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imageScreen shot of CNN broadcast spreading fear of imminent July 4th terrorism attacks with no caveats whatsoever

(update below)

A number of US media organizations are spreading fear based on a “bulletin” shared by the Federal Bureau of Investigation and Homeland Security Department that reportedly warns of possible attacks by ISIS...

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As embattled Greece moves closer to bankruptcy, what does it mean for other economies including Britain?...
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Cheap, easy credit has created moral hazard and nurtured magical thinking throughout the global economy.
According to polls, the majority of Greek citizens want the benefits of membership in the euro/EU and the end of EU-imposed austerity.  The idea that these are mutually exclusive doesn't seem to register.
This is the discreet charm of...
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Monetary policymakers have run out of room to fight the next crisis with interest rates unable to go lower, the BIS warns...
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imageinmate visitation room The booming jail and prison industry has invented another way to fleece inmate families: eliminate in-person family visits all together, and replace them with video ‘visits’- for a fee. Jefferson County Jail in Missouri joins Washington DC Jail and others in a growing list of jails to deprive families of any...

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It is impossible to wean an economy that relies on debt and leverage for its "growth" of excessive debt and leverage.
As noted earlier in this series,  collapse is not an event, it's a process , a process we experience as  things fall apart . The phrase famously appears in William Butler Yeats' 1919 poem,  The Second Coming :
Turning...
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A glimmer of hope as EU leaders aim to finalise deal by Thursday which includes plans to hike taxes and reform pensions - and which Tsipras must sell at home...
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By Woody Box

image

Next Wednesday, Judge George O’Toole will most certainly affirm the jury’s verdict and speak out the death sentence against Dzhokhar Tsarnaev. It is remarkable that the verdict is in big part based on a single piece of crippled evidence: the notorious video with Dzhokhar leaving back his bag in front of the Forum...

Monday, 22 June 2015 |

Collapse, Part 1: Greece

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When systems are broke and broken, collapse is the only way forward.
The theme this week is collapse.  It's a big, complex topic because there are as many types of collapse as there are systems. Some systems appear stable on the surface but collapse suddenly; others visibly decay for decades before finally slipping beneath the waves of...
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imageJemima Pierre

The Dominican Republic is set to purge its country of hundreds of thousands of black Haitian migrants or black Dominicans of Haitian descent. The government has stripped anyone born in Haiti after 1929 of their citizenship and rendered this entire population stateless. Numerous Haitians have fled or are hiding as they wait to see...

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