To judge from the editorial pages and Capitol Hill currents that both shape and reflect Washington’s perceptions of the world, the doomsayers sounding alarms over the risk of direct military conflict between the U.S. and Russia over Ukraine have been proved wrong. Despite many Russian warnings and much nuclear saber-rattling, the United States has managed to supply advanced artillery systems, tanks, fighter aircraft, and extended-range missiles to Ukraine without an existential contest—or even significant Russian retaliation.
EU politics
Wanted in Rome: Italy right-wing politician resigns over Mussolini controversy
A campaign by a right-wing member (Salvini’s Lega) of the Italian government to rename a park in honour of Benito Mussolini’s younger brother resulted in his resignation. Read here
Economics
Bill Mitchell: US labour market – floundering now despite modest gains
Things are not going much better on the other side of the Atlantic. Clearly, the 20.7 million job loss in April has not yet been reversed. Given the loss of payroll jobs in March and […]
Economics
Bill Mitchell: More evidence against the ‘trickle down’ orthodoxy in macroeconomics
“Trickle Down” has nothing to do with economics. It is a tool of class war from above. Read here
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