American decline is the conventional wisdom, as the United States suffers from high unemployment, crushing debt, and political gridlock. Here's the bigger picture: a competitive and innovative economy, reliable allies, a superior military, and foreign autocrats on the run.
12/19/2011 10:30 am
European stocks as well as the euro dropped as optimism from last week's euro crisis summit yielded to tough questions about the EU's ability to avert fresh crises.
12/14/2011 09:19 am
Trade and economic interaction happens with countries outside of the Eurozone as well.
12/08/2011 06:00 pm
Images of Greek protesters waving signs of German Chancellor Merkel in Nazi uniform have troubled Germans. Many in struggling eurozone countries resent Merkel's hard line.
12/04/2011 10:12 am
Every year, the group Transparency International releases its Corruption Perception Index, which measures the perception of corruption – misuse of public resources, bribery, and backdoor deals, to name a few – in countries worldwide. On a scale of 0 (most corrupt) to 10 (least corrupt), no country scores a 10 and more than two-thirds of the 183 countries on the index score below a 5. The US comes in at 7.1. The index is built using data from surveys examining enforcement of anticorruption laws, tracking of public funds, kickbacks in government contracts, etc.
12/01/2011 02:23 pm
Europe debt crisis solution would be joint-issued euro bonds. Germany denies reports that it has initial plans to solve Europe debt crisis with euro bonds issued by nations with triple A credit.
11/28/2011 09:21 am
Yesterday, investors began dumping bonds, even in stronger economies like Austria and Finland. The sell-off shows a need for bolder solutions to the European debt crisis, say some.
11/16/2011 11:57 am
European politicians reacted angrily and financial markets slid after Greek Prime Minister Papandreou stunned Europe with the announcement of a Greek referendum on latest aid package.
11/01/2011 12:00 pm
Mao Zedong's 'ping-pong diplomacy' thawed Chinese-US ties. Could Kim Jong-il's 'golf club diplomacy' do the same for North Korean-US relations?
10/04/2011 06:11 pm
Greece revealed today that it is in more dire economic straits than envisioned when a €110 billion bailout deal was agreed to this summer, sparking concern that Europe’s debt crisis could deepen.
10/03/2011 01:35 pm