The big news of the last couple weeks in economics is the very late report of the failings of that Rogoff-Reinhart paper of some years ago telling us a high US debt to GDP ratio was a bad thing. Yet, the DFM will still continue unnecessarily. The surprise to me is that the story gets traction at all in this recession teetering gloom-apocalypse-starring the 'era of austerity'. The IMF has noticed, the big banks have noticed and the US media have begun to. When will Congress?
Bill Moyers has Glenn Greenwald on his show on the follies of war and also talks about the shuttering of whistleblowers under Obama.
Last week Congress had an open hearing on drones and their use. Here is an American Yemeni testifying, the one that spoke on the Chris Hayes show.
The press surrounding the documentary on the spread of the mercenary empire being built by Erik Prince is increasing. Jeremy Scahill of the Nation was all over talking about it as it is based on his book. He was also on Democracy Now and Mark Mazetti was on Jon Stewart.
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