Posts Tagged ‘bailout’

German and British taxpayers are beginning to realize the downside of our economic interdependence in the global economy. When British banks have too much exposure to Irish banks, all of a sudden Dublin’s property crash becomes the UK’s problem. Similarly, when German taxpayers have to bail out bankrupt governments in Athens and Dublin, Greece and [...]

Share

It took two tries, but I finally got past the ash cloud and made it to Lisbon to promote the Portuguese edition of my book. What I found when I got there was a country already preparing itself for the new smaller world that my book predicts. The European monetary union is a vestige of [...]

Share

There are many factors associated with Barack Obama’s plunging popularity. Botched health care reform certainly hasn’t helped. Neither has a near double-digit national jobless rate, nor a $1.6 trillion budget deficit. But what outrages American voters most is the billions of dollars given to Wall Street investment bankers, who continue to live la dolce vita [...]

Share

As North American taxpayers take a look at the gleaming new models on display at Detroit’s auto show this week, they might well ask themselves just why they poured billions of dollars into saving GM and Chrysler when no one else would. Politicians, local car dealers, parts suppliers and the auto workers’ unions told them [...]

Share