America’s Fascination with Tea

July 25th, 2011 • No Comments

In the last four years we have witnessed the rise of a faction of the Republican Party dubbed the Tea Party movement. Described as conservative and libertarian the group has quickly risen to control both within the party and in the Republican-controlled House of Representatives. Continue reading ‘America’s Fascination with Tea.’

The Countdown is On

July 22nd, 2011 • No Comments

The countdown is on until the United States defaults on its national debt. Just 11 days remain before the deadline to raise the debt ceiling for the country. If it is not raised the United States will be forced to default on its $14 trillion deficit on the August 2nd deadline. The issue has arisen after the Republican Party has decided to hold the vote hostage to force Obama to bend to some of their demands. Continue reading ‘The Countdown is On.’

Greece’s Instability Could Be Spreading

June 19th, 2011 • No Comments

The debt crisis in Greece is starting to affect the rest of the Eurozone, which could have disastrous effects not only on Europe but the world over. Italy’s fragile recovery has been put on warning from Moody’s that its’ credit rating is under review for the next 90 days. This announcement has sent risk markets spinning. The worry is that the weak Greek economy would act as a contagion and spread to other delicate economies in Europe. If Greece were to default it could spell the end of the balance that has been achieved in Italy, Ireland, Spain and Portugal. Continue reading ‘Greece’s Instability Could Be Spreading.’