Innovation and market disruption can be powerful forces for economic growth. But government involvement in the market tends to be a force against disruption, and hence a force against innovation. The drive to protect the dominant companies – often justified in the name of job preservation — prevents success for …
Italian prime minister Silvio Berlusconi announced his resignation Tuesday after Italy’s ruling coalition lost its majority in the lower house. Although parliament voted to pass a key austerity budget bill demanded by the European Union, the government suffered a series of defections which made Berlusconi’s long-term position untenable. As the …
Now that President Obama has signed the Budget Control Act into law following weeks of grueling debate, lawmakers are packing their bags and heading home for August recess. Both houses of Congress return the first week of September, but neither passed a formal adjournment resolution, denying Obama the opportunity to make …
After three years, British citizen Andrew Symeou has been found not guilty by a Greek jury of fatally attacking another British vacationer on the island of Zante. However, this is no ordinary judicial outcome, for Andrew Symeou has endured injustices far beyond being falsely accused of murder.
Last weekend’s parliamentary election in Turkey produced unsurprising results, with Prime Minister Recep Tayyip Erdogan’s Justice and Development Party (AKP) claiming victory with nearly 50 percent of the vote. As world leaders congratulate the AKP on its three-term success, they are also assessing the implications for their countries’ future relationship …
