John M. Fox WCBS studios, 49 East 52nd Street, NYC 1948 It’s really not that hard. It’s even elegantly simple. But that still requires you’re willing to listen, willing to think, and you don’t go into talks with your mind already made up. Obviously, that is too much to ask from the Eurogroup side of the negotiations with Greece. They haven’t been able to move one inch from their ‘Do as we say or else’ bluster. German Fin Min Schäuble
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DPC “Steamer loading grain from floating elevator, New Orleans 1906 • The USA – All Systems Go? (Steve Keen) • ‘China Must Guarantee Minimum 6.5% Annual GDP Growth In 5 Year Plan’ (Reuters) • Greece And Ukraine Are The Hot Spots Of A New War For Supremacy (Salon) • The Great War of the American Empire or Great War II (Michael S. Rozeff) • Greece Sticks To No-Austerity Pledge (Reuters) • Austerity Is ‘Complete Horsesh*t’ (Alternet) • Greek Postwar Alliances
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DPC Madison Street east from Fifth Avenue, Chicago Sep 1 1900 • ‘Finance Is The New Warfare’ Michael Hudson: Has the IMF Annexed Ukraine? (NC) • Ron Paul: ‘Get NATO, Foreign Countries Out Of Ukraine To End Civil War’ (RT) • In Ukraine, The New World Disorder Enters Europe (Observer) • Contrarian US Bond Manager Braces For Big Ukraine Losses (FT) • The War Next Door: Can Merkel’s Diplomacy Save Europe? (Spiegel) • Russia Shrugs Off US Envoy’s ‘Evidence’ Of
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Harris&Ewing National Capital digs out after storm Jan 14 1939 I’ve addressed the issue a hundred times, and it pains me to see it only gets worse. But it does. And it’s not my pain that counts, it has no meaning whatsoever, it’s the fact that we are inching ever closer to the kind of situations none of us would choose. That is, war, people dying from sheer misery, people dying because they have no access to the services we
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William Henry Jackson Camp wagon on a Texas roundup 1901 • Nuclear Specter Redux: ‘Threat of War Is Higher than in the Cold War’ (Spiegel) • Ukraine Right Sector Leader Rejects Peace Deal, Vows ‘To Continue War’ (RT) • Yes, Yellen Can Have It All as She Gets Ready to Raise Rates (Bloomberg) • One Hundred Years of Austerity (Bloomberg) • Greek Government Doesn’t Hold Out Much Hope For A Deal On Monday (Kathimerini) • Hopes Of Greek Debt Deal
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John M. Fox Garcia Grande newsstand, New York 1946 • $9 Trillion Question: How Will The World Deal With A Fed Rate Rise? (Bloomberg) • One Big Fear With A Strong Dollar: A Stock Market Bubble (MarketWatch) • Another Disappointing US Retail Sales Report (Bloomberg) • Iceland: We Jail Our Bad Bankers And You Can Too (Reuters) • Greece Is Simply ‘Too Big To Fail’ (CNBC) • European Central Bank Throws Greece Lifeline Before Eurozone Talks (Guardian) • ‘Grexit’ Would
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Dorothea Lange Water supply in squatter camp near Calipatria CA 1937 It was already present over the past two weeks, for example in Yanis Varoufakis’ meetings with Eurogroup head Jeroen Dijsselbloem and German FinMin Schäuble, awkwardly obvious in facial expressions and body language. A touch of personal discomfort. A touch of a threat that required chest-thumping and hubris to be brushed off. ‘You better do what we say or else’. Back then, perhaps it was still experienced from a political,
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Byron In Chinatown, Pell Street, New York 1900 • Eurogroup Fails to Agree to Next Greek Bailout Steps (Bloomberg) • Rejected Eurogroup Draft Spoke Of “Extending” Greek Bailout (Reuters) • Greece And Eurozone In Stalemate Over Debt Burden (Guardian) • Greece Said to Offer Euro Area Four Principles for Talks (Bloomberg) • Germany Faces Impossible Choice As Greek Austerity Revolt Spreads (AEP) • Eurozone Leaders Believe Syriza Must Fail And Be Seen To Fail (Telegraph) • If The Greek Olive
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John M. Fox WCBS studios, 49 East 52nd Street, NYC 1948 • Truth to Power: This Man Will Never Be Invited Back On CNBC (Zero Hedge) • Nobody Understands Debt – Including Paul Krugman (Steve Keen) • Cornered Greeks Brace For Confrontation (BBC) • Greek PM Tsipras Wins Confidence Vote Before Talks With Creditors (NY Times) • Greece’s Last Minute Offer To Brussels Changes Absolutely Nothing (AEP) • Europe’s Greek Showdown: The Sum Of All Statist Errors (David Stockman) •
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Dorothea Lange American River camp, Sacramento, CA. Destitute family. 1936 I don’t know about you, but I’m having a ball reading up on the preparations for the Wednesday/Thursday talks between Greece and .. well, everybody else. German FinMin Schäuble proudly declares that it’s do what I tell you or you’re finished, Greek FinMin Varoufakis says prepare for a clash. Greek advisors Lazard say a $100 billion debt reduction sounds reasonable, and some anonymous EU official says Lazard are incompetent and
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