The Worden Report
Friday, September 14, 2012

Bailouts, Bond-Buying: E.U. Plows Ahead!

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On September 12, 2012, a psychological threshold was reached in the E.U. on the way toward “ever closer union.” That is to say, at the end ...
Wednesday, September 12, 2012

Should Catalonia Be a New E.U. State?

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                                      Catalons rally in favor of secession from the state of Spain.      Globalpost.com A crowd estimat...
Sunday, September 9, 2012

Should Entitlement Programs Be Cut?

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If human beings have survival among our inalienable rights as citizens for whom both rights and duties apply, then we as a society must g...
Thursday, September 6, 2012

ECB Bond-Buying: Democracy Deficit

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In September 2012, the European Central Bank unveiled the Outright Monetary Transactions program in which the central bank would purchase b...

Aid to Egypt vs. Paying Down Debt

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The debt of the U.S. Government—some $16 trillion in 2012—can be difficult even to grasp conceptually. One does not run into a trillion of ...
Wednesday, September 5, 2012

Facebook Holds Employees to Declining Stock

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With Facebook’s stock trading at $17.73 a share just after Labor Day 2012, down more than half from the IPO issue-price of $38, further dow...

Bulgaria Shrugs Off the Euro

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In early September 2012, Reuters reported that Bulgaria had “abandoned plans to adopt the single currency in response to deteriorating econ...
Saturday, September 1, 2012

The Federal Reserve on Full Employment: A Democracy Deficit?

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The American economy expanded during the second quarter of 2012 at an annualized rate of 1.7 percent. Meanwhile, the unemployment rate fo...

Full Employment in a Republic: Hollande’s France

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Facing an unemployment rate of 10% in his state, with youth particularly hard-hit (23% for those under the age of 25), Francois Hollande ...
Thursday, August 30, 2012

No Guilt at Citibank

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In the days leading up to Labor Day 2012, Citigroup announced that the bank would pay $590 million to settle a class-action lawsuit by...
Monday, August 27, 2012

The West Crawling on Syria

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Those who laud the efficiency of the market mechanism are particularly wont to point to the slow mechanizations of government machinery. ...
Wednesday, July 25, 2012

Foe of Glass-Steagall: Break Up the Big Banks

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A few years after the financial crisis of 2008, Sanford Weill, the man behind the $70 billion merger of Travelers and Citigroup in 1...
Tuesday, July 24, 2012

South Korea’s President: Emblematic of a Culture of Corruption

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Mired in corruption, President Lee Myung-bak of South Korea reflected on the matter on television in July 2012. “The more I think a...
Sunday, July 22, 2012

Facebook Selling Users’ Personal Data: Unethical?

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With advertising accounting for more than 85 percent of its revenue, Facebook has faced great pressure in the wake of its lackluste...
Thursday, July 19, 2012

Economic Inequality in the U.S.: A Conflagration of Accumulated Dead Wood

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According to the Congressional Research Service, the share of total net worth held by the less affluent half of American household...
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