Worries Grow About Breadth of Debt Crisis
Posted in Main Blog (All Posts) on June 18th, 2011 4:31 am by HL
Worries Grow About Breadth of Debt Crisis
Graham Bowley, NY Times
The tumult in the European monetary zone is spreading concern among investors of a broader crisis in financial markets from Ireland to Spain.The worry is that the worst case, a Greek debt default, would lead to damaging losses for European banks and spur a global panic, replaying the events of September 2008. Then, investors fled all but the safest government debt, unloading everything from corporate bonds to American and emerging country stocks. Global markets froze.
Republicans Return to Reality
Peggy Noonan, Wall Street Journal
First impressions from a presidential debate are always about how things look, how people come across. Tim Pawlenty doesn't really assert, he natters. Rick Santorum is earnest, Michelle Bachmann serious. Mitt Romney knows how he looks in every camera shot from every angle: He is a master of the cutaway shot, when the camera isn't on him. He keeps his posture and maintains a kindly smile, as if he's pleased the other candidates are sharing their nice little thoughts.But the GOP debate in New Hampshire was a big success in two ways. First, there was no obvious candidate…
Recovery Summer, One Year Later
Speaker John Boehner, National Review
One year ago today, the Obama administration launched its “Recovery Summer” publicity tour to bolster flagging support for the “stimulus.” Vice President Biden said, “The fact is, the recovery act is working.” But the fact is, it didn’t. “Recovery Summer” fizzled, much like the “stimulus” itself.Republicans have a real blueprint for job creation — the “Plan for America’s Job Creators.” What makes our plan different is that it focuses on one…
GOP’s Remarkably Poor Show in New Hampshire
Bob Shrum, The Week
Newt Gingrich usually resides on a separate astral plane. But out of stubborn pride or the momentary regeneration of the rusty sense of strategy that bought the GOP control of the House in 1994 — for the first time in four decades — the former House speaker and soon-to-be-former presidential candidate dared one of the few sensible comments in the recent New Hampshire debate. He essentially repeated, in muted form, his earlier critique of Rep. Paul Ryan’s proposal to save Medicare by destroying it. This time, Gingrich didn’t call it …
