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Tunisians elect president for first time

Tunisians vote Sunday in their first presidential election since the 2011 revolution that sparked the Arab Spring, a ballot set to round off an often fraught transition to democracy. Essebsi has run on a campaign of "state prestige", a slogan with wide appeal to Tunisians anxious for an end to instability. Moderate Islamist party Ennahda, which came second in the legislative election, has not put up a candidate and has invited its members "to elect a president who will guarantee democracy". A run-off vote will be held at the end of December if [...] Read more ...

via France24
23 Nov 2014

China’s Monetary-Policy Surprise

In economic policy, as in most other areas, actions speak louder than words. By cutting its policy benchmark interest rates, the People’s Bank of China has underscored the tactical focus of Chinese government’s stabilization policy: it aims to set a floor of around 7% on GDP growth. Read more ...

via Project-syndicate
23 Nov 2014

Barack Obama, American Caudillo

To think that President Barack Obama has taken the oath of office four times (through accidents of circumstance, twice each time he was elected). Taking the oath must have become such old hat that he stopped paying attention.The president is issuing an executive amnesty for illegal immigrants based on blatant contempt for the constitutional order t [...] Read more ...

via Nationalreview
23 Nov 2014

Tens of thousands march against abortion in Spain

Among Saturday's demonstrators was Amparo Bonastre, a 17-year-old schoolgirl who came by bus from the eastern city of Valencia. Tens of thousands of Spaniards rallied in Madrid on Saturday threatening to punish the government in elections next year unless it revives a plan to restrict women's access to abortion. "Rajoy, we may not vote," read a hug [...] Read more ...

via France24
23 Nov 2014

Germany to drop probe into US spying on Merkel: report

According to sources close to the judiciary, the federal prosecutor will heed the experts' recommendation to drop the probe. In June, German justice had announced that a case had been opened into the alleged spying by foreign intelligence services on German soil. Privacy issues are particularly sensitive in Germany, as bitterness lingers over mass [...] Read more ...

via France24
23 Nov 2014

Germany’s Secret Credit Addiction

With Germany's exports and industrial production contracting, its unsustainable credit-fueled expansion is coming to an end. The problem is that orthodox economics and conventional policy have nothing to offer except more of the private-sector leverage that got us into trouble in the first place. Read more ...

via Project-syndicate
23 Nov 2014