Time Magazine - A few years ago, when Greece was still at the start of its slide into an economic depression, the Nobel prize-winning economist Joseph Stiglitz remembers discussing the crisis with Greek officials. What they wanted was a stimulus package to boost growth and create jobs, and Stiglitz, who had just produced an influential report for the United Nations on how to deal with the global financial crisis, agreed that this would be the best way forward. Instead, Greece’s foreign creditors imposed a strict program of austerity. The Greek economy has shrunk by about 25% since 2010. The cost-cutting was an enormous mistake, Stiglitz says, and it’s time for the creditors to admit it. Read more.
An online petition is surging towards its goal of 350,000 signatures on Thursday as it called on members of the White House Press Association to stand in solidarity against the Trump adminstration's decision to strip credentials from CNN report Jim Acosta. Read more.