Our Present Crisis: Recession, Depression, Or Something More Fundamental?

The world is likely to get worse before it gets better.

Is 2011 Another 2008? Or Another 1931?

Dan Drezner believes those worrying that we’re seeing the global meltdown of 2008 repeat itself are kidding themselves.

Risk and Sovereign Debt

Upon further review, S&P’s downgrade of the United States bond rating . . . still makes no sense.

Debt Talks Break Down As Both Parties Go Separate Ways

The debt talks in Congress are moribund now, and both sides are working on their own versions of a plan, again.

Two on Greece, the Eurozone, and the IMF

What we don’t know might hurt us.

The Eurozone Crisis Won’t Just Go Away

Despite what appear to be the fond hope of European central bankers that it will just all go away, something needs to be done. But what?

Google Loses Belgian Copyright Case

Local newspapers in Belgium inexplicably don’t want to be linked by Google and are using copyright law rather than a robots.txt file to enforce their wishes.

Osama bin Laden Raid Controversial in Germany

The free world rallied around the United States after the 9/11 attacks–but not all back the killing of the man who ordered it.

International Sitrep

A capsule look at the world situation as 2010 draws to a close.

Technology and Currency

Have credit cards and ATMs eliminated the value of large currency zones?

NATO’s New Strategic Concept: Active Engagement, Modern Defense

The long awaited new strategic concept, launching what has been termed “NATO 3.0,” has been published under the banner “Active Engagement, Modern Defense.”

Merkel Wins Again

Once again, Angela Merkel has held her ground and forced the other EU leaders to accommodate Germany’s policy concerns. This time, it’s a set of amendments to the Lisbon Treaty to deal with sovereign debt emergencies.

Karzai Corruption Includes Iranian Bribes

We already knew that Hamid Karzai was corrupt, now we know he takes bribes from the Iranians.

Eurozone Gets Some Sanity

Responding the near-collapse of the Greek economy, forestalled only by a massive bailout from their brethren, the EU’s finance ministers agreed this morning to submit the outlines of their budget plans for approval by the European Commission.

Should We Be More Like Germany?

What do the critics mean when they say that the United States should be more like Germany?

Europe Passes Stress Test

84 of 91 European banks passed their stress tests. How will investors react?

Our Greek Cousin

A Few Euros Short

The Euro at 10