A German newspaper said Merkel had concluded Greece was insolvent and was pushing for a mandatory debt restructuring. Three years after the crash of the US investment bank Lehman Brothers, the financial crisis is hitting hard again. If, in the fall of 2008, the whole future of the international financial system – and,…
One decade after the 9/11 attacks, Americans continue to pay for damages. The costs of the wars in Iraq and Afghanistan, hidden costs of intelligence wars reportedly underway in Pakistan and elsewhere, and the price of increased security within American borders have now far exceeded early predictions and continue to grow as global counter terrorism…
Left behind in America: Who’s to blame for the wealth divide? Take a moment and think about how you feel wealth should, ideally, be spread among the American people. If you’re like the average respondent in a 2010 Harvard Business School/Duke University study, your response was this: The richest top 20…
The Global Economic Crisis Has Only Just Begun After an ineffective weekend flurry of phone calls among world leaders, confidence in governments’ ability to react is eroding. And the uglier it gets, the more politicians will focus on their own skin rather than finding a common solution. Buckle up. MUNICH – This was the…
Europe’s Economic Gap Sparks New Internal Immigration, From Spain To Germany Spurred by soaring unemployment at home and Berlin’s active recruitment of skilled workers, young educated Spaniards are heading for Germany like southern Europeans last century. By Freia Peters Even though she’s lucky to have a job in Spain, Julia Casado Marco wonders if…
Reuters All of the IMF’s Problems Now Belong to Christine Lagarde John Hudson Jun 28, 2011 97 The International Monetary Fund’s newly-minted leader Christine Lagarde has a lot on her plate. As the 55-year-old French Finance minister replaces Dominique Strauss-Kahn as managing director, she’ll be saddled with reviving a disgraced institution mired with challenges as…
It’s Still the Economy, Stupid Fourteen million Americans remain out of work, a waste of our greatest resource. The 42nd president has more than a dozen ideas on how to attack the jobs crisis. Andrew Hetherington for Newsweek Bill Clinton 14 WAYS TO PUT AMERICA BACK TO WORK Next week in Chicago, the Clinton Global…
Tens of thousands of followers of Shiite cleric Muqtada Sadr stage a huge rally to send a message to Iraq’s leaders: Go Home America
Strauss-Kahn news stuns France as Socialists discuss comeback Prosecution’s Letter To DSK Defense: The Maid Lied To The Grand Jury Update Headlines Prosecutors to release Strauss-Kahn on ‘own recognizance’ STRAUSS-KAHN INQUIRY Live: Strauss-Kahn’s surprise court appearance Former IMF chief Dominique Strauss-Kahn is making a surprise court appearance in New York Friday following revelations that prosecutors…