NIGHTWATCH: France-Greece Shock Bankers Into Reality

Europe: For the record. German Chancellor Merkel and the European Council have changed in the last 48 hours from emphasizing austerity and the importance of adhering to agreements and goals to focusing on growth. The two economic ideas are not mutually exclusive. Nevertheless, the growth has not been discussed in connection with south European sovereign …

2012 Reality Sandwich: The Battle for the Soul of the Republic

The Battle for the Soul of the Republic Reality Sandwich, 10 April 2012 Robert David Steele Vivas The National Security Agency (NSA) mega-data center, combined with the Central Intelligence Agency (CIA) special relationship with Google, and the federalization of local police using Department of Homeland Security (DHS) funds to pay for monitoring both the locations …

Gordon Duff: Poverty in America – BBC versus Reality

American Poverty, What the Brits Don’t Understand Panorama Special on American Poverty A Delusional Tale by  Gordon Duff,  Senior Editor Last week, the BBC news show, Panorama, supposedly told the story of America’s poor.  Moments of the story were right, they certainly picked one or two of those responsible for America’s economic collapse out, although …

Chuck Spinney: Mike Lofgren on Taxation Reality, Media Ills

How the media enable the Republican tax agenda By Mike Lofgren, Nieman Watchdog, Commentary, January 18, 2012 Mike Lofgren, the former Republican congressional staffer who recently decried the descent of the GOP into lunacy, blames the press for not holding politicians accountable for their budgetary flimflam in the service of the rich. The result: A …

Mini-Me: Graduates versus Oligarchs–Reality Knocking

Paul Krugman recollects a point he made years ago that Chuck Spinney and Joseph Stiglitz and Martin Auerbach have been pressing home for over a decade.  Absentee landlords and capital flight from the heartland.  TWO sucking chest wounds. Graduates Versus Oligarchs Paul Krugman New York Times, 1 November 2011 Dean Baker raises an important point …