Top Menu

Author Archive | Mark Weisbrot

Why the Euro Is Not Worth Saving

The Euro is crashing today to record lows against the Swiss Franc, and interest rates on Italian and Spanish bonds have hit record highs.  This latest episode in the Eurozone crisis is a result of fears that the contagion is now hitting Italy.  With a two-trillion dollar economy and $2.45 trillion in debt, Italy is […]

Continue Reading

When China Overtakes the United States

Various observers have noted this week that China’s economy will be bigger than that of the United States in 2016.  This comes from the International Monetary Fund’s (IMF’s) latest projections, which were made in its semi-annual April World Economic Outlook database.  Since 2016 is just a few years away, and it will be the first […]

Continue Reading

Haiti Resists US Pressure, Announces Aristide Can Return

It didn’t get much attention in the media, but U.S. Secretary of State Hillary Clinton did something quite surprising on Sunday.  After taping interviews on five big Sunday talk shows about Egypt, she then boarded a plane to Haiti.  Yes, Haiti.  The most impoverished country in the hemisphere, not exactly a “strategic ally” or a […]

Continue Reading

Aristide Should Be Allowed to Return to Haiti

Haiti’s infamous dictator “Baby Doc” Duvalier returned to his country this week, while the country’s first elected President, Jean-Bertrand Aristide, is kept out.  These two facts really say everything about Washington’s policy toward Haiti and our government’s respect for democracy in that country and in the region. Asked about the return of Duvalier, who had […]

Continue Reading