Germany and France will announce joint proposals this month to address Europe’s soaring youth unemployment, the Labor Ministry in Berlin said, confirming a newspaper report of a planned “New Deal for Europe.”
The death toll from the collapse of the Rana Plaza garment factory in Bangladesh swelled to more than 1,000 workers, cementing its place among a grisly lineup of the world’s worst industrial disasters and reinforcing calls that the tragedy lead to lasting change.
The dedication this week of the George W. Bush Presidential Library and Museum was more than an opportunity for the five living U.S. presidents to compare notes on what Stefan Lorant called “the glorious burden” of the office.
On March 4, 1933, Franklin D. Roosevelt became president for the first time, promising an “adequate but sound” currency. The next day, a Sunday, he closed the nation’s banks. “We are now off the gold standard,” he privately declared to a group of advisers. Goldbugs in the president’s circle immediately began prophesying doom. One of his aides, Lewis Douglas, proclaimed “the end of Western civilization.”
I love the trillion-dollar platinum coin solution to the debt-ceiling blackmail threat, though lots of people find it too gimmicky. They say that a serious government can't pull stunts like that to bolster the financial system.