How to Put a Dent in Deficits—and Make Real Money
The federal government and almost all 50 states are constantly searching for solutions to gaping budget deficits. And U.S. corporations are sitting on piles of cash estimated at around $2 trillion. So is there some mutually beneficial intersection here? If…
Now Even Japan Says ‘No Nukes’
Germany did it a little more than a month ago, and Italy followed suit a week later. Now Japan’s prime minister has taken a stand against nukes. “In the future,” Naoto Kan told a nationwide television audience last week, “we…
How the Debt Crisis Could Remake Europe
Maybe now we will all understand why the ancient adage “May you live in interesting times” was intended not as a blessing but as a curse. Last week wasmore than interesting in Europe: It was of historical importance—and bone-rattling in…
Britain Reels from Brutal Austerity–GDP, Jobs Disappoint
This summer has seen Greeks rioting in the streets over austerity measures and now Italians having a bad case of agita as their economy teeters. But if Europe’s nerves are frayed, so are Britain’s. Although not part of the 12-nation…
One (Faint) Cheer for Rupert Murdoch
It’s hard to have pity for Rupert Murdoch, who decided that retreat is the best—and probably only—course of action and withdrew his bid for the 60.9% of BskyB that he doesn’t already control. General Murdoch’s decision to withdraw and regroup…
Greek Debt: How Much for the Acropolis?
Greece is for sale. But is a sell-off of public assets a wise and politically viable solution to an Olympian debt crisis– especially since a dramatic divide is emerging between the government and the citizens it governs? As the daily…
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