Although a transatlantic cultural gap still exists on certain issues, many Americans have started to think more similarly to Europeans since the beginning of President Obama’s first term.
It was an interesting week in the world of soccer, and the Upper 90 Soccer Show covered just about everything. From Paris Saint-Germain making a huge waves in the European summer transfer market, Chelsea captain John Terry being cleared of racially abusing QPR’s Anton Ferdinand (brother of Manchester United’s Rio Ferdinand), plenty of transfer rumors and big news concerning DC United.
Drawn together in this serene mountain outpost, leaders of the major industrialized nations are prodding Germany to balance its push for European fiscal austerity with doses of stimulus spending to avoid an economic calamity that could reverberate worldwide.
The NATO meeting in Chicago this weekend is a chance for alliance leaders to proclaim solidarity and promise success. But the gathering probably won’t resolve the underlying anxiety about sharing the burdens of defense, a concern heightened by Europe’s economic crisis and America’s growing weariness at carrying the heaviest load.
Billionaire Warren Buffett says American banks are in much better financial shape than European counterparts because of measures taken during the financial crisis.