Topic - Financial Times

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  BOOK REVIEW: 'It Was a Long Time Ago, And It Never Happened Anyway'

  Anyone who has paid heed to Russia in the two decades since the collapse of communism and the Soviet Union has come to realize that things have not worked out all that well. Those desiring better lives, seeking the freedoms enjoyed by other peoples of the world, threw off the shackles of an authoritarian state that routinely persecuted, imprisoned and murdered its citizens by the millions.

• CURL: The truly dismal state of the union

  There is one person — one American among the 300 million of us — who is not to blame for the state of the union. Everyone else, each of you, in some small or large way, bears some share of the blame, but not this guy. Not one little bit.

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  RAHN: Purveyors of financial destruction

  On Dec. 28, the Financial Times announced, "China has again outshone the U.S. as the top venue for initial public offerings." How is it that since 2008, a self-proclaimed communist country raises more capital and has more new firms going public than the great bastion of free-market capitalism, the United States? Answer: Members of Congress have been killing the U.S. financial markets because of hubris, incompetence and a lust for power and money.

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  Queen Elizabeth II doing her part to save on energy

  Forget Marie Antoinette, who, when told that peasants had no bread, apocryphally said: "Let them eat cake."

• Economy Briefs

  The Kurdish regional government has signed a deal with ExxonMobil Corp. to explore oil fields in northern Iraq, Kurdish officials said Sunday, putting them in sharp conflict with Iraq's national government.

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  Kurdish government, ExxonMobil ink oil search deal

  The Kurdish regional government has signed a deal with ExxonMobil to explore oil fields in northern Iraq, Kurdish officials said Sunday, putting them in sharp conflict with Iraq's national government.

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  Obama: U.S. growth key to global recovery

  Setting the tone for his trip to the G-20 summit in France next week, President Obama said Friday the most important thing world leaders can do to boost the global economy is "to get the U.S. economy growing faster."

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  DECKER: Europe's savior: A new Deutsche Mark

  The utopian dream of a United States of Europe is coming apart at the seams. Greece, Italy, Portugal and Spain are all on the verge of default, which would push the rest of the common market into the abyss. For once, Paris is refusing to surrender and continues to fight the inevitable downgrade of France's credit rating. The European Central Bank isn't strong enough to do much to prevent a continental banking meltdown. Overall, European economic chaos makes U.S. fiscal indiscipline look manageable. This is slim comfort, however, because in the modern global economy, we all sink or swim together.

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  BLANKLEY: European unity crumbling in debt crisis

  How dangerous is the European financial condition? On Monday, while stock markets from the German DAX and the British FTSE to the New York Stock Exchange were up sharply on reports of French and German cooperative murmurs regarding sovereign debt negotiations (and on temporary easing of U.S. double-dip recession fears) the financial and political European press were warning of a coming financial crisis of unmatched dimensions.

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  FIELDS: Germany comes of age

  United Germany turned 21 this week. Families celebrated a three-day weekend, with the children waving black, red and gold national flags in the bright sunlight of an unseasonal October summer in Berlin. In Bonn, the capital of West Berlin when Germany was divided into the Soviet East and free West, fireworks flashed across the night sky.

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  Top EU official seeks closer political, financial union

  A senior European Union official on Wednesday called for closer political and financial unification on the Continent as fractures emerged among leaders on how to solve Greece's debt crisis.

• Inside China

  The ticking sound of a political time bomb in Chinese-South Korean relations got a little louder this week.

• Wal-Mart and Amazon go around Apple App Store

  Wal-Mart Stores Inc. and Amazon.com Inc. on Wednesday revealed new video and book-reading services that are designed for the iPad but bypass Apple Inc.'s fees on content sales.

• Wal-Mart's video service reaches iPad

  The Vudu video-streaming service is coming to the iPad, but not as an app.

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  Chinese jets chase U.S. surveillance jet over Taiwan Strait

  Two Chinese warplanes intercepted an American spy plane over the tense Taiwan Strait last month in China's most aggressive challenge to U.S. surveillance flights since a 2001 collision that touched off an international crisis.

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