Are the Greek Riots a Picture of Our Future?
Posted in Main Blog (All Posts) on May 11th, 2010 4:32 am by HL
Are the Greek Riots a Picture of Our Future?
Bill Frezza, RealClearMarkets
We caught the last flight out of Athens, moments before Greece descended into madness. The news images of fire bombs being thrown on the same streets we walked the day before confirmed our decision to get out while we still could. But will the spiraling chaos convince Americans to give up the cherished delusion that we can go on consuming more than we produce before we experience a Greek tragedy of our own?The spectacle of government workers, cranky retirees, militant unionists, and mad dog socialists locked arm in arm protesting reality is a sight we'd better get used to. The Germans…
House Could Vote on DADT Repeal This Month
Clegg Has Chance to End British Tribalism
Julian Glover, The Guardian
A couple of years back, progressive audiences flocked to arthouse cinemas to see a clever German film. Good Bye, Lenin! told the story of an elderly East German woman who had to be protected from news of the fall of the Berlin Wall. Her family rustled up a reasonable facsimile of life under communism, digging out Soviet-era jam and ersatz coffee. Soon, someone may have to do something similar for Gordon Brown. Perhaps they could build a 10A Downing Street, where Charlie Whelan, Ed Balls and Damian McBride could read out old copies of the Daily Mirror, while David Cameron and Nick Clegg settle…
In Bed With Fannie and Freddie
Euro State Appears Before Our Eyes
Ambrose Evans-Pritchard, Telegraph
“It is an absolute general mobilization: we have decided to give the eurozone a veritable economic government,” said French president Nicolas Sarkozy, once again basking as Europe's action man. “Today we have an attack on the whole of the eurozone. This is a systemic crisis: the response must be systemic. When the markets open on Monday morning we will be ready to defend the euro.”Great caution is in order. German Chancellor Angela Merkel has so far said little. The descriptions of the deal agreed by EU leaders in the early hours of Saturday are coming…
