Today Is the International Day of Happiness

By: Thursday March 20, 2014 11:16 am

Today marks the second ever International Day of Happiness!

Inspired by the concept of “Gross Happiness” and originating from the Kingdom of Bhutan’s fourth King Jigme Singye Wangchuck, also known as The “Dragon King.” The Dragon King saw the importance of government in helping strike a balance between the spiritual and the material. He advocated on policies focused on increasing the happiness of his people.

 

Ebeneezer Scrooge, the Grinch, and the Modern GOP

By: Saturday December 14, 2013 9:00 am

As Christmas approaches, Ebeneezer Scrooge and the Grinch are front and center in the GOP’s blocking of extending unemployment benefits to the long-term unemployed. While Scrooge and the Grinch eventually figured out that they were missing something, the modern GOP in Congress would label them as “weak” and “wishy-washy” and “backsliders.”

And FDR would have eaten them for lunch.

Greece Gets Extension on Meeting Budget Targets

By: Tuesday November 13, 2012 1:40 pm

Greece’s international creditors have delivered a minor lifeline to the ruined country, extending the deadline for when they must meet EU budget targets by two years. However, at the same time, the Eurozone finance ministers delayed the releast of a new tranche of bailout funds from Greece, worth 31.5 billion euro.

Greece Proposes Another Austerity Budget, Its Lenders Decide It’s Not Cruel Enough

By: Tuesday October 2, 2012 1:37 pm

The Greek government submitted a draft budget for next year that would only further increase the pain and suffering directed at the population, despite depression conditions. But the European leaders determining whether the fresh austerity plan is good enough to meet their conditions want even more pain, in the form of deeper wage cuts.

Europe Agrees to Accelerate Spanish Bank Bailout, Decelerate Austerity

By: Tuesday July 10, 2012 8:40 am

Finance Ministers meeting in Europe agreed on a series of measures for Spain. First, they authorized a first installment of 30 billion euros for lending to Spanish banks, subject to approval from Eurozone governments. The money will be distributed by the end of the month, a faster schedule than previously considered. The real question is who is held responsible for the lending, the Eurozone bailout facility or the sovereign government.

Early Exits in Greek Elections Show Tight Race

By: Sunday June 17, 2012 11:30 am

Early exit polling from Greece, in the second election to try to form a government in as many months, shows an incredibly narrow race between the center-right New Democracy party and the far-left Syriza party. It raises the possibility that no single party could form a government again, which would mean yet another potential round of voting, and the attendant uncertainty.

Would US Media Have Missed the Great Depression? Watch Them Cover the Latest Non-Issue

By: Monday June 11, 2012 11:53 am

For nearly a week the media has been pressured to focus on an irrelevant distraction involving President Obama’s silly claim that the “private sector is fine,” when he obviously meant to say something that is self evident. But they’re missing the economic and political story of the decade.

Greek Polling Shows Syriza Slipping, Result of Outside Whisper Campaign

By: Monday May 28, 2012 9:30 am

In the US, Republicans like to call accurate descriptions of their plans to destroy our old-age health care system the “Mediscare.” Putting aside the accuracy part, I guess we can call EU leaders’ apparently somewhat successful effort to influence the Greek elections the “Euroscare.” The effect has been to increase polls for parties claiming they’ll support the austerity measures, because Greeks are being told that’s essential to stay within the Euro.

FDL Book Salon Welcomes Paul Krugman, End This Depression Now!

By: Saturday May 19, 2012 1:59 pm

It is an honor and a pleasure to have Paul Krugman at the Lake this afternoon for a conversation on End This Depression Now! Dedicated “To the unemployed, who deserve better,” the book is a condemnation of the policies and mind-set that have produced the worst economic depression since the 1930s. And unlike the Great Depression, which contemporaries did not understand, we know what to do; the current depression is entirely self-inflicted. The broken homes and ruined lives are not attributable to acts of God or the inscrutable logic of the market, but are the direct consequence of public decisions that have amplified the inherent risk of private credit by deregulating financial operations and the attempt to balance the budget when aggregate private demand is collapsing. The central message is that none of this suffering is necessary, and none of it is justified.

Hollande and Merkel Meet as Greek Woes Continue

By: Wednesday May 16, 2012 10:40 am

German Chancellor Angela Merkel and French President Francois Hollande met yesterday in Berlin, in what was kind of an awkward summit. But they did appear united on one point: that Greece must keep their promises and stay in the Eurozone. And that could drive Greece out.

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