In an interview, the former president of Chile, Ricardo Lagos, says that today’s global financial crisis is mainly a political failure rather than an economic one. The US will probably do much better in its financial recovery because its central bank, unlike Europe’s, has the powers it needs.
Chevy chooses famed Daytona speedway to unveil the 2014 Chevrolet SS. The sporty Chevy SS marks the first time in 17 years that the company is marketing a rear-wheel-drive sedan.
Vladimir Putin, once again in the Kremlin's top post, faces a far more divided Russia than he did during his first stint, and he's taking a more authoritarian line to match.
The G8 summit at Camp David failed to find a plan for economic growth in Europe and to deal with a euro crisis that goes beyond debt. It may seem strange to propose that the world’s second-richest continent needs a global rescue. But today’s European consumers are too fearful to spend.