NEW THINGS: @12:09, 10/8/12

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I have spent the last two hours trying to figure out the state of things.
We have a spike for Romney that has the news media all excited.

I hope most people who think understand that there has been no change in the G.O.P. position. That position is almost fiction. It does not fit the present conditions.

Democratic government is not a for profit business. The attempt to run it as one will destroy it.
By design and necessity it redistributes wealth from the top to the bottom.
It is better if this can be done without distributing "Bread and circuses".
Some charity is unavoidable.
At the moment we are suffering from a dearth of money at the bottom.
Public works could provide those jobs. There would be no charity in such projects. The G.O.P is blocking the spending involved. Their plan is to blame the Democrats.

Redistribution of wealth downward is internationally blocked in the Euro zone. This will lead to eventual revolt.

EU-IMF give Greece 10 days to 'implement' reforms

A protester raises a Greek flag in front of the parliament building in Athens during an anti-austerity rally:Debt crisis: Greece to run out of money by August 20

Greece's international creditors on Monday gave Athens an October 18 deadline, the date of the next European Union summit, to "implement" reforms in exchange for fresh financial assistance.

09 Oct 2012

| 18 Comments

Debt crisis: as it happened - October 8, 2012

The euro sign sculpture stands outside the European Central Bank (ECB) headquarters in Frankfurt, Germany, on Tuesday, June 2, 2009

Greece is to put 7,000 police on patrol and ban protests in parts of Athens to minimise the hostile reception for Angela Merkel, the German Chancellor, when she makes her first visit to the city tomorrow.

08 Oct 2012

| 239 Comments

Waitrose boss says stop sniping at business - and he's right

Business and Enterprise Minister Michael Fallon at the Conservative Conference at Birmingham's International Convention Centre.

Mark Price, managing director of Waitrose, told the Conservative Party conference that attacks on business had to stop to loud applause.

08 Oct 2012

| 19 Comments

7,000 police to protect Angela Merkel during Athens visit

Greek police are preparing a huge security operation involving 7,000 officers, water cannon and a helicopter to protect German chancellor Angela Merkel during her visit to Athens tomorrow.

08 Oct 2012

| 290 Comments

OECD: UK to grow as eurozone slows

OECD indicators suggest UK growth as eurozone slows

The OECD's latest index of leading indicators suggests Britain's economy is picking up while the eurozone's is slowing further while Britain's economy is picking up.

08 Oct 2012

| 117 Comments

IMF warns of fresh global crisis unless eurozone finds a fix

8 Oct 2012: World economic outlook warns of fresh downturn as European ministers asked to try and promote growth
The Greek message for Angela Merkel

8 Oct 2012: Alexis Tsipras: Europe can survive this austerity-induced crisis, but only if it is reshaped for and by the people 67 comments