This Will Probably Not Be a Very Fun Week

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This week’s news to watch for:

  • Greek talks have broken down and they might be about to leave the euro, causing chaos.
  • Negotiations with the Iranians have hit a pretty rough patch. There may be no nuclear deal after all.
  • Puerto Rico has effectively declared bankruptcy.
  • China’s stock markets, which have been falling already, are off a cliff today. “China’s main stock index entered bear-market territory Monday,” says the Wall Street Journal, “as a surprise interest-rate cut over the weekend failed to lift the market amid concerns over investors’ debt levels, while uncertainty about Greece shook sentiment elsewhere in the region.”
  • And in non-financial bad news, the Supreme Court has a couple of important cases coming up this week. The smart money suggests that the liberal run of good luck in the high court may be over. Fasten your seat belts.

POSTSCRIPT: It’s already happening. The Court has just upheld lethal injection procedures for executing death-row inmates and has struck down EPA rules on toxic emissions. On the brighter side, they ruled that independent commissions can draw district lines. So liberals are 1-2 so far this week.

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FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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