Kostas Tzioumakas Constantinos Polychronopoulos 2015 I made a new best friend this week. Constantinos Polychronopoulos, Kostas for short, is an inspirational man. And a dynamo and magnet all in one at the same time. He’s a source for hope and change and dignity for literally countless people around him in the city of Athens. Kostas’ story goes a bit like this, as far as I have been able to gather (he speaks two words of English, but when I went
Read More...
Jack Delano Mother of three, wiper at the roundhouse. Chicago & North Western R.R.” 1943 • Greece Needs $83 Billion in Fresh Funding (WSJ) • Several Eurozone Parliaments To Vote On New Greek Debt Deal (AFP) • Crippled Greece Yields To Overwhelming Power As Deal Looms (AEP) • Greeks Wonder Whether Tsipras Folded or Restored Dignity (NY Times) • OXI-Dation: Has Greece Missed Its Chance To Create A Healthier Europe? (Evel) • Half-Century of European Integration at Stake in Greece
Read More...
Wynand Stanley Ice-packed Buick motor stunt, San Francisco 1922 • Stock Slide Ruins China’s Illusion of Control (Bloomberg) • Greece Seeks €53.5 Billion Bailout in Effort to Keep Euro (Bloomberg) • France Intercedes on Greece’s Behalf to Try to Hold Eurozone Together (WSJ) • The Big Achievement Of Tsipras’s Proposal Is To Sow Division (Münchau) • Galbraith: Greek Revolt Against Bad Economics Threatens EU Elites (Parramore) • The US Must Save Greece (Joe Stiglitz) • Greece Presents €2 Billion Russian
Read More...
Unknown Petersburg, Virginia. Group of Company B, U.S. Engineer Battalion 1864 I was going to write up on the uselessness of Angela Merkel, given that she said on this week that “giving in to Greece could ‘blow apart’ the euro”, and it’s the 180º other way around; it’s the consistent refusal to allow any leniency towards the Greeks that is blowing the currency union to smithereens. Merkel’s been such an abject failure, the fullblown lack of leadership, the addiction to
Read More...
Harris&Ewing US Navy Yard, Washington. Sight shop, big gun section 1917 • How the NYSE Big Board Went Dark (Bloomberg) • Why Beijing’s Efforts Have Failed to Tame China’s Stock Market (WSJ) • Who Blew Up China’s Stock Bubble? (Bloomberg) • China’s Stock Market Crash Is Just Beginning (MarketWatch) • Global Fallout From China Stock Market Crash May Be Coming Your Way (Quartz) • China Turmoil Grows: 10% Renminbi Drop Predicted (CNBC) • Steel In China ‘Cheaper Per Tonne Than
Read More...
G. G. Bain On beach near Casino, Asbury Park 1911 Found myself talking to very lovely and very young Melanie from Ottawa, on a solo world tour, last evening in a bar in the Plaka district of Athens. And as I was telling her about what I do, and why, I noticed it was very hard to explain to her what exactly is happening to the Greek health care system. Being from Canada, which has ‘universal’ health care, along the
Read More...
G. G. Bain Asbury Park, Jersey Shore 1914 • Greece Files Formal Request For Eurozone Loan (Reuters) • Why Greece May Have Already Won (CNN) • [Chinese] People Are Selling Everything In Sight To Get Their Hands On Cash (BBG) • China Stocks Hit Four-Month Lows On Panic Selling (Reuters) • China Tries Japan’s Approach to a Stock Bubble (Pesek) • Greece Debacle Is Only A ‘Minor Rehearsal’ For Coming Crash: Hague (DM) • Greece ‘A Sideshow To China Meltdown’
Read More...
DPC Main Street, Buffalo, NY 1900 • ECB Turns The Screws On Greek Banks (Kathimerini) • Greece Should Immediately Begin To Print Drachma (Martin Armstrong) • Giving In To Greece Could ‘Blow Apart’ The Euro, Warns Merkel (DM) • Merkel Warns Greece Time Is Running Out to Save Place in Euro (Bloomberg) • Be Bold, Frau Merkel (Philippe Legrain) • Europe: The Paradox Of The Superego (New Statesman) • Yanis Varoufakis: The Economist Who Wouldn’t Play Politics (Paul Mason) •
Read More...
DPC ‘On the beach, Palm Beach’ 1905 • Minister No More! (Yanis Varoufakis) • Our NO Is A Majestic, Big YES To A Democratic, Rational Europe! (Varoufakis) • Yanis Varoufakis: Why Bold, Brash Greek Finance Minister Had To Go (Guardian) • Discussing Syriza’s Stunning Victory On The BBC (Steve Keen) • Defiant Greeks Reject EU Demands As Syriza Readies IOU Currency (AEP) • Yanis Varoufakis: Greece’s ‘Erratic Marxist’ (AFP) • What Are the Geostrategic Implications of a Grexit? (Foreign Policy)
Read More...
Dorothea Lange ‘A season’s work in the beans’, Marion County, Oregon 1939 Now that Yanis Varoufakis has resigned, in the kind of unique fashion and timing that shows us who the real men are, it’s time to clear the other side of the table as well. The new finance minister, Euclid Tsakalotos, should not have to face the same faces that led to Europe’s painful defeat in yesterday’s Greek referendum. That would be an utter disgrace, and the EU would
Read More...