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Nadia Prupis – Post-9/11 Wars Have Cost Nearly $5 Trillion (and Counting): Reportc

The U.S. military interventions in Iraq and Afghanistan have cost taxpayers nearly $5 trillion and counting, according to a new report released to coincide with the 15th anniversary of the attacks. Dr. Neta Crawford, professor of political science at Brown University, released the figures in an independent analysis(pdf) of U.S. Departments of Defense, State, Homeland Security, and Veteran Affairs spending, as …

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Andrea Germanos – Stiglitz Blasts ‘Outrageous’ TPP as Obama Campaigns for Corporate-Friendly Deal

Nobel Prize-winning economist Joseph Stiglitz has reiterated his opposition to the Trans Pacific Partnership (TPP), saying on Tuesday that President Barack Obama’s push to get the trade deal passed during the upcoming lame-duck session of Congress is “outrageous” and “absolutely wrong.” Stiglitz, an economics professor at Columbia University and chief economist of the Roosevelt Institute, made the comments on CNN‘s …

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Will Martin – Joseph Stiglitz: ‘Neoliberalism Is Dead’

oseph Stiglitz, the Nobel Prize-winning economist and former adviser to US President Bill Clinton, says the consensus surrounding neoliberal economic thought has come to an end. Speaking with Business Insider after the launch of his latest book, “The Euro: How A Common Currency Threatens the Future of Europe” — which argues that the fundamental flaws with the euro and the broader …

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China Not Facing ‘Cataclysmic’ Economic Slow Down, Says Stiglitz

China isn’t facing a “cataclysmic” economic slowdown and last week’s market turmoil was more about badly designed stock market circuit breakers, said Nobel-prize-winning economist Joseph Stiglitz. The circuit breakers, which caused local exchanges to close early on two days last week after stocks plunged to a 7 percent limit, weren’t as well designed as they could be, Stiglitz, a professor …

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Joseph Stiglitz – The Great Malaise Continues

NEW YORK – The year 2015 was a hard one all around. Brazil fell into recession. China’s economy experienced its first serious bumps after almost four decades of breakneck growth. The eurozone managed to avoid a meltdown over Greece, but its near-stagnation has continued, contributing to what surely will be viewed as a lost decade. For the United States, 2015 …

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Carla Stea – The U.S. versus the World, A Majority of One, A Minority of 192 UN General Assembly Resolutions. “Put Your Vote Where Your Rhetoric Is”

For decades, and again this year, the United States votes “no” on most United Nations General Assembly resolutions supporting meaningful disarmament and economic justice.  In fact, it has a consistent record of votes contradicting its professed rhetoric of concern for peace and human rights, as the UN General Assembly votes to adopt resolutions crafted to address the urgent need for …

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Jake Anderson – US Military Uses IMF and World Bank to Launder 85% of Its Black Budget

Though transparency was a cause he championed when campaigning for the presidency, President Obama has largely avoided making certain defense costs known to the public. However, when it comes to military appropriations for government spy agencies, we know from Freedom of Information Act requests that the so-called “black budget” is an increasingly massive expenditure subsidized by American taxpayers. The CIA …

Germany Showing ‘Lack of Solidarity’ Over Greece: Stiglitz

Nobel-prize winning economist Joseph Stiglitz, seen on May 12, 2015 in Washington, DC, accused Germany of displaying a “lack of solidarity” with debt-laden Greece that has badly undermined the vision of Europe. (AFP/file) Prominent economist and Nobel laureate Joseph Stiglitz accused Germany on Sunday of displaying a “lack of solidarity” with debt-laden Greece that has badly undermined the vision of …

EuroZone Profiteers: How German and French Banks Helped Bankrupt Greece – Pratap Chatterjee

Alexis Tsipras, the prime minister of Greece, has called a national referendum this Sunday to call the bluff of the European Union and International Monetary Fund who are trying to force his country to accept severe austerity in return for effectively rolling over much of the countries’ debt. Today Greece owes its creditors €323 billion ($366 billion), some 175 percent of the country’s …

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How Trade Agreements Amount to a Secret Corporate Takeover – Joseph Stiglitz

The United States and the world are engaged in a great debate about new trade agreements. Such pacts used to be called “free-trade agreements”; in fact, they were managed trade agreements, tailored to corporate interests, largely in the US and the European Union. Today, such deals are more often referred to as “partnerships,”as in the Trans-Pacific Partnership (TPP). But they are not partnerships of …