New York Times
WITH each passing day, the noose around the neck of the euro zone grows tighter, with no indication that European leaders share any coherent vision for avoiding the hangman.
New York Times
PRESIDENT OBAMA started his general election campaign by taking aim at Mitt Romney’s job creation record at Bain, setting off a lively debate over the fairness of the attacks.
Financial Times
Let’s stipulate that the $2bn trading loss at JPMorgan resulted from a strategy that was, in the words of chief executive Jamie Dimon “flawed, complex, poorly reviewed, poorly executed and poorly monitored”.
Financial Times
On the face of it, this is good news for the little man. The most closely watched initial public offering in years – that of social media group Facebook – will reportedly include a dollop of shares earmarked for small investors.
Financial Times
Even as Mitt Romney was effectively crowned as the Republican party’s nominee to hallenge Barack Obama in the 2012 presidential elections, we received a grim reminder of the deteriorating condition of America’s two bedrock social welfare programmes. It arrived on Monday in the form of non-partisan reports from the trustees of Social Security and Medicare – and what worrisome news it was.
New York Times
NESTLED within the many commendable aspects of President Obama’s health care plan — including the individual mandate — sits a problem that has gone virtually unnoticed by commentators obsessed with the Supreme Court’s review of the law: how to pay for it.
Financial Times
In April 1977, as a young energy correspondent for The New York Times, I watched Jimmy Carter label the energy problem the “moral equivalent of war” and propose an ambitious plan to curb the use of expensive ($15 per barrel!) oil. Today, five presidents later, oil sits firmly above $100 per barrel, and America still lacks anything resembling a comprehensive energy strategy.
NEW statistics show an ever-more-startling divergence between the fortunes of the wealthy and everybody else — and the desperate need to address this wrenching problem. Even in a country that sometimes seems inured to income inequality, these takeaways are truly stunning.
Financial Times
Tuesday’s release by the Federal Reserve of the results of its annual round of “stress tests” of the 19 largest American banks was yet another confirmation of the deftness with which the US government has handled the financial crisis.
Financial Times
Two reminders of the age-old debate over the merits of equities versus bonds emerged almost simultaneously in recent days.
