by Italy Borrowing Cost Falls in Ten-Year Bond Auction
30 Jul 2012
nvestors’ increasing belief in coordinated action by the European Central Bank and European leaders to fight the sovereign debt crisis in the eurozone helped Italy reduce its borrowing costs at a 10-year sovereign debt auction on Monday.
The U.S. media has made its intentions clear: the 'rebels' attacking Syria's government must have more support to advance Syria's "revolution.” This was the result of the much-hyped advance of Syria's rebels into the country’s two largest cities, which the western media portrayed as a defining moment in global democracy. But "journalists" like these have blood on their hands, with much more in the works.
In a recent article published on the website of Socialist Viewpoint, Chris Kinder criticized those on the left who call for raising taxes on the rich. Identifying himself as a Trotskyist, Mr. Kinder displayed particular displeasure with Trotskyists who embrace this demand. Yet, as we will argue, his arguments fundamentally deviate from the political-strategic framework established by Marx and Engels and developed by Lenin and Trotsky.