Dexia and bailing out the banks | by Michael Roberts

Dexia and bailing out the banks | by Michael Roberts

The large Belgian Bank, Dexia, went bust over last weekend.  It provides a lot of pointers about the role of banking and how it fits into this crisis.  Dexia was bailed out before at the height of the financial crisis in 2008.  Then the Belgian and French governments...

Everybody’s Son | by Uri Avnery

The most sensible – I almost wrote “the only sensible” – sentence uttered this week sprang from the lips of a 5-year old boy. After the prisoner swap, one of those smart-aleck TV reporters asked him: “Why did we release 1027 Arabs for one Israeli soldier?” He...