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In Search of the Visible Hand

Spiegel - There is an air of desparation in European capitals and in the United States as politicians try to stop the global financial meltdown. The crisis has grown into a major test for the government of Angela Merkel. On Monday, Berlin signed off on a major bailout package.

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Obama’s hard-nosed right-hand man

LA Times - Can future Chief of Staff Rahm Emanuel keep Barack Obama on track, or was his selection the first sign of Obama’s partisanship getting in the way of his effectiveness? All week, Scott Lilly and David Weigel discuss Obama’s transition to power.

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The car industry - Pass the plate

Economist - Much depends on what the Americans decide to do. One option for Europe, assuming the Detroit Three get their money, would be to complain to the World Trade Organisation. But Ford and GM are too important for Europe’s car industry to make that probable. The betting is that Europe’s carmakers will [...]

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