The Corner

Out of the Woods?

Some reality checks from Europe. Elstat reports that Greece’s unemployment rate was 27 percent in November, up from 20.8 percent twelve months before.  Youth unemployment (15–24 years old reached 61.7 percent, up from 50.1 percent). 61.7 percent.

And it’s not just Greece.

The Daily Telegraph reports:

Euro area GDP fell 0.6pc in the last three months of 2012, marking the currency bloc’s first full year in which no quarter produced growth, extending back to 1995, according to figures from European statistical agency Eurostat.

The worse-than-expected decline – the deepest since the first quarter of 2009 – was driven by GDP slumps in the bloc’s major economies, including a shock 0.6pc contraction in Germany and a 0.3pc fall in French output in the fourth quarter. Meanwhile in Italy, the next largest eurozone economy, fourth quarter GDP shrunk a more-than-expected 0.9pc….Italy’s GDP decline marks its sixth consecutive quarterly GDP fall, matching the length of a recession in 1992-93, and longer than the 2008-09 slump.  Its national statistics office ISTAT reported that GDP fell 2.7pc year-on-year, compared to forecasts for a 2.4pc decrease.

As I am not the first to point out, rescuing the euro (at least in its current shape) is akin to saving the tumor, not the patient.

Most Popular

U.S.

The Gun-Control Debate Could Break America

Last night, the nation witnessed what looked a lot like an extended version of the famous “two minutes hate” from George Orwell’s novel 1984. During a CNN town hall on gun control, a furious crowd of Americans jeered at two conservatives, Marco Rubio and Dana Loesch, who stood in defense of the Second ... Read More
Film & TV

Why We Can’t Have Wakanda

SPOILERS AHEAD Black Panther is a really good movie that lives up to the hype in just about every way. Surely someone at Marvel Studios had an early doubt, reading the script and thinking: “Wait, we’re going to have hundreds of African warriors in brightly colored tribal garb, using ancient weapons, ... Read More
Law & the Courts

Obstruction Confusions

In his Lawfare critique of one of my several columns about the purported obstruction case against President Trump, Gabriel Schoenfeld loses me — as I suspect he will lose others — when he says of himself, “I do not think I am Trump-deranged.” Gabe graciously expresses fondness for me, and the feeling is ... Read More
Politics & Policy

Students’ Anti-Gun Views

Are children innocents or are they leaders? Are teenagers fully autonomous decision-makers, or are they lumps of mental clay, still being molded by unfolding brain development? The Left seems to have a particularly hard time deciding these days. Take, for example, the high-school students from Parkland, ... Read More