“Japan’s economy is likely to continue to face a severe situation,” said the Governor of the BoJ. He blamed the euro crisis and the strong yen. Bland language, ugly meaning.
Just in time to make you feel better about holiday travels: airport security scanners that use X-rays are acknowledged to cause cancer. No problem in the US; but now they’re banned in the EU.
In October, the EFSF bailed out Proton Bank in Greece. Turns out, it had siphoned off $1 billion through criminal activity. Galling: the Bank of Greece knew of it before the bailout. And now, a bomb exploded...
China has a list of demands. German industry refuses to cede ground. People shudder at becoming dependent on money from the communist regime. Clearly, the debt crisis isn’t deep enough yet.
Toyota and Honda are planning to export U.S.-made vehicles to Korea. But to what banana-republic levels will the dollar and real wages have to sink before U.S. manufacturing is competitive with China?
No country is economically more dependent on the euro than export powerhouse Germany. But now that the euro extravaganza slammed into a mountain of debt, Germany finds itself at war—with itself.
The G-20 expected relaxed photo ops, handshakes, and fancy dinners, interrupted by rubber stamping the Grand Plan of bailing out Greece, bondholders, and banks. But then Papandreou fired his bazooka....
