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Protesters in Cyprus theglobalmovement

Cyprus Deal Is Good for the Euro Zone for Now

The government of Cyprus has cut a deal with the International Monetary Fund, the European Commission, and the European Central Bank to “rescue” it from a potential banking collapse that could have had ripple effects throughout the Euro zone.

Replacing … More…

Cyprus Crisis Likely Won’t Spread, but Has Big Implications

The tiny Mediterranean nation of Cyprus is in suspended animation.  The island whose population of 1.1 million is comprised three-quarters of residents of Greek origin, while the rest are of Turkish heritage (and who fought each other for years) is … More…

Dick Cheney on Showtime (540×405)

A Decade after the Iraq War Began, the Toll Is Steep

Ten years ago this week, the US and the UK and the “coalition of the willing” launched massive air attacks and a ground invasion of Iraq, which led to the overthrow of dictator Saddam Hussein.

That was the easy part. … More…

President Obama and George Stephanopoulos (540×405)

Obama Says No Debt Crisis and Maybe No Budget Deal

In a timely, revealing interview with ABC News’ George Stephanopoulos, President Obama made two striking admissions.

First, he said we were not in a serious debt crisis. And then, he indicated that the differences between him and Republicans on the … More…

Patty Murray speaks at VOAWW in 2010

Democrats’ Delusions Fill Their New Budget Plan

Finally, finally Senate Democrats will unveil a budget proposal Wednesday—for the first time since 2009—as Senate Budget Committee chair Patty Murray (D-Wash.) gives her party’s answer to her House counterpart Paul Ryan, who presented his own proposal Tuesday.

Congratulations to … More…

Paul Ryan’s “New” Budget Is Just Red Meat for the GOP Base

Paul Ryan’s “New” Budget Is Just Red Meat for the GOP Base

House Budget Committee chairman Paul Ryan (R-Wisc.) unveiled his latest budget plan Tuesday, and those who hoped it might spark bipartisan dialogue about fixing the nation’s debt problem will be disappointed.

While packaging itself as an ambitious effort to balance … More…

Eric Holder testifies before Congress (540×405)

It’s Official: Big Banks Are Above the Law

On Wednesday, Attorney General Eric Holder made a huge admission that goes a long way towards explaining why executives of the big banks that caused the financial crisis have gone scot-free from prosecution.

Here’s what he said in a Congressional … More…

Joe Scarborough and Paul Krugman on Charlie Rose (540×405)

What Krugman and Scarborough Missed in Their Debate

Nobel Prize-winning economist Paul Krugman and Morning Joe host Joe Scarborough sparred again during an extended debate on the Charlie Rose Show Monday night.

I think Scarborough won. He was clearly prepared while Krugman, who suffers “fools” badly, pretty much … More…

President Obama speaks about the sequester (640×480)

A Truce or a Stalemate on the Budget?

Automatic spending cuts—the dreaded “sequester” —went into effect Friday and  asteroids did not crash into the Capitol building, nor did the  Jefferson Memorial  slide into the Tidal Basin.

Both Republicans and Democrats have warned of the dire consequences if … More…

President Obama meets Congressional leaders briefly at Capitol Pete Souza (540×360)

The Game of Chicken on the Sequester

No talks are scheduled on the so-called sequester—the $85 billion in automatic spending cuts that go into effect Friday night—until deadline day, when Congressional leaders gather at the White House for a ceremonial meeting nobody thinks will accomplish anything.

They … More…