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…
Housing Market Still Needs Government Support
There is no immediate action on Fannie Mae and Freddie Mac in the offing, but the knives in Washington are clearly out for the two mortgage behemoths, whose failings and excesses helped foster the housing crisis. In fact, there are…
Why London Is Burning (Hint: It’s Not Just Thugs)
London is starting to look at lot like Athens did a few weeks ago—and so are Birmingham, Manchester, Liverpool, and other British cities with large populations of underprivileged urbanites, white and minority alike. And it is no coincidence. These are…
U.S. Budget Crisis: Lessons from the Brits
The government shutdown may have been averted, but the fiscal dispute confronting Washington is about to get even louder. Congress once again has to agree to raise the debt limit or default on our obligations which could have “catastrophic” consequences for…
The Deficit: Congress Fiddles as America Loses Ground
The recent news from Germany is encouraging for Europe—and sobering for the U.S. Beating all forecasts, unemployment has plunged to its lowest level in nearly 20 years. Business and consumer confidence is hitting records. It is getting hard to flinch…
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