Cyprus

Richard Wolff Gives Bill O'Reilly A Lesson In Economics 101

From this Monday's Democracy Now, economist Richard Wolff is asked about Bill O'Reilly's remarks last week where he told his audience on Fox that Cyprus and other European countries are facing economic hardships because they’re so-called "nanny states." Wolff responded with a lesson in economics 101 for Bill-O.

Cyprus Rejects Bailout Tax

Cyprus overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout on Tuesday, throwing international efforts to rescue the latest casualty of the euro zone debt crisis into disarray.

February 23, 1975 - Not Bathing In The Same Water Twice.

February 23, 1975 - calls to send Military aid to South Vietnam. Kissinger returns from Middle East "hopeful". Ethiopia ask U.S. for arms against militants in Eritrea province. Judge Sirica hands down sentences for Watergate figures. New tensions in Cyprus. Outlawed strikes in Spain go on anyway. Persian Gulf region under scrutiny for continued arms sales. Another lovely day in the neighborhood.

February 1, 1975 - $1 Billion A Day.

News of this day included the loud gasp heard over the size of the new budget President Ford was handing Congress. The Recession dragged on. Calls for belt tightening. Supplemental Aid to Southeast Asia was voted down - between the 55,000 lives lost and the billions already spent, enough was enough. Aid to Turkey was on hold pending outcome of the latest Cyprus situation. And the U.S. had the dubious distinction of the 2nd highest trade deficit of the century. Not a day to celebrate.