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OUTPOST TO POWERHOUSE SINGAPORE — Under the late Lee Kuan Yew, Singapore — which this week is celebrating its 50th anniversary as a nation — was unabashedly a hierarchical society. When asked if Singapore was a nanny state, he replied that, if it were one, he was proud to have fostered it. But he also…
YOU Might Very Well Be the Cause of Cancer”: Read Bernie Sanders’ 1970s-Era Essays The presidential candidate’s old writings were rambling, raw, and sometimes misinformed—but undeniably Bernie. —By Tim Murphy | Mon Jul. 6, 2015 Last month Sen. Bernie Sanders, the Vermont independent socialist seeking the Democratic presidential nomination, repudiated a 1972 essay he…
Little-Known History of the Euro: Crisis Was Baked In from the Start You’ve heard that the Euro was created to provide two benefits for Europe: 1. Unite Germany, France and other countries in a peaceful political situation, to prevent repeats of World War I and II 2. Create a macro-zone to compete against…
Who Runs the Fed? Timothy A. Canova ? Summer 2015 The 2008 financial crisis challenged many orthodox assumptions in finance and economics, including the proper role and accountability of central banks. The U.S. Federal Reserve, commonly known as the Fed, is the world’s most powerful central bank.
By Gregory Maus/foreign affairs Dictators constantly face a dilemma: crushing dissent to terrify (but anger) the populace or tolerating protests and offering reforms to keep the public at bay (but embolden dissidents in the process). Instead of relying on gut instinct, experience, or historical precedent, autocrats now have advances in data analytics and…
Earlier this week the embattled Greeks delivered still more body blows to the rotten regime of Keynesian central banking and the crony capitalist bailout state to which it is conjoined. By defaulting on its IMF loan, walking away from the troika bailout program and taking control of its insolvent domestic banking system, Alexis…
Editor, Tom Dispatch.com The Superpower Conundrum Posted: 07/02/2015 The Rise and Fall of Just About Everything Cross-posted with TomDispatch.com The rise and fall of great powers and their imperial domains has been a central fact of history for centuries. It’s been a sensible, repeatedly validated framework for thinking about the fate of the planet. So…
A bondage collar. BERLIN — Three men in their forties are standing by an old fireplace repeatedly smacking their wives’ behinds with the flat of their hands. Other couples three meters away are drinking cocktails. The men lounge in chairs with their legs apart while the women, heads bowed, kneel on the floor. A twisted picture…
Don’t Push A Bad Position! Bill Holter | June 26, 2015 – 11:07am Facebook Twitter Forward Print “Don’t push a bad position”! This is good advice in many varied quests. It is good advice in games like chess or poker. Good advice in sports, business, politics, geopolitics and certainly in…