Daily Archives: August 8, 2011

Credibility, Chutzpah and Debt

Posted on August 8, 2011 by Michaela

By Paul Krugman To understand the furor over the decision by Standard & Poor’s, the rating agency, to downgrade U.S. government debt, you have to hold in your mind two seemingly (but not actually) contradictory ideas. The first is that … Continue reading →

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Mutual dependency

Posted on August 8, 2011 by Michaela

By Javier Solana Humanity’s main concerns today are not so much concrete evils as indeterminate threats. We are not worried by visible dangers, but by vague ones that could strike when least expected – and against which we are insufficiently protected. There … Continue reading →

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