Though, for most, the London Inter-Bank Offer Rate (Libor) interest rate fixing scandal appears to be distant and far too complex to understand, its potential consequences may be as economically devastating as a world war.
A fascinating shift has happened in the U.S. mainstream media: After a year of anti-Syria war propaganda and lies, glimmers of truth are making their way into the public’s view. This may be too little too late: the country is being torn at the seams into the nightmare of ethnic-religious cleansing and massacres.
He has always been a maverick. In the seventies and eighties Hans Christoph Binswanger taught economics at the Swiss University of St. Gallen and became known as an ecologist and critic of uncontrolled growth.. Without growth there is no capitalism but with growth the risk offinance crashes increases. Capitalism has to be reformed so it will be less aggressive and less vulnerable for crisis.