Posts tagged ‘austerity’

Austerity Chicken

by , posted on Sunday, March 3rd, 2013 at 6:23 pm

In the maneuvering to affix blame for the mess that is sequestration, the Republicans in Congress would have us believe this was all the President’s idea to begin with,

while the Obama Administration would have us believe that it was a deal that was never supposed to take effect. Not really. And yet, both sides voted for it. Both sides agreed to play this dangerous game.

And that’s the problem. The debate has never been a question of whether or not we should even be pursuing a politics of austerity in the first place, it has merely been a question of the precise balance of pain that was to be exacted upon those less fortunate than those who will determine our fate.

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Robert Pollin: Economic Outlook for 2013

by , posted on Tuesday, January 1st, 2013 at 10:34 pm

from The Real News Network

With austerity policies in Europe and the USA and slow down in China and India, 2013 needs innovative policies or more recession is likely

Robert Pollin is the Co-Director of the Political Economy Research Institute and Professor of Economics at the University of Massachusetts-Amherst.

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Big London Protests Against Austerity

by , posted on Wednesday, October 24th, 2012 at 3:39 pm

from The Real News Network

Protest brings tens of thousands into the streets, but are such mobilizations enough to stop the cuts?

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Greek Society Unravels Under Austerity Measures

by , posted on Wednesday, October 24th, 2012 at 3:22 pm

from The Real News Network

Costas Lapavitsas: Merkel’s visit to Greece shows Eurozone leadership don’t want to push Greece out, but situation is explosive as people are furious at austerity measures

Most Greeks Look to Left for Solutions, but Far Right Gaining Strength

Costas Lapavitsas Pt.2: Left party Syriza leads polls but conditions for fascism also developing as crisis deepens

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Britain’s Unions Bring London to a Standstill

by , posted on Monday, October 22nd, 2012 at 7:09 pm

from The Real News Network

One hundred thousand workers march on the capital as unions warn austerity isn’t working and threaten a general strike for the first time since 1926,

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Richard Wolff: Spain & Greece – Is This What Collapse Looks Like?

by , posted on Friday, September 28th, 2012 at 7:52 pm

from The Big Picture with Thom Hartmann (RT)

Richard Wolff, economist & visiting professor in the Graduate Program for International Affairs, New School University, joins Thom Hartmann. Workers in Greece went on strike Wednesday to protest another round of spending cuts under consideration by the Greek government. Public employees, teachers, medics, lawyers, and even banksters walked off their jobs and took to the streets to protest salary and pension cuts. It’s the first such strike since the new Conservative government took power in June. Yet the Greek government today unveiled it’s new austerity budget pledging to cut $11.5 billion over the next several years. So what will this latest round of cuts due to a nation that is already collapsing under the banksters demands?

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German Economy and European Crisis

by , posted on Wednesday, September 26th, 2012 at 12:16 pm

from The Real News Network

German Left Party Vice-President Sahra Wagenknecht on wage repression in Germany and the European Stability Mechanism

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Thousands Surround Spanish Parliament in Bid to “Occupy Congress” and Stop Austerity

by , posted on Wednesday, September 26th, 2012 at 11:22 am

from Democracy Now!

Thousands of people surrounded the Spanish Parliament in Madrid on Tuesday to protest austerity measures and the loss of public confidence in elected leaders. The “Occupy Congress” protest came as the conservative administration of Prime Minister Mariano Rajoy prepares to unveil further austerity measures on Thursday. After hours of protest, police in riot gear charged against demonstrators with batons and fired rubber bullets. Thirty-five people were arrested and at least 60 people were injured. We go to Madrid to speak with independent journalist Maria Carrion.

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Will Obama, the Fed’s QE3 or Romney’s “Smaller Government” Create Jobs?

by , posted on Tuesday, September 25th, 2012 at 11:12 am

from The Real News Network

Leo Panitch and Sam Gindin (authors of The Making of Global Capitalism: The Political Economy of American Empire): As long as effective demand remains low and banks demand austerity to protect their assets, the crisis will deepen.

Part Two: The Crisis and Who Has the Power

Major structural change or effective short term reforms requires addressing democratic decision making starting with making banks a public utility.

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Spain’s Robin Hood Mayor and Landless Peasants Battle Bankers

by , posted on Wednesday, September 5th, 2012 at 8:35 am

from The Real News Network

In Southern Spain, Juan Manuel Sánchez Gordillo, mayor of the small town of Marinaleda, is helping organize a growing protest movement against the austerity measures imposed by the Spanish government. Sánchez Gordillo and the landless peasants that follow him are at the forefront of demonstrations seeking a radical change in the country’s economic policies in response to the country’s worsening crisis.

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