Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Suppose you consider Tsipras an incompetent twerp. Suppose you dearly want to see Syriza out of power. Suppose, even, that you welcome the prospect of pushing those annoying Greeks out of the euro. Even if all of that is true, this Eurogroup list of demands is madness. The trending hashtag ThisIsACoup is exactly right. This…
/.article-header__top Economists on the left and right alike embrace the theory behind the levy the city council president wants to implement. But the political realities are where things get sticky. /.article-header__hgroup /.article-meta /.l__article-header Gun violence doesn’t just harm individual victims — shootings also strain public coffers when the government is on the hook for medical…
ATHENS The leader of Greece’s main opposition party, New Democracy said on Friday it would back attempts by the government to seal a deal with international creditors to stave off financial meltdown. “We want an agreement by Sunday for Greece to stay in Europe. We will authorize the Prime Minister to negotiate and come back…
In this Oct. 6, 2011 photo, Gan Golan of Los Angeles, dressed as the “Master of Degrees,” holds a ball and chain representing his college loan debt during Occupy DC activities in (AP Photo/Jacquelyn Martin) Getting an advanced degree doesn’t come cheap, which is why graduate students carry nearly half of all student debt. But it turns out that a…
In China, the invisible hand of the market sometimes needs help from the iron fist of the state. That’s certainly true after a meltdown vaporized $3.5 trillion in the value of shares traded on the Shanghai and Shenzhen exchanges. President Xi Jinping’s government isn’t being subtle in its campaign to reflate the bubble it had a big…
Greece requested a new three-year bailout from its skeptical eurozone creditors and pledged some economic overhauls on Wednesday, but the euphoria some Greeks felt after Sunday’s “no” vote on the last deal was fading fast. Whether European leaders accept the Greek government’s application for more emergency loans at a crisis summit Sunday still depends on Prime Minister…
“The lesson of this crisis is more Europe, not less Europe,” Angela Merkel said in 2012 as the integrity of the region’s monetary union was threatened by financial instability, touched off by Greek debt, that was spreading through the euro zone’s weaker economies. By “more Europe,” the German chancellor meant a deepening of the continent’s…
On Tuesday, Latvia’s central bank chief Ilmars Rimsevics called the introduction of a new currency in Greece the “most realistic scenario.” The country is in its second week of capital controls and banks remain shut in the wake of a referendum which saw some 61% of Greeks vote against the terms of the latest bailout…
The turmoil in China’s stock market is so bad that some companies are calling it quits. Over 700 Chinese companies have halted trading to “self preserve,” according to the state media. That means about a quarter of the companies listed on China’s two big exchanges — the Shanghai and Shenzhen — are no longer trading….
It’s 5 a.m. on a Wednesday in San Francisco’s Outer Richmond district, and Kyra Joseph is wide awake, making breakfast for her roommates — a feast, they call it. Chris Ledet, another resident of the little yellow house on a hill, likes to be awakened with a cup of coffee brought to him in bed,…