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Will The Olympics Cost Themselves Out Of Existence?

Written by Dan Steinbock, Difference Group

Ensuring Olympic Success - After the Games

As Olympic torch is moving toward emerging economies, it is time to come up with innovative solutions and appropriate cost controls to finance the games

olympic.rings

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New Evidence Suggests We May Need To Rethink Policies Aimed At Poverty

from The Conversation

--this post authored by Nicolas Herault and Francisco Azpitarte, University of Melbourne; and Guy Johnson, RMIT University

Poverty is often perceived as an ongoing problem for only a very small number of people, and for most households it is a temporary phase that does not last long.

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The American Public Has Power Over The Gun Business - Why Doesn't It Use It?

from The Conversation

-- this post authored by Brian DeLay, University of California, Berkeley

As teenagers in Parkland, Florida, dressed for the funerals of their friends - the latest victims of a mass shooting in the U.S. - weary outrage poured forth on social media and in op-eds across the country. Once again, survivors, victims' families and critics of U.S. gun laws demanded action to address the never-ending cycle of mass shootings and routine violence ravaging American neighborhoods.

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Russian Meddling: Gagging On The Irony

by Charles Hugh Smith, Of Two Minds

The irony that is most gagging is that America's power elite is destroying the nation's social order by its concentration of wealth and abuse of power.

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Turkey Will Be Ground Zero In The Next Global Debt Crisis

by James Rickards

Special report from Daily Reckoning

Turkey is a beautiful country with a rich history including Greek, Roman and Muslim influences that make it one of the most fascinating places on Earth. It is literally a bridge between East and West: The mile-long Bosporus Bridge just north of Istanbul connects Europe and Asia across the Bosporus Strait.

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Britons Shouldn't Get Their Hopes Up About Keeping EU Citizenship After Brexit

from The Conversation

-- this post authored by Adrienne Yong, City, University of London

British citizens living across Europe are waiting to see if an upcoming ruling by the Court of Justice of the EU (CJEU) could give them a bit more certainty about their rights after Brexit.

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Steve Keen: Equilibrium Barter Thinking In A Far-From-Equilibrium Monetary Economy

Written by John Lounsbury

Steve Keen has just delivered a lecture to students at Shefflield University which completely exposes the degradation of economics over much of the 20th century. Those known as "mainstream economists" have fallen on their own petard of ignoring money and finance in the economy and assuming that economies operate most of the time in equilibrium conditions. Pictured below: Claudius Ptolemy, courtesy of Planetary Facts.

ptolemy

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Why It's So Hard To Make Sense Of Trump's Foreign Policy

from The Conversation

-- this post authored by Scott Lucas, University of Birmingham

Under Donald Trump, trying to predict, dissect and understand the US's attitude to the world has become almost impossible - not that plenty of observers aren't giving it a go. Tellingly, they're all coming to different conclusions.

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Three Reasons Why Scientific Advice On Drugs Is Ignored

from The Conversation

-- this post authored by Ghaith Aljayyoussi, University of Liverpool

David Nutt, along with many other leading scientists, published a study a few years ago that showed how the overall harms associated with some legal drugs, such as alcohol and tobacco, dramatically exceed the harms of some illegal drugs, such as cannabis, ecstasy and LSD - and even the harms of heroin and cocaine. Of course, these top scientists were right, but politicians continue to ignore scientific advice, and society continues to be largely in favour of current drug laws.

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