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The Wants and Fears of George Soros

Bill Baker | Posted 05.25.2011 | Business
Bill Baker

It is no wonder that liberal billionaires ask that we lift the combined total of state and federal income taxation over 50%; unlike small entrepreneurs and highly productive laborers, they are mostly untouched by the tax on income.

Troubles in the EuroZone: Will the Contagion Affect the U.S.?

Marshall Auerback | Posted 05.25.2011 | World
Marshall Auerback

Should a government like Greece be allowed to default, the next realization could be that Greek depositors will take losses, and, therefore, the entire euro deposit insurance lose credibility.

Jack Welch: Europe's Debt Crisis Will NOT Hurt America

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

Former General Electric CEO Jack Welch was nothing if not optimistic in an interview with CNBC early Wednesday. Welch, appearing on "Squak Box," said ...

High Noon on Wall Street

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

A funny thing happened on the way to the stock market Friday. The market matadors couldn't kill a limping bull.

Bankers, Regulators and Governments: the Difficult Consensus

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

The recent crisis was a failure of risk management -- a diagnosis widely shared among the members of the IIF. But we are also starting the next crisis: the public finance crisis in Europe, the United States and Japan.

The Real Culprits of the Euro Crisis

Joshua Rosner | Posted 05.25.2011 | Business
Joshua Rosner

So here we go again. To uncover the real culprits of the current euro crisis we first have to follow a common thread of this crisis -- government borrowers who need capital hire bankers.

Why Economists Are Sexy and the Euro Won't be Worth a Dollar

Michael Wolff | Posted 05.25.2011 | Business
Michael Wolff

It should be said that economists have perhaps never felt the way they feel now. Never before have they felt so central, so needed, so powerful. They say "crisis" with a religious and perhaps even sexual fervor.

Greece Unsettles Markets as US Stocks Weaken

AP | ELENA BECATOROS | Posted 05.25.2011 | Business

ATHENS, Greece — Greece's borrowing costs shot up Tuesday following a report, later denied, that Athens was seeking to revise a deal hammered ou...

Why the Hungarian PM was Right

Georges Ugeux | Posted 05.25.2011 | Home
Georges Ugeux

On my way to Budapest.... We have been living lately in a sea of lies, manipulations and half-truths. For several years the Hungarian Government ha...

Euro May Not Exist In 10 Years, Says Author John Gray

The Guardian | John Harris | Posted 05.25.2011 | Books

It was John Gray's turn at the Guardian Hay festival yesterday. He was here to re-plug last year's anthology Gray's Anatomy, though he inevitably did ...

Selling the Deficit: When Austerity Matters

Neil K. Shenai | Posted 05.25.2011 | Politics
Neil K. Shenai

Over the past month, the blogosphere has born witness to a heated debate regarding the sustainability of fiscal deficits in the United States. On the...

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

Jim O'Neill, Goldman's Top Economist: Canada Is A 'Shining Example' Of How To Avert A Debt Crisis (VIDEO)

Posted 05.25.2011 | Business

Goldman Sachs's top economist has a message for countries struggling with ballooning deficits: steal a page from Canada's economic playbook. "Perha...

To Heed President Obama's Call to Strengthen the EU, Britain Must First Have a Referendum on Whether to Stay in at All

Azeem Ibrahim | Posted 05.25.2011 | Politics
Azeem Ibrahim

What are the prospects for the President's call for a Britain which helps keep the EU strong? On any measure, the answer does not look good.

Paulson Drops 6.9% As Hedge Funds Post BIGGEST Losses Since Lehman | Katherine Burton and Saijel Kishan | Posted 05.25.2011 | Business

Hedge funds lost an average of 2.7 percent through May 27, according to the HFRX Global Hedge Fund Index, as the sovereign debt crisis in Europe trig...

Greek Banks Suffer Moody's Downgrades

AP | ELENA BECATOROS | Posted 05.25.2011 | Business

ATHENS, Greece — Moody's credit rating agency downgraded five Greek banks on Wednesday, saying their finances will suffer from the effects of th...

Greece and the EuroZone: Angie, Ain't It Time to Say Goodbye?

Marshall Auerback | Posted 05.25.2011 | Politics
Marshall Auerback

Greece indeed is being offered a financial aid package of around 22 billion euro, but no funding will be made available until the country fails to find funding elsewhere, entirely obviating the point of the bailout.

The Cult of Subprime Central Bankers

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

There has been little change in personnel and no acknowledgment of error at the central banks whose incompetence was responsible for the crisis. At the top of the list of villains in this story is the IMF.

Eurozone Crisis is Self-Inflicted, with Help from Financial Markets

Mark Weisbrot | Posted 05.25.2011 | World
Mark Weisbrot

The current turmoil in financial markets around the world is another illustration of the damage that can be done by a bloated and politically powerful...

Germany Overtakes Congress

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

Germany has become as the world's financial reformer, emerging out from under its politely subordinate role in Europe with stern measures to curb bad behavior by banks and nation-states.

Bring Back the Drachma

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

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 (Porque E Que o Seu Mundo V...

A Hybrid Conservatorship Model for Greece?

Sandeep Gopalan | Posted 05.25.2011 | World
Sandeep Gopalan

Brussels is host to a confused gaggle of European Union leaders as they summit for yet another crack at the Greek puzzle today. Here's a look at the various options and their feasibility.

Hey, The Bullet-Proof Vest Doesn't Work

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

What's up with gold, the supposedly bullet-proof investment? Somehow, the script got screwed up. Instead of roaring, gold is crawling, and not only that, it's going backwards to boot.

As the Euro and the Pound Come Under Pressure, Bend Over and Kiss Europe's Economy Goodbye

Ian Welsh | Posted 05.25.2011 | Business
Ian Welsh

As long as governments feel they are at the mercy of the hot money, and as long as the hot money insists that governments both be fiscally austere and have good economies, there is no way out.

Germany and Greece

Jeff Danziger | Posted 05.25.2011 | Business
Jeff Danziger