Things are happening in Europe, and those things will not help our sick economy. Government bonds of Greece were downgraded to junk status and interest spiked at 23 percent. That is the interest on a loan a Greek with excellent credit would pay. If he could get a loan. (more)
For months the top leaders of the European Union resisted the idea of a bailout for Greece, wringing their hands over the estimated $61 billion cost. While the jawboning continued, the infection took hold. (more)
The PIIGS of the European Union are broke. Today’s clever acronym for the EU nations of Portugal, Italy, Ireland, Greece and Spain—PIIGS—is quite apt. They have been living high on the hog for years, propping up socialist programs with borrowed money. Now their debts are mountainous, their economies are slowing, and their lenders are leery. Moreover, if we examine the European crisis carefully, we find it has already arrived in America. (more)
The Trojan Horse inside the world’s financial fortress is the European Union. Lurking in it are Greece, Spain, Portugal and Ireland. When they finally spring into the daylight and are seen by multinational banks and lenders, a second financial meltdown will begin. (more)
The Real IRA has claimed responsibility for a bomb that exploded this morning in a hijacked taxi behind a British army barracks in Holywood, Co Down. (more)
Canadians hosted hundreds of American air passengers whose planes were grounded on 9/11. They opened their hearts and their homes to us. During the Iranian hostage crisis of 1979-81, fearless Canadian diplomats in Tehran helped smuggle out of that maddened country endangered Americans. (more)
I should say at the outset that I was a brutish brother at times growing up. The second eldest of five children, I made the lives of the other four—at some point—downright miserable. (more)
The National Broadband Plan was released this past Tuesday with a vision for broadband in America. The Plan proposes two goals for broadband access: a “universalization target of 4 Mbps [megabits per second] download and 1 Mbps upload,” as well as a goal that “100 million U.S. homes should have affordable access to actual download speeds of at least 100 Mbps and actual upload speeds of at least 50 Mbps by 2020.” Our analyses compare universal broadband speed goals with multiple other countries from around the globe. (more)
ROME — Even as Pope Benedict XVI, faced with a sexual abuse scandal spreading across Europe, has called on victims to come forward and urged clerics to cooperate with civil justice, those strong words are running up against the complexities of his past. (more)
RIO DE JANEIRO — Brazilian authorities are investigating three priests accused of sexually abusing altar boys after a video allegedly showing one case of abuse was broadcast on television, police and church officials said yesterday. (more)
The mother of a Colorado nursing student who fled to Europe to join a terrorist murder cell described her daughter as an “insecure” person who “had no idea what she was getting herself into.” (more)
The Washington D.C. Shakespeare Theatre Company chose its plays wisely this year. Just as the country is searching for skilled leadership to deal with the economic crisis, the continued violence in Iraq and Afghanistan, the massive government deficit, and the Iranian nuclear threat, the Theatre is offering its Leadership Repertoire—two months of concurrent performances of Henry V and Richard II. (more)
Why was I alive? (more)
When young voters helped lift Barack Obama to the presidency in November 2008, pundits pointed to the “wave” of Millennials that showed up to the polls as proof of a permanent sea change in politics. It was the dawn of Generation O and, for Republicans, the beginning of a potentially long, unpleasant period of wandering in the woods. (more)
A representative for Alec Baldwin has dismissed fears for the star’s health, insisting the actor’s admission to hospital in the early hours of Thursday morning was a “misunderstanding.” (more)
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