Category Archives: The world we live in Now

Observations and reflections of sweeping change

Political Theatre

Posted on July 19, 2011 by Michaela

Republicans and Democrats are still debating a deal to lift the US debt ceiling in order to avoid defaulting on its payments. Congress must raise the $14.3 trillion limit on US borrowing by August 2 or the government will run … Continue reading →

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An old friend’s face

Posted on July 19, 2011 by Michaela

Ann Curry of NBC interviews the Dalai Lama 16 Jul 2011

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On the brink

Posted on July 19, 2011 by Michaela

By Nouriel Roubin The eurozone crisis is reaching its climax. Greece is insolvent. Portugal and Ireland have recently seen their bonds downgraded to junk status. Spain could still lose market access as political uncertainty adds to its fiscal and financial woes. … Continue reading →

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Look on my works….

Posted on July 19, 2011 by Michaela

By George Galloway “Look on my works, ye mighty; and despair!” So said the base of the statue of Ozymandias of Egypt – Ramasses the Great, Pharaoh of the 19th Dynasty of Ancient Egypt – discovered deep under the desert sands … Continue reading →

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Getting to Crazy

Posted on July 18, 2011 by Michaela

By Paul Krugman There aren’t many positive aspects to the looming possibility of a U.S. debt default. But there has been, I have to admit, an element of comic relief — of the black-humor variety — in the spectacle of … Continue reading →

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Ignorance

Posted on July 18, 2011 by Michaela

By Massimo Pigliucci  Ignorance is the root of all evil, according to Plato, who also famously gave us a still-current definition of its opposite: knowledge. For Plato, knowledge is “justified true belief”. That definition is worthy of consideration as we reflect … Continue reading →

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A Clash of Generations

Posted on July 17, 2011 by Michaela

By Thomas L. Friedman ATHENS I realize that I should be in Washington watching the debt drama there, but I’ve opted instead to be in Greece to observe the off-Broadway version. There are a lot of things about this global … Continue reading →

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We’re spent

Posted on July 17, 2011 by Michaela

By David Leonhard THERE is no shortage of explanations for the economy’s maddening inability to leave behind the Great Recession and start adding large numbers of jobs: The deficit is too big. The stimulus was flawed. China is overtaking us. … Continue reading →

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Debt and default

Posted on July 16, 2011 by Michaela

A sea of money….

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A matter of indifference

Posted on July 14, 2011 by Michaela

By Marc Brost – Heike Buchter – Mark Schieritz One can’t even see this crisis, and that’s the dangerous thing about it. Tens of thousands of Germans are on holidays in Italy, relaxing on the beach at Viareggio or strolling through the streets of … Continue reading →

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