Monthly Archives: June 2011

Kill Bill: The sabotage of US finance reform

Posted on June 11, 2011 by Michaela

By Danny Schechter Some years back Thomas Frank nailed it in his book, The Wrecking Crew. It was subtitled “How Conservatives Rule” and showed how narrow self-interest and well practiced cynicism in the service of partisan warfare has crippled our … Continue reading →

Posted in The world we live in Now | Tagged Federal Reserve System, Naked Capitalism, Wall Street | Leave a comment

The Snowball

Posted on June 9, 2011 by Michaela

By Kenneth Rogoff Europe is in constitutional crisis. No one seems to have the power to impose a sensible resolution of its peripheral countries’ debt crisis. Instead of restructuring the manifestly unsustainable debt burdens of Portugal, Ireland, and Greece (the PIGs), … Continue reading →

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Everything happens simultaneously

Posted on June 7, 2011 by Michaela

I keep thinking how much the current events in the Middle East remind me of … Lawrence of Arabia

Posted in The world we live in Now | 1 Comment

Politics and Expertise

Posted on June 7, 2011 by Michaela

By Peter A Diamond Last October, I won the Nobel Prize in economics for my work on unemployment and the labor market. But I am unqualified to serve on the board of the Federal Reserve — at least according to … Continue reading →

Posted in The world we live in Now | 3 Comments

The Beauty of Form

Posted on June 5, 2011 by Michaela

Posted in Photographs | 1 Comment

Pictures of an Exhibition

Posted on June 4, 2011 by Michaela

Modest Mussorgsky “Pictures of an Exhibition” Vienna Philharmonic Orchestra Conductor: Valery Gergiev From an open air concert June 6, 2011 at Schloss Schönbrunn in Vienna

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Will & Wants

Posted on June 4, 2011 by Michaela

The spiritual path is inherently about letting go of desires and wants of any kind That which I think will make me happy – but even more so of that which prevents me from being fulfilled right now. Adyashanti: The Falling … Continue reading →

Posted in Teacher & Teachings | 5 Comments

Conventional wisdom

Posted on June 3, 2011 by Michaela

By PAUL KRUGMAN Earlier this week, the Federal Reserve Bank of New York published a blog post about the “mistake of 1937,” the premature fiscal and monetary pullback that aborted an ongoing economic recovery and prolonged the Great Depression. As Gauti … Continue reading →

Posted in The world we live in Now | Tagged Bond vigilante, European Central Bank, Federal Reserve Bank of New York, Great Depression, Unemployment, United States | Leave a comment

Water

Posted on June 3, 2011 by Michaela

By By EDWARD WONG A chronic drought is ravaging farmland. The Gobi Desert is inching south. The Yellow River, the so-called birthplace of Chinese civilization, is so polluted it can no longer supply drinking water. The rapid growth of megacities — 22 … Continue reading →