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Paul Craig Roberts – Good-Bye To Western Living Standards

My column, “Capitalism At Work,” about Greek women being forced into prostitution by banksters and the IMF produced a number of responses from women, who report that austerity is having the same effect all over Europe. This is from a letter from Portugal: “Your article ‘Capitalism At Work’ shows absolutely what’s happened here in Portugal. It is common for young …

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Helena Norberg-Hodge – Globalization and Terror

For people in the modern world, there may be nothing more difficult to comprehend than the group calling itself the Islamic State, or ISIS. The beheadings, rapes, and other acts of cruelty seem beyond understanding, as does the wanton destruction of priceless ancient monuments. Perhaps most mystifying of all is the way ISIS has been able to recruit young men …

G7

The European Union (EU): The New Byzantium or Declining Rome By Prof. Anis H. Bajrektarević

A freshly released IMF’s World Economic Outlook brings (yet again, for the seventh year in a row, and for the second time this year only) no comforting picture to anyone within the G-7, especially in the US and EU. Will the passionately US-pushed cross-Atlantic Free Trade Area save the day? Or, would that Pact-push drag the things over the edge …

EU Poverty

Poverty in Germany reaches a record high

“Poverty in Germany has not only reached a new record high, it has also threatened the country with disintegration into disparate regions.” Thus begins the annual poverty report of the German Federation of Welfare Associations. Although the economy has grown slightly and unemployment is relatively low, the poverty rate in Germany has increased; it has been rising almost continuously since …