world’s biggest casino at 347.80. (continued)
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By William Pfaff — The present crisis of the European Union was inherent in the creation of the institution itself.
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Flickr / Andres Rueda (CC-BY-ND)
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The once-mighty euro, a currency that humbled American tourists in its day, has sunk to a 13-month low against the dollar. Greece’s impending bailout apparently isn’t settling nerves in the eurozone, which includes other major economies that look a little wobbly as of late.
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youtube.com
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Thousands of angry Greeks took to the streets on May Day, protesting a wave of wage cuts, tax increases and pension reductions implemented to deal with the country’s growing debt crisis.
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This week’s show certainly gets lively as the panelists debate whether Wall Street’s work benefits the nation—and the world at large—or just its denizens’ own bank accounts. Also, they take up Obama’s performance as Wall Street’s pied piper and engage in another on-air tussle over the Catholic Church’s crisis.
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Flickr
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Greek Prime Minister George Papandreou, declaring that the “moment has come,” formally requested the activation of a $60 billion financial aid package from the European Union and the International Monetary Fund.
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Flickr / U-g-g-B-o-y-(-Photograph-World-Sense-)
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The 16 nations that use the euro have just revealed an aid package of up to $40 billion in an effort to stem the Greek financial crisis. Finance ministers see the offer as a “step of clarification” for markets and a boost for the faltering euro.
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AP / Petros Giannakouris
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The origins of Greece’s economic crisis lie with the recklessness of the rich, but the consequences are directly affecting the poor: A new poll shows that three-quarters of the Greek population believe that the current plans to cut the country’s budget deficit are “socially unfair.”
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By William Pfaff — Today’s European crisis was precipitated by Greece acting with possibly reckless honesty, and Germany behaving badly.
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AP / Petros Giannakouris
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In an effort to save the Greek economy, and by extension the euro itself, eurozone countries—the 16 European Union states that use the common currency—have agreed on a multibillion-euro bailout that also will impose financial austerity measures on Greece.
Posted on Mar 12, 2010
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Sure, Goldman Sachs CEO Lloyd Blankfein once crowed that his firm was “doing God’s work,” but, as Stephen Colbert points out here, Blankfein never actually specified which God he was talking about. Perhaps it was Hades, Greek god of the underworld. Given the state of the Greek economy, that may not be too much of a stretch.
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By William Pfaff — There is a lot of money to be made by big international banks in impoverished small, and even medium-size, countries in times of world crisis.
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Flickr / antiparticle
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It’s not the only financial institution involved, but Goldman Sachs features prominently among the companies that the Federal Reserve is investigating in relation to Greece’s recent debt calamity, Fed chief Ben Bernanke told the Senate Banking Committee on Thursday.
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AP / Petros Giannakouris
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By Robert Scheer — “What is this Goldman Sachs and why has it caused us so much grief?” is a question they must be asking in even the most remote of Greek villages, as they are throughout much of this economically troubled world.
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Martin Sutovec, Slovakia —
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Flickr / World Economic Forum
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The logic of global capitalism is everywhere. New investigations are showing that the same Wall Street tactics—and companies—that ushered our own economy to economic collapse have emerged to exacerbate Greece’s current financial crisis.
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flickr.com / manos2036
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Violence erupted in Athens on Sunday as thousands took to the streets to mark the anniversary of the death of 15-year-old Alexandros Grigoropoulos, shot dead by Greek police a year ago. Within a few hours of his death, riots had spread across the country in a two-week spate of looting and burning.
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Michael Kountouris —
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Flickr / Klearchos Kapoutsis
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By William Pfaff — If one tries to draw an urgently contemporary lesson from Greek myth, the story of Midas is irresistible. It provides a commentary on our global economic and financial crisis, in which the pursuit of wealth has ruined us.
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telegraph.co.uk
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In a move that further complicates the anti-government unrest rocking Greece for the past four days, the country’s two biggest trade unions have declared their intention to go ahead with a planned 24-hour strike, likely to paralyze the economy in protest against government policies and incompetent handling of the economic crisis.
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The BBC reports on the riots that have plagued the Greek capital since police shot and killed a teenager on Saturday.
Posted on Dec 8, 2008
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Wiki Commons
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Last week it was Budweiser that was sold to the Europeans, this week it is the NBA that fell victim to a global economic shift that’s seen the dollar nose-dive vis-à-vis the euro. Respected young forward Josh Childress accepted a fatter offer from a Greek club than the one his U.S. team reportedly was making. He may not be the last.
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As the Olympic flame makes its way around the globe, pro-Tibet protesters have disrupted ceremonies in Greece, London and Paris.
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AP Photo / Petros Giannakouris
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Wildfires are threatening Olympia, birthplace of the Olympics and home to some of Greece’s most precious archaeological treasures, including relics from the Temple of Zeus. Authorities are battling fires throughout the country, and dozens of people have been killed.
Posted on Aug 26, 2007
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The eldest living descendant of France’s King Henry IV appears to be a 48-year-old lawyer in Bhopal, India. Prince Michael of Greece “discovered” Balthazar Napoleon de Bourbon’s ancestral ties while researching a book, though the supposed heir’s family had previously attempted to gain recognition.
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news.bbc.co.uk
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The United States Embassy in Athens, frequently assaulted by radical groups, was hit by a rocket-propelled grenade Thursday. The State Department says no one was injured by the explosion.
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