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The Austerity Diaries: Creating a Budget…and Sticking to It

theorganicprepper.ca / Daisy Luther / July 7, 2014

Lots of experts will give you excellent advice on how to create a budget. Creating a budget is actually pretty easy. You figure out what your expenses are, take this from your income, and then figure out what to do with the money you have [...]

Austerity Strikes The Fed: Boston Reserve Bank Slashes 160 Jobs Due To US Treasury Cost-Cutting

zerohedge.com / by Tyler Durden / 05/08/2014 08:07 -0400

As The Fed tapers and shifts its decision-making process away from rules-based, model-backed strategies in favor of “we’ll know when to tighten when we see it” qualitative hand-waving, it seems the need to maintain teams of PhDs – to mutually masturbate over the [...]

French Protest Against Austerity and Prime Minister Valls

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Sunday, April 13, 2014 10:32 PM

The French have taken their crusade against austerity to the streets. Organizers say 100,000 hit the streets, government officials say 25,000.

The truth is likely to be somewhere in the middle, but as noted numerous times recently, prime minister Manuel Valls is [...]

IMF Demands Austerity for Ukraine

armstrongeconomics.com / by Martin Armstrong / March 28, 2014

The IMF (International Monetary Fund) announced on Thursday that a $14 to $18 billion “bailout” for Ukraine is contingent on Kiev’s imposition of stringent austerity measures. It is amazing that not even Obama would comply with such austerity. These people have no clue as to how [...]

IMF Plans Massive Austerity For Ukraine According To Crimea Leaders

alt-market.com / Brandon Turbeville / Tuesday, 18 March 2014 04:54

If statements made by Deputy Prime Minister of Crimea, Olga Kovitidi, are to be taken as truth, the future of Ukrainians living under the yoke of Fascists, the European Union, and the IMF will be yet another example of the imposition of [...]

Ukraine Must Expel the Care-Taker Government And Start a New Path

armstrongeconomics.com / by Martin Armstrong / March 8, 2014

The care-taker leaders are the typical bureaucrats who will destroy Ukraine and everything the people have fought for. Oleksandr Vіktorovich Shlapak (Олександр Віталійович Шлапак) is the Ukrainian politician, bureaucrat, and the current Minister of Finance in Ukraine since February 27th. He offers NOTHING worthwhile for [...]

An End to Austerity?

mises.org / by Mark Thornton / Thursday, February 27, 2014

President Barack Obama has recently released his budget in which he calls for an “end of austerity.” This is an amazing statement from a president whose government has spent the highest percentage of GDP in history and added more to the national debt than [...]

Firing Squads Set To Return With A Bang, As Lethal Injection Shortage Persists

zerohedge.com / by Tyler Durden on 01/19/2014 20:39

Chalk this one up to US (f)austerity, and a $1.1 trillion omnibus spending bull that forgot to add Pentobarbital among the billions in pork spending.

Two months ago we reported that due to a shortage of Pentobarbital, Ohio would be unable to execute death row convicts. It [...]

Low wage capitalism with a dab of cronyism: Of job sectors with the highest growing raw number of positions 9 out of 10 will pay $35,000 a year or less with little to non-existent benefits.

mybudget360.com / by mybudget360 / January 11, 2014

There was a big miss with the latest employment report. The addition of 74,000 jobs produced the weakest employment report going back to January of 2011. Yet part of this is not a surprise given the weak retail sales over the holidays at the expense of cash [...]

Toxic Smoke Cloud Engulfs Greece; Six Years of Relentless Recession; Horrific Statistic

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Monday, December 30, 2013 1:35 AM

Please consider a mass of grim statistics regarding Greece, via translation from the El Pais article: Ruined Greece takes the helm of the EU in the first half of 2014.

On January 1, Greece assumes the rotating presidency of the European Union in [...]

Austerity Isn’t Negative–It’s Essential to Good Planning and Decision-Making

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / Sunday, December 29, 2013

Austerity and crisis are not negative–they are the only dynamics that force smart thinking and the re-alignment of values, resources and strategic goals. Unsurprisingly, the status quo position on austerity (real or imagined)–that it’s terribly, horribly negative–is precisely backwards: austerity is the one essential [...]

Global Power Project: The Group of Thirty, Architects of Austerity

washingtonsblog.com / By Andrew Gavin Marshall / December 12, 2013

The Group of Thirty, a preeminent think tank that brings together dozens of the world’s most influential policy makers, central bankers, financiers and academics, has been the focus of two recent reports for Occupy.com’s Global Power Project. In studying this group, I [...]

Toward a Coalition for Truth and Rationality among the deficit euro nations – interviewed by Alessandro Bianchi

yanisvaroufakis.eu / By Yanis Varoufakis / December 7, 2013

For the first time since the beginning of the bailout, the Greek authorities promised to oppose the demands of the troika and stated that it will not apply new austerity measures for the budget of 2014. Do you believe that, at the end, Samaras’ government [...]

Paul Krugman Sallies Forth to Save France from Austerity

France’s public debt-to-GDP ratio is exploding into the blue yonder

acting-man.com / By Pater Tenebrarum / November 12, 2013

Too Much Government? Not In Paul Krugman’s World

From his perch at the NYT, Paul Krugman informs us that he has detected a ‘Plot Against France‘, because credit rating agency S&P [...]