The coffee’s freshly ground, there’s a wide variety of teas and the sticky buns are homemade.
- “There was relief at the result of Spain’s bond auction on Thursday, in which there was strong demand, even though some borrowing costs rose. The 10-year bonds were sold at a yield of 5.743%, up from 5.403% when the bonds were last sold in February.”
- “Christine Lagarde is involved in a struggle to raise funds for the International Monetary Fund amid fears that a fresh eruption of the global financial crisis will leave the organisation short of emergency cash.”
- “With 1-in-10 of the European Union’s workforce languishing on unemployment lines, a plan to create 17 million new jobs might have been expected to receive a warm welcome.”
- “For some rich Chinese, the desire to secretly move vast sums of money out of the mainland isn’t just urgent — it can be a matter of life and death.”
- TRNN: “Inequality and Instability – Part 2. James K. Galbraith: The Bush years – Growth demanded new markets among debtors who previously had not qualified for mortgages.”
- “The dolphins are preserved in giant freezers in marine labs across America. Tagged, catalogued, carefully guarded – and suspended in liquid nitrogen for the moment when they will determine BP’s final bill for the Gulf of Mexico oil disaster, which started two years ago this Friday.”
- “Fishermen, in particular, are seeing their way of life threatened with extinction – both from lack of an adequate legal settlement and collapsing fisheries. One of these people, Greg Perez, an oyster fisherman in the village of Yscloskey, Louisiana, has seen a 75 per cent decrease in the amount of oysters he has been able to catch.”
- “The United Nations Secretary General Ban Ki-moon has said the situation in Syria remains ‘highly precarious’. The UN has reached a preliminary deal with the Syrian government on rules governing the deployment of observers to monitor an agreed ceasefire.”
- “Bahrain is braced for three days of protests to coincide with the controversial formula one grand prix as the government and organisers insisted that the event would proceed as planned.”
- “Rupert Murdoch faces a growing legal challenge in the heart of his global media empire as lawyers representing alleged victims of phone hacking on US soil begin gathering evidence ahead of possible court action.”
- TRNN: “Spring Revival: Occupy Wall Street Seeks to Rejuvenate Movement. Occupy activists converge in New York’s Central Park ahead of May Day actions.”
Marx in the Morning
“Richard Wolff sat in a downtown Chicago coffee shop and confessed he was having the time of his life. ‘I am a little like a kid in a candy store. I really am,’ Wolff said with a grin, using the sort of language not usually associated with the dry world of Marxist economics.”
The truth will set you free but first it will piss you off.