The Syrian Refugee Crisis & The Two Europes

In the early September days of 2015, for the second time in a quarter century, Hungary became the site of a European refugee drama. In 1989, during the months preceding the fall of the Berlin Wall, hundreds of East Germans trying to flee their “Workers and Peasants State” had besieged the West German embassy in… Read more »

Merkel Should Win the Nobel Peace Prize

Odds on who’s going to win the Nobel Peace Prize, to be awarded on Friday, are so hard to make that one could easily arbitrage various bookmakers. I’m not a betting man, but I hope the prize goes to German Chancellor Angela Merkel. She’s the favorite now, with average odds of about 6-1, and she deserves to… Read more »