The risk of a nasty mix determined by inflation from raw materials, sluggish production, unemployment and declining demand for goods and services. The serious danger comes from the fact that Western economy has not been changed after the recent crash.
The fake referendum imposed by Fiat asked its workers to choose between either worse work conditions dictated by the company or the factory's de-localization abroad with their associated unemployment.
Looking on the bright side has been a national asset and the Positive Thinking industry itself is big business. But that faith is being tested these days.
Contemporary conservatives like to talk about all kinds of values, but these are always subordinated to a single, unchanging and uncompromised goal: class warfare.
A disproportionate share of the $858 billion deal will go to people in the top 1 percent. The practical effect will be to put more pressure on Democrats to reduce spending of all sorts, including Social Security and Medicare, as well as education and infrastructure.
The country was ready for an updated New Deal, but in two short years, that opportunity was blown. Democrats say we need big government to control big business. But when they get into power, their economic policy is set to benefit Wall Street by people who came from Wall Street and will go back to Wall Street.
May Greece and Ireland succeed in stabilizing the growth of public debt? To maintain a primary surplus of ten or more points for several years is a classical “mission impossible”. The only alternative is the issue of euro-bonds, but...
