The German government is very unhappy with the Federal Reserve’s decision to buy up an additional $600 billion in U.S. Treasury bonds. Finance Minister Wolfgang Schäuble says the Fed won’t be able to solve America’s financial problems in this manner. The move is seen as detrimental to the Euro countries because it causes the value of the dollar to drop, and thus gives American exports an advantage.In other news, despite playing a major role in the policies that just led to her party’s drubbing at the polls, Speaker of the House Nancy Pelosi has announced that she will have a go at maintaining her leadership of the Democrats when they become a minority in the House in January.
To see the headlines and the articles, open the full news post.
Thanks to Barry Rubin, C. Cantoni, Caroline Glick, DF, Fjordman, Insubria, JD, JP, Nilk, TV, Vlad Tepes, and all the other tipsters who sent these in.
Commenters are advised to leave their comments at this post (rather than with the news articles) so that they are more easily accessible.
Caveat: Articles in the news feed are posted “as is”. Gates of Vienna cannot vouch for the authenticity or accuracy of the contents of any individual item posted here. We check each entry to make sure it is relatively interesting, not patently offensive, and at least superficially plausible. The link to the original is included with each item’s title. Further research and verification are left to the reader.
