I gave up on trying to understand politics a long time ago (when I was a political reporter at The Birmingham News and was constantly getting scooped by rivals who had a far better sense than I of what was political dynamite in Alabama and what was not). So I found Jay Newton-Small’s explanation of why the congressional outrage over AIG’s bonuses has already mostly died down most educational. If a little depressing.
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Senate Approves Hike in Airline Security Fees
(WASHINGTON) — A Democratic-controlled Senate panel Tuesday approved a $2.50 increase in airline security fees that would double the per-passenger fee for those taking nonstop flights.
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Stocks Rally Further in Run-up to EU Summit
MOSCOW — Global stocks enjoyed one of their best days in weeks on Tuesday ahead of a summit of European leaders that’s expected to be dominated by calls to boost economic growth.
Europe remains the focus of attention across all financial markets in the run-up to the June 17 Greek election that could go a long way to determining the country’s membership of the euro as well as the future of the single currency zone.
