France raises its top tax rate to 75% to close budget gaps.

The financial crisis in Europe will have immediate and dire consequences for America. Obama’s re-election literally depends on a positive resolution.

Twice in the twentieth century, Europe plunged the world into massive wars that cost millions of lives to fight and billions of dollars to wage. Now, eleven years into the twenty-first century, another major conflict in the Continent threatens to wreak untold carnage upon the globe. This time the financial cost might well run into the trillions.