Relevant and even prescient commentary on news, politics and the economy.

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Where are the unions?

In These Times Grupo Santander, the global banking giant, last year took control of Sovereign Bank. The largest bank in the Euro-zone, where it is based, Santander is the world’s…

Not all of Europe is in free-fall

Rebecca Wilder Poland: the bull of eastern and central Europe. While most of central and eastern Europe are either defending exchange rate pegs – this limits the ability to stimulate…

Deficit from 12.9 to 3 per cent?

…year. The dollar extended declines today after Treasuries and American stocks slumped on concern the U.S. government’s debt rating may at some point be lowered. Bill Gross, the co-chief investment…

Milton Friedman Meets Robert Klitgaard

…obviously we all knew that average SAT scores of African Americans are lower than those of Euro-Americans so the SAT was presumably biased against African Americans (I mean if interpreted…

The Bush Economy by Karl Rove

…jobs than all the countries in the Euro zone and Japan combined, and our economy is growing today faster than that of any major industrialized nation in the world. It…

Iran – Did Anyone Say Imminent Threat?

…“E.U. Three.” … Ah, success. Instead of being years away from the point of no return for an Iranian bomb, as we were before we allowed Europe to divert anti-proliferation…

Good News for European Real GDP as well

Kash detailed the latest good news on U.S. real GDP growth. Eurostat provides a link entitled “Euro-zone and EU25 GDP up by 0.6%” (approximately 2.5% per annum) for the third…