The Hungarian government is taxing foreign companies and nationalising its private pensions to fill its coffers. It has taken forceful steps to muzzle the media, tame the courts and subjugate the central bank. This could hardly be a worse moment for Hungary to take over the chairmanship of the European Union.
U.S. authorities have collared few high financiers for their role in the crash. By contrast the Federal Deposit Insurance Corp is lining up lawsuits against 109 mostly small-time bankers, arguing that negligence and fraud contributed to their firms' demise.
The Consumer Electronics Show kicks off on Thursday, when some 125,000 gadget-heads will descend on Las Vegas. Yet again, none of Apple's hipster crew will attend. Their absence will be more acutely felt than ever, as rivals strain to show off answers to the iPad.