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Author Archives: Michaela
Illusions and Plunder
Meltdown-The men who crashed the world The first of a four-part investigation into a world of greed and recklessness that brought down the financial world.
Posted in Breaking the mould, The world we live in Now
Tagged Financial system, Greed, housing crisis, recklessness, Wall Street
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Peace Now, or Never
By Ehud Olmert As the United Nations General Assembly opens this year, I feel uneasy. An unnecessary diplomatic clash between Israel and the Palestinians is taking shape in New York, and it will be harmful to Israel and to the … Continue reading
The Beauty of Death
By Khalil Gibran Part I: The Parting Let me sleep, for my soul is intoxicated with love and Let me rest, for my spirit has had its bounty of days and nights; Light the candles and burn the incense around … Continue reading
Heureka
Greek Finance Minister, Evangelos Venizelos: “We haven’t realised the dangers. The dangers are not that our income has been reduced, the danger is not that pensions are being reduced or the value of property. The dangers are not that the … Continue reading
Posted in Breaking the mould, The world we live in Now
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The dogmatist
From ” Der Spiegel” One thing is already clear: The two men will be all smiles when they meet. If all goes according to plan, German President Christian Wulff will greet the pope at 11:15 a.m. this Thursday in front … Continue reading
Posted in Breaking the mould, The world we live in Now
Tagged Berlin, Catholic Church, Catholicism, Dogma, Pope Benedict XVI
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Unstoppable ?
From the Economist So grave, so menacing, so unstoppable has the euro crisis become that even rescue talk only fuels ever-rising panic. Investors have sniffed out that Europe’s leaders seem unwilling ever to do enough. Yet unless politicians act fast … Continue reading
Debt, division & delay
…because we just don’t know what to do….meanwhile the Swiss were close to ban investment banking after UBS lost about 2.3 bio Euros on unauthorised trades.
Posted in The world we live in Now
Tagged Austerity, Debt, DEfault, ECB, Economy, European Union, Politics
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Bleeding
By Paul Krugman Doctors used to believe that by draining a patient’s blood they could purge the evil “humors” that were thought to cause disease. In reality, of course, all their bloodletting did was make the patient weaker, and more … Continue reading
Posted in The world we live in Now
Tagged Austerity, Economic policy, European Union, Great Depression, United States
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