Tracy McNicoll

France's Baby Boom

The brooding French may be the world's biggest pessimists—61 percent anticipated more economic hardship in 2011, more than twice the global average, according to a recent Gallup International poll—but they're still adding new infants to their healthy broods.

A Pyrrhic Victory in France

Nicolas Sarkozy may well win his pension battle against the unions, but the French president will have little cause to celebrate. After weeks of strikes, fuel blockades, and street protests, the Senate finally passed his austerity bill late last week, another major legislative step toward raising the retirement age from 60 to 62 and the age at which workers can retire on full pension from 65 to 67.

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