Austerity in the U.K. Regarded as Obsolete

The Source for the WSJ reports: For all the howls of Keynesian outrage at the austerity that’s crushing the U.K. economy, one little point seems to be missed: the U.K. government’s plans are to spend more money in each of the coming years than in the previous year. REVIEW FURTHER

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German Manufacturing Orders Surprises

FRANKFURT—New orders in Germany's key manufacturing sector rose sharply in October, beating expectations and adding to a recent run of positive data that indicate the euro-zone's largest economy has yet to succumb to the bloc's worsening debt crisis. REVIEW FURTHER

S&P Adds Fat to Fire

Monday's euro-zone downgrade warning by Standard & Poor's Ratings Services is a muscular move by a firm that was pilloried for its supposed laxity in the financial crisis. REVIEW FURTHER