BRUSSELS | by Eberhard Rhein | However important balanced budgets might be for Europe in view of its rising social charges, in particular the huge burden resulting from an ageing population, Germany does not deserve praise for having precipitated the balancing of its budget.
The US universities and their Madoff-like employment accounts
Universities in the US have acknowledged that they distort the employment figures of their graduates. Now, some newly graduated lawyers have begun litigation against them because, in spite of official assurances, they have been left jobless. WASHINGTON | Some U.S. lawyers have decided to file lawsuits against their Law schools. The reason? They were promised a job [...]
The US cannot bury its head in the sand for much longer
LONDON | Another day spent with the euro area teasing markets’ anxieties, another voice in the background alerting of a wall of trouble building up on the other side of the Atlantic. The US budget deficit is reaching a size many feel uncomfortable about: in Wednesday’s fundamentals briefing, Legal & General Investment LGIM suggested that [...]
