Athenian democracy was an experiment in direct democracy where the people did not vote for elected officials but rather voted on specific legislation. The Greeks are now poised to once…
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Posted in Global Economy
Tagged Europe debt crisis, European Central Bank, European Union, Eurozone, Greece
European policymakers have been trying to get a handle on the sovereign debt crisis for almost two years, holding summit after summit to little avail. Was the 14th time a…
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Posted in Global Economy
Tagged Europe debt crisis, European Union, Eurozone, Greece, Italy
I had two sharply contrasting conversations on the floor of the New York Stock Exchange late last week, but they both underscored the same point: good things often come to…
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Posted in Investing
Tagged Europe debt crisis, fiscal policy, investment portfolio, investors, monetary policy, stock market, U.S. budget
This morning I flew back to New York from a series of client meetings in New Orleans via Newark Liberty Airport, and my flight was on time—actually a little early….
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Posted in U.S. Policy & Politics
Tagged economic recovery, education, emerging markets, Europe debt crisis, industry, infrastructure, labor, state funding, taxes
Repeated efforts to unite Europe under a common vision mark the strained history of the continent. What neither Napoleon’s cannons nor Hitler’s tanks could accomplish by force was supposed to…
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Posted in Global Economy
Tagged bonds, debt, economic policy, euro, eurobonds, Europe debt crisis, European Central Bank, European Union, Eurozone