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The Deficit Problem Is Not “We, the People,” It is “You, the Incompetent Elite”Dean Baker / May 12, 2010
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Haitian Protesters Concerned for DemocracyProtesters took to the streets of Port-au-Prince yesterday, reports AP. Thousands of Haitians came to demand that President Preval step down, angered by the decision to stay on an extra three months if elections are not conducted. AP put the number of protesters at 2000, while Reuters reported that police "used tear gas and warning shots to disperse" the crowds. Al Jazeera, looking at the causes of the protest, reported on the perceived political vacuum that has allowed significant powers to be consolidated in the executive branch and international community:
The entire lower house and one-third of the senate are no longer sitting because the earthquake prevented February's legislative elections from taking place.??"Effectively the parliament is ceasing to exist as a governing body and the people on the streets are pretty concerned about that," Al Jazeera's Seb Walker, reporting from Port-au-Prince, said.
"It concentrates power in the hands of the president and the international commission that has been set up with former US president Bill Clinton as a co-chair.
Jake Johnston / May 11, 2010
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Senate Ignores Fed’s Threats, Passes Audit Amendment 96-0Alan Barber / May 11, 2010
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The Post Wants Germany to Consume More as Part of AusterityDean Baker / May 11, 2010
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Wall Street: Land of the Million Dollar BabiesDean Baker / May 11, 2010
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“Greatest Possible Participation by Candidates” – NYT on Haitian ElectionsCEPR / May 10, 2010
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"This country is not ready for an emergency" – Sean Penn in CNN ReportCEPR / May 10, 2010
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The Non-Problem of the Banks Not LendingDean Baker / May 10, 2010
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Latin America and the Caribbean
Venezuela no es GreciaMark Weisbrot / May 10, 2010
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Derailing the Wall Street Attack on Social SecurityDean Baker / May 10, 2010
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Has the Public Been Studying the Budget In Large Numbers?Dean Baker / May 10, 2010
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Markets are Fearful That U.S. Debt Is Unsustainable — That is Why the Interest Rates on U.S. Bonds FellDean Baker / May 09, 2010