Europeans Wake Up With Severe ‘Hope and Change’ Hangover.
I return from vacation with an epic Morning Jolt, if I may say. There’s a look at the massive protesting crowds in Egypt, a dissection of the Paula Deen controversy, three key paragraphs from a particular book you’ve heard a …
Is the Fed Pursuing Our Interest or Banks’ Interests?
The Fed signals that it intends to hitch our national wagon to Europe just as Europe is going over the edge, and the Dow jumps 4 percent. Maybe I’m missing something.
All that Bernanke & Co. did yesterday was to …
It’s not getting better:
Officials in Berlin told The Telegraph it is “more likely than not” that investors will suffer fresh losses on holdings of Greek debt, beyond the 21pc haircut agreed in July.
The exact level …
The Irish Bailout a “World Record”
That’s gonna sting!
The additional €35bn (£29.8bn) being ploughed into Ireland’s banks has shocked experts, who have expressed concern that tonight’s bailout would not contain contagion in the eurozone.
Brian Lucey, associate professor of finance at …
Some fellow at The Economist has taken me to task for my description of socialism and communism: “The difference between communism and socialism: Under communism, politics begins with a gun in your face; under socialism, politics ends …
The 2003–08 Liberal Foreign-Policy Vision Lies in Ruins
The front page of today‚Äôs Washington Post previews President Obama‚Äôs trip to the EU summit in Northern Ireland, observing that Europeans are deeply disappointed, and feeling betrayed, by Obama‚Äôs policies on long-delayed assistance to Syrian rebels, widespread …
Of German Bonds and American Prosperity
The question I am asked most often is: What will it take to get the government to stop running up the debt? A Republican president? A Republican president with a Republican House and a Republican Senate? A Republican president named …
Ireland does not have enough money to both bail out its banks and pay its government debts, Citi’s top economist says.
Accessing external sources of funds will not mark the end of Ireland’s troubles.The reason is …
Britain Cuts Its Military Budget — Should We?
So David Cameron wants Barack Obama to know that Britain is still America’s “wingman,” as he put it. The reassurance was necessitated by Cameron’s announcement that the United Kingdom will be cutting its military …