The United States won’t survive for long with negative savings rates. The United States is poised to lose a possession for which there’s no German translation: “exorbitant privilege,” the privilege of being allowed to live permanently above its means while the rest of the world is stuck in the role of financing this privilege.
The USA: Land of Adventure
Commentary by Michael Kuntz
No matter whether it’s un-sellable gas guzzlers like those from General Motors or a careless leasing policy like that of BMW, car manufacturers can make or lose a lot of money in America.
The third-worst quarter in General Motors’ history and a profit [Read more]
The Christian Democratic Union (CDU) suffers from xenophobia when it comes to U.S. presidential candidate Barack Obama. The reason? If he wins the election, Chancellor Angela Merkel will have to change her foreign policy style
A new Republican video spot is causing a sensation: it depicts an audience member at Obama’s Berlin speech speaking broken English in order to make the presidential candidate seem ridiculous. In supporting roles: Leonardo di Caprio and David Hasselhoff.
According to the video, the Germans dance to bad music, speak [Read more]
The Republican presidential candidate is transforming himself from charming outsider to aggressive tactician. What’s still unclear is whether that’s helping him against Obama.
The question remains how the Americans see the global enthusiasm for Obama. Will they be positively impressed ...Or will they see it as meddling in their election and, precisely because of that, vote for McCain just out of spite?
7:21 PM: Barack Obama appears on screen, the Victory Column in the background. He waves, laughs, waves, waves, waves, waves, laughs, waves, laughs, waves, waves, laughs. In that order.
7:22 PM: He says, “Thank you. Thank you. Thank you so much. Thank you. Thank you. Thank you. Thank you to the citizens of [Read more]
If Obama actually does become president, the first disappointments won’t be long in coming.
The last eight years haven’t been a rejection of America and its values, but a rejection of the policies and persona of George W. Bush. Barack Obama has already changed how others see America.
Obama wants more NATO troops in Afghanistan in order to finance tax cuts in the United States. German politicians see it quite differently.
German political leaders have criticized Barack Obama’s suggestion that more NATO participation in Afghanistan would allow the United States to cut taxes at home. “More [Read more]