Francois Hollande’s victory doesn’t and shouldn’t mean a movement toward socialism in Europe or elsewhere. Socialism isn’t the answer to the basic problem haunting all rich nations.
Who’s an economy for? Voters in France and Greece have made it clear it’s not for the bond traders.
When President Obama signed a formal agreement in Kabul on Tuesday to withdraw the majority of U.S. forces from Afghanistan by 2014, he spoke of a future Afghanistan, able to stand on its own as a respected member of the international community. “We have traveled through more than a decade under the dark cloud of war,” said Obama. “Yet here, in the predawn darkness of Afghanistan, we can see the light of a new day on the horizon.”
The Dow Jones Industrial Average hit 13,338 Tuesday, its highest since December, 2007. The S&P 500 added 16 points. Wall Street will remember May 1 as a great day.
NEWARK—Two Taiwanese nationals are charged for allegedly seeking to export sensitive U.S. military technology to China after federal agents investigating counterfeit goods smuggling uncovered plots to smuggle drugs into and sensitive defense articles out of the United States, officials announced Wednesday.
Europe is in recession. Britain’s Office for National Statistics confirmed today (Wednesday) that in the first quarter of this year Britain’s economy shrank .2 percent, after having contracted .3 percent in the fourth quarter of 2011.