Posts Tagged ‘ debt ’

Clashes erupted across the city center after more than 100,000 protesters marched to parliament to rally against drastic austerity cuts that will force firings in the civil service and slash the minimum wage. Prime Minister Lucas Papademos’ government was expected to carry the vote. » E-Mail This     » Add to Del.icio.us
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pimg style=float:right; src=http://static5.businessinsider.com/image/4d39e511cadcbb7b782a0000/sumo.jpg border=0 alt=sumo //ppIn 1991, former MIT dean Lester Thurow wrote that If one looks at the last 20 years, Japan would have to be considered the betting favorite to win the economy honors of owning the 21st century./p pHe wasn’t alone. The standard view of the 1980s held that Japan’s sway...
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Reuters – With worries about the debt crisis in Europe and high unemployment in the United States drawing the public’s attention, the sliding value of corporate pension funds has largely gone unnoticed.
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Reuters – Japan first annual trade deficit in more than 30 years calls into question how much longer the country can rely on exports to help finance a huge public debt without having to turn to fickle foreign investors.
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Reuters – The U.S. economy appears to have shaken off the gloom from Europe’s debt crisis in the fourth quarter, pushing ahead at what was likely its fastest pace in nearly two years.
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Reuters – Five years after the credit crisis began, Western economies are confronting the prospect of a lost decade of growth, and international diplomats are warning the damage could get even worse if Europe allows its sovereign debt crisis to fester much longer.
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AP – The decision by Standard Poor’s to strip France of its prized AAA credit rating and downgrade eight other European countries slammed a continent struggling with a debt crisis and an economic slowdown.
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AP – The decision by Standard Poor’s to strip France of its prized AAA credit rating and downgrade eight other European countries slammed a continent struggling with a debt crisis and an economic slowdown.
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Reuters – China’s exporters will face very severe conditions in the first quarter of 2012, the Commerce Ministry said on Thursday, with Europe’s debt crisis dragging on and dampening demand.
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AP – An Illinois farmer made so much money this year he made loan payments on one tractor a year in advance and exchanged some older ones for newer models. An Iowa farmer upgraded his combine and also paid off debt, while an elderly Oregon farmer poured into retirement funds a bundle of his...
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AP – From money managers in the United States to garment makers in southern China, the business world is fixated on Europe’s debt crisis.
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AP – U.S. Treasury Secretary Timothy Geithner is darting across Europe with a stark message: The continent’s leaders must act quickly and convincingly to defuse a debt crisis that is threatening the global economy.
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