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Les Leopold – Is Hillary Clinton Running Away From Political Reality?

Team Hillary should be extremely worried. It’s not just that she has suffered landslide losses in the past five caucus states. It’s that she’s overwhelmingly lost the youth vote of all colors, everywhere, and she’ll never get it back. As this new Wisconsin poll shows: Sanders leads Clinton 49% to 43%. Sanders leads among all African-Americans 51% to 40%. Sanders leads …

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Lauren McCauley – Greece for Sale: First Wave of Privatization Begins with Airport Buyout

Germany’s approval of Greece’s third bailout of €86 billion on Wednesday marked what critics of austerity warn is a new phase in the ongoing economic crisis: the privatization of the country’s most valuable assets. Under the terms of this latest agreement, Greece’s Syriza government—backtracking on some of its key campaign promises—agreed to sell-off €50 billion in state property. In a …

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Deirdre Fulton – After Contentious All-Nighter, Greece Bailout Approval Spurs Rebellion

In a development spurring calls for a new “anti-bailout movement,” the Greek Parliament early Friday approved a controversial €85 billion financial rescue package—the country’s third such bailout from foreign creditors in five years, and one that will require the Greek people to endure further cuts and austerity. “After more than seven hours of often passionate, bad-tempered debate, all through the …

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Walden Bello – Europe’s Big Banks Are Fueling the Continent’s Far-Right Fascists

For a moment this summer, it appeared that Greece had cornered its creditors. In a hotly contested vote in which their European neighbors openly intervened, Greeks overwhelmingly voted to reject more austerity. In a controversial turnaround, however, Greek Prime Minister Alexis Tsipras then submitted to the demands of eurozone leaders for more austerity measures in return for a bailout loan …

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Robert Reich – The Revolt Against the Ruling Class

“He can’t possibly win the nomination,” is the phrase heard most often when Washington insiders mention either Donald Trump or Bernie Sanders. Yet as enthusiasm for the bombastic billionaire and the socialist senior continues to build within each party, the political establishment is mystified. Political insiders don’t see that the biggest political phenomenon in America today is a revolt against the …

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Sydney Morning Herald – Why Italy is the most likely country to leave the euro

What do you call a country that has grown 4.6 per cent – in total – since it joined the euro 16 years ago? Well, probably the one most likely to leave the common currency. Or Italy, for short. It’s hard to say what went wrong with Italy, because nothing ever went right. It grew 4 per cent its first year …

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GOVERNMENT USING SUBPRIME MORTGAGES TO PUMP HOUSING RECOVERY – TAXPAYERS WILL PAY AGAIN

It seems hard to believe, but your government is purposely recreating the mortgage debacle of 2007 and putting you on the hook for the billions in losses coming down the road. In their frantic effort to generate the appearance of economic recovery they are willing to gamble with taxpayer’s money while luring unsuspecting blue collar folks into buying houses they …

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Top Ten Arguments for Raising the Minimum Wage

One.   Seven Nobel Laureates in Economics Endorse the higher minimum wage to $10.10 by 2016, saying it does not lead to lower fewer jobs. Two.   Job losses from raising the minimum wage are negligible. Minimum wage has already been raised 23 times. Every time it was raised it was opposed by some few who said “it is going to lose jobs and …