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imagePuerto Rico debt restructuring legislation is flying fast and furious around Congress. But the air contains more than a whiff of defeatism regarding the prospects of passage. Bills vary greatly in substance and scope, and yet apparently the response of powerful creditors is consistent: they want to retain the right to be holdouts and are making...

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I once heard director Sydney Pollack speak about the importance of the passage of time for artists to have enough perspective and distance from a subject to create real art. In 1964, my grandfather , James B. Donovan , published a memoir called “ Strangers on a Bridge, ” in which he recounted in diary format his legal defense of Russian spy Col....

Thursday, 25 February 2016 |

2:00PM Water Cooler 2/25/2016

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Today's Water Cooler: Ryan and TPP, #BlackLivesMatter confronts Clinton at fundraiser, Sanders' charm, Afghanistan, global warming ‘hiatus’...
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Franco Modigliani foresaw how the ECB and the Eurozone architecture had an anti-growth bias and proposed remedies that were ignored....
Wednesday, 17 February 2016 |

301 Moved Permanently

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301 Moved Permanently...
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Michael Hudson discusses his paper, The IMF Changes Its Rules To Isolate China and Russia, and how jockeying among the big power players is becoming more visible and higher stakes....
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Were the Saudis actually not targeting the US shale industry or did their original plans misfire?...
Tuesday, 09 February 2016 |

Links 2/9/16

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...image
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Flint reveals that there is a much deeper contamination poisoning our country's political morals....
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