Read through the stories appearing everyday in the Greek press (which you might only find buried on the back pages of American newspapers) and you will undoubtedly ask yourself: "How long will these proud people put up with such degradation?"
To persuade us today that a future Treasury Secretary really will pull the plug on an insolvent US G-SIFI, the resolution scheme will have to be widely viewed as nearly foolproof -- that is, virtually free of "Lehman risk."
Arguably the biggest lie coming from the Republicans and the Romney campaign is that President Obama is a tax and spend liberal who's directly and personally responsible for record deficits and a crushing national debt.
Europe's election results sound an alarm for European integration and, consequently, the wellbeing of both the region and the global economy. Let us hope that the inevitable short-term volatility is a precursor to a more decisive effort to deal with the continent's festering problems.
A week or so ago, we read about what in the Gilded Age of the Roman Empire was known as a bacchanal -- a big blowout at which the imperial swells got together and whooped it up. This one occurred here in Manhattan at the annual black-tie dinner and induction ceremony for Kappa Beta Phi.
It is past time for the president to let his actions speak for him and they will speak louder than any of his words. That is what the American people are waiting for. That is also what the banks, Wall Street and their allies fear most.
European leaders still need to do a lot more, and quickly, if they are to catch up and get ahead of the crisis. Accordingly, and regrettably, the specter of volatility caused by European headlines will not recede for long.
As 2011 closes, world leaders could surely use a few gifts. Here are five presents that, if delivered, would probably be their all-time best -- regardless of whether they ever found a BB gun under the tree.
This technology-driven, partly outsourced, too-big-to-fail bureaucracies of today are more difficult to maneuver than that of yesteryear. And the frustration and angst it breeds are one reason the Occupy Wall Street and Tea Party movements resonate with Americans.