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Showing posts with label World economic depression. Show all posts
Showing posts with label World economic depression. Show all posts
Anti-European tide sets Britain's ruling party against Brussels | Reuters
Anti-European tide sets Britain's ruling party against Brussels | Reuters: "Europe has never been popular among British Conservatives.
There is a tradition of resentment of Brussels, dating back to the era of Margaret Thatcher, who demanded and secured a rebate from the EU budget for Britain in the 1980s. Back in 1967, French President Charles de Gaulle accused Britain of a 'deep-seated hostility' towards the European project." (My selection)
And there has been a currency war lead by the US against the Euro and most Americans including the very liberal have a dislike of the European Union and wish its failure. The US led currency war is lowering the dollar value at a huge expense to its citizens who pay the bills and the brunt of the taxes: See "Currency war warnings follows US Fed's "quantitative easing" (My comment)
There is a tradition of resentment of Brussels, dating back to the era of Margaret Thatcher, who demanded and secured a rebate from the EU budget for Britain in the 1980s. Back in 1967, French President Charles de Gaulle accused Britain of a 'deep-seated hostility' towards the European project." (My selection)
And there has been a currency war lead by the US against the Euro and most Americans including the very liberal have a dislike of the European Union and wish its failure. The US led currency war is lowering the dollar value at a huge expense to its citizens who pay the bills and the brunt of the taxes: See "Currency war warnings follows US Fed's "quantitative easing" (My comment)
Greek police clash with protesters during Merkel visit | Reuters
Greek police clash with protesters during Merkel visit | Reuters: (Reuters) - "Greek police fired teargas and stun grenades at protesters in central Athens on Tuesday when they tried to break through a barrier and reach visiting German Chancellor Angela Merkel."
World Bank warns on China slowdown | Business | guardian.co.uk
World Bank warns on China slowdown | Business | guardian.co.uk: "International lender cuts growth forecasts for Asia Pacific region and says slowdown could worsen"
Eurozone crisis live: Unemployment at record high as manufacturing slides | Business | guardian.co.uk
Eurozone crisis live: Unemployment at record high as manufacturing slides | Business | guardian.co.uk
They ask the middle class to tighten its belt, while the richest people in the world saw an increase in their revenues of 13%. (My comment)
They ask the middle class to tighten its belt, while the richest people in the world saw an increase in their revenues of 13%. (My comment)
ECB faces moment of truth on bond-buying plan | Reuters
ECB faces moment of truth on bond-buying plan | Reuters: (Reuters) - European Central Bank President Mario Draghi will try to back up his pledge to do "whatever it takes" to save the euro on Thursday, presenting some details of a new bond-buying plan that is transfixing markets hopeful it can ease the euro zone crisis.
Five examples of civil disobedience to remember | Richard Seymour | Comment is free | guardian.co.uk
Five examples of civil disobedience to remember | Richard Seymour | Comment is free | guardian.co.uk: "Juan Manuel Sanchez Gordillo's raid on Spanish supermarkets recalls protests from Gandhi's Salt March to the poll tax riots"
World powers weigh emergency meeting on food prices | Reuters
World powers weigh emergency meeting on food prices | Reuters: (Reuters) - "Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to tackle soaring grain prices caused by the worst U.S. drought in half a century and poor crops from the Black Sea bread basket."
Deutsche Bank to slash 1,900 jobs to save $3.67 billion | Reuters
Deutsche Bank to slash 1,900 jobs to save $3.67 billion | Reuters: (Reuters) - "Deutsche Bank (DBKGn.DE) said it will slash 1,900 jobs in an effort to achieve cost savings of about 3 billion euros ($3.67 billion) as part of a broader strategic overhaul unveiled by the bank's new chiefs on Tuesday."
Goldman Sachs profits fall 11% | Business | The Guardian
Goldman Sachs profits fall 11% | Business | The Guardian: "Wall Street bank's net profit for the three months to June was $962m , compared with over $1bn in the second quarter of 2011"
IMF cuts global growth forecast with warning for US and Europe to act | Business | guardian.co.uk
IMF cuts global growth forecast with warning for US and Europe to act | Business | guardian.co.uk: "International Monetary Fund predicts slower growth in every major economy this year at lowest level in three years"
Peugeot cuts 8,000 jobs to end losses, shuts plant | Reuters
Peugeot cuts 8,000 jobs to end losses, shuts plant | Reuters: (Reuters) - "French automaker PSA Peugeot Citroen announced 8,000 job cuts and a plant closure as it struggles with mounting losses, in a move that could spark more restructuring and political tension in austerity-strapped Europe."
Trio of top central banks leap into action in sign of alarm | Reuters
Trio of top central banks leap into action in sign of alarm | Reuters: (Reuters) - "China, Europe and Britain loosened monetary policy in the space of less than an hour on Thursday, signaling a growing level of alarm about the world economy, although suggestions of coordinated action were played down."
Top banks say they not too big to fail | Reuters
Top banks say they not too big to fail | Reuters: (Reuters) - "Nine of the largest global banks on Tuesday expressed confidence they can be salvaged or dismantled without taxpayer bailouts if they became insolvent, as U.S. regulators released public portions of these banks' "living wills"."
IMF admits US recovery is 'tepid' but urges Obama to avoid drastic cuts | Business | guardian.co.uk
IMF admits US recovery is 'tepid' but urges Obama to avoid drastic cuts | Business | guardian.co.uk: "Christine Lagarde delivers gloomy forecast for president, but says attempts to cut spending too quickly would be 'excessive'"
Moody's downgrades 15 banks, Morgan Stanley down two notches | Reuters
Moody's downgrades 15 banks, Morgan Stanley down two notches | Reuters: Reuters) - "Ratings agency Moody's downgraded 15 of the world's biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities, but banks criticized the move as backward looking".
IMF chief Christine Lagarde warns world risks triple crisis | Business | guardian.co.uk
IMF chief Christine Lagarde warns world risks triple crisis | Business | guardian.co.uk: "Lagarde says world risks falling incomes, environmental damage and social unrest without more sustainable approach to growth"
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