Blog Archives

Economics 101 for America: The Lessons the US Refuses to Learn

The often repeated quote from Santayana comes to mind more frequently than ever these days: “Those who fail to learn from history are doomed to repeat it.” That the American government is forgetting the lessons of history is true in

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Posted in Economy, US

Suicide Bomber with US ID Blamed in Bus Bomb; Israel Promises Swift Response

BURGAS, Bulgaria — The attack on a tour bus carrying Israeli vacationers outside the airport here was carried out by a suicide bomber carrying fake American identification, officials said on Thursday. There were conflicting reports on the number of dead.

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Posted in Terrorism, World

New Greek PM Has Tough Job

Greece’s new leader Lucas Papademos has been named interim Prime Minister to replace George Papandreou and he has a tough job. The problems must be addressed quickly, before the country falls into a state of collapse. Papademos must steer his

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Posted in World

Europe’s Economy is On Life Support

Italy’s Prime Minister Silvio Berlusconi has lost the fight for the life of his government , as Italy’s bond yields (the country’s cost of borrowing) surged over the critical 7% mark. He has promised to resign once Italian lawmakers pass the

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Posted in Economy, World

Italy Fights Economic Collapse

Italy’s  Prime Minister Silvio Berlusconi is fighting for the life of his government over the European Union’s demands for stronger economic reform measures in time for Wednesday’s eurozone summit. Even as Berlusconi struggles to find solutions for Italy’s economic crisis,

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Posted in World

China, Not Greece

Hardly a day goes by that we are not treated to one report or another about the Chinese economy.  One day the report is about how the Chinese economy will overtake the U.S. economy as the largest in the world

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Posted in Economy, World