Tag Archives | Italy
Francois Hollande campaigning earlier this year.

The Other Big European Election

While everyone was focused on the  election in Greece, another European country held elections that also may have far-reaching implications.

On Sunday, France put an exclamation point on May’s victory by François Hollande in the presidential election by giving an … More…

Former Treasury Secretary Lawrence Summers at Davos in 2010

Keynesians Try Another Comeback

The economic philosophy of John Maynard Keynes had a brief revival after the financial crisis of 2008. Desperate politicians tried to save the global economy–and their own jobs–by launching stimulus plans to plug an “output gap,” the gaping hole that … More…

The Colosseum in Rome.

‘Bye ‘Bye Belgium, Arrivederci Italia

World stock markets rallied Monday on hopes that finally we will have a real solution to the European debt crisis.

European leaders, especially French President Nicolas Sarkozy and German Chancellor Angela Merkel, are discussing what The Wall Street Journal called More…

Rep Robert Andrews

Congress May Cut Debt the Easy Way

You can always count on Congress to do the stupidest things in the ugliest ways.

Their latest debacle: the collapse of the so-called super committee that was supposed to find over $1 trillion in deficit reductions. Republicans and Democrats couldn… More…

Rep. Jeb Hensarling (R-Tex.)

Congress Plays Chicken with Debt Again

UPDATED November 20th

It’s looking worse and worse… More…

Euro

Is Democracy a Victim of the Euro Crisis?

Some ominous news from euro land. The financial crisis in the euro zone is beginning to threaten democracy and national sovereignty, just as the euro skeptics in Britain warned it would.

Governments in Greece and Italy have fallen. Prime Minister … More…

CNBC Presidential Debate

This GOP Field May Be the Worst Ever

Wednesday’s Republican presidential debate was probably the most informative so far, largely because of the probing questions asked by CNBC’s anchors, Maria Bartiromo and John Harwood, and reporters. They clearly knew more about the economy than the candidates did.

But … More…

President Sarkozy and Chancellor Merkel

Politicians Have Wrecked the Markets

On Friday, July 22nd, the Standard & Poor… More…

The New York Stock Exchange

The Markets’ No Confidence Vote

The Dow Jones Industrial Average fell nearly 635 points Monday, following Standard & Poor… More…

Trader in the S&P pit at the Chicago Mercantile Exchange

Washington Helped Tank the Markets

Late Thursday afternoon I took my bike in for some repairs.… More…