What a Socialist France Would Mean for America
Should the U.S. be (a) frightened, (b) neutral or (c) exuberant that a very moderate Socialist looks set to win the presidency in France when the second round of voting takes place May 6? If Francoise Hollande wins, Americans should…
The Socialist Who Can Rattle the Global Economy
At the end of a week of bad news across Europe, the French have handed the Continent another cliffhanger: In the first round of polling for the presidency on Sunday, incumbent Nicholas Sarkozy trailed his Socialist Party challenger, François Hollande….
How a European Recession Can Infect U.S. Markets
Europe is starting to look slightly schizophrenic, and we had all better pay attention. The stock slide last week — the worst of the year — was the direct result of wobbly conditions among the European economies, notably a growing…
Spain, on the Brink, Could Derail the U.S. Economy
Greece’s austerity plan, complete with debt swap, is now in place. Spain has announced its most rigorous budget since the post–Franco restoration of democracy in the 1970s. Italy has passed economic reforms worth more than $130 billion, 7 percent of…
Why Obama’s Iran Strategy is All Wrong
The good news: We now have a new set of talks on Iran’s nuclear program scheduled for mid April in Istanbul. The bad news: Washington and its allies have not prepared the ground for these talks. We are a negotiating…
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