Tuesday September 01, 2015
July 16th, 2015
Thomas Piketty, the French economist whose book "Capital in the Twenty-First Century" took the world by storm last year, is back in the spotlight as Greece teeters on the edge of bankruptcy's abyss. Germany, Piketty argued in a recent interview with Die Zeit newspaper, "has no standing to lecture other nations" because it is "the country that has never repaid its debts."
As he barreled around the field, Calvin Coolidge - the taciturn, lackluster president remembered by nobody - shoved Honest Abe aside, then sprinted to the finish line just in time to push poor Teddy into the dirt, bagging a win on his first outing.
How Washington is that?
Greek Finance Minister Yanis Varoufakis's resignation -- even after Greek voters firmly backed the government's refusal to accept its creditors' demands for economic austerity -- is the clearest sign yet that Prime Minister Alexis Tsipras is serious about getting a new bailout deal. Unfortunately, it's probably too late to keep Greece in the euro.
It's tempting to celebrate the demise of the U.S. Export-Import Bank, whose authority expired last week. The bank, which subsidizes the sale of U.S. goods abroad, is held up by its congressional critics as an example of crony capitalism.
A Ukrainian military unit last week released footage from a drone showing a large new Russian military base in eastern Ukraine, equipped with T-72 tanks, barracks, communications equipment and even a parade ground. International observers reported "increased intensity" of fighting in the region, in violation of a cease-fire.
Europe dodged a bullet on Sunday. Confounding many predictions, Greek voters strongly supported their government’s rejection of creditor demands. And even the most ardent supporters of European union should be breathing a sigh of relief.
Sometimes history speeds up. Rarely in our nation's 239 years of life has a single week brought such a surge of social change and such a sweeping set of challenges to past assumptions.
Judge A. Joseph Antanavage, with shotgun in hand, stood before a modified Confederate battle flag, and looked as if he had planned to defend whatever it is that the Confederate flag stands for.
The Supreme Court's decisive 6-3 vote confirming the right of all Americans to federally supported health-care insurance should end the Republican Party's losing war on Obamacare -- but it probably won't.