Americas justice system abolished debtors prison in the 1800’s, but their recent actions lead us to question the legality of the establishment. Americans are clueless to the fact that all across this country the private sector is now arresting...
Greece’s finance minister Yanis Varoufakis has spelled out the negotiating strategy of the Syriza government with crystal clarity. “Exit from the euro does not even enter into our plans, quite simply because the euro is fragile. It is like a...
Nunavut is the edge of the world in a lot of ways — it’s the farthest-north part of Canada, a broken-up spray of frozen land coming off the top of the country like a very icy mohawk. In terms...
So it begins. Greece is the start of the economic downturn, sending signals all across the board. With the world on the brink during the Greece crisis, and Puerto Rico a US version of the Greece crisis, then such...
The United States could soon become a large-scale Spain or Greece, teetering on the edge of financial ruin. That’s according to Donald Trump, who painted a very ugly picture of where this country is headed. Trump made the comments during...
FRANKFURT, Germany (AP) — Greece wants a break from the terms of its eurozone bailout loans, saying they're suffocating its economy. Germany, the biggest backer of two bailouts worth 240 billion euros (currently $271 billion), says Athens must pay what...
WASHINGTON, Feb 2 (Reuters) - President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by higher taxes...
You know things are bad in the ship-building business when... amid considerably larger than expected losses, China's COSCO announced that it has dis-assembled 8 vessels in January alone (including 3 bulk carriers) and will be decommissioning and disposing of...
A note arrived a few days ago from one of my best informants in Europe. He had just met across a hotel dining table with a senior German executive, and the topic quickly turned to the crisis in Ukraine...
It's been an odd few days for Greece's new PM Alexis Tsipras. From being lambasted by Jeroen Dijsselbloem, shunned by Angela Merkel's henchmen, holding hands with Jean-Claude Juncker, and losing a key funding channel from Mario Draghi; Tsipras' anti-austerity...
Greek brinkmanship will be a familiar theme in the U.S. markets next week after the embattled country failed to convince its creditors over the weekend for an extension on its rescue package. Finance Minister Yanis Varoufakis made the request, during...
One week ago, when previewing what may be the first lockout of the West Coast Ports since 2002, we cited the Retail Industry Leaders Association who, realizing that failure to reach an agreement between the dockworker union and their...