The Man Who Invented “Too Big to Fail” Banks Finally Recants. Will Obama or Romney Follow?

Picture of former Citigroup CEO Sandy Weill

OCCUPIED TUCSON CITIZEN? I’m in Alaska, amid moose and bear, trying to steal some time away from the absurdities of American politics and economics. But even at this remote distance I caught wind of Sanford Weill’s proposal on CNBC that big banks be broken up in order to shield taxpayers from the consequences of their …

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Austerity = Dramatic Rise of Radicalism in Greece

Protesters in Greece 2012

OCCUPIED TUCSON CITIZEN Though the front-page headline of last Monday’s Arizona Republic confidently proclaimed that “Pro-bailout conservatives win Greek election,” the reality of last week’s election was far more complicated. The election, in fact, seemed to confirm that the extreme austerity program that has been imposed on Greece by the European Union, the International Monetary …

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Egyptian Military Council Severely Restricts Authority of Newly Elected President

Protests in Egypt in 2011

THE REAL NEWS In the midst of Egypt’s presidential election last Sunday, June 17, the ruling Supreme Council of the Armed Forces (SCAF) stripped the office of president of its powers as commander of the armed forces—Ed *** Protesters Flood Tahrir Square in Anticipation of Election Results BY JIHAN HAFIZ, THE REAL NEWS By Friday, …

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