Tag Archive | "Europe"

Striking Amazon

Poor Amazon. It’s unhappy that it can’t do what it wants with its workers in Europe.

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Bankers Lament Across The Ocean

Oh, pity those poor bankers in Europe. Capping their bonuses? What’s next? Having to be honest?

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Shuddering

A few of us have never bought the idea that the world economy has recovered from the financial crisis—mainly because people were struggling to make ends meet before the crisis. Add to that a mind-boggling obsession to impose austerity on the very people are struggling and, presto, you have the perfect storm for a mess. And just in the past 24 hours we get a flavor of this.

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Austerity Hurts The Mind and The Body

Austerity is a bad thing. As I’ve pointed out before, when an economy is suffering from lower demand, the last thing you want to do is squeeze the pocketbooks of the very people who you want to have out there spending money. But, here’s another thing: it makes you sick. Literally.

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The “American Disease” Takes Its Toll In Europe

   Here is what austerity and the spread of the "American disease" does for people: Europe’s long-running euro crisis may be cooling. But the economic distress it has left in its wake is pushing a rising tide of workers into precarious straits in France and across the European Union. Today, hundreds of thousands of people […]

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Austerity, The New York Times-Style

    Really. When I read The New York Times editorials about the economy, or the truly shallow reporting from most of the paper’s reporters, often I think: the people at The New York Times actually are dolts. They don’t understand economics–at all. But, more often, it’s worth considering–they actually believe what they write, even if […]

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Wall Street, We Can Hold YOU Hostage

    In some ways, the worst phenomena in political and public life is the way in which we–the people–give over power to the financial and corporate elite partly because we internalize marketing phrases and economic nonsense beaten into our brains over 30 years by the brain-dead traditional media and a capitulation by the political leaders […]

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Krugman to Catfood Commission: Austerity Is A Failure

   Paul Krugman wasn’t actually writing directly to the Catfood Commission II (speaking for myself, I decline to use a superlative being used by many to describe the Congressional fool’s gathering because the superlative implies higher quality). But, his message, looking at the debacle in Europe, is very clear: austerity is a loser.    In […]

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BREAKING Greeks General Strike Against Austerity. We Need The Same

   Greeks have taken a big part of the brunt in Europe because of the preying on its country by banks and international institutions. Essentially, the failed strategy has been all about AUSTERITY: shrink the economy even more in return for not…plunging the economy even deeper.    The people in Greece have had enough–and they’ve […]

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Capitalist Voices Say: Print Money–Or Be Afraid…VERY AFRAID

   You can smell the fear and the alarms going off–not by reading The Nation (snore…kick me when it has something new to say) or The New York Times, whose "economic" reporters, with one or two exceptions, are astonishingly dumb. For some real insights, look to the Financial Times and The Economist. And the message […]

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The U.S.-Europe Comparison

   One of the things I find most tiring–and there are, granted, many candidates for that list–is the refrain that "well, things may be bad in the U.S. but look how much worse it is in Europe?" I get that nonsense all the time, particularly when I have to debate the free-marketeers and the defenders […]

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The Week in Headlines

            President’s Mother-In-Law Says Stimulus Package Isn’t Good Enough;                             Wishes President Were More Of A Provider                 Kathleen Sebelius Adopts Late-Term Fetus To Appease Pro-Life Critics              […]

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The World Is Slowing Down

   Other people are feeling the pain, so says The Wall Street Journal: The global economy — which had long remained resilient despite U.S. weakness — is now slowing significantly, with Europe offering the latest evidence of trouble. On Thursday, the European Union’s statistics agency said gross domestic product in the euro zone contracted 0.2% […]

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