Retail spending over the Thanksgiving weekend fell, a sign that the annual four-day shopping bonanza may be losing some of its punch.
Countries from Australia to Tanzania have scrambled to start exporting liquefied natural gas. Who's going to buy it all?
Three gaps in Europe constitute a complex economic crisis, namely gaps between citizens and politicians; rich and poor countries; and citizens themselves.
The LAX shooter, once again, is reported to be a white male. Here's why they're always first to violence
David Frum says it's no time to be celebrating an economic rebound. Another recession could arrive before we've put everyone back to work, he says.
Adjustment in a low-inflation eurozone: mission impossible?
With a Eurozone record of 27 percent of Greeks unemployed, people are taking a pro-active approach to the crisis. Activists from the 'We Won't Pay' movement, which boasts 10,000 members, are illegally reconnecting power to hundreds of homes.
A town in California is making headlines on how it is tackling its foreclosure crisis. In Richmond, almost half of the city's residential mortgage holders are underwater. In a major development last week, Richmond became the first city in the country to offer to purchase mortgages of distressed homeowners from Wall Street banks and other lenders. Under a plan approved by the city council in April, the city can also use its eminent domain authority to purchase loans in order modify them and allow families to avoid foreclosure and stay in their homes. "The banks sold our community predatory loans, and now they have no solution they're presenting for this crisis," says Richmond Mayor Gayle McLaughlin. "We are stepping in by taking these troubled loans off the hands of the banks, and we're paying them fair market value for these loans. And then we're working with the homeowners to refinance and modify loans in line with current home values. We call on the banks to voluntarily sell us these loans, and if they don't cooperate, we will be considering eminent domain."
Financial regulators must be excited at the thought that God is making himself available to help them. Well, the next best thing. Lloyd Blankfein who once claimed that bankers were "doing God's work
Alessandro Ortenzi, 26, entered the University of Bologna in 2006 to study pharmacy. When he finally graduates next year, he still won't qualify for hospital work.
TIMES are tough for Debbie, a prostitute in western England who runs a private flat with other "mature ladies". She does two or three jobs a day. A year ago she was doing eight or nine.
Austerity has failed in Europe, where the European Union just racked up 18 months of negative growth with no end in sight. It is failing in the United St...
Inside her Oxford, Ohio, kindergarten classroom, Christine Milders has 24 cubbies, 24 tables and 24 seats. It's a perfect fit for her 24 little students, no more.
Is our Europeans learning?
Excerpted from Jon Henley: "The so-called potato movement, through which thousands of tonnes of potatoes and other agricultural produce - including, hopefully, next month, Easter lamb - are being sold directly to consumers by their producers, is taking off across Greece. "It's because everyone benefits," said Kamenides, standing in a clearing in the woods above... Continue reading ...
[ 230151165230156172232170158232168179 ] [ Update November 2011: In light of the unfolding global sovereign debt fiasco, I have issued an update . Thanks to the tirele...
2013/01/14: The importance of acquiring civic skills for active participation in civil society, and public life in general, is another issue that has not preoccupied only today’s thinkers, politicians and critical citizens. It was also a serious matter of debate in antiquity. The central disagreement between the philosopher Socrates and the sophist Protagoras was whether civic virtue, an essential prerequisite for participating in public life, was transferable. Responding to Socrates, who was doubtful that civic skills could be taught and transferred, Protagoras claimed that citizens could (and ought) to learn them in order to be able to develop sound judgement (ευβουλία) about private and community issues, and to be able to successfully manage their personal affairs and participate not just with words, but also with actions, in public life. Pericles’ words are also instructive:
For, unlike any other nation, regarding him who takes no part in these duties not as unambitious but as useless, we Athenians are able to judge at all events if we cannot originate, and, instead of looking on discussion as a stumbling block in the way of action, we think it an indispensable preliminary to any wise action at all.
For Pericles, respecting one’s fellow citizens, accepting obligations from them and returning them to them, and acting justly were priceless skills for a society that belongs equally to each and every (Athenian) citizen, and were essential prerequisites for living alongside each other harmoniously. Today, 2,400 years later, social research agrees that civic skills advance democratic values: the more knowledgeable citizens are about civic principles, and the more they participate in voluntary and community-based initiatives, the more likely they are to support democratic values – starting with tolerance in others.
This ideal of civic virtue lies at the centre of an active civil society that is mobilised for collective problem solving. Only such a civil society can help cultivate the skills that Greek citizens so desperately need to develop.
Saying 'I told you so' is supposed to be near unbeatable fun, so it's disappointing to report that, in the case of the government's handling of the British economy, speaking for myself, no fun is being had. As George Osborne's autumn statement made clear, the scale and speed and . . .
By Wolf Richter, San Francisco based executive, entrepreneur, start up specialist, and author, with extensive international work experience. Cross posted from Testosterone Pit. "I'm wondering how much this society can endure before it explodes," said Georg Pieper, a German psychotherapist who specializes in treating post-traumatic stress disorders following catastrophes, large accidents (including the deadliest train wreck ever in Germany), acts of violence, freed hostages.... But now he was talking about Greece.