Journal Entry #2
NORFOLK, Conn.—The Greek crisis reached fever pitch last weekend. As I wrote in a column published Monday, it is baldy political now. Stiglitz put it better in a piece published the same day in the Guardian. Read it here. “European…
To the Brink: Why It’s Time for Greece to Call the Euro Quits
The wind whistling past Alexis Tsipras’s ears must be a deafening howl. The crisis facing the Greek prime minister now mutates by the hour—deteriorating markedly over the past several days. As of Sunday evening Greek time: After emergency meetings with…
Journal Entry #1
NORFOLK, Conn.—As Howard Austen, Vidal’s other half for more than half a century, lay dying, the great writer sat by his beside and asked him if he’d like to talk. “No,” Austen replied. “There’s too much to say.” Maybe a…
We restarted the Cold War: The real story about the NATO buildup that the New York Times won’t tell you
Our leaders and media push time-worn nonsense about American innocence, while taking aggressive moves. Look out. Have you picked up on the new trope du jour? We are all encouraged to bask in our innocence as we lament the advent…
Why the E.U. Will Cut a Deal With Greece This Week
You have to be a horseplayer now that the Greek crisis is about to pop: Like any savvy handicapper you hold your main bet in your hand but keep a saver in your pocket. When a European Union summit gathers…
Markets Fear the End Game for Greece as IMF Gives Ukraine a Free Pass
Until a few days ago, the Greek and Ukrainian debt crises looked like twins: Two sovereigns with immense debts, creditors at their throats, looming deadlines, and deep fiscal and economic problems. One of the biggest guns among the creditors is…
Behind the Tensions Over China’s Artificial Islands
There are two useful ways to view the current dispute over the artificial islands China is building atop reefs in much-contested zones of the South China Sea. It’s a mistake to see China’s construction projects in the Spratly Islands as…
We are the propagandists: The real story about how The New York Times and the White House has turned truth in the Ukraine on its head
A sophisticated game of manipulation is afoot over Russia: power, influence and money. U.S. hands are not clean. A couple of weeks ago, this column guardedly suggested that John Kerry’s day-long talks in Sochi with Vladimir Putin and his foreign…
Greece, Britain, and the EU: A Tale of Two Exits?
A step at a time over the past seven years, the true victim of financial, economic, social, and now political crisis has emerged. No, it’s not the Greeks, or the Spanish or Portuguese, not the Irish or the Italians: It’s…
Big banks run everything: Austerity, the IMF and the real story about world economy that the media won’t tell you
If you want to understand what’s really happening in Greece and Ukraine, just follow the money. Fascinating to watch the International Monetary Fund as it fronts for the U.S. Treasury and international lenders in the Greek and Ukrainian debt crises….
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