Ireland is one of many nations within the European Union that faces profound doubts about its ability to maintain its financial credibility. During the last several days, ministers of the European Union have tried to cobble together a rescue package that would allow the beleaguered country to manage its public debt.
Apparently, tobacco companies are facing stricter marketing restrictions not only in the United States, but on the global scale as well. However, in an effort to increase sales in developing nations, as well as combat the efforts of public health officials from 171 nations who are working to enforce a global anti-smoking treaty, known as the Framework Convention on Tobacco Control, cigarette companies are prepared to go down fighting.
No matter how many times wealth redistribution fails to achieve prosperity for all — and it has failed every time it has been tried — there are always those who think that they can make it work if given the chance. Hence, reports Fox News, “a coalition of 183 organizations from 42 countries,” featuring such left-wing bodies as unions, environmental groups, and UNICEF, “issued a plea this week urging leaders at the G-20 summit in South Korea,” including President Barack Obama, to adopt the “so-called ‘Robin Hood tax,’ aimed at collecting money from rich nations to give to the poor.”
For those who wonder what the entitlement mentality looks like when it is out of control, they need not look beyond Europe. In Greece, what were dubbed “anti-austerity” riots by conservative pundit Michelle Malkin were violent outbursts committed by mobs. The riots were led by left-wing vigilantes angered over new austerity measures instituted in Greece to combat the burdensome financial effects of socialism.