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Obama Uses Budget to Set Election-Year Priorities
By Jackie Calmes
Washington — President Obama’s final budget request of his term amounts to his agenda for a desired second term, with tax increases on the affluent and cuts in spending, especi…
Eurozone Debt Web: Who Owes What to Whom?
Source: Bank for International Settlements, IMF, World Bank, UN Population Division
The circle below shows the gross external, or foreign, debt of some of the main players in the eurozone as well as …
The Federal Bailout of AIG
Today the House Committee on Oversight and Government Reform held hearings on: “The Federal Bailout of AIG” to examine the Federal response to the collapse of AIG. The hearing will focus on the deci…
Putin Says Geneva Agreement No Longer Viable After Ukrainian Military Action
By Alec Luhn
A spokesman for Vladimir Putin said the Geneva agreement to defuse the situation in eastern Ukraine was no longer viable after Kiev launched a military operation against the rebel-held c…
A 4th of July Message from a Senior German Banker
By Folker Hellmeyer, Translation Lars Schall
Since 1997 – 2004, the U.S. was changed from an income-driven economy into an economy, whose economic performance is determined by political control of …