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November 21, 2007 | The (Euro)Land of Opportunity

Casey S Butterfield: Income mobility in the United States is not as high as people think. If the US economy is so excitingly dynamic, why do children in Canada and Europe have a better chance of surpassing their parents’ incomes?

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	Europe French voters hand President Sarkozy a drubbing in regional elections French President Nicolas Sarkozy's center-right bloc suffered a bitter defeat in regional elections on Sunday. Early returns signaled that his conservative UMP alliance lost all but one or two electoral districts. Europe Iceland volcano leads to cancelled flights, evacuations The sudden eruption of a volcano near a glacier in Iceland has led to evacuations and the rerouting of local and international flights. Germany German authorities launch massive tax evasion probe State prosecutors are investigating around 1,100 customers and staff of Credit Suisse's operations in Germany on suspicion that the Swiss bank has hidden client money from the tax authorities.