Economics

Clare Longrigg reports in the Guardian: The letters of jailed Cosa Nostra boss Bernardo Provenzano are full of insights into his leadership style. Magistrates and mafiosi agree: Provenzano was the charismatic force…


The International Monetary Fund released its semiannual Global Financial Stability Report on Tuesday, and it shows that the world economy is anything but stable. Indeed, it showcases a “Humpty Dumpty” global economy…





Writes mtspace on DailyKos: The “subprime mortgage” fiasco is being treated as if it is some kind of exotic financial disease heretofore unknown to man. There seems to be a lot of…


March 20, 2008, destined to be another day of infamy. On this date the US officially declared war on Iran. But it’s not going to be the kind of war many have…





The current crisis of the financial markets is rapidly taking on gargantuan proportions. Last weekend saw the emergency sale of Bear Stearns, the fifth largest financial institution on Wall Street, to JP…