The legitimacy of a given social order rests on the legitimacy of its debts. Even in ancient times this was so. In traditional cultures, debt…
International Monetary Fund
Earlier in August, Ukraine managed to avoid a technical default by paying off its $120 million eurobond coupon. The next payment, $500 million, is due to be made in September. "Creditors…
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.…
hock of all shocks, the IMF announced the Chinese yuan will not be admitted into the SDR until at least Sept. 2016. What exactly does…
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,…
Dr. Richard Smith is an historian specializing in China and its transition to capitalism, and on economics, environmental and ecological issues. He received his doctorate…
Dr. Richard Smith is an historian specializing in China and its transition to capitalism, and on economics, environmental and ecological issues. He received his doctorate…
Debt: The Creation of A Global Crisis The forced, politically engineered bankruptcy of the City of Detroit has been an ongoing discussion on Leid Stories…
Carolyn and Mark Matousek discuss his work with helping people transform through telling the truth about their own personal stories. [embed]http://lifeboathour.podbean.com/mf/web/td2zgq/LifeboatHour_073115.mp3[/embed] Download this episode (right…
Puerto Rico’s governor may have said the commonwealth’s debt is unpayable, but that doesn’t mean Puerto Ricans aren’t going to pay for it. Vulture capitalists…
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…
In 2010 the Greek state lost the capacity to service its debt. Put simply, it became insolvent and thus lost access to capital markets. To…