DECEMBER 28, 2011 When is a loan between central banks not a loan? When it is a dollars-for-euros currency swap. By GERALD P. O’DRISCOLL JR.Mr. O’Driscoll, a senior fellow at the Cato Institute, was vice president at the Federal Reserve Bank of Dallas and later at Citigroup. EXCERPT FROM THIS ARTICLE: First, the Fed has
THE FEDERAL RESERVE’S COVERT BAILOUT OF EUROPE Read More »
DECEMBER 16, 2011 And the Crisis Winner Is? Government From Greece to Washington to New York state, there’s no effective mechanism to control spending. By DAVID MALPASS Mr. Malpass, a deputy assistant Treasury secretary in the Reagan administration, is president of Encima Global LLC EXCERPT FROM THIS ARTICLE: Governments on both sides of the Atlantic
THE GROWTH OF GOVERNMENT IN SPITE OF A CRISIS Read More »
The wages of appeasement By Charles Krauthammer, Published: December 15 “Ask Osama bin Laden . . . whether I engage in appeasement.” — Barack Obama, Dec. 8 Fair enough. Barack Obama didn’t appease Osama bin Laden. He killed him. And for ordering the raid and taking the risk, Obama deserves credit. Credit for decisiveness and political courage. However,
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The Conquest of the West by Patrick J. Buchanan (more by this author) Posted 10/28/2011 ET On Oct. 31, the U.N. Population Fund marks the arrival of the 7 billionth person on Earth and raises the population estimate for the planet at mid-century to 9.3 billion people. There is a possibility, says the United Nations, that,
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ZBIGNIEW BRZEZINSKI, CARTER’S NATIONAL SECURITY ADVISOR ON MSNBC, DEC 2, 2011 U.S. AMONG THE MOST SOCIALLY UNJUST NATIONS WORLDWIDE Visit msnbc.com for breaking news, world news, and news about the economy
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US NEWS & WORLD REPORT December 1, 2011 by Rick Newman The bank bailouts in 2008 and 2009 were controversial because wealthy bankers seemed like the last people who needed help. Now, the Federal Reserve and other central banks are rescuing one group held in even lower regard than bankers: politicians. [See 11 dates investors need
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NOVEMBER 26, 2011 ‘The New Tammany Hall’ The historian of the American city on what Wall Street and the ‘Occupy’ movement have in common, and how government unions came to dominate state and local politics. By MATTHEW KAMINSKI New York ‘What has the country so angry,” says Fred Siegel, “is the sense that crony capitalism
THE PUBLIC SECTOR UNIONS ARE THE NEW TAMMANY HALL Read More »
THE ECONOMIST Unless Germany and the ECB move quickly, the single currency’s collapse is looming Nov 26th 2011 | EVEN as the euro zone hurtles towards a crash, most people are assuming that, in the end, European leaders will do whatever it takes to save the single currency. That is because the consequences of the
THE EURO ZONE, IS THIS REALLY THE END? Read More »
NOVEMBER 26, 2011 New Strains Hit Euro, Global Markets Common Currency Falls After Italy’s Borrowing Costs Soar; Coming Week Poses Key Test of Sentiment By STACY MEICHTRY and JONATHAN CHENG ROME—Uncertainty in financial markets deepened as Italy’s borrowing costs soared to euro-era highs and Prime Minister Mario Monti said European leaders understood an Italian collapse
