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With Impeccable Timing, ‘Economic Miracle’ in Spain Unravels

Since the granddaddy of all housing bubbles popped in Spain between 2008 and 2009, unleashing one of the deepest recessions in living memory, the nation’s public debt has more than doubled, from just over 40% of GDP to almost exactly 100% today. Last year, despite the fact that Spain grew faster than almost any other European economy, the government managed …

water crisis

Sherwood Ross – The Water Crisis is Here

From Brazil to India and from California to Detroit, taps are running dry, as the water crisis goes global. Detroit grabbed headlines when the city cancelled the water and sewerage service for more than 50,000 residents for lack of payment. But Detroit’s trials are not unique. “Caught between unaffordable rising water rates and the imposition of European-wide austerity measures, thousands …