Two of many symptoms of the much-bewailed “populist backlash”… Image via economyincrisis.org Rolling Back 200 Years of Growth BALTIMORE, Maryland – The press reported mixed financial news on Thursday. House sales, oil, unemployment figures… up, down… the news left investors puzzled. Stocks went mostly nowhere. But amid the confusing noise was the sound of an alarm: “Fall in U.S. productivity sparks fears of populist backlash as wages stagnate,” says a lumbering headline in the...
Read More »Austria’s Presidential Elections – Europe’s Social Mood Keeps Worsening
Photo credit: Georges Schneider / APA Trapped in the EU Austria is a small European nation that has made the grievous mistake of needlessly joining the EU in 1995, together with Finland and Sweden. Austria’s neighbor Switzerland, which is of roughly similar size and likewise militarily neutral, proved to have far better instincts. The Swedes subsequently at least had the good sense to stay out of the euro zone. It seems if there is a mistake to be made, Austrian governments will...
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