Monetary Easing’s the Game, but It Can’t Fix Economies By Itself
It’s all forces to the deflation front now, except when the troops are fighting inflation. Either way, monetary policy is now the confirmed fashion as all three of the leading economies—Europe, Japan, and the U.S.—simultaneously put their faith in money…
Ukraine’s Election Poses Big Questions for the U.S.
Ukrainians went to the polls Sunday to elect a new parliament, and when the results are official, it is almost certain they will have a legislature with new faces and a confirmed tilt westward. That will surely please Washington and…
Europe Faces Anti-Austerity Mutiny as Crisis Looms
The running theme at the meeting of European Union leaders in Milan last week was, “The toolbox is empty. Nobody knows what to do next to get Europe’s economies out of the ditch.” News reports from Milan correspondents told a…
Europe’s New Recession Is One Just One of the West’s Problems
After the mini-avalanche in the markets last week, it would be comforting to conclude they are oversold and investors will soon come to their senses. Could be. But behind the clear indications of slower growth in Europe, Asia, and elsewhere,…
In Hong Kong, the Democrats Will Go Down Swinging
China has unleashed its thugs on the peaceful demonstrators Beijing wants to turn Hong Kong into Singapore—sort of. “You get a refrigerator, a TV, and a small car, but no voice.” It is hard to read the news reports and…
Five Reasons to Listen to Hassan Rouhani
Why should the watching world, and especially we wary Americans, trust Hassan Rouhani, Iran’s charismatic new reformist, now that he has completed what the more suspicious among us call his “charm attack” at the United Nations? There are answers, even…
An Obama Failure with Iran Seems Inevitable
A year ago, under skies as sunny as we’ve had lately, Iran’s just-elected president, Hassan Rouhani, had his premiere at the United Nations and popped open the door to a settlement on his nation’s nuclear program and a cooperative relationship…
Obama’s ISIS Strategy Will Be His Jimmy Carter Moment
The Obama administration is now so tongue-tied it can’t tell us what it is about to do in the Middle East. So let’s pitch in: The Obama administration is going to war in Iraq and Syria. Having settled that, the…
Why ‘Bravehearted’ Scots Will Vote for Independence
Remember Paul McCartney’s odd protest song after Ireland’s “Bloody Sunday” in 1972? “Give Ireland back to the Irish,” it went, “make Ireland Irish today.” Now it’s Scotland’s turn. The Irish got it done with generations of grinding violence and then…
The Mess Obama Made on the Way to the So-Called Ceasefire in Ukraine
Assuming the ceasefire declared in Ukraine as of sundown Friday holds—and the early signs are favorable—we celebrate the end of a conflict that has claimed a startling 2,600 lives since it broke out in April. But not so fast. It’s…
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