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30/03/2012 By Andrew Watt 2 Comments The euro area finance ministers meeting in Copenhagen have agreed on the size of the firewall, that is the funds to be made available to the new European Stability Mechanism and the way the funds in the existing European Financial Stability Facility are to be managed; see the eurogroup statement here. They arrive at a [...] 30/03/2012 By Roger Liddle Leave a Comment
Social Europe Journal — debating progressive politics in Europe and beyond
Why cuts are the wrong cure | False Economy
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UCL Institute for Security and Resilience Studies
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thought maybe
TomDispatch
Posted by Chip Ward at 9:25AM, March 27, 2012. [ Note for TomDispatch Readers: Don’t be fooled by Tom’s introduction this morning (pre-prepared). He remains on the road and off the grid until Thursday, but a signed, personalized copy of his book The United States of Fear will wing its way toward you on his return for a contribution of $75 (or more).Published by the Penguin Group Penguin Group (USA) Inc., 375 Hudson Street, New York, New York 10014, U.S.A. • Penguin Group (Canada), 90 Eglinton Avenue East, Suite 700, Toronto, Ontario, Canada M4P 2Y3 (a division of Pearson Penguin Canada Inc.) • Penguin Books Ltd, 80 Strand, London WC2R ORL, England • Penguin Ireland, 25 St Stephen’s Green, Dublin 2, Ireland (a division of Penguin Books Ltd) • Penguin Books Australia Ltd, 250 Camberwell Road, Camberwell, Victoria 3124, Australia (a division of Pearson Australia Group Pty Ltd) • Penguin Books India Pvt Ltd, 11 Community Centre, Panchsheel Park, New Delhi – 110 017, India • Penguin Group (NZ), 67 Apollo Drive, Rosedale, North Shore 0632, New Zealand (a division of Pearson New Zealand Ltd) • Penguin Books (South Africa) (Pty) Ltd, 24 Sturdee Avenue, Rosebank, Johannesburg 2196, South Africa 1.
All the Devils Are Here: The Hidden History of the Financial Crisis (9781591843634): Bethany McLean, Joe Nocera: Books
This Time Is Different: Eight Centuries of Financial Folly: Amazon.co.uk: Carmen M. Reinhart, Kenneth Rogoff: Books
I would say that her [Carmen Reinhart's] book with Ken Rogoff on debt crises and financial crises is an extraordinary piece of work. -- Federal Reserve Chairman Ben Bernanke, speaking before the House Budget Committee (6/9/2010) [E]ssential reading . . . both for its originality and for the sobering patterns of financial behaviour it reveals. -- "Economist Reinhart and Rogoff have compiled an impressive database, which covers eight centuries of government debt defaults from around the world. They have also collected statistics on inflation rates from every country where information is available and on banking crises and international capital flows over the past couple of centuries. This lengthy historical study gives what they call a 'panoramic view' of the unending cycle of boom and bust, showing how claims that 'this time is different' are invariably proven wrong. . . . This Time Is Different doesn't simply explain what went wrong in our most recent crisis.This Friday 30 March, for the first time, takes us to the site of the Olympic games in Lee Valley in support of the Save Leyton Marshes campaign. Meet 6:30pm outside Clapton Train station to walk to the Leyton Marsh where … Continue reading Occupy London is gearing up for Occupy May – details to be announced soon – but this weekend sees a host of events happening at its existing camps as well as around London.
Occupy the London Stock Exchange
Last week, Chatham House, formerly known as the Royal Institute of International Affairs and a non-profit, non-governmental institution in London whose “mission is to be a world-leading source of independent analysis, informed debate and influential ideas on how to build a prosperous and secure world for all”, published a report with the title, “Gold and [...]
Paper Money Collapse: Detlev Schlichter navigating the monetary meltdown.
ZeroHedge | On a long enough timeline the survival rate for everyone drops to zero
Submitted by Tyler Durden on 03/22/2012 - 18:39 Auto Sales CDS China Consumer Sentiment Crude David Rosenberg Global Economy Housing Starts Iran Israel Merrill Michigan NAHB NFIB Payroll Data Personal Income recovery Rosenberg University Of Michigan Back in early 2011, even as the global economy was at best flatlining, the one goalseeked explanation to justify a levitating stock market (which was rising solely due to the short-term effect of transitory QE2 liquidity), was soaring corporate profitability (which only lasted as long as companies could trim some residual SG&A fat; they have now cut into the bone in terms of layoffs). This time around, with corporate margins having peaked, there had to be some other validation to explain away the "narrative" of the latest bout of central bank infused stock market levitation: it just happened that this time it was once again that old faithful, and always wrong, justification - decoupling.Front Page | Institute for New Economic Thinking
Because of the overwhelming interest in our Plenary Conference "Paradigm Lost: Rethinking Economics and Politics," we have created a parallel event, YSI Commons , especially for graduate students, post-docs, and junior faculty. What is “YSI Commons”? YSI is INET's “Young Scholars Initiative,” and “Commons” refers to the intellectual commons that we all share, and also to the venerable “common room” of traditional universities, a central axis of scholarly society and culture. In Berlin, our Commons will have an actual physical location, the Akademieraum in the Hotel Adlon, where young scholars will meet and interact as well as being able to view the conference.Something strange happens when a protest or campaign starts up. The Media, politicians and people talking by the water cooler draw an arbitrary distinction between ‘protesters’ and ‘the public’. During my time with the Occupy Movement I have noticed people occasionally do this on camp, referring to ‘the public’. In fact, in the court case for the eviction of the St Paul’s site and other across the UK and elsewhere, the case has been expressed as the rights of ‘the public’ to use the space occupied by ‘the protesters’. The thing is, there is no such distinction in reality.

