Comebacks don’t come any bigger or better than Andy Murray’s defeat of Roger Federer to win the gold for men’s singles in the Olympics after losing on the same Wimbledon court a few weeks earlier. Then this September, Murray upset the world’s top-rated tennis player, Novak Djokovic, at the U.S. Open in Queens– the first such British victory in a major tournament in 76 years..
After the Olympics, Britain apparently is once again a world power in sports. As the Wall Street Journal reported: “British atRead more
China’s economy has slowed but it has not stopped. “Investors, long enamored with the yuan, have increasingly soured on the Chinese currency and are boosting their bests that it will decline against the dollar in coming months,” the Wall Street Journal’s Daniel Inman has written. He noted that “a slowing Chinese economy and a decision by the central bank to loosen its tight control over the currency have driven this year’s decline. Many investors who had been betting that the yuan would rise haveRead more
That would be the decision of eight members of the German Constitutional Court, garbed in their distinctive red and white robes, and the judges’ decision regarding Germany’s participation in the new European bailout fund – and its capping of the amount of Germany’s participation.
German citizens are not happy and have been pushing for a referendum on Germany’s participation in the European. The Economist noted: “Those petitioning the court ranged from the political right to the left, and a record 37Read more
“Move over, Ben Bernanke. This is Mario Draghi’s moent,” wrote the Associated Press’s Paul Wiseman and Bernard Condon. The perception is that the monetary ball is in Europe’s court so all attention is on Mario Draghi, president of the European Central Bank (ECB).
The annual conclave at Jackson Hole, Wyoming missed the star player when Mario decided to stay in Europe rather than speak to the conclave sponsored by the Federal Reserve Bank of Kansas City. Last week, noted the New York Times, Read more