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Is the Troika About to Lose Control of South-Western Europe?
Is the Troika About to Lose Control of South-Western Europe? The Price of “Austerity” Passos Coelho, who was until Tuesday Prime Minister of Portugal, knew “what to do.” After signing along the dotted line for a €78 billion bailout he embraced the Troika’s austerity agenda with abandon. Public spending was slashed, taxes were hiked, wages […]
Anti-austerity bloc brings down Portugal’s government
Anti-austerity bloc brings down Portugal’s government Left parties vote at the end of a debate on government programs at the parliament in Lisbon, Portugal November 10, 2015 © Rafael Marchante / Reuters Portugal’s pro-austerity government has been forced to resign by a leftist anti-austerity block, despite being sworn in only two weeks ago. Proposals to […]
Putin & Military Establishment
Putin & Military Establishment The strategy of the Obama Administration regarding Russia and foreign affairs has been a total disaster. They have achieved quite remarkably in bringing back the Cold War and placing the world at risk all for their power-plays that American citizens are ignorant about. This issue in Syria illustrates how once politicians […]
Tomgram: John Feffer, On the Verge of the Great Unraveling
Tomgram: John Feffer, On the Verge of the Great Unraveling The figures are staggering. In what looks like a vast population transfer from a disintegrating Greater Middle East, nearly 200,000 refugees passed through Austria in September alone. About half a million desperate refugees from Syria, Iraq, Afghanistan, and elsewhere have arrived in Greece since 2015 began (those, that is, who […]
Merkel Must Call Highest Level UN Emergency Summit Over Refugees
Merkel Must Call Highest Level UN Emergency Summit Over Refugees German Chancellor Angela Merkel needs to do something, urgently, that should have been done months- if not more- ago. There has to be a UN emergency summit on the European refugee crisis, it has to involve leaders at the very highest levels, and it has […]
US To Send “Thousands” Of Troops, Attack Helicopters, Artillery, To Europe To “Deter Russia”
US To Send “Thousands” Of Troops, Attack Helicopters, Artillery, To Europe To “Deter Russia” On Sunday, we highlighted a keynote speech delivered in California last week at the Reagan National Defense Forum by a man who isn’t afraid to venture into the “danger zone” (so to speak): Yes, that’s Ash Carter in a V-22 Osprey hovering above […]
Saudis Bring Oil War To Europe With Largest Price Discount Since 2009
Saudis Bring Oil War To Europe With Largest Price Discount Since 2009 With oil exports to Europe having slipped from 13% of Saudi’s total to just 10% in the last six months, The FT reports, the de facto leader of OPEC has slashed its Official Selling Price (OSP) to Europe in an effort to regain market share. Saudi lowered […]
Shrinking Norwegian Natural Gas Production Puts Europe In Dire Situation
Shrinking Norwegian Natural Gas Production Puts Europe In Dire Situation In this post I present actual Norwegian natural gas production, status on reserves, the development in discoveries and what this results for Norwegian Petroleum Directorate (NPD) and my expectations for the future delivery potential for Norwegian natural gas. Norway, after Russia, has been and is […]
What does Climate Change Look Like?
What does Climate Change Look Like? “Our goal is not to amass information or satisfy curiosity, but rather to become painfully aware, to dare turn what is happening to the world into our own personal suffering and thus to discover what each of us can do about it” –Pope Francis Several weeks ago, I […]
Somebody Will Do Something Stupid
Somebody Will Do Something Stupid Is it just me, or does it seem like we are moving inexorably towards a global confrontation? China claims some islands in the South China Sea and we attempt to provoke a military response by sending a US warship within 12 miles of the disputed islands. We accuse both China […]
Europe Will Never Be The Same. Neither Will The World.
Europe Will Never Be The Same. Neither Will The World. RLOppenheimer New flag for EU 2015To reiterate: People are genetically biased against change, because change means potential danger. People are also genetically biased against acknowledging this bias, because they wish to see themselves as being able to cope with both change and danger. Put together, this means […]
NATO Looks To Station Thousands Of Troops On Border With Russia
NATO Looks To Station Thousands Of Troops On Border With Russia Russia’s dramatic intervention in Syria has served to push the conflict in Ukraine (a country that is now partially governedby Star Wars characters) to the back of the world’s collective mind. After all, separatists exchanging fire with government forces and/or far-right “volunteer” battalions every couple […]
Leaked TAFTA/TTIP Chapter Shows EU Breaking Its Promises On The Environment
Leaked TAFTA/TTIP Chapter Shows EU Breaking Its Promises On The Environment from the toxic-trade-deal dept As far as trade agreements are concerned, the recent focus here on Techdirt and elsewhere has been on TPP as it finally achieved some kind of agreement — what kind, we still don’t know, despite promises that the text would be released as soon as […]
Where Is All The Gold Going?
Where Is All The Gold Going? Changing Attitudes With the help of a set of excellent charts on gold imports vs exports by Nick Laird (www.sharelynx.com), I would like to give you a brief overview of where gold is going. We have heard for some time that gold is moving to the Far East but […]
Schadenfreude – How the US Is Helping China Create a New Financial Order
Schadenfreude – How the US Is Helping China Create a New Financial Order Here we have an image of a Chinese banknote, featuring Chairman Mao, followed by a seemingly incongruous German word – schadenfreude. Is there an error here? Happily, no. We’ll begin with the word, schadenfreude, which means “harm-joy.” It’s used to express an […]
