Chart: ‘America’s Debt Worse Than Greece’

Thanks to the office of Senator Jeff Sessions (R-Ala), ranking member on the Senate Budget Committee, sends along this shocking chart, showing that ‘America’s Per Capita Government Debt is Worse off Than Greece,’ as well as Ireland, Italy, France, Portugal, and Spain: Under Obama’s new budget plan, the gross Federal debt alone would reach $75,000 […]

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Why Greece’s Fate Is So Important

We need to follow Greece because their default and withdrawal from the eurozone would set off major consequences to the European Monetary Union, and thus the EU, that are unforeseeable. A default would impact Greek banks who are major lenders to the government, as well as major German, French, and Belgian banks. These defaults would […]

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Eurozone

Eurozone: A Bad Situation Getting Worse

At this point in the Eurozone crisis, the only responsible thing for European leaders to do is to develop contingency plans that will minimize the economic fallout in Europe when—not if—Greece defaults. Economic figures released today for the fourth quarter of 2011 paint a bleak picture for the already embattled Eurozone. Italy and the Netherlands, […]

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The 1915 Armenian and Assyrian Genocides: Inconvenient Precedents for the Arab Spring Revolutions

The 1915 Armenian and Assyrian Genocides: Inconvenient Precedents for the Arab Spring Revolutions   …by Ranbir Singh     It was in a speech of 22 August 1939 that Hitler urged his volk to slaughter without mercy men, women and children of the inferior Slavic race as he planned to invade Poland. He ended this […]

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The Greek Crisis Resurfaces

The batch of downgrades on European credit, delivered over the weekend by Standard Poor’s ratings agency, prompted angry threats that Europe would have to create its own ratings agencies to bypass the American ratings agencies. The downgrades made yesterday’s credit and recovery plan calculations obsolete by increasing the cost of borrowing for nine European countries. […]

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