We interrupt coverage of Flight 370 for brief news from the world ... Interest rates rose this week on receding worry about Ukraine, and in the aftermath of the first Fed meeting with Janet Yellen in the chair, including her first public mistake (may as well get it over with). Last week a sanction war seemed imminent, one likely to suppress global economic growth. Chancellor Merkel on March 13: Annexation of the Crimea "... would not only change the European Union's relationship with Russia. No, this would also cause massive damage to Russia, economically and politically." Then yesterday, Merkel channeled Neville Chamberlain without evident embarrassment: “We will make very clear that in the case of further escalation we will be ready to introduce economic sanctions.” At th...
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