US port strikes continue and Paul Craig Roberts on Greece
from Boom Bust RT West Coast seaports in the US were all but shut down over the holiday weekend because of contract disputes. On Tuesday, US Labor Secretary Tom Peres arrived in San Francisco hoping to broker an agreement between shipping companies and the union representatives for over 20,000 dockworkers on the west coast. The union has insisted the two sides are near an accord. Let’s hope so, because the deadlock has had far reaching implications. Erin weighs in. Then, Erin is joined by Paul Craig Roberts – chairman of The Institute for Political Economy and former assistant secretary to the Treasury in the Reagan Administration. Paul tells us if the eurozone’s approach to the Greek economic and debt crisis was a failure and explains the connection between capital allocation debt and stock market volatility. After the break, Erin sits down with Warren Mosler – president of Valance Co., Inc. and chairman of Consulier Engineering. Warren explains what options the Greek government has left as the Eurogroup determines a solution and tells us if he’s hopeful or not for Europe’s economic future.