We’ve Dug a Pretty Damn Big Hole for Ourselves
The diminishing returns of technology are insidious, and they are ever with us. By this I mean the slow erosion of the quality of life, despite the impression that technological
Cyprus Bank Heist: A True Game-Changer
This weekend on 3/16/13, under pressure from IMF bankers and a push from German politicians, a Cyprus bailout deal was approved that would take the bulk of the bailout fund
Why Our Current Way of Living Has No Future
All of the sordid and spellbinding rackets working their hoodoo on the financial scene have obscured a whole other dimension of the fiasco that America finds itself in, namely the
Janet Tavakoli: Understanding Derivatives and Their Risks
Global financial markets are awash in hundreds of trillions of dollars worth of derivatives. By some estimates, the total amount exceeds one quadrillion. Derivatives played a central role in the
The Growing Pressures Likely to Blow the Eurozone Apart
There was yet another European Union summit at the end of June, which (like all the others) was little more than bluff. Read the official communiqué and you will discover
