There is no decade from the past century when it is not possible to find an extended debate among commentators and intellectuals in the democratic West about the inadequacies of democratic politics. This is not true of only those decades when Western democracy was clearly on the ropes, like the 1930s, when it was menaced […]
On a global scale, then, the volatility caused by furloughs and sequesters looks pretty small. But the relative impact of default will be much worse in the case of the U.S. than it is when it comes to smaller, poorer countries. Read Here – Businesswekk
Chancellor Angela Merkel won a resounding election victory on Sunday as her conservatives scored their best result since reunification in 1990. It’s a personal triumph for her, but she still faces tough negotiations to form a stable government. Read Here – Der Spiegel
Global swing states are nations that possess large and growing economies, occupy central positions in a region or stand at the hinge of multiple regions, and embrace democratic government at home. Increasingly active at the regional and global level, they desire changes to the existing international order but do not seek to scrap the interlocking […]
Despite the surprise and very rapid election of Giorgio Napolitano, Italy’s 87-year-old outgoing President for a second seven-year term, Italy remains politically gridlocked. His election may have won querulous lawmakers a short breather, but for the moment at least, no permanent end to the crisis is in sight. Read Here – The Hindu
THE denouement of the fiscal-cliff drama, unsurprisingly, ended up with a vote that split Republicans in the House. John Boehner, Paul Ryan and 83 other GOP representatives joined 172 Democrats in voting to pass the compromise bill crafted in the Senate that will raise taxes on income over $400,000 for individuals and $450,000 for couples. Just […]
When he presented his proposals for taming banks in late September, Peer Steinbrück was once again spoiling for a fight. The Social Democratic candidate for the Chancellery in next year’s general election railed against the chase for short-term returns and excesses within the sector and harshly criticized the “market-conforming democracy” in which politics and people’s […]
Japan ruling party lawmaker Mieko Nakabayashi isn’t just worried that her Democratic Party will lose power in next month’s election; she fears a comeback by rival conservative Liberal Democrats will spell a return to the prolonged one-party rule that critics blame for many of the country’s past policy ills. Three years after the Democratic Party of […]
Japanese leadership, it’s often said, is a revolving door, one that spits out a new prime minsterevery 12 months or so. You know something’s wrong, though, when it’s spun so far around that it begins churning out yesterday’s castaways. Such is the case with Shinzo Abe, the man poised to replace Prime Minister Yoshihiko Noda, who will […]
Germans have long since made up their minds about Mitt Romney. Only 5 percent would give him their vote if they had one, they say. The result of the most recent poll by Forsa is far from surprising. When America votes, the German heart traditionally beats for the Democratic candidate. To many, the Republicans are […]
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