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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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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