“When I give food to the poor, they call me a saint. When I ask why they are poor, they call me a communist.” Dom Hélder Pessoa Câmara, Archbishop of Olinda and Recife, also known as the ‘Bishop of Corum’
- “Spain’s credit rating has been downgraded as estimates on the size of the bailout it needs begin to mount up. Fitch cut its rating on Spanish government debt by three notches to ‘BBB’, a sign it thinks Spain’s ability to honour its debts has weakened.”
- “China has cut its key interest rates for the first time since 2008, in an attempt to boost its slowing growth. The benchmark one-year loan rate was cut by a quarter of one percent to 6.31% while deposit rates were cut from 3.5% to 3.25%.”
- “Things in Estonia had been going quite well. But then a GlobalPost article sparked a heated (and personal) fight between Estonia’s president and New York Times columnist Paul Krugman.” No matter what one may think of Krugman, he and Stiglitz have new books out and both are making the rounds. I don’t know who built the fire under Krugman’s ass but he’s really pushing some good ideas, even if I don’t think they go far enough but it’s more than the WH econoclowns are doing. And The Ben Bernanke? Don’t get me started.
- “Political parties in Egypt have agreed on how to select the panel that will write the country’s new constitution, ending weeks of deadlock.”
- Robert Fisk: “In Cairo, they know revolutions don’t always pan out quite as they wanted”
- “The department of justice is reviewing the NYPD’s controversial stop-and-frisk policy, following demands by campaigners who say the tactic is unconstitutional and racially discriminatory.”
- “The scientist who exposed the inner workings of the ultra-conservative Heartland Institute, triggering the defection of key donors, has been reinstated after an investigation.” Good guys – 1, Assholes – 0
- “Objective of US and Israeli Policy is Economic Warfare Against Iran. Gareth Porter: IAEA keeps Iran in ‘dock of global public opinion’ while sanctions aim to weaken Iran as a regional power.”
- “Is Ecuador’s Economic Policy a Non Neo-Liberal Alternative? Rebecca Ray: Ecuador’s economy continues to grow in spite of recession as they pursue policies that target poverty alleviation.”
- “The Minimum Wage and Making Work Pay. Jeannette Wicks-Lim: The Earned Income Tax Credit (EITC) is no substitute for a higher minimum wage.”
The truth will set you free but first it will piss you off.