It Begins: Palace Revolt against ECB’s NIRP

Published on Wolf Street, by Wolf Richter, March 4, 2016: if punishment interest exceeds the pain threshold.

The Association of Bavarian Savings Banks, which represents 71 savings banks in the German State of Bavaria, has had it with the ECB’s negative deposit-rate absurdity, and it’s now instigating a palace revolt. Continuer la lecture de « It Begins: Palace Revolt against ECB’s NIRP »

Is South America’s ‘Progressive Cycle’ at an End?

Published on The Bullet, Socialist Project’s E-Bulletin No. 1229, by Claudio Katz, March 4, 2016: Neo-Developmentalist Attempts and Socialist Projects.

… The year 2015 ended with significant advances of the Right in South America. Mauricio Macri was elected President in Argentina, the opposition gained a majority in the Venezuelan parliament, and Dilma Rousseff is being hounded relentlessly in Brazil. Then there are the conservatives’ campaigns in Ecuador, and it remains to be seen whether Evo Morales will obtain a new mandate in Bolivia.[1] Continuer la lecture de « Is South America’s ‘Progressive Cycle’ at an End? »

Transformational Education: Creating Engaged Citizens

Published on ZNet (first on Portside.org), by Ruth Needleman, March 1, 2016.

Ana began working in a shoe factory in Sapiranga, Southern Brazil, when she was 11 years old. A single mother, Ana worked 6, 10-hour days a week for the next 30 years. Her son could not get help from her on his school work, because she never had a chance to attend school. She felt invisible.   Continuer la lecture de « Transformational Education: Creating Engaged Citizens »

Super Tuesday