4:19 PM, Jun 18, 2015 • By GEOFFREY NORMAN
We have been hearing, for so long now, that the end is nigh in the crisis of the Greek economy that it is hard to take another such warning seriously. The problem of Greece, like so many others, seems to have no end, no resolution and, even, no point. Unless, that is, you are a citizen of Greece. Then it is your life.
But now, as Bloomberg has been reporting, the Greeks may be running out of road. Mark Deen and Stephanie Bodoni write:
International Monetary Fund chief Christine Lagarde said Greece won’t be given a grace period if it fails to make a payment of about 1.5 billion euros ($1.7 billion) to the fund on June 30, setting a hard deadline for the indebted nation to reach a deal with creditors.
The consequences of a default have been widely discussed and speculated upon and or the average American with many other things to worry about, the particulars may not seem especially pressing. At a minimum, it is widely agreed that they won’t be pretty. But a failure of the international arrangements that make Greece a part of the Eurozone would be another crack in the structure of global trade and economic arrangements.
Sort of like the consequences of union opposition to fast track in the U.S., which Charles Lane details quite handily here.
There is a disturbingly, wrong-headed, 1930s quality to all this.
Environmentalism’s biggest clown and greatest monster.12:45 PM, Jun 2, 2015 • By JONATHAN V. LAST
Everyone is talking about the New York Times piece exposing how utterly wrong, willfully blind, and insanely dangerous Paul Ehrlich is, and has been, for the last forty-seven years. There’s video, too.
This is great, I guess.
12:00 AM, Jan 10, 2015 • By IRWIN M. STELZER
It’s us against them—an American economy on the upswing vs. a global economy that definitely is not. Last year the U.S. economy added almost 3 million jobs, the largest number in fifteen years. The headline unemployment rate is down to 5.6 percent, and the so-called U-6 unemployment rate, which includes workers involuntarily working short hours and those too discouraged to look for work, although still too high at 11.2 percent, is at its lowest level since 2008.
'Chances of an Ebola outbreak in the United States is extremely low.'
8:23 PM, Oct 6, 2014 • By DANIEL HALPER
President Barack Obama addressed the growing Ebola crisis today in the Roosevelt Room of the White House.
"As I’ve said from the start of this outbreak, I consider this a top national security priority. This is not just a matter of charity -- although obviously the humanitarian toll in countries that are affected in West Africa is extraordinarily significant. This is an issue about our safety. It is also an issue with respect to the political stability and the economic stability in this region," said the commander in chief.
12:04 PM, Oct 3, 2014 • By JERYL BIER
Speaking at the John F. Kennedy Forum at Harvard Kennedy School in Boston, Massachusetts last night, Vice President Joe Bidengave an extensive rundown of foreign policy challenges and crises that the world and the Obama administration are facing today.
1:18 PM, Aug 21, 2014 • By DANIEL HALPER
The world is exploding, as Defense Secretary Chuck Hagel said last week. But President Obama is going golfing -- again.
Via the pool report:
Admit it. You all made small-dollar bets that POTUS would be playing golf today. And ... you would be right! We are at the Farm Neck Golf Club at 1:13 pm. and POTUS is hitting the links again.
The White House sends the following: Partners:
2:32 PM, Aug 14, 2014 • By EDWARD ALEXANDER
In a Wall Street Journal op-ed piece of August 6 about “the surge of poisonous anti-Semitism around the world, particularly in Europe,” Andrew Nagorski had the temerity to note that “the president [Obama] has not prominently addressed the subject of rising anti-Semitism in Europe, much less its pervasiveness in the Muslim world.” This is, of course, an understatement.
9:01 AM, Aug 13, 2014 • By JERYL BIER
Fresh off a trip to India and Australia, Secretary of Defense Chuck Hagel addressed a group of Marines in San Diego, California Tuesday, and may have delivered a line that will show up in Republican campaign ads this election cycle.
12:00 AM, Jun 21, 2014 • By IRWIN M. STELZER
And we thought the bad old days of oil shocks were over. Embargoes, price spikes, gasoline lines in America, a sweater-bedecked president ordering the end of hot water in many facilities, collapsing retail sales as high gasoline and energy prices hit stores as much as a big tax increase would, economic stagflation, or worse. Well, it just might be that we were wrong to believe that danger to our continued prosperity has been removed with the death of theories about “Peak oil.”
11:38 AM, Jun 15, 2014 • By DANIEL HALPER
Hillary Clinton says that the "American political system is probably the most difficult, even brutal, in the world." She made the comments in a recent interview:
“Politics is so unpredictable, whoever runs has to recognize that the American political system is probably the most difficult, even brutal, in the world,” said Clinton.
10:41 AM, Mar 20, 2014 • By GEOFFREY NORMAN
These days, the National Aeronautics and Space Administration has time on its hands.
12:32 PM, Feb 4, 2014 • By GEOFFREY NORMAN
Hard to blame anyone for wanting to get out of Washington and flee to some destination where the air is not polluted by politics. Understandable, then, that as Shane Goldmacher of Government Executive writes:
Remembering Pearl Harbor.9:25 AM, Dec 7, 2013 • By GEOFFREY NORMAN
It has been 72 years and veterans of the attack are in their 90s, some of them taking tourists out to the memorial built over the sunken battleship Arizona, which is still leaking oil. Almost 1,200 men were killed and went down with that ship when a bomb found its magazine and blew it up. Total losses that day were over 2,500 killed, 1,000 wounded. Material losses amounted to 18 ships and nearly 300 airplanes destroyed or severely damaged.