Word: berlin
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...comrades-in-harm - and this in countries that pride themselves on having tamed the capitalist beast in the name of equality and social justice. So while the U.S. government has had to save Fannie Mae and Freddie Mac, Germany has had to save Hypo Real Estate with $69 billion. Berlin has also guaranteed all private accounts to the tune of $1.37 trillion. Britain has served up a bailout plan for its banks worth about $88 billion, and even Moscow has pumped $186 billion into the Russian banking system...
Happy-Go-Lucky Written and directed by Mike Leigh; rated R; out now Sally Hawkins won the Berlin Film Festival's Best Actress award as a cockeyed-optimist schoolteacher in this larkish entry from the usually dour Brit auteur Leigh (Secrets & Lies, Vera Drake). Even if you don't find Hawkins as adorable as the movie does, you're likely to fall in love with Karina Fernandez, who plays an imperiously funny flamenco teacher...
...kicked off that debate as Wall Street was reeling from the collapse of Lehman Brothers and Congress was first debating the bailout package. In a speech in Toulon on Sept. 25, he said the crisis marked "the end of a world that was built on the fall of the Berlin Wall and the end of the Cold War - a big dream of liberty and prosperity." As for capitalism, he called for a "new balance" between the market and the state and added, "The idea that markets are always right was a mad idea...
...photos of East German nostalgia in Berlin, click here...
...European governments can certainly talk the talk of coordination. Following a meeting with Italian Prime Minister Silvio Berlusconi in Berlin yesterday, German Chancellor Angela Merkel said, "We both agree that Europeans of course need to display a coherent course of action." President Nicolas Sarkozy of France, which currently holds the rotating E.U. presidency, read on television a common statement from all 27 members pledging to adopt "all necessary measures to protect the stability of the financial system...