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Whither the U.S. Dollar

Otaviano Canuto | Posted 05.25.2011 | World
Otaviano Canuto

Is the U.S. dollar really doomed? Many voices are now proclaiming the eventual demise of the dollar. But not so fast -- there is room for more than one international currency.

What Greece Needs Now Is a New Hero

Vanessa Andris | Posted 05.25.2011 | World
Vanessa Andris

The critical function that a new hero can perform to bring Greece back from the brink of bankruptcy is to tap and redirect the passion that drove them there.

Why Have Nations at All? The Case for Economic Borders

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

Contrary to the endlessly repeated myth of a world converging on one big economic sameness, economic diversity is a fact of life. Economic policies that assume a homogeneous world are an attempt to defy this basic fact.

Spain's Troubles Are Tied to Eurozone Policies

Mark Weisbrot | Posted 05.25.2011 | World
Mark Weisbrot

It has become fashionable since Spain's economy began to decline to make comparisons to Germany, which is rebounding strongly. This story does not fit the economic facts very well.

My Interview With Greek Prime Minister George Papandreou... From the Top of the Acropolis

Steven Hill | Posted 05.25.2011 | World
Steven Hill

Prime ministers are pretty busy people, especially when the capitalist world believes that your nation could be a domino that brings down the rest of them.

Greek Crisis Is Burdened by Lack of Political Consent

Thanos Dimadis | Posted 05.25.2011 | World
Thanos Dimadis

If the Greek Prime Minister and the head of the opposition party take steps towards the establishment of a new era of less partisan polarization, Greece would have much more to gain than to lose.

How A Second Euro Could Save Europe

CNN Money | Cyrus Sanati | Posted 05.25.2011 | Business

The European sovereign debt crisis may be off the front pages while all eyes are on Egypt, but that doesn't mean its problems are any closer to being ...

Will Papandreou Rescue Greek People From Social Bankruptcy?

Thanos Dimadis | Posted 05.25.2011 | Politics
Thanos Dimadis

What's now important for the Greek government is to provide people with evidence that their sacrifices are not in vain. And, furthermore, that people are paying for the crisis equally.

Will Americans Pay for the Euro Zone's Debt Crisis?

Thanos Dimadis | Posted 05.25.2011 | Business
Thanos Dimadis

European leaders constructed more than ten years ago the vision of a common currency among its members, but they didn't develop the appropriate mechanism for a solid not only monetary but also fiscal environment.

Be Warned: What 2011 Means for Filmmakers

Jeff Steele | Posted 05.25.2011 | Entertainment
Jeff Steele

The national debt 'n' deficit crisis is a financial maelstrom of unimaginable size and severity. For producers, this can be a valuable guide for deciding where to shoot your films.

Paul Krugman: Why The Euro Could Be Doomed

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

Call it the curse of the single currency. In this week's New York Times Magazine, Paul Krugman argues that the pace of recovery in Europe is bein...

The European Crisis Was Predictable and Is Salutary for the Euro

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

This crisis is in fact salutary: it was time that the Eurozone members realized that the Euro is a privilege, but that they have to act responsibly.

The Iberio

Jaime Pozuelo-Monfort | Posted 05.25.2011 | World
Jaime Pozuelo-Monfort

In the absence of the possibility of currency depreciation, nation states of Western Europe could consider the widespread use of complementary currencies with which citizens could buy in the welfare supermarket.

The Euro will Neither Collapse nor Disappear

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

The current crisis should further strengthen the Euro, and since the dollar is on a sliding slope, its value should improve seriously in the coming months.

Germany Faces a Messy Break-up With the Euro

Marshall Auerback | Posted 05.25.2011 | Business
Marshall Auerback

Recent turmoil in Europe has given rise to the idea that the euro itself might be reversible and that one or more countries might revert to national currencies. The biggest euro-skeptics are not the perfidious English, but the Germans themselves.

Mark Blyth: On Ireland, the Circle Will Not Be Squared (AUDIO)

Christopher Lydon | Posted 05.25.2011 | World
Christopher Lydon

Mark Blyth, of Austerity fame and the Watson Institute, has a Scot's vernacular gift for clarifying economics. Is the situation explosive? "You've ...

The End of the Keynesian Experiment

Nathan Lewis | Posted 05.25.2011 | Business
Nathan Lewis

It is not too long -- less than a decade I would guess -- before the Keynesian Experiment comes to an end, and the world can finally get back on a more productive and healthy track.

Irish and Greek Defaults Will Reshape Europe

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

Clumping fiscally wayward economies with much lower per-capita incomes, like Portugal, Spain, Ireland and Greece, into a common currency union with Northern Europe is not sustainable.

An Original Plan 'B for the Eurozone

Azeem Ibrahim | Posted 05.25.2011 | World
Azeem Ibrahim

Portugal, Ireland and Greece may yet be able to ride out the storm if austerity works. But if it does not, more drastic solutions might be called for.

Tired of Being Overlooked, East Korea Declares War on Other Two Koreas

Andy Borowitz | Posted 05.25.2011 | Comedy
Andy Borowitz

East Korea said it hoped that declaring war on the two more famous Koreas would establish a new reputation for the often-ignored country "as the angriest and craziest Korea out there."

Bankers Gone Wild in Ireland and Germany

Marshall Auerback | Posted 05.25.2011 | Business
Marshall Auerback

Not only has the Irish crisis blown apart the myth of the virtues of fiscal austerity during rapidly declining economic activity, but it has also illustrated that Germany's bankers were every bit as culpable as their Irish counterparts.

Angela Merkel: The Euro Will Survive

AP | JUERGEN BAETZ and MELISSA EDDY | Posted 05.25.2011 | Business

BERLIN — The 16-nation euro currency will survive the debt crisis, German Chancellor Angela Merkel vowed Thursday, and a senior central banker s...

WATCH: Fed President: It Could Take Years To End Fed's Easy Money Policies

Posted 05.25.2011 | Business

WASHINGTON - A top U.S. Federal Reserve official defended the Fed's controversial bond-buying program on Tuesday, saying it could be years before pul...

Rhodes Beckons Sun/Sea Lovers, History Buffs, Nature Fans

Magda Abu-Fadil | Posted 05.25.2011 | Travel
Magda Abu-Fadil

*SEE PHOTOS BELOW* It's hard not to enjoy a trip to Rhodes with its plentiful sun, historical sites, diverse cultural offerings, natural beauty, fun ...

Could Facebook kill the US Dollar?

Brett King | Posted 05.25.2011 | Business
Brett King

According to current statistics, Facebook has more than 500 million ACTIVE users, 50% of whom use Facebook everyday, 200 million of these users intera...