Monthly Archives: September 2012

Fanning the flames

The US ambassador to Libya and several employees at the US embassy in Benghazi have been killed by Muslim fundamentalists in reaction to a short clip that portrayed Muhammad in a not very flattering manner. This is just plain wrong: … Continue reading

Posted in belief systems, media, religion | Leave a comment

Germany’s constitutional court: Pro austerity, contra solidarity

Back in June, Germany’s parliament, the Bundestag, voted on the ratification of European Stability Mechanism (ESM) a.k.a. “bailout fund” and European Fiscal Compact a.k.a. “fiscal pact”. (the two are tied up together) The former is intended to loan money to … Continue reading

Posted in austerity, debt, developed countries, economic policy, eurocrisis, neo-liberalism, public debt, standards of living, wealth distribution | Leave a comment

What Obama has wrought

The Black Agenda Report writes about what Obama has wrought: Preventive Detention George Bush could not have pulled off such an evisceration of the Bill of Rights, if only because the Democrats and an aroused street would not have allowed … Continue reading

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Be careful what you wish for

I also could have titled this post “Wanting to have one’s cake and eat it too”. Because, you know, Armin Mahler is complaining in Spiegel that ECB Bond-Buying Plans Undermine Democracy: Draghi, on the other hand, has no democratic legitimization. … Continue reading

Posted in economic policy, eurocrisis, macroeconomics, neo-liberalism, public debt | Leave a comment

Originally posted on Real-World Economics Review Blog:
from Mark Weisbrot The federal minimum wage is just $7.25 an hour and hasn’t been raised in three years. But a raise is much more overdue than that. If we look at the…

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Good (?) governance and bad (!) journalism

Spiegel recently ran an article series on “Good Governance”. The lede read like this: Western democracies consider themselves to be efficient, farsighted and just — in other words, prime examples of “good governance.” But in recent years, the euro and … Continue reading

Posted in democracy, developed countries, economic policy, media, neo-liberalism, oligarchy, science-based policy, standards of living, wealth distribution | Leave a comment