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Recent News

Spain beset by bank crisis, recession - Stuff, 18 May 2012 Spain's borrowing costs shot up at a bond auction on Thursday, after economic data confirmed the country is back in recession and reports of an outflow of deposits from nationalized Bankia hammered its share price.

Why Europe Still Needs Nuclear Deterrence - Project Syndicate, 18 May 2012 At NATO’s summit in Chicago this month, determining how to ensure a reliable level of nuclear deterrence will be high on the agenda. But, even before those discussions occur, it is clear that there are powerful reasons for maintaining NATO’s current mix of defense capabilities, including US...

Lower Economic Growth Seen for Britain - New York Times, 17 May 2012 The Bank of England cut its growth forecast and said inflation in the near term would be higher than previously expected.