After inheriting years of poor economic performance, Greece’s new Syriza government can’t be blamed for being unable to pay June installments to the IMF, James Galbraith, economist and professor from the University of Texas, told RT’s In the Now show.
Hospitals across Greece are lacking the most essential supplies, including painkillers, scissors and sheets, as years of economic meltdown have left the country’s healthcare system in a desperate state.
UK Prime Minister David Cameron has announced his plan to freeze the salaries for government ministers for the next five years. The move will save about £800,000 ($1.2 million) a year, or £4 million ($6.1 million) by 2020.
Let’s consider for a moment what the response would be from Washington if Russia announced the start of international war games near American borders. Impossible you say? Yet that is almost exactly what the Pentagon has announced near Russia.
Greece will pay public sector wages and pensions in May but urgently needs a deal with its creditors by the end of the month to avoid defaulting on its debt, according to Greek government spokesman Gabriel Sakellaridis
Maryland Gov. Larry Hogan stunned lawmakers by announcing he will redirect $68 million set aside for schools and use it to shore up the state's pension system. But critics say his move violates appropriation rules under the state's constitution.
Former Soviet President Mikhail Gorbachev acknowledges his anti-alcohol drive in the mid-1980s was a mistake, stressing that it should had been gradual and relentless. The campaign led to a spike in bootlegging and eroded the tax base.
The US spends billions a week on invading countries and losing wars but all it can offer for breakthrough ideas on protecting astronauts from possible space radiation on their way to Mars is $29,000, political cartoonist Ted Rall told RT.