Geography Archives: Ireland

  • You Can’t Eat a Collateralized Debt Obligation: Why Money Doesn’t Make the World Go Round

    The global financial crisis that began in 2007 was clearly about money, credit, and finance.  For mainstream economists and politicians — from neoliberals like John B. Taylor at Stanford and Tony Abbott, through pragmatists like Barack Obama and Australian prime minister Kevin Rudd, to Keynesians and social democrats like Paul Krugman at Princeton and John […]

  • The Fine Old English Gentleman

      The Fine Old English Gentleman New Version (To be said or sung at all Conservative Dinners) I’ll sing you a new ballad, and I’ll warrant it first-rate, Of the days of that old gentleman who had that old estate; When they spent the public money at a bountiful old rate On ev’ry mistress, pimp, […]

  • Denis Halliday Urges Irish-Americans to Defend the Rachel Corrie

    Former UN Assistant Secretary General Denis Halliday said it was imperative that the Obama administration supported Ireland’s call on the Israeli authorities to ensure safe passage for the Irish-flagged Rachel Corrie to carry humanitarian aid to Gaza, the Irish Times reports.  Speaking by satellite phone from on board the Rachel Corrie, Halliday called on Irish-Americans […]

  • Protest Israeli Murders of Freedom Flotilla Activists

    International Solidarity Movement 31 May 2010, Free Gaza Movement Israel Murders at Least 10 Unarmed Civilians on Aid Flotilla to Gaza, Dozens Injured (Cyprus, June 1, 2010, 6:30AM local) — Under darkness of night, Israeli commandos from at least 14 warships and military helicopters boarded the Turkish passenger ship, Mavi Marmara, and began shooting.  According […]

  • No Justice, No Euro!

    The current turmoil in financial markets around the world is another illustration of the damage that can be done by a bloated and politically powerful financial sector, combined with finance ministers and central bankers who identify with this sector and have their own right-wing policy agenda. Welcome to Europe, which has become the epicenter of […]

  • Indonesia: An Unfinished Nation

      Max Lane, Unfinished Nation: Indonesia before and after Suharto, Verso, 2008. There was a time when everyone seemed to be talking about Indonesia.  Well, they were talking about it on Joe Duffy and Pat Kenny at least, and that’s as near as makes no difference in this country.  As East Timor voted to extricate […]

  • The US-Russia START Treaty: Just What Does “Arms Control” Really Mean?

    There’s a funny if intimidating gun-nut bumper sticker you may have seen on the road: “gun control means using both hands.”  It’s clever, invoking and mocking gun control at the same time. This last week the United States government, by its actions, formally adopted this bumper sticker as its de-facto nuclear weapons and arms control […]

  • Market Irrationality in the Eurozone

    Markets can be irrational, as Keynes famously pointed out, and the Eurozone/Greek crisis is a classic example.  “The markets” for months have been demanding more blood from Greece, as the financial press has continuously and often unquestioningly reported: more commitment to spending cuts, tax increases, and “procyclical” policies that the bondholders, EU authorities, and the […]

  • The European Union’s Dangerous Game

    Perhaps the wild swings in financial and stock markets over the last week will make people give closer scrutiny to what is going on in Europe, which would be a good thing for the world.  According to most news reporting, markets are worried about a potential default by Greece on its sovereign debt, and the […]

  • Venezuela Is Not Greece

    With Venezuela’s economy having contracted last year (as did the vast majority of economies in the Western Hemisphere), the economy suffering from electricity shortages, and the value of domestic currency having recently fallen sharply in the parallel market, stories of Venezuela’s economic ruin are again making headlines. The Washington Post, in a news article that […]

  • The Mural Speaks

    The Rachel Corrie Foundation andBreak the Silence Mural Project co‐presentThe Mural Speaks Come celebrate the completion of this dynamic, interactive mural at a free event at 6:00 p.m., Saturday, May 8 at the Labor Temple building, corner of State and Capitol, downtown Olympia.  The Mural Speaks event is more than a mural commemoration; it’s a […]

  • Class Struggles and National Debts

    The political conflicts and street battles in Greece today foretell what is coming to many countries including the US.  The struggles are basically over what the government spends on and who pays the taxes.  In today’s class-divided societies, classes differ over what governments should do and who should pay the taxes.  Governments in such societies […]

  • The Greeks and Angela Merkel

    Pity poor Angela!  The rock is Greece and its economic woes.  The hard place is North Rhine-Westphalia, where an extremely crucial election is due on May 9th — very soon but not soon enough!  And Chancellor Merkel is caught directly in the middle! Europe and the world have been waiting for Germany to commit itself […]

  • Greece: Who Needs “Success Estonian Style”?

    As I have noted previously, Latvia has experienced the worst two-year economic downturn on record, losing more than 25 percent of GDP.  It is projected to shrink further during the first half of this year, before beginning a slow recovery, in which the International Monetary Fund (IMF) projects that it will not reach even its […]

  • Greece, Again: Demystifying “National Debt”

    Yet again, business leaders, politicians, academics, and media are blowing smoke around Greece’s efforts to cope with “national debt” problems.  Something far more important for the world than this small country’s financial travails is at stake.  Indeed, what is at stake affects us all.  What is happening in Greece parallels developments everywhere; only details and […]

  • Reason, Faith, and Revolution

    Christianity Fair and Foul The Limits of Liberalism Faith and Reason Culture and Barbarism . . . Why are the most unlikely people, including myself, suddenly talking about God?  Who would have expected theology to rear its head once more in the technocratic twenty-first century, almost as surprisingly as some mass revival of Zoroastrianism or […]

  • Cuban Prisoners, Here and There

    For more than half a century Western political leaders and their corporate media have waged a disinformation war against socialist Cuba. Nor is there any sign that they are easing up. A recent example is the case of Orlando Zapata Tamayo, an inmate who died in a Cuban prison in February 2010 after an 82-day hunger strike.

  • PIIGS Countries, Being Led to the Slaughter, Should Rethink Euro

    As the EU summit meeting convenes, Greece is dominating the agenda much more than Germany’s Chancellor Angela Merkel had wanted.  This week she has thrown cold water on the idea that Germany and other EU countries would take responsibility for helping Greece to roll over some of its debt, handing that job off to the […]

  • On the Greek Crisis

      Jayati Ghosh: What’s happening to Greece is in an interesting way what many developing countries have gone through.  It’s really an inability to have independent monetary and fiscal policies, combined with a fact that during the boom it was chosen as a favorite destination, which creates a situation where you then become uncompetitive.  Suddenly […]

  • The Greek Tragedy and the European Crisis, Made in Germany

    It is sad and surprising that among the deluge of comments and letters on Greece in the European papers in the last few weeks, not one has gotten the most crucial point about the crisis.  Most commentators treat Greece’s domestic problems and those of other southern members of the European Monetary Union (EMU) as if […]