Kameel Sliman

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Greece to show what happens when a stock market isn’t a market

Is a market really a market if buyers can't buy and sellers can't sell freely?<p>Greek officials setting the ground rules for a reopening of the Athens Stock Exchange after almost four weeks of forced shutdown are faced with that question as they make a grim choice: Exempt investors from capital …

Greece given days to agree bailout deal or face banking collapse and euro exit

Athens told to present convincing details or EU leaders will hold emergency meeting in Brussels on Sunday to deal with Grexit<p>Greece has 48 hours to strike a new bailout deal with its eurozone creditors or face a banking collapse, a humanitarian emergency, and the start of an exit from the single …

The Deadly Cost Of Austerity On Greece's Health Care System

For over four years, Greece has implemented strict austerity measures as a condition of the major bailout deals keeping the country afloat.<p>The Greek government is currently locked in a showdown with its international creditors about how much further they will have to tighten budgets in order to …

Former Romney Economic Adviser Writes New Paper In Defense Of The '1 Percent'

In the 23-page paper, Mankiw attempts to tackle the question of whether more redistribution is needed to spread income gains more equally.<p>Specifically at the start of his paper, Mankiw addresses stats that have shown the enormous growth in income shares for the top 1 percent (from 7.7 percent in …

People joining the US workforce today are less educated than those leaving it

Things are looking grim for young Americans starting work.<p>According to a new report on the state of US education from the Council on Foreign Relations, Americans going into the labor force today are less educated than those retiring from it. This phenomenon is unique among developed countries. For …

Machiavelli doesn’t belong to the 1 percent

<b>(Shutterstock/wjarek)</b><p>“The Prince” is oft-quoted on Wall Street, but its author was a hero of the working class who despised elites<p>Chris Maisano<p>June 29, 2013 3:00pm (UTC)<p>This article originally appeared on Jacobin.<p>I keep a portrait of Machiavelli over my desk at work — an interior design choice …

Top Apps For The 1%

There’s been an interesting phenomenon occurring lately, thanks to the increasing ability of companies to reach and serve ultra-niche audiences — the rise of the app for the 1 percent. Now more than ever, you can download apps that you can’t actually afford to use.<p>The democratization of the app …

Half Of The World's Richest People Come From Just 2 Families

Here's a fact that will make any liberal cringe.<p>Seven of the 12 richest people in the world have names ending in Koch, Walton or Adelson, according to a new calculation by Bloomberg Markets magazine.<p>Of course, extreme wealth gives you a lot of political power. Here's how these folks wield their …

You will be shocked at how ignorant Americans are

<b>(Wikipedia)</b><p>What Americans don’t know and don’t understand is an obstacle to progress<p>Marty Kaplan<p>November 6, 2013 1:29pm (UTC)<p>This article originally appeared on AlterNet.<p>If you think the widening chasm between the rich and the rest spells trouble for American democracy, have a look at the growing …

Does it matter that Greece defaulted?

As embattled Greece moves closer to bankruptcy, what does it mean for other economies including Britain?<p>Greece defaulted on Tuesday evening, as it was unable to pay a €1.6bn debt due to the IMF.<p>Long, drawn-out discussions with its creditors have failed to produce any emergency cash needed to keep …