Transferring wealth from one class to another to artificially boost real estate prices only delays the inevitable and necessary reallocation.

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Convinced that action on global warming is necessary and inevitable, the firm has promised to cut its greenhouse-gas emissions to 10% below their 1990 level within three years.

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It was a sober realization, due in part to the Starz deal going down in flames and to difficulties in negotiations with content owners, that separating the businesses was a necessary step toward an inevitable conclusion.

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Ferdinand Fichtner, a senior research associate at the prestigious German Institute for Economic Research in Berlin, said this week that a Greek default was both inevitable and necessary.

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