FROM Markus Brunnermeier
Europe Pushes to Rework the Global Financial System In this weekend's meeting with the Presidents of France and the European Commission , President Bush agreed to a series of summit meetings that could change the way capitalism is practiced internationally. The countries of Europe are pushing hard for more regulation of the global economy. Heads of state will begin meeting right after the US election. The goal is curbing the reckless excesses that led to the current crisis, which could mean restraints on tax havens, hedge funds and executive compensation. The Bush White House and American business interests are warning against over-reaction, asserting that risk-taking is the keystone to prosperity. Do the Europeans want an international super-regulator? Since the crisis began here, will the US have to make some concessions? What's at stake for individual Americans and the credit-card economy?
Human Rights in the era of Donald Trump President Trump’s UN Ambassador, Nikki Haley, said today the US might pull out of the United Nations’ Human Rights Council. Serious violators of human rights are members of the Council itself–and a US resignation could make things worse. Later on today’s show, now that he’s into his second term, comedian turned US Senator Al Franken is telling jokes again.
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.