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Yet successful conservative politicians are always empiricists, not idealists…
Greece
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Even Iceland, this century’s poster-child for financial excess, is almost back to peak economic activity
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This goes a long way to explaining the remarkable fall in the suicide rate over the past several years, which has reversed nearly all of the sharp increase of the late 1990s.
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In terms of economic policy it is the populists that are pragmatic and the technocrats who inhabit cloud cuckoo land.
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So far the main beneficiaries of Abenomics may appear to be Chinese tourists and rich old ladies, but…
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The LDP, like the Rolling Stones, is a dinosaur outfit. Both lack the energy levels of their nineteen sixties heyday , but still manage to wipe the floor…
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They walk in cool and confident, armed with their PowerPoint presentations. They leave town horizontal, soaked in red ink.
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The bond market vigilantes appear to have gone as quiet as the sound of one hand clapping.
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Disaster reveals national character in the starkest possible way. Japan’s response to the unprecedented triple blow of earthquake, tsunami and nuclear meltdown has demonstrated both its strengths and weaknesses – to the world and perhaps to the Japanese themselves.
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S&P’s downgrade of Japan’s credit-rating raises a disturbing prospect. Is this stage two of the global credit crisis, featuring chain of sovereign defaults amongst the largest economies?