NPC “Witt-Will motor truck plant, 52 N Street N.E., Washington, DC” 1915 • Greece, Eurozone Close To A Deal Before Friday’s Eurogroup (Reuters) • Greece-Eurozone Positions Move Much Closer after Deputies’ Meeting (MNI) • Why Greece Won’t Ever Be Able to Pay Off Its Debts With Austerity (Bloomberg)
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Wyland Stanley Boeing 314 flying boat Honolulu Clipper. 1939 A few days before I arrived in Melbourne, The Automatic Earth’s Nicole Foss was one of the key speakers in The Great Debate, which this year took place on February 13. It’s sort of the main event in Melbourne’s annual Sustainable Living Festival, which in 2015 runs from February 7 to March 1. Apart from Nicole, other speakers included George Monbiot and David Holmgren. In an impressive ‘take no prisoners’ speech,
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DPC Snow removal – Ford tractor Washington, DC 1925 As Germany is set to reject a Greek loan extension request (and no, international press, that is not the same as an extension of the bailout program), Steve Keen uses proprietary numbers issued by the OECD – which is supposed to be on Germany’s side?! – to show how dramatically austerity has failed in Europe- that is, if the recovery of the Greek and Spanish economies was ever the real target.
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Russell Lee “Yreka, California, seat of a county rich in mineral deposits” 1942 • The US Will Have To Bail Out Greece (MarketWatch) • Greece – It’s a Revolution, Stupid! (Mathew D. Rose) • Germany Rejects Greece’s Application To Extend Its Loan Agreement (CNBC) • Europe and Greece Are at War Over Nothing (Bloomberg ed.) • How I Became An Erratic Marxist (Yanis Varoufakis) • For Greece And Many Others, Economic Reform Kills Economic Health (Steve Keen) • February 24
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DPC Engineer at his post, Michigan Central RR 1904 In Other News, I’m about to leave on a 30+ hour trip on planes, trains and automobiles that will, or so is the idea, take me to Melbourne where I will meet up with Nicole. That means in all likelihood there will be no Debt Rattle tomorrow, unless planes have upped their wi-fi systems when I wasn’t looking. Nicole and I are still looking for openings to do talks and/or stay
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NPC Storm of July 30, 1913, Washington DC 1913 So what happened there yesterday? What we know is that European Economic Affairs Commissioner Pierre Moscovici delivered a communiqué, ostensibly coming from European Commission President Jean-Claude Juncker – he at least knew of it – to Greek finance minister Yanis Varoufakis, who later called it ‘splendid’ and said his government had been’ happy’ with it and he had been ready to sign. The European Commission, the day to day ‘directors’ of
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Byron On the streets after a New York blizzard 1899 • How Central Banks Have Lost Control Of The World (Telegraph) • Draghi QE Plan Seen Challenged by Hoarders Amassing Bonds (Bloomberg) • Athens Rejects ‘Unacceptable’ Eurozone Demands (Guardian) • Greece Rejects Eurozone’s ‘Absurd’ Offer As Time Runs Out On Talks (Telegraph) • Greece Defies Creditors, Seeking Credit But No Bailout (Reuters) • Brussels’ Blunt Bargaining Presents Austerity As Greece’s Only Option (Guardian) • Greek Brussels Defiance Means Hope at
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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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