Germany’s Social Democrats in Slow Motion Collapse at izbrano

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Germany’s Social Democrats in Slow Motion Collapse

Spiegel - The bad news just keeps on coming for Germany’s Social Democrats. A new poll reveals that just 20 percent of Germans would cast their ballots for the party, were elections held on the weekend. Even worse, the Left Party is biting at their heels.

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New worries grip Russian economy

IHT - At the start of the global financial crisis, the Russian authorities insisted they had ample cash reserves to weather any storm. But as sorrow has succeeded sorrow — plummeting oil prices, a 70 percent descent in stock markets here, a global credit crisis and a slow-motion bank run on this country’s private [...]

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The Formerly Middle Class

NY Times - In this recession, maybe even more than other ones, the last ones to join the middle class will be the first ones out. And it won’t only be material deprivations that bites. It will be the loss of a social identity, the loss of social networks, the loss of [...]

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More rabbits from the hat

Economist - Critics say that Mr Paulson, because of ideology, has been slow to agree to commit public funds and to push government intervention. There is something to that, but it is not the full story. Mr Paulson is a dealmaker and, foremost, a pragmatist.

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