The meme coming out of Europe, and from conservative America, is that Greece a) lied about their debt, b) foolishly borrowed more and lived the high life, and c) now simply don't want to pay it back.
There is a grain of truth to this, but only a grain. It's important to see both sides.
All eyes have been on Greece this week, but the real action is on the other side of Asia.
All eyes are on Greece this weekend.
Puerto Rico has been mired in an eight-year long recession and a brutal drought that makes California's drought look mild.
On July1st, things could get a whole lot worse.
There's a lot of economic rubbish being printed about the Greek Crisis, most of it coming from the creditors and bankers. The story they are selling is that Greeks are lazy and they won't reform their economy, so they have no one to blame but themselves.
They think that you are too lazy to find the actual facts before the clock runs out on June 30th. By reading this essay you will prove them wrong.
President Obama has declared that the temporary defeat of the TPP in Congress by the Democratic Party "will directly hurt" American workers.
The CATO Institute, most congressional Republicans, and Wall Street agrees.
All the politicians and economists will tell you that the economy has recovered. While things aren't as bad as they were in 2008-2010, it certainly doesn't feel like we've ever gotten over the crash.
I have been underground for the winter blues and have not been around helping to build the site. Sorry, just too much on my plate. It was with great pleasure to see that Pluto had joined us. I want to use this diary to respond in some ways to Pluto's Republic's (that's a hard spelling nut) two essays:
http://www.caucus99percent.com/content/americas-mein-kampf-%E2%80%94-20-years-later
Or, free trade explained in plain English.
The so-called "free trade" is a hot topic again. There is lots of talk about Trans-Pacific Partnership(TPP), atleast in the independent/alternate media [Yeah, the media for the 99% is "alternate" while the 1%-ers' media is mainstream. Tells a lot about US, no?]
The time has come to face facts: Putin's Russia is going to weather the economic sanctions.
