Economic crisis news

Boss and worker, cartoon

At the start of this year, a number of local town and district councillors in Germany began revealing the catastrophic state of their communities’ finances: here.

Iceland’s Social Democrat-Left Green coalition has confirmed that a referendum on whether to honour the agreement to repay Britain and the Netherlands a total of €3.9 billion by 2024 will be held on March 6: here.

USA: Nearly 100 tenants at the Casamira Apartments in Detroit have been without electricity since Thursday, after their landlord refused to repair the electrical system after a power failure: here.

The California Public Employees’ Retirement System revealed last Thursday that $125 million was paid out to intermediary investors known as placement agents, several of whom turned out to be former board members: here.

Stiglitz calls out US ‘capitalism’: here.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.