The Global Temper Tantrum Fury is spreading. But the mobs ignore the real culprit behind broken economies. Yiorgos Karahalis / Reuters-Landov Riot police at a protest against austerity measures in Athens on June 28, 2011. This is the age of indignation. Politics in the Western world are becoming more emotional—because our problems are so intractable….
The Rage of the ‘Indignants’ A European Generation Takes to the Streets By Mathieu von Rohr and Helene Zuber For weeks, hundreds of young people have been camping out in central Madrid. And others across Europe have now begun following their example. Protests in Lisbon, Paris, Athens and elsewhere show that Europe’s lost generation has…
Eurozone interest rates raised to 1.25% by ECB The European Central Bank has kept rates low for almost two years Global Economy ECB urged Portugal to seek rescue Q&A: Why is Portugal in trouble? Will the rate rise damage growth? EU austerity drive by country Eurozone interest rates have been raised to 1.25% from the…
Michelle Obama today faced a fresh wave of attacks over her lavish break in Spain with 40 friends, which could easily cost U.S. taxpayers a staggering £50,000 a day. The First Lady has been lambasted for her extravagance at a time when the economy is still struggling. One blogger went so far as to brand…
With 38 days, it begins. The World Cup captivates more people around the globe than any other event, sporting or otherwise. Every four years, in pubs and corporate boardrooms, thatched huts and flophouses, fans of “the Beautiful Game” gather around televisions and transistor radios—and now, for the deep of pocket, iPhones and 3-D flat screens—to…