What happened in the last few days is something quite shocking to the Eurocrats. Someone actually asked the people of his own democratic country if they approve of deep and lasting austerity as a worthwhile price to keep the euro. So finally, we have a rogue force in EU decision-making: democracy. I know there are enormous systemic risks in delaying the implementation of the deal made last week; but there are also profound long-term risks in pushing for the deeper European integration required of this crisis without popular, democratic consent.
Our video team launched a new original series this morning called Op-Vid: Campaign 2012. They’re pretty excited! In their humble words, It’s summed up as “opinion, without the pundits yelling. Handmade animation, without the caricatures. Essays, without the text. Complex topics, without the boring.”
This first edition in the series features Harvard professor and NewsBeast contributor Niall Ferguson taking on the economy.
Creator/Director Joe Posner’s gone down this road before, with “Austerity,” a similar video concept featuring Professor of International Political Economy Mark Blyth talking about Austerity budgets. That wound up on NPR’s All Things Considered.
Come, expand thy brains.
Ah ha! Spotted this yesterday from NewsBeast headquarters, but couldn’t make out what the banner said. “THANKS FOR THE DOWNGRADE. YOU SHOULD ALL BE FIRED.”
Dow Jones is a resident of Alma, Ark., a town of approximately 5,000 residents near the Oklahoma border that is best known for its yearly spinach festival. When reached at his home on Dow Jones Road, Mr. Jones told DealBook that unlike the stock market, he had not taken a tumble.
“I’m having a wonderful day!” he said. “I’m alive, at least.”