World economy at a ‘very dangerous juncture’: IMF chief
Thursday, December 22nd, 2011 | Post a comment
IMF chief Christine Lagarde warned Tuesday that the world economy is at a “very dangerous juncture,” speaking of the potential impact on poorer nations during her first visit to Africa as head of the fund.
Posted by John under: Perplexity,Root of All Evil
Nearly Half of U.S. Lives in Household Receiving Government Benefit
Sunday, December 18th, 2011 | Post a comment
Nearly half, 48.5%, of the population lived in a household that received some type of government benefit in the first quarter of 2010, according to Census data. Those numbers have risen since the middle of the recession when 44.4% lived households receiving benefits in the third quarter of 2008.
Posted by John under: Perplexity,Root of All Evil
Merkel, Cameron struggle to stress unity on Europe
Friday, November 25th, 2011 | Post a comment
German Chancellor Angela Merkel and British Prime Minister David Cameron strained Friday to stress their unity on tackling Europe’s spiralling debt crisis but differed sharply on key points.
Posted by John under: Perplexity,Root of All Evil
The next financial crisis will be hellish, and it’s on its way
Friday, November 18th, 2011 | 9 comments
“There is definitely going to be another financial crisis around the corner,” says hedge fund legend Mark Mobius, “because we haven’t solved any of the things that caused the previous crisis.”
Posted by John under: Perplexity,Root of All Evil
Black Friday backlash: Early openings a mixed blessing
Thursday, November 17th, 2011 | One comment
For Anthony Hardwick, Thanksgiving has special meaning. Last year, he proposed to his girlfriend, Denise, in front of her whole family during the holiday.
Posted by John under: Root of All Evil
G20 tells euro zone to fix debt crisis in eight days
Sunday, October 16th, 2011 | Post a comment
PARIS – The world’s leading economies pressed Europe on Saturday to act decisively within eight days to resolve the euro zone’s sovereign debt crisis which is endangering the world economy.
Posted by John under: Perplexity,Root of All Evil
US’s Geithner warns Europe crisis a global threat
Thursday, October 6th, 2011 | Post a comment
Europe’s crisis a threat to rest of world
* Geithner says Europe moving too slowly
* Preparing for new push at G20 talks next week
Posted by John under: Perplexity,Root of All Evil
German minister raises ‘orderly default’ for Greece
Sunday, September 11th, 2011 | Post a comment
Germany’s economy minster has said an ‘orderly default’ for Greece can no longer be ruled out. Photo: Reuters
Germany has stepped up its rhetoric against Greece, warning that the debt-laden country could default on its debts in a move that highlights the growing divisions at the heart of Europe.
Posted by John under: Perplexity,Root of All Evil
Markets heading to new danger zone: Zoellick
Monday, August 15th, 2011 | Post a comment
The loss of market confidence in economic leadership in key countries like the United States and Europe coupled with a fragile economic recovery have pushed markets into a new danger zone, something that policymakers have to take seriously, the head of the World Bank said on Sunday.