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Wednesday, 01 July 2015 |

Our Spoiled-Brat Economy

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By insuring spoiled brats/vested interests never face the consequences of their actions and choices, we guarantee failure of the entire system.
Spoiled brats do not take kindly to being called out as spoiled brats.  Since economies are aggregates of individuals, we can anticipate howls of outraged denial at our economy being identified...
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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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MINDS Conference in Sao Paulo, Brazil

Rio de Janeiro- RJ. On July 24, the Multidisciplinary Institute for Development and Strategies (MINDS) will gather top policymakers, economists, and analysts at the FORD-MINDS Conference on Banking, Financial Instability, and Financial Governance in Brazil to discuss the structure of Brazil’s financial...

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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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Today the Supreme Court decided in favor of the government and the more than 6 million individuals who now have health coverage thanks to the Affordable Care Act’s subsidies. The 6–3 King v. Burwell decision—which determined that individuals in all states, not just those that established their own health exchanges, could be eligible for federal s...

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Greek debt disaster bodes ill for daily life

By Pavlina Tcherneva Cross posted from Al Jazeera

“There are red lines in the sand that will not be crossed,” Greek Prime Minister Alexis Tsipras said just weeks ago as he began the long negotiations process with creditors.

Some of these lines included no more pension cuts or value-added tax...

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