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http://www.dailykos.com/story/2012/05/27/1094768/-The-Republicans-are-unfit-to-govern
Laurence Lewis for Daily Kos

One of this biggest economic stories of the past week was this:
The 17-country eurozone risks falling into a “severe ( Read more... )

UK Back in Recession (Duh Edition)
On Thursday the econ rags were abuzz with word that the UK had officially slipped into a Double Dip Recession, its first, officially, since 1975 ( Read more... )

By Gaius Publius on 5/21/2012 09:15:00 AM

Paul Krugman wrote a Friday column that gives us a chance to review and re-explain the current state of things in Europe. The state of the Europe is stark - poised on perhaps its last precipice.

Here's The Professor's summary (my emphasis and some reparagraphing everywhere; h/t The Stars Hollow Gazette):
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Sunday May 20th, 2012

I've said several times on this blog that our leaders are aware of Peak Oil and it's implications, and that they dare not acknowledge it for the effect it would have on the general public. I came to this conclusion based on on several reasons. 1.) The embracing of austerity seems to be a tacit acknowledgement that future growth ( Read more... )

Walker's Trickle Down Austerity vs. Obama's Restrained Keyensianism


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G8 Leaders may be Grasping Reality
G8 world leaders meeting with President Obama at Camp David on Saturday found themselves agreeing that some things must be done, and soon, to turn Europe's imploding financial condition around, lest that another historic and global deep recession ensues ( Read more... )

CNBC:

Sunday April 29th, 2012

Every once and awhile I'll be listening to a podcast with one or the other writers specializing on the subject of Peak Oil or collapse and the subject of timetables will come up. When will the collapse finally be here, the callers ask insistently, almost pleadingly, so that they can finally justify their investments in freeze ( Read more... )

Click to view

The caretaker Dutch Prime Minister is still desperate to push through budget cuts and has called on lawmakers to help him. The government collapsed on Monday when Mark Rutter resigned, as it failed to agree on painful measures demanded by Brussels. The political crisis has already been described as a revolt against enforced EU austerity. UK-based ( Read more... )