As the Pentagon authorizes an additional $400 million for Ukraine's defense on Friday, bringing estimated total U.S. security spending on Ukraine under President Biden to a staggering $8 billion, we speak to Joe Lauria, editor-in-chief of Consortium News, about the pressure on news media to follow a single approved narrative on the Ukraine war. The independent media outlet recently had their PayPal account shut down and received notice from NewsGuard, a fact-checking group, that they are under review for publishing fake news. "American and European audiences have been fed the idea that Russia has been failing in this war and that Ukraine still has a chance to win, but I think we're starting to see reality seep into the reporting," says Lauria.
globinfo freexchange Wolfgang Schäuble and the German leadership of the eurozone have good reasons to worry, maintaining an uncompromising attitude in the negotiations with Greece. But the repayment of Greek debt, which amounts to EUR 317 billion, is not one of the most important ones. The Greek debt is insignificant in comparison with the financial dynamite of the German (and other) banks, which in recent months gives more daily ignition signs. Only Deutsche Bank, the largest bank in Germany, is significantly exposed, holding dubious financial products known as "derivatives", worth 67 trillion euros. This amount is similar to the GDP of the entire world and 20 times greater than the GDP of Germany. Any comparison with the situation of the bank Lehman Brothers in 2008 would not be irrelevant. Just when Lehman Brothers went bankrupt, had available derivatives of only 31.5 trillion. The crisis of 2008 confirmed the concise definition of derivatives as proposed b...
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