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Austerity Lovers In D.C., Austerity Haters At Home

In Washington, austerity-hungry Republicans called the sequester's "across the board" spending cuts a "victory" – until their districts feel them. Then they complain about the cuts, but still demand cuts somewhere else and add new demands that someone ELSE decide what...

Lesson From Cyprus: Watch Your Bank

There is a lesson from the Cyprus situation: If you are a large depositor you need to watch your back bank. You can't just assume someone will bail out the banks -- and you. The big banks have been able to keep governments from reigning them in, while getting...

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