Based on every meaningful investigation into the epic financial crash of 2008 that resulted in the worst economic crisis in the U.S. since the Great Depression, derivatives that were concentrated at Wall Street’s largest banks played a central role in the crisis. And yet, 11 years later, neither Federal regulators nor Congress have meaningfully reined […]
France’s Macron Warns Europe of a Return to 1930s…
French President Emmanuel Macron has warned Europe of a return to the 1930s because of the spread of a nationalist “leprosy” across the continent, in a newspaper interview. He also warned that Europe risked losing its sovereignty if it is “pushed around by foreign powers.” “I am struck by similarities between the times we live […]
Brazil’s Corruption Fallout…
Corruption probes that began in 2014 have reached the highest levels of the Brazilian government and corporate elite, implicating President Michel Temer, former presidents, and dozens of cabinet officials and senators. Operacao Lava Jato (Operation Car Wash) and overlapping investigations have led to prison sentences for top executives and politicians, mass layoffs, and billions of […]
Yanis Varoufakis: ‘EU is particularly good at doing a terrible job’…
Former Greek Finance Minister Yanis Varoufakis has described the measures taken by the EU to settle the economic crisis in Greece as a “terrible job.” The comment comes as Greece agrees to new reforms that are set to help the country qualify for cheaper loans. “Isn’t it yet another piece of evidence that the European […]