Editorials
Palestinians Take Destructive Detour on Road to Statehood: View
Unesco chose a poor time to return to its foolish ways. The United Nations Educational, Scientific and Cultural Organization, which had shed its reflexive anti- Americanism (and resultant ban on U.S. funding) in 2002, overstepped into politics this week, voting overwhelmingly to give membership to Palestine as an independent state.
ECB’s Mario Draghi Offers Hope He Can Do What Europe Needs: View
The new head of the European Central Bank demonstrated yesterday that’s he’s ready to step in to support the euro-area economy. We hope that also means he’s willing to do what it takes to save the euro.
A Few Bright Spots Amid U.S. Supercommittee’s Superdivide: View
Although it still has a few weeks to go before its deadline to save the Republic, the supercommittee -- a congressional task force charged with cobbling together a $1.5 trillion debt-reduction package by Nov. 23 -- has not done much to inspire confidence.
Group of 20 Needs Agenda to Bring World Back From Brink: View
When world leaders converge on the French resort city of Cannes today for the summit of the Group of 20 nations, they’d better bring a sense of urgency.
Papandreou’s Call for a Referendum Is No Greek Tragedy: View
The country that invented drama and democracy is not disappointing the world on either front. Greek Prime Minister George Papandreou on Monday called for two high- stakes votes.
Better Incentives for Organ Donors Can Thwart Black Market: View
In a world of difference, how’s this for universality? Almost every country has a law prohibiting the sale of vital organs for transplant. You can’t donate a kidney for money, say.
Papandreou’s Call for a Referendum Is No Greek Tragedy: View
The country that invented drama and democracy is not disappointing the world on either front. Greek Prime Minister George Papandreou on Monday called for two high- stakes votes.
MF Global Meltdown Shows the Wisdom of Prop-Trading Limits: View
The bankruptcy of MF Global Holdings Ltd. is the first major U.S. casualty of the European sovereign- debt crisis. The trading firm’s demise is no small matter: Its $40 billion in debt is on the scale of Chrysler’s 2009 failure.
California Unions Must Pitch in to Help Control Expenses: View
California state politics are often said to be as dysfunctional as Washington’s. We’ll soon see if the Golden State can rise above such defamation.
CBO Report Shows Rich Got Richer, As Did Most Americans: View
In the political and economic climate created by consistently high unemployment and shaken by the Occupy Wall Street movement, last week’s Congressional Budget Office report on trends in U.S. household income had the effect of pouring kerosene on a bonfire.
Europe Blowing Last Chance to End Crisis: View
The euphoria over Europe’s latest rescue package faded quickly. Now the question is whether European leaders will ever agree on measures needed to end the sovereign debt crisis, and whether they will get another chance.
Banks’ Lending Should Start Playing Catch-Up With Economy: View
There are tantalizing signs that the worst of the disastrous credit crunch may be over. The most tangible evidence can be found in the latest earnings reports from some of the U.S.’s largest banks.