Europe’s New Path: Austerity with a Human Face
It did not take long for those flying the flag of fiscal austerity in Europe to turn tail. A week ago in this space I asserted that it was the beginning of the end for the “austerians.” I was too…
European Austerity Does a 180 as Lagarde Weighs In
It will not be long before we look back on this year’s meetings of the International Monetary Fund and the World Bank, which conclude Monday, and see a turning point in the global economic crisis. Europeans, who have suffered the…
The 3-Speed Global Economy Puts US in 2nd Gear
When the International Monetary Fund and the World Bank gather for theirspring meetings in Washington this week, there will be no pressing euro crisis to address, and that is more than one could say a year ago. But we could be…
Japan’s Huge Stimulus Plan: A Bold Roll of the Dice
Young Japanese of 23 has never known anything but a wheezy, punked-out, slump-shouldered Japan—a country that has been in and out of recession and deflation since its famous bubble burst in 1990. Now this is supposed to change—big time. Analysts…
Is North Korea Done With Its March Madness?
Another wacky, worrisome week passes on the Korean peninsula. Kim Jong–un, North Korea’s intensely unpredictable leader, has threatened to attack the “U.S. mainland” with nuclear-tipped missiles. He has declared a state of “all-out war” with South Korea. On Saturday, Pyongyang…
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