Europe

THE FEDERAL RESERVE, NOW BAILING OUT POLITICIANS

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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THE PUBLIC SECTOR UNIONS ARE THE NEW TAMMANY HALL

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

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THE EURO ZONE, IS THIS REALLY THE END?

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

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EUROPEAN CRISIS

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

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HERE COMES CLIMATEGATE II

DAILY TELEGRAPH Uh oh, global warming loons: here comes Climategate II! By James Delingpole November 22nd, 2011 James Delingpole is a writer, journalist and broadcaster who is right about everything. He is the author of numerous fantastically entertaining books including 365 Ways to Drive a Liberal Crazy, Welcome To Obamaland: I’ve Seen Your Future And

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THE CULTURE WAR OVER EUROPE’S MONEY

NOVEMBER 17, 2011 The Germans are richer and more stubborn.The French are flashier and faster on their feet. By WALTER RUSSELL MEAD The European crisis repeats the same pattern endlessly. Bad news sinks markets, ultimately accelerating into a panicky wave of liquidation. European leaders convene, deliberate and emerge with what they say is a “fix.”

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EUROPE’S ENTITLEMENT RECKONING

NOVEMBER 10, 2011 From Greece to Italy to France, the welfare state is in crisis. In the European economic crisis, all roads lead through Rome. The markets have raised the price of financing Italy’s mammoth debt to new highs, and on Tuesday Silvio Berlusconi became the second euro-zone prime minister, after Greece’s George Papandreou, to

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