London’s Olympics won’t deliver economic gold

14th June 2012

London's Olympics Won't Deliver Economic Gold

As the start of the London Olympics draws closer, some Londoners are questioning if the entire event is worth the hassle – or cost. David Futrelle says they've got good reasons to be concerned. Time

 

The End of the World as We Know It

Dani Rodrik outlines the possible but remote scenario whereby starting with a Greek exit from the euro, the world economy eventually slumps into what future historians will call the Second Great Depression. Project Syndicate

 

Will Globalization Go Bankrupt?

"If global liquidity contracts and if markets around the world pull back, our imaginations will once again turn to the increasingly visible costs of globalization and away from the potential for all peoples to prosper." Credit Writedowns

 

The richest get richer

Pulitzer Prize-winning journo David Cay Johnston notes that coming out of the Great Depression the vast majority did better, while the super-rich were worse-off. Coming out of the Great Recession, however, has produced the opposite. Reuters

 

How Wall Street Hustles America's Cities and States Out of Billions

Thomas Ferguson says despite what many Americans are told, unreasonable pay demands by state and municipal workers are not the biggest budget busters but rather it's Wall Street. AlterNet

 

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