Tag Archives: Greece

P.J. O’Rourke: Dear Mr. President, Zero-Sum Doesn’t Add Up

  Is life like a pizza, where if some people have too many slices, other people have to eat the pizza box?   By P.J. O’ROURKE Given that hypocrisy is an important part of diplomacy, and diplomacy is necessary to foreign policy, allow me to congratulate you on winning a second term. I wish I [...]

Posted in Barack Obama, China, Economy, Euro Zone, Foreign Policy, Greece, Iraq, Israel, Mitt Romney, Solid Principles, Wall Street Journal, War on Terrorism | Tagged as: , , , , , , , , , , , , , ,

Revenge of the Mediterranean Man

  He’s on the march in Europe and North America By: Michael Knox Beran In antiquity the Mediterranean peoples despised the yokels of northern Europe. The “masters of the fairest and most wealthy climates of the globe,” Gibbon says, “turned with contempt from gloomy hills assailed by the winter tempest, from lakes concealed in a [...]

Posted in Barack Obama, Europe, Greece, NRO, Solid Principles | Tagged as: , , , , , , , , , , , , , ,

U.S. Companies Brace for an Exit From the Euro by Greece

THE NEW YORK TIMES Even as Greece desperately tries to avoid defaulting on its debt, American companies are preparing for what was once unthinkable: that Greece could soon be forced to leave the euro zone.   Bank of America Merrill Lynch has looked into filling trucks with cash and sending them over the Greek border [...]

Posted in Banks, Euro Zone, Europe, Foreign Politics, JPMorganChase, NYT, Overseas Markets | Tagged as: , , , , , , , , ,

Avoiding the ‘Doom Loop’

Romney plans to steer us away from the Greek example. By Jim Geraghty Mitt Romney on getting Americans to focus on the difficult, sometimes abstract issues of the deficit and accumulating national debt: “I think it helps to translate the federal-debt and unfunded-liability numbers into personal numbers. The total amount of accumulated debt and unfunded [...]

Posted in 2012 Presidential Race, Barack Obama, Economy, Mitt Romney, National Debt, National Review, NRO, Republican Presidential Race, Solid Principles | Tagged as: , , , , , , , , ,

The stunning decline of Barack Obama: 10 key reasons why the Obama presidency is in meltdown

By Nile Gardiner The last few weeks have been a nightmare for President Obama, in a summer of discontent in the United States which has deeply unsettled the ruling liberal elites, so much so that even the Left has begun to turn against the White House. While the anti-establishment Tea Party movement has gained significant [...]

Posted in 2010 Elections, Afghanistan, al Qaeda, Barack Obama, Budget, Economy, Energy Issues, Foreign Policy, Gallup Poll, George W. Bush, Greece, Iran, Iraq, National Defense, Offshore Oil Drilling, Polls, Rasmussen Reports, Solid Principles, Tea Party, U.S. Military, War on Terrorism | Tagged as: , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Greek strikers march on parliament against cuts

ATHENS, May 20 (Reuters) – Thousands of striking Greeks marched on parliament on Thursday, in a test of the government’s resolve to implement tough austerity measures demanded by the EU and IMF to drag Greece out of its debt crisis. The strength of the march will indicate whether anger against the government’s wage cuts, tax [...]

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Brazil Stocks Decline Early Tracking Worries Abroad

By Gerald Jeffris: Of DOW JONES NEWSWIRES BRASILIA (Dow Jones)– Brazil’s Bovespa stock index extended recent declines in early trading Friday as the local market followed trends abroad spurred by continued concerns over fallout from fiscal woes in Europe. As of 1345 GMT, the main Sao Paulo stocks index declined 1.8% to 63,569 points after [...]

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Five Greek Myths, 2010 Version

By David Wessel Economist Carmen Reinhart of the University of Maryland is enjoying more celebrity than usually accrues to scholarly geeks thanks to a well-timed book, “This Time Is Different: Eight Centuries of Financial Folly,” co-authored with Harvard’s Kenneth Rogoff. In an op ed essay in Sunday’s Washington Post, Carmen Reinhart and her husband, Vincent, [...]

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U.S. Stock Futures Claw Back Gains After Tumult

By STEVE GOLDSTEIN U.S. stock futures rose Friday after one of the most tumultuous sessions in history, ahead of key nonfarm payrolls data, as investors eyed Greece developments and the outcome of tight U.K. elections—and braced for further volatility. Over three hours before the start of trading, Dow Jones Industrial Average futures added 37 points. [...]

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Crisis Deepens; Chaos Grips Greece

ATHENS—Greece’s fiscal crisis took a new turn to violence Wednesday when three people died in a firebomb attack amid a paralyzing national strike, while governments from Spain to the U.S. took steps to prevent the widening financial damage from hitting their own economies. U.S. Treasury officials have been quietly urging their European and International Monetary [...]

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