Did US banks hide Greek debt? - Business - Al Jazeera English
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Showing posts with label Economic recession. Show all posts
Showing posts with label Economic recession. Show all posts
EU says 420 billion euros injected into Europe's banks | Reuters
EU says 420 billion euros injected into Europe's banks | Reuters: (Reuters) - "European banks have already received 420 billion euros in funds to help recapitalize and are in a much better shape than three years ago, the European Commission said on Friday."
The main lesson from a down job market? Stay in school. As long as you can. - The Washington Post
The main lesson from a down job market? Stay in school. As long as you can. - The Washington Post: "They should stay put. Their best bet, by far, is to go to college and wait out as much of the economic storm as they can. If they can afford it, the smartest move may be to stay in school or in some sort of training program until the economy recovers in 2017. That’s because entering the formal job market during a recession and settling for low-skill, low-pay work can permanently derail career prospects. Desperate finance majors who take a job in retail, for example, may never get back on track. If graduates get stuck in a role that doesn’t use the full extent of their abilities, it is less likely that they will find a job later on that will. Employers tend to be biased against both the long-term unemployed and the long-term underemployed. Underemployment can, in other words, become permanent."
Lobbyists seek to penetrate debt committee | Reuters
Lobbyists seek to penetrate debt committee | Reuters: "The effort to influence what gets cut and what get saved inside the committee will be unprecedented, and intense. According to a study released this week by LegiStorm, a watchdog group, there are 11,700 registered lobbyists in Washington -- and 14,000 people who work on Capitol Hill.
In the past 10 years, the study added, more than 5,000 former congressional staffers and nearly 400 former lawmakers became federal lobbyists.
One lobbyist, speaking on the condition of anonymity, said: "It's not just going to be the 12 members who decide this."
In the past 10 years, the study added, more than 5,000 former congressional staffers and nearly 400 former lawmakers became federal lobbyists.
One lobbyist, speaking on the condition of anonymity, said: "It's not just going to be the 12 members who decide this."
Marseille lays bare G7 differences and lack of policy room | Reuters
Marseille lays bare G7 differences and lack of policy room | Reuters: "While the United States called on Europe's biggest economies to provide "unequivocal" support to struggling peripheral states to overcome a debt crisis that is crippling the world recovery, euro zone paymaster Germany said the priority was cutting deficits."
World stocks slide on economy and debt fears | Reuters
World stocks slide on economy and debt fears | Reuters: (Reuters) - "Stocks fell on Monday and the euro hit a three-week low versus the dollar as worries about Greek and Italian fiscal deficits and a regional election rout for Germany's ruling party cast more doubt on the euro zone's ability to solve its debt crisis."
Warren Buffett to invest $5 billion in Bank of America | Reuters
Warren Buffett to invest $5 billion in Bank of America | Reuters
If I had any money I would invest there too! Although, it is absurd that one individual should have that much power.
PIMCO: Treasuries reflect likelihood of recession | Reuters
PIMCO: Treasuries reflect likelihood of recession | Reuters
It has been a recession for quite a while when does it become a depression?
David Cameron on riots: broken society is top of my political agenda | UK news | guardian.co.uk
David Cameron on riots: broken society is top of my political agenda | UK news | guardian.co.uk: "Prime minister delivers a speech describing last week's rioting a 'wake-up call' for the country and says ministers will ensure policies address the causes of 'broken Britain'"
Maybe the US should also see this as a wake up call and start thinking about the 46 million people who live on food stamps.
Rhode Island's Central Falls files for bankruptcy | Reuters
Rhode Island's Central Falls files for bankruptcy | Reuters: "(Reuters) - Central Falls, Rhode Island, one of a handful of U.S. cities and counties facing fiscal collapse in the wake of the economic recession, filed for a rare Chapter 9 bankruptcy on Monday."
Moody's expects to affirm U.S. rating, negative outlook | Reuters
Moody's expects to affirm U.S. rating, negative outlook | Reuters
The whole story was to keep people away from the real news i.e. medicaid and medicare in jeopardy, high unemployment, low job creation, a weak real estate market for the middle class, huge cuts in education across the board, no health insurance in sight for 42 million of uninsured... an increasing gulf between the have and have not, governmental contracts awarded without fair bidding... and the list goes on.
Cisco to cut workforce by 11,500 | Reuters
Cisco to cut workforce by 11,500 | Reuters
More jobs lost, we wonder if the bonuses of CISCO management will be cut too?
NHK WORLD English - China hints at further curbs on rare earth exports
NHK WORLD English
"Japan, the United States and European countries, which depend on rare earth metals from China, are nervous over to what extent exports will be curbed."
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