Pulling in the same direction at izbrano

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Pulling in the same direction

Economist - Getting the world’s big central banks to act in the same way on the same day was a welcome show of unity given the threat to the global financial system and economy. It also minimised the risk of currency instability: a unilateral rate cut by one central bank could have hurt its currency.

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Obama’s historic victory

Economist - America has not shifted greatly to the left. Mr Obama, especially with his big Democratic majority in Congress, will have to manage expectations carefully. Democrats will want big pushes to the left. But Mr Obama knows that Bill Clinton lost his congressional majority after two years because he overreached in that [...]

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