China and Russia will no longer use the dollar for trade goods between the two countries. I'm not sure if this has any global economic significance.

Netflix is now a powerful force in the movie and TV business. As a subscriber, I love it.

Some more analysis of the 2010 Republican sweep.

Stephen Hayes writes about the sixty-years war in Korea.

A day of reckoning nears for the Eurozone as investors continue to vote with their feet by fleeing from the bonds issued by nations like Ireland, Greece, Portugal and Spain. Meanwhile, the Spanish Prime Minister blasts bond investors for lacking confidence in his country, the Euro takes a pounding, and German officials express skepticism about another round of bailouts. The Germans have good reason to be fearful, as the costs of these bailouts may start to impact the credit standing of Germany itself. Here is more on the German side of the equation.

In Ireland, a local election seems to indicate that the mood of the public has turned against the ruling party. Here is an analysis of Irish party politics for those wishing to understand more about the situation on the Emerald Isle. As I understand it, the big issue now is their austerity budget. If it passes (on December 7, of all days), then the first crisis will pass. If not, the bond markets will pound not only Ireland, but also the other European countries on the edge. The currency markets will pound the Euro, as well.

Here is the Wall St. Journal article on the financial mess in Europe.

Paul Krugman slams the Irish government for using tax revenues to bolster their bankers in the first place.

One British newspaper is now calling for the U.K. to get out of the European Union.

Finally, lest we get too smug about all of this, here is an article by a former governor of the Federal Reserve Board who points out the fiscal trap facing the United States of America.