Why 2015 Will Make or Break a Spate of Global Alliances
U.S., Russia, Iran, China, Europe all face loyalty tests Call it the “Year of Tenuous Ties” as new alliances take shape Obama has to rethink his approach to both Russia and China Last January this column nominated 2014 as “the…
A New Leader Could Lift Greece—and Europe—Out of Crisis
Monday’s parliamentary vote could signal an end to austerity The social-democrats want to solve the humanitarian crisis first Then stimulate the economy and bring jobs back to Greece It’s all eyes on Athens this week. There have been many significant…
Ukraine Starts Its March to Free-Market Capitalism
Ukraine watchers, to say nothing of Ukrainians, had better fasten their seatbelts. The passage of a former Soviet republic to free-market capitalism is about to begin. None of the players involved in this transition — the Poroshenko government in Kiev,…
These are lies the New York Times wants you to believe about Russia
Our sanctions caused Russia’s downturn. They protect Big Oil, the well-connected, and make the world more dangerous You can look at the Russian economy two ways now and you should. So let’s: It is an important moment in the destruction…
Why the Hell Does Mario Draghi Want to Leave the ECB Now!?
What would happen to Europe’s prospects for recovery if Mario Draghi left his job as president of the European Central Bank? Would Draghi’s plans to implement an ambitious policy of monetary stimulus get bulldozed by German inflation hawks and others…
As Deflation Looms, It’s Europe’s Moment of Truth
Europe is in trouble… Again. This time, Europe is on the brink of disastrous trouble. This, unfortunately, seems to be news not yet delivered to many European Union technocrats—in particular, many Germans. It starts to look reckless for policy makers…
Why Google and Uber Are Playing Badly in Europe
Big data is in Big Trouble in Europe—Merkel won’t forgive NSA spying. Google faces an antitrust suit that could break up the company in Europe. Ubergeddon goes global as Singapore also imposes a ban. Things aren’t looking too good across…
How China and Russia Out-Maneuvered Obama in Asia
President Obama brought a climate agreement back from his trip to Beijing last week, and Democrats and the media advertise it as a triumphant step in the U.S.-China relationship. At the weekend, he was in Brisbane for a G-20 meeting…
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…
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…
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