French Protestors: “Where Are You Americans?”

french protests

French Protest While American Left Remains Silent The headlines are ablaze with reports of strikes in France, and the strikes are getting increasingly intense. As the date arrived for the Senate to vote on the legislation to increase the retirement age (the lower house, the National Assembly, already had passed it), things began coming to a head. Protesters blockaded Marseille's airport … [Read more...]

Slash Social Security? No – Double It

ss check

In the aftermath of the Great Recession, a debate over Social Security is heating up. So far, the debate has been between those deficit busters who say Social Security must be trimmed back to reduce government indebtedness, and others who want to maintain it as is.But the New America Foundation just released a study that proposes a different approach: doubling the current Social Security … [Read more...]

Europe’s Challenge: “Out of Many, One”

european map

With relief, Europe has made it to the end of the summer holiday season with the worst of the Greek/euro zone debt crisis behind it. Defying the gloomy headlines, the eurozone did not disintegrate; indeed this crisis, like previous ones, provided a shove toward further economic integration.But much uncertainty remains, primarily because the challenge is not simply a technical one of crafting … [Read more...]

Shorting Economists: The ‘Experts’ Keep Getting it Wrong

economy

The Economy - Economists Keep Getting it WrongThat modern-day guild known as “economists” has been on a self-righteous rampage lately. This latest rash of finger-wagging was kicked off by the Greek debt crisis. Looking at tiny Greece, these economic Cassandras foresee a menacing future for the entire global economy if President Barack Obama and Europe don’t rein in their budget deficits. … [Read more...]

Angela Merkel: The World’s ‘Most Valuable Leader’

angela merkel

Forget Barack Obama. Forget the Hu Jintao/Wen Jiaboa duo, or David Cameron or Vladimir Putin. Germany’s Chancellor Angela Merkel is the world’s most important leader. The latest report showing Germany’s economy growing at a blistering annual rate of nearly 9%, well into recovery from a US-made economic collapse, is just further evidence of the obvious. Despite her carping critics who have … [Read more...]

The Economic Fallacy of ‘Zombie’ Japan

happy worker

Japan has been getting a raw deal from the so-called economic experts. Consider this: in the midst of the great recession, the United States is suffering through nearly 10% unemployment, rising inequality and poverty, 47 million people without health insurance, declining retirement prospects for the middle class and a general increase in economic insecurity. Various European nations also are … [Read more...]

Europe’s Post-Copenhagen View of Obama

Obama in Copenhagen

The Copenhagen summit on climate change taught Europe a hard lesson about its trans-Atlantic partner. Great hope had greeted President Obama when he replaced George W. Bush at the American helm, but a year later Europeans are realizing that Mr. Obama is going to have a very difficult time delivering on his agenda.During the Copenhagen summit, the American media portrayed President Obama as a … [Read more...]

Senate “Minority Rule” Is the Disease, Not the Cure, for Health Care Reform

No

As the nation girds itself for an epic battle over health care reform, all eyes will be on the U.S. Senate. That chamber, whose members often refer to themselves as the world's most deliberative body, more accurately can be described as the least representative body outside Britain's House of Lords, where "minority rule" strangles reform on a regular basis.While Republicans warn against the … [Read more...]

To Succeed, Obama Needs to Channel His Inner LBJ

Following President Barack Obama's speech on healthcare last week, several pundits said it was a performance worthy of Harry "Give 'em Hell" Truman. After his election, he was likened to Presidents Abraham Lincoln and Franklin Roosevelt. But for the coming battle over healthcare reform, Mr Obama needs to step into the shoes of President Lyndon Baines Johnson. Especially when it comes to lining up … [Read more...]

America’s Failed Model for the World

EU

Europeans are shaking their heads over their American friends again. Whether talking to people in the street, in the cafés or to journalists or political leaders, everyone here asks me the same question: Has America lost its mind? Town halls filled with angry citizens, shouting at their elected leaders, some of them armed with guns and threatening signs? Besides the media spectacle of these … [Read more...]

China and the Long Road Ahead

During the Olympics, China showed the world that it can throw a heck of a coming out party. But traveling here afterward, one sees the many complexities and challenges facing this vast and ancient land. … [Read more...]

China’s Robber-Baron Ways

Only a short time after China's magnificent Olympic coming-out party, the land of Mao's successors found itself making less celebratory news. … [Read more...]