Russia Will Only Get Worse. Maybe.

Putin is on the horns of a dilemna. For the first time since the dismantling of the Soviet Union, Russia faces a severe economic crisis – after enjoying years of relative prosperity – and she has a warmongering chief executive. This is a nexus of events that will shape and define Russia for at [...]

Pentagon Plan Would Help Ukraine Target Rebel Missiles

New York Times, By David E. Sanger & Eric Schmitt, July 26

The Pentagon and American intelligence agencies are developing plans that would enable the Obama administration to provide specific locations of surface-to-air missiles controlled by Russian-backed separatists in eastern Ukraine so the Ukrainian government could target them for destruction, American officials said.

But the [...]

Hey, Remember How VW Wanted to Open More Factories in the United States?

And remember how they supported unions, the (informed) workers supported unions, and hell, most of America wanted to see those plants opening up here because, jobs? And it was only a small handful of conservative morons who were all Socialism!!!!!, which of course neglects the fact that the same “socialism” was expanding production into [...]

Ikea funds went to Romanian secret police in communist era

Secret police files reveal six-figure payments to Ceausescu’s henchmen, as retailer denies knowingly paying Securitate.

The Guardian, By Matei Rosca, July 4

Bucharest – Romania’s brutal communist-era secret police received covert six-figure payments from Ikea as part of the Swedish group’s deals with a local furniture manufacturer in the 1980s, according to documents obtained by [...]

The Silence of American Hawks About Kiev’s Atrocities

The regime has repeatedly carried out artillery and air attacks on city centers, creating a humanitarian catastrophe—which is all but ignored by the US political-media establishment.

The Nation, By Stephen F. Cohen, June 30

For weeks, the US-backed regime in Kiev has been committing atrocities against its own citizens in southeastern Ukraine, regions heavily populated [...]

Belgian court rules that brothel can not be named after Dominique Strauss Kahn

AFP, June 30

Brussels – A Belgian court on Monday barred a renowned pimp from naming his latest venture “DSK”, the initials of disgraced former IMF chief Dominique Strauss Kahn who filed the suit.

The pimp, Dominique Alderweireld or “Dodo la Saumure”, is linked to sex parties attended by Strauss-Kahn and dubbed his latest brothel [...]

Ukraine’s humanitarian crisis worsens as tens of thousands flee combat in east

Appalling conditions force exodus from Slavyansk as daily shelling disrupts food supply.

The Guardian, By Alec Luhn, June 12

Slavyansk – Fighting between Ukrainian government troops and pro-Russian militia is fuelling a worsening humanitarian crisis in eastern Ukraine. Tens of thousands of people are fleeing combat, most of them from the rebel capital of Slavyansk, [...]

The nagging fear that QE itself may be causing deflation

The Telegraph, By Ambrose Evans-Pritchard, June 4

The way we are going, the whole world will end up with zero interest rates or some variant of quantitative easing before long. Such is the overwhelming power of deflation in countries with burst credit bubbles. Such too is the implication of a global savings rate that has [...]

Ukraine Pushes Back as Rebels Attack in the East

New York Times, By Sabrina Tavernise, June 3

Luhansk, Ukraine — Ukraine’s minister of internal affairs said Tuesday that the central government’s security forces had begun a new phase of the campaign against separatist fighters in the city of Slovyansk, destroying rebel checkpoints and equipment and engaging in firefights.

The minister, Arsen Avakov, said in [...]

Obama touts $1-billion plan to boost U.S. military presence in Europe

AP, By Nedra Pickler, June 3

Warsaw – The United States is preparing to boost its military presence in Europe and at a cost of up to $1-billion, President Barack Obama said Tuesday, as tensions in the region simmer over Russia’s aggressive actions in Ukraine.

Standing with Polish President Bronislaw Komorowski, Obama said the U.S. [...]

Spain’s King Juan Carlos I to abdicate

CNN, By Al Goodman and Jethro Mullen, June 2

Madrid – After nearly 40 years on the throne, King Juan Carlos I of Spain will be stepping down, he said Monday.

It is “time to hand over to a new generation — younger, with a lot of energy — that can, with determination, take on [...]

Saving Europe with MMT, or as goes Europe, goes the World…

Ian Welsh wrote, and we’ve commented, because while Ian provides penetrating analysis, there is no suggestion of solutions, for example those on which Marine Le Pen campaigns, which seem cogent: Restore the Franc, Restore Sovereignty, and Control Multiculturalism.

[...]

Ukraine holds presidential vote; rebels block polling stations in east

Al Jazeera, May 25

Only a fraction of voting stations in the east working, with pro-Russian rebels seizing stations, intimidating voters

Long lines snaked around polling stations in Kiev on Sunday for Ukraine’s critical presidential election, a stark contrast to the troubled east where heavily armed pro-Russian rebels intimidated voters by smashing ballot boxes and [...]

Eurosceptic ‘earthquake’ rocks EU elections

BBC, May 25

Eurosceptic and far-right parties have seized ground in elections to the European parliament, in what France’s PM called a “political earthquake”.

While the French National Front and UK Independence Party both appear headed for first place, the three big centrist blocs in parliament all lost seats.

The outcome means a greater say [...]

Return of the Oligarchs: Ukraine Poised to Elect ‘Chocolate King’ as President

Polls show Petro Poroshenko ahead of former prime minister Yulia Tymoshenko in Sunday’s election.

The Nation, By Alec Luhn, May 23

The Euromaidan protesters in Kiev who ousted former president Viktor Yanukovich sought an end to the corruption, selective justice and crony capitalism that had plagued the country since the fall of the Soviet Union.

[...]

Users