Europe

Having run out of options to solve its bigger problems, European Union commissioners, in the spirit of famed bank robber Willy Sutton, have decided to go after depositors’ money on Cyprus for a simple reason: “That’s where the money is.” Will the current shake down of bank depositors on Cyprus save or sink the Euro? It stretches the imagination to fathom how putting bank depositors in play will comfort European Union bondholders or other EU banks.  read more »

When my seventeen year old son was mugged this year, coming home on a late weekend tram, he lost his iPod along with his Beats headset. I felt sympathetic, but not shocked, that he had been shaken down, even though we live in a quiet village on the outskirts of Geneva.  read more »

Conservatives often fret that Barack Obama is leading the nation toward socialism. In my mind, that's an insult to socialism, which, in theory, at least, seeks to uplift the lower classes through greater prosperity. In contrast, the current administration and its core of wealthy supporters are more reminiscent of British Tories, the longtime defenders of hereditary privilege, a hierarchical social order and slow-paced economic change.  read more »

Around the fifth century BCE, Athens may have been the most important city in the West. Like China's Chang'an (modern Xi'an), the "on and off" capital of China, Athens has experienced many severe "ups and downs" throughout its remarkable history. At its ancient peak, Athens is estimated to have had more than 300,000 residents (historic population estimates vary greatly).  read more »