"[Peer Steinbrück, the chancellor-candidate] is a good man, with quite a bold programme for ‘social justice’.
Tax increases for the better-off, a proper minimum wage, dual citizenship for immigrants, less elbowing individualism and more solidarity in a society where das Wir entscheidet – ‘it’s the we that counts.’ The German public, surprisingly, mostly agree that increasing taxes is a sound idea. What they resent is that the idea comes from the SPD. In the same way, the Augsburg programme is widely thought to make sense, but the voters don’t fancy Peer Steinbrück. They are pissed off with Angela Merkel’s governing coalition, but reluctant to let go of Mutti’s hand. In short, the public are in one of those sullen, unreasonable moods which make politicians despair." The LRB reports from Germany. [via
posted by rollick
on May 31, 2013 -
Financial Markets, Politics and the New Reality
: "Louis M. Bacon is the head of Moore Capital Management, one of the largest and most influential hedge funds in the world. Last week, he announced that he was returning one quarter of his largest fund, about $2 billion, to his investors, [saying] it is impossible to make money when there is heavy political involvement, because political involvement introduces unpredictability in the market… Adam Smith and David Ricardo, who modern investors so admire, [never] used the term "economics" by itself, but only in conjunction with politics; they called it political economy… The investors' problem is that they mistake the period between 1991 and 2008 as the norm and keep waiting for it to return."
posted by the mad poster!
on Aug 9, 2012 -
Yields of 2-year Greek government bonds have been skyrocketing today, and are currently at 76%
. Credit default swaps show Greece with a 98% chance of default
. Confidence in the Eurozone as a whole has been tanking
recently after a series of setbacks that leave a political solution looking increasingly unlikely. There was a timely, gloomy discussion on RT
yesterday on European and worldwide political/economic prospects
posted by crayz
on Sep 13, 2011 -
With the grounds it was built on having hosted the first demonstration of airplane flight in 1909, Tempelhof International Airport
, the world's second-oldest working commercial airport, was officially opened in 1923. Also known as City Airport, it takes its official name from the Tempelhof neighborhood of Berlin, itself named for the Knights Templar
who owned its land in the Middle Ages. [more inside]
posted by Your Time Machine Sucks
on Apr 25, 2008 -
admits denies making mistake!
Starts off new relationship with conservative German chancellor by personally insulting her. "We are not quite sure what was in her head."
- a senior Bush administration official, referring to Merkel. This after Condoleeza Rice gave Merkel private assurances and made a public statement
in which she said "when and if mistakes are made, we work very hard and as quickly as possible to rectify them. Any policy will sometimes have mistakes . . . we will do everything that we can to rectify those mistakes."
Obviously, Condi was mistaken. The Bush administration does not make mistakes.
posted by insomnia_lj
on Dec 6, 2005 -