What We Are Reading Today: Why Not Default? by Jerome E. Ross

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Updated 05 March 2021
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What We Are Reading Today: Why Not Default? by Jerome E. Ross

The European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world.

Why Not Default? unravels a striking puzzle at the heart of these debates — why, despite frequent crises and the immense costs of repayment, do so many heavily indebted countries continue to service their international debts?

In this compelling and incisive book, Jerome Roos provides a sweeping investigation of the political economy of sovereign debt and international crisis management, says a review on the Princeton University Press website.

He takes readers from the rise of public borrowing in the Italian city-states to the gunboat diplomacy of the imperialist era and the wave of sovereign defaults during the Great Depression.

He vividly describes the debt crises of developing countries in the 1980s and 1990s and sheds new light on the recent turmoil inside the Eurozone— including the dramatic capitulation of Greece’s short-lived anti-austerity government to its European creditors in 2015.


Review: ‘A Knight of the Seven Kingdoms’ is an oddball comedy worthy of Westeros

Updated 33 sec ago
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Review: ‘A Knight of the Seven Kingdoms’ is an oddball comedy worthy of Westeros

DUBAI: At a time when the sprawling saga of “Game of Thrones” and its prequel “House of the Dragon” have come to define modern fantasy television, “A Knight of the Seven Kingdoms” emerges as an unexpected offering.

Based on George R.R. Martin’s “Tales of Dunk and Egg” novellas, the six-episode HBO series — created and spearheaded by showrunner Ira Parker alongside Martin — gives viewers a story that is not about dragons or imperial politics, but about two unlikely companions navigating a treacherous and unforgiving world from its humbler margins.

From the opening moments of the premiere, where the familiar “Game of Thrones” theme music is undercut in a moment of shocking levity, the show makes clear that we are far away from the grand halls of Casterly Rock, the Red Keep or even Winterfell. Grounded and whimsical, this is Westeros viewed from muddy inns, dusty roads and makeshift jousting camps.

Peter Claffey as Ser Duncan “Dunk” the Tall is the beating heart of the series. Claffey imbues Dunk with an endearing earnestness — a towering, awkward figure, constantly walking into doors, whose moral compass is as unwavering as his endless appetite.

His chemistry with Dexter Sol Ansell’s young squire, Egg, who has deep secrets of his own, is warm and organic, creating a duo that is as compelling as any knight and squire of fantasy lore. Their dynamic gives the story a cozy, almost heartfelt buddy-adventure quality.

What makes “A Knight of the Seven Kingdoms” so captivating isn’t its lack of spectacle. It has plenty of Westerosi trappings and there’s a sizeable helping of Targaryens and Baratheons and who have you. But its choice to focus on everyday courage, loyalty and the messy, funny, sometimes mundane reality of being a hedge knight truly makes this a worthy addition to the “Game of Thrones” screen universe. We hope there’s more where that came from.