Surely, this must be the singularity of conspiracy theories.
Blaming the world’s economic and financial crisis on an “economic liberalism that spurns rules and controls,” the Vatican... released an ambitious proposal for global regulation of the financial industry and the international money supply.
The 16-page document from the Pontifical Council for Justice and Peace calls for a “central world bank” to regulate the “flow and system of monetary exchanges similar to the national central banks,” such as the U.S. Federal Reserve.
The proposal also calls for a global tax on financial transactions, whose revenue would go to a fund to help “support the economies of the countries hit by crisis.”
I'm not sure what joke to use. How about this: "They warned us what would happen if we voted for Kennedy!"
Don’t Sweat the Dodd-Frank Rollback Congress just gave Wall Street a win. It also opened the door for smarter, better financial reform.
What Happened at Slate This Week? Staff writer Lily Hay Newman shares what stories intrigued her at the magazine this week.
Squash vs. Baseball! Wrestling vs. Golf! Good riddance to the days when sports had to fight each other for Olympic survival.