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US port strikes continue, Paul Craig Roberts on Greece

On Tuesday, US Labor Secretary Tom Peres arrived in San Francisco hoping to broker an agreement in the contract dispute between shipping companies and the union reps for over 20,000 dockworkers on the West Coast. Erin weighs in. Paul Craig Roberts of the Institute for Political Economy 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. Warren Mosler from Consulier Engineering 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. And in The Big Deal, Erin and ‘Redacted Tonight’ host Lee Camp discuss how big banks pay their employees to work for the government.

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