The Root of All Sovereign-Debt Crises

Source/Credit: Project Syndicate, 2011, www.project-syndicate.org. 2011-08-04: By Amar Bhidé and Edmund S. Phelps  NEW YORK – The Greek debt crisis has prompted questions about whether the euro can survive without a nearly unimaginable centralization of fiscal policy. There is a simpler way. Irresponsible borrowing by governments in international credit markets requires irresponsible lending. Bank regulators […]

Norway killer was on drugs: lawyer

Source: The Sydney Morning Herald The Norwegian who admitted to the Oslo bombing and Utoya island massacre that killed 77 people had traces of drugs in his blood at the time of his arrest. Samples were taken from Anders Behring Breivik after his arrest on July 22, his lawyer said […]

Fiery chef turns up heat on in-laws

Gordon Ramsay claims his wife’s father stole $2.3 million from their company to fund a secret second family, writes Jonathan Wynne-Jones By Jonathan Wynne-Jones, The Sunday Telegraph He is notorious for the fiery rows that boil over in his restaurants’ kitchens, but now Gordon Ramsay has turned up the heat […]