Category: USA
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The problem with austerity
Austerity doesn’t work – it’s official. An American bankers’ think tank, the Institute of International Finance, has just come out with a report which concludes the bleeding obvious: that the all-out pursuit of debt reduction at the expense of economic stimulus has made the Greek situation worse. The Institute’s chairman Charles Dallara, who worked for…
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The ugliness of the anti-Islam crusade
The worldwide revulsion at the anti-Islam film, The Innocence of Muslims, has been coupled, in many Western countries, with the caveat: “But in the interests of free speech we defend the right of the film to be shown.” The film is a vile attack on the fastest growing religion in the world and its 1.6…
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Who’s to blame for Euro crisis?
The Paris-based International Herald-Tribune carried a front-page banner headline the other day saying: “A hunt for culprits in Euro crisis.” The seasoned foreign correspondent Jack Ewing wrote from Frankfurt: “The debate about how to distribute the cost of preserving the euro zone often revolves around a fundamental question that is unspoken but implicit: Who caused…
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Julian Assange and citizens’ rights
ECUADOR has shown an example to the world by standing up to the US and Britain and granting Julian Assange asylum. The threat by the British government to invade its embassy in London and seize Assange is an outrage. It’s an unprecedented violation of the laws of diplomacy and an act of post-imperial bullying against…
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US medal count – blacks v Mormons
With only hours to go to the London Olympics closing ceremony, the United States is way out in front with a total of 46 gold, 29 silver and 29 bronze medals. I wonder how many were won by black Americans and how many by white Mormons? I doubt whether this will have any impact on…
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Corruption pervades Greek arms contracts
Athenians are currently enthralled by the high-profile corruption case against one of the most senior members of the Pasok, “socialist” government, former Defence Minister Akis Tsochatzopoulos. The ex-minister, his daughter Areti and his ex-wife Vicki Stamati are all in custody as evidence of complex money-laundering charges makes front-page news almost every day. As Defence Minister…
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Unholy alliance against bail-out
The Greek bail-out negotiations are so tortuous that they require a knowledge of quantum physics to track their progress. The next “crunch date” is July 24 when the so-called “troika” representing the Euro-banks, the IMF and the European Commission return with their final report on what the Greek people must sacrifice to satisfy the German,…
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Ecuador protects Aussie Assange
Julian Assange remains lodged in the Ecuadorian Embassy in Knightsbridge while the Correa Government decides whether to grant him political asylum. Meanwhile, the WikiLeaks founder remains committed to standing for the Australian Senate whenever the next Federal Election is called. Whether he can campaign on the ground or not will depend on his circumstances but…
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The 40th anniversary of capitalism’s terminal illness
On August 15, 1971, US President Richard Nixon changed the world capitalist economic order. What happened that day is the starting point of any understanding of the desperate crisis striking at the heart of the system in Europe and the United States. At a stroke, Nixon cancelled the convertibility of the dollar into gold which had underwritten…