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Davos: Capitalism is Broken, Let’s Try Socialism…No One Has Thought of That Before

January 24, 2012 at 5:14 pm 1 comment

Economic and political elites meeting this week at the Swiss resort of Davos will be asked to urgently find ways to reform a capitalist system that has been described as “outdated and crumbling.” “We have a general morality gap, we are over-leveraged, we have neglected to invest in the future, [...]

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Kucinich to Regulate Oil Profits…Yeah, This Is Going To Work Great

January 19, 2012 at 11:04 pm 0 comments

Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up “Reasonabl Profits Board” to control gas profits. The Democrats, worried about higher gas prices, want to set up a board that would apply a “windfall profit tax” as high as 100 percent on the sale of oil [...]

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My Big, Fat Greek Debt

January 17, 2012 at 11:16 pm 0 comments

Negotiations between creditors and debtors often turn into games of chicken—especially when debtors use the prospect of default to their advantage. That’s certainly been true for Greece, but now the lines are being drawn a little differently. To judge from the tenor of recent news, Athens and its private creditors [...]

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Merkel & Sarkozy Meet For The 1000th Time To Discuss The Euro Crisis

January 12, 2012 at 5:03 pm 0 comments

And this time they thought they’d talk about growing Europe’s economy. The main significance of the Merkozy summit is that it seemed to signal a shift in emphasis. True, the austerity agenda—promoted by the Germans and grudgingly accepted by the French—is still there. Indeed, Mr Sarkozy boasted that France’s fiscal [...]

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Europe Somehow Gets Weirder

January 10, 2012 at 10:16 pm 0 comments

European financial markets have gotten very strange. Greece’s one-year government bond yield hit 376% yesterday, while Germany, Switzerland and the U.K. sold short-term debt this week at yields below 0%. That means investors are effectively paying the latter governments for the privilege of lending to them. Reuters also reported Monday [...]

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You Say Tomato…

January 5, 2012 at 10:39 pm 0 comments

First the Euro’s demise is a bad thing, now it’s a good thing??? For much of the past year, the euro surprised many investors by remaining resilient in the face of an intensifying crisis throughout Europe. But as 2012 has gotten under way, the euro’s Teflon is showing signs of [...]

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Even the Bankers Hate Themselves

January 5, 2012 at 10:35 pm 0 comments

This is no way to fix a financial system. ATTACKS on bankers by protesters from Occupy Wall Street, Occupy London and Occupy any city where a financier might have the temerity to turn a quick buck have spiced up the dreary economic news of the past year. Yet hostility is [...]

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Too Little too Late for Newt in Iowa?

December 29, 2011 at 11:13 pm 0 comments

Newt finds a message but will it matter. It is nearly caucus time, and Newt Gingrich has found his closing argument. The question is whether it comes soon enough to save his campaign. Mr. Gingrich rolled into this state on Tuesday with a new focus on pro-growth economic policies and [...]

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Europe: Old, New What’s the Difference?

December 29, 2011 at 11:13 pm 0 comments

Nearly ten years ago, Secretary of Defense Donald Rumsfeld provoked outrage by referring to “Old Europe.” How dare he, snapped the French and Germans, call us “old” when the utopian European Union was all the rage, the new euro was soaring in value, and the United States was increasingly isolated [...]

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Who Exactly is Trying to Force their Morality Down Our Throats?

December 28, 2011 at 1:44 pm 0 comments

Liberal groups use new SEC rule to try and limit free speech. Since the Supreme Court’s 2010 Citizens United decision restored the First Amendment rights of businesses and unions, “disclosure” has become the watchword for Democrats hoping to muzzle political speech by corporations. The latest gambit is to intimidate companies via [...]

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