Default looks imminent for Greece. How will this affect the Euro business? The benefits of the continent accepting the Euro have been great: about 10 to 15% GDP greater trade growth than it would have been otherwise. But the cons – namely, economic inflexibility – have been also. Wage cuts have been met with protests, [...]

With election day 2010 just hours away, everyone is ready to see the Democrats lose the House and most of the Senate. Even Democratic voters are frustrated with Obama’s party. Paul Krugman, voice of a dying Keynesian set, wants more government spending, arguing that the only way out of the slump is to fight private [...]