Berfrois

European Community? Pah!

European Community? Pah!

The imposition of German demands on Greece, without consideration for its democracy, sovereignty or interests, is one of those moments that changes everything.

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Motives Matter

Motives Matter

by Tim Besley and Maitreesh Ghatak As we approach three years since the fall of Lehman Brothers, the incentives that led the financial sector to take on too much risk still exist. This column argues that they will remain so long as governments continue to provide an implicit guarantee that...

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Did anti-regulation lobbying fuel the subprime crisis?

Did anti-regulation lobbying fuel the subprime crisis?

by Deniz Igan and Prachi Mishra Did anti-regulation lobbying fuel the subprime crisis? This column shows that there is a strong relationship between financial industry lobbying and favourable financial regulation legislation. It argues that the financial industry fought, and defeated, measures that might have curbed some of the reckless...

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Take My Wealth, Please (Or Not)

Take My Wealth, Please (Or Not)

Stop Coddling the Super-Rich | by Warren E. Buffett

The New York Times

Our leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting....

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Krugman on Keynes

Krugman on Keynes

by Paul Krugman Keynes’ General Theory is 75 years old. In this column, Paul Krugman argues that many of its insights and lessons are still relevant today, but many have been forgotten. A broad swath of macroeconomists and policymakers are applying old fallacies to today’s crisis. As the nostrums being...

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‘Uncoordinated national policies cannot govern migration’

‘Uncoordinated national policies cannot govern migration’

Migrants arriving by boat on Lampedusa Island, Noborder network by Tito Boeri Lampedusa is a beautiful island closer to North Africa than to Sicily. In the last two months it has been flooded with migrants, mostly coming from Tunisia. The preliminary count is 28,000 arrivals on an island where...

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Welfare for the Rich

Welfare for the Rich

Christy Mack and Susan Karches From Rolling Stone: America has two national budgets, one official, one unofficial. The official budget is public record and hotly debated: Money comes in as taxes and goes out as jet fighters, DEA agents, wheat subsidies and Medicare, plus pensions and bennies for that...

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Capital Thinker

Capital Thinker

From The Chronicle Review: Praising Karl Marx might seem as perverse as putting in a good word for the Boston Strangler. Were not Marx’s ideas responsible for despotism, mass murder, labor camps, economic catastrophe, and the loss of liberty for millions of men and women? Was not one of...

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1%

1%

Of the 1%, by the 1%, for the 1% | by Joseph E. Stiglitz

Vanity Fair

It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a...

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Capitalism at its Historical Limits

Capitalism at its Historical Limits

From The Chronicle Review: Apart from the patently nonreality-based dissent of its Republican members, the Financial Crisis Inquiry Commission could hardly have expected the report it issued in January to arouse much excitement. After a year and a half of research and the testimony of academics and other economic...

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Foucault’s Politics of Truth by Stuart Elden

The key figures are Cardinal Richelieu and Chancellor Séguier, and Foucault thinks it is important that he can discern the “first great deployment of...

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Menachem Feuer on Sarah Silverman and Lena Dunham

Elle called Silverman’s image of her wearing a shirt with several naked Lena Dunhams a “beautiful tribute.” Dunham, the article tells us, “seemed to...

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Mediamacro are very good at pretending…

A few weeks ago I was having dinner with David Cameron. Well, almost - we were at the same restaurant but on tables at...

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Tammy Ho Lai-Ming: One Little Room

A room with graffitied walls. Inside this room the dogs bark. A room cluttered with porcelain figurines. A room decorated with binary numbers.

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Jeremy Fernando
Jeremy Fernando on Tan Chui Mui

For, it is not as if films speak; nor are their filmmakers there—at the site where this alleged speaking to, speech, takes place —...

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David Beer
David Beer: Make Happy, Happy, Happy

As I read through William Davies’ engaging new book, I can’t help but wonder what Mad Men’s Don Draper would have made of John...

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Russell Bennetts: Coffee for 8 More

I might be the last person you should ask about St. Paul coffee in general. On an ordinary day I make do with drip...

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Emeline Edgewood
In X the Promise

X seems to want to be both the equivalent of The Giant and of Laura Palmer’s mother in Twin Peaks.

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Vincent W.J. van Gerven Oei: Municipal

Although there are also some independent candidates who may take a few votes here and there, the general opinion of the Tirana public and...

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En Liang Khong: Full Bloom

The cross-dressing Qiu Jin was emblematic of a revolutionary feminist current at the end of the Qing era, writing urgently on women’s emancipation: “While...

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Vincent W.J. van Gerven Oei
Very Much Like a Whale by Vincent W.J. van Gerven Oei

They had obviously taken the pictures of the whale, and the group of people carrying it, out of curiosity. But still the images failed...

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Oscillation

We recognise oscillation to be the natural order of the world.

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Menachem Feuer: Body

While Sarah Silverman jokingly tells us that her Jewish identity has more to do with her body than with the “responsibilities and limitations” that...

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Jeremy Fernando: Pink

An offering that might well remain in its being offered.

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