Russia, Europe, and the Natural Problem

Having now denied many European countries gas for 10 days, Russia may have brutally exposed the vulnerability of the European Union. But it has also shot itself in the foot and forced the EU to get serious about cutting its exposure to Russian provisions. In the end, Moscow’s only long-term reward may...

Happy Market Meltdown Monday!

So, what did we learn this weekend (besides the fact that Sarah Palin is the spiritual reincarnation of Richard Nixon and John Sidney McCain III has, according Howard Wolfson, jumped the shark)? Well, the European banking crisis is spreading; US bank failures are expected to increase in ’09; US...