Epstein Secrets

s were vacated by New York Supreme Court Justice Charles J. Tejada on December 19, 2002. As Morgenthau rec

uts and tax increases) self-defeating or the unavoidable response to high budget deficits and debt? Can central banks such as the Federal Reserve or the European Central Bank engineer recovery by holding short-term interest rates near zero and by buying massive amounts of bonds (so-called "quantitative easing")? Or will

Wayne Shorter, Herbie Hancock, Pat Metheny, and Charles Mingus; the latter asked her to collaborate on hi

only being kept out of the abyss by a debt restructure in 2012. And under that restructure it now owes money mainly to other European governments, the European Central Bank (ECB) and the IMF. These official creditors have slashed interest rates and stretched out maturities, but not enough. With a debt stock of 175% of G

d unpaid time at a pro-Romney rally; to David and Charles Koch, who sent anti-Obama and pro-Romney materia

emanke understood the depths of the problem early and responded energetically and creatively. The clearest vindication of his actions has been that the European Central Bank, after charting the opposite course for three years with disastrous results, has adopted policies similar to the Fed's — and averted a potential Leh

rs in Britain were often thrown into jail (as in Charles Dickens's "Little Dorrit"), though Samuel Johnson

, Moody's and Fitch are back in the limelight. Every time they change the rating of a sovereign debt they move the markets. For a while the rules of the European Central Bank seemed to give enormous power to just one agency, Moody's. Had it downgraded Greece, the country's government bonds would not have been eligible fo

3,600, up 90 percent from a year earlier, writes Charles Fishman in an excellent article in December's At

That's weakened, and there's "no new model to replace it." Domestic demand will prove an inadequate substitute. Central banks (the Federal Reserve, the European Central Bank, the Bank of Japan) have tried to fill the void with hyper-easy money policies. Smick fears damaging outcomes: currency wars as countries strive to

n Meir Dagan, August Nanning, R. James Woolsey, Charles Guthrie, Kristen Silverberg and Mark D. Wallace

t have to happen; the euro (or at least most of it) could still be saved. But this will require that European leaders, especially in Germany and at the European Central Bank, start acting very differently from the way they've acted these past few years. They need to stop moralizing and deal with reality; they need to s

of the lone craftsman in his workshop with his glasses pulled down on his nose, hand-making their rod. That sounds mostly right to me. Of course, Charlie was too modest to add that, in his case, the other half was one damned fine fly rod. 0 your fly: says Hutcheson, who's fished stripers there as a

er of industrial oil manufacturer Hafa. Bottlenecks in labor supply are one of the main constraints on growth in the European economy, frustrating the European Central Bank. After slash- ing interest rates and pumping billions into the economy with quantitative easing, the ECB says the onus is now on governments to do