End of the Euro
Crisis—from the Greek "krisis," for a turning point in a disease—is one of many English words we owe to the ancient Athenians. Now their modern descendants are reminding us what it really means.Just when it seemed safe to start using the word "recovery," a Greek crisis is threatening the world economy, and the very existence of the world's second-biggest currency.... Read more

The Unappealing Choices after an Inconclusive Election
It has been a generation since the British electorate delivered such an inconclusive result at a general election. Not since Edward Heath posed the question “Who Governs Britain?” in February 1974 – the answer, of course, was “Not you” – has one of the two major parties failed to secure a majority in the House of Commons. ... Read more

How to take Moral Hazard out of Banking
As Dubai World’s default shows, the financial crisis is far from over. Surprise, surprise, among the creditors with the biggest exposure is Royal Bank of Scotland – a reminder that reckless lending by supersized banks was a global phenomenon. Taxpayers are entitled to ask for a radical reform of banking regulation to ensure they will never again have to foot huge bills for financial folly. So far, there is only one credible proposal.... Read more

An Empire at Risk
We won the cold war and weathered 9/11. But now economic weakness is endangering our global power.... Read more

The Ascent of Money
The Ascent of Money - 2009 International Emmy Award recipient for Best Documentary... Read more

The Great Wallop
A FEW years ago we came up with the term “Chimerica” to describe the combination of the Chinese and American economies, which together had become the key driver of the global economy. With a combined 13 percent of the world’s land surface and around a quarter of its population, Chimerica nevertheless accounted for a third of global economic output and two-fifths of worldwide growth from 1998 to 2007.... Read more