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Sir, Paul de Grauwe’s suggestion that stepped-up direct intervention by the European Central Bank in the European government bond markets would offer a solution to the Eurozone debt crisis rests on two dangerous misperception.
Prompt, conclusive victory in Libya will be attributable to the force of our arms, not our political strategy and accompanying diplomacy, which stumbled from one mistake to another.
The European Union (EU) has announced plans to levy a tax on airline emissions for all planes landing and taking off from EU airports. This tax would be calculated not only based on mileage flown in EU airspace but also for the entire length of the flight (thus, Chinese and Japanese airlines would be taxed for an entire journey from Beijing or Tokyo).
The South African Reserve Bank should seize the opportunity offered by the U.S. Federal Reserve in order to better equip it to cope with the stormier days that all too likely lie ahead for the global economy.
In the latest Financial Services Outlook, American Enterprise Institute (AEI) housing experts Peter Wallison and Edward Pinto explain how decades of government intervention have gravely harmed America's housing market.
The administration's proposal for regulating the credit default swaps market is unlikely to reduce systemic risk, and may in fact increase it.
All will agree that there are situations of human suffering that deserve attention, but most are far removed from even the most expansive definition of "national interests."





