The financial crisis: without demand, the economy is doomed The Guardian Britain faces not just its worst-ever financial crisis – it confronts a crisis of a woefully unbalanced economy, dysfunctional institutions and a capitalism that no longer delivers. Already, the consequences are clear in stubbornly high and rising ... | ||
Financial crisis and stimulus: Could this time be different? Washington Post By Ezra Klein, Christina Romer had been asked to scare her new boss. It was six weeks after the 2008 election, and the incoming administration had gathered in Chicago. David Axelrod, Barack Obama's top political adviser, couldn't have been more clear ... | ||
Europe's Financial Crisis Intensifies Voice of America October 07, 2011 Europe's Financial Crisis Intensifies Lisa Bryant | Paris Europe's financial crisishas deepened this week as worries rose about the health of another bank - the Franco-Belgian-owned Dexia. Dexia's board meets Saturday to discuss the ... | ||
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Belgian fin min says must help Greece to avoid contagion- Greek paper Reuters ATHENS Oct 8 (Reuters) - Greece must be helped to avoid financial contagion on the scale of the Lehman Brothers meltdown in 2008, Belgian Finance Minister Didier Reynders told a Greek newspaper on Saturday. "We must help Greece to avoid the repetition ... | ||
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Thales 5-year Credit Default Swap falls 0.16 basis points, falling for a third ... Military & Aerospace Electronics Thales 5-year Credit Default Swap (HO.FR) fell 0.16 basis points (or 0.1%) to close at 139.65 basis points. A decrease in spread is a bullish signal. The change in insurance premium against defaulton a 5-year $10 million worth of Thales 5-year Credit ... | ||
Fitch affirms Uganda at 'B'; outlook stable New Vision Fitch Ratings has affirmed Uganda's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B'. The Outlooks on the Long-term IDRs have been revised to Stable from Positive. Fitch has simultaneously affirmed Uganda's Short-term IDR at 'B' ... | ||
Europeans Brace for Hard Times, Economic Woes Voice of America Fall out of eurozone's financial crisis While tough austerity measures in debt-strapped Greece have sparked massive protests, the fallout of the eurozone's financial crisis is beginning to be felt elsewhere. Banks in Germany and France that have lent ... | ||
High Corporate Profits May Reduce Risk in High-Yield Bonds New York Times Junk bonds were trading as if almost 9 percent of issues will default over the coming year, Mr. Morgan observed, even as Moody's Investors Service projects that only 1 percent to 2 percent will do so. “I see high-yield as offering pretty decent value ... | ||
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AMC seals 200 shops for tax default Times of India AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) has cracked the whip on property tax defaulters in the city. In the last couple of days, AMC has sealed more than 900 commercial units which had defaulted on their property tax. ... | ||
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It's Small Consolation, but Big-Company Funds Fared Better New York Times By PAUL J. LIM SINCE the start of the financial crisis, many money managers have been predicting that investors would gravitate to shares of large, industry-leading companies. Yet since the start of 2008, large-capitalization stocks have lagged riskier ... | ||
Kingdom's share in IMF valued at 7 billion SDRs Saudi Gazette JEDDAH – Saudi Arabia's less-publicized role in the current financial crisis afflicting the US and some European economies has become a source of query to many readers. Scattered information from large sources, economic jargon idiosyncrasies and ... | ||
Ryan, Angelides Disagree on Volcker Rule's `Burden' Washington Post Oct. 7 (Bloomberg) -- Philip Angelides, chairman of the Financial Crisis Inquiry Commission, and Timothy Ryan, chief executive officer of the Securities Industry and Financial Markets Association, talk about a proposal to limit risk-taking by US ... | ||
France, Germany split on using bailout fund Montreal Gazette By MATTHIAS SOBOLEWSKI, PAUL TAYLOR, Reuters October 8, 2011 Germany and France were split ahead of crucial talks on Sunday over how to strengthen shaky European banks and fight financial market contagion to prepare for a possible Greek default. ... | ||
Stocks turn down on mixed jobs, Europe downgrades BusinessWeek The Dow has closed up or down more than 100 points for nine straight trading days, the longest such streak since the middle of the financial crisis in November 2008. The Dow soared 468 points, or 4.4 percent, Tuesday through Thursday. ... | ||
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Heading heading heading Plymouth Herald THE world may be facing its worst financial crisis, according to Sir Mervyn King, governor of the Bank of England. But it's likely to be different to the Great Depression of the 1930s. In the last great financial crisis governments were not so worried ... | ||
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Spread the wealth for yourself Brisbane Times Before the global financial crisis, the only thing most people cared about was whether their account balance rose in line with the booming sharemarket. Important investment principles - such as diversification and the fact that higher returns mean ... | ||
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Losing a job and a piece of oneself Washington Post Rutgers University professor Carl Van Horn noted in the Oct. 2 Business article “Mental toll of joblessness grows when tough times don't ease up”: “Losing a job is more than just a financial crisis for people. It creates numerous other damage, stress, ... | ||
Untold Civil War stories: Goodbye, gold standard Washington Post (blog) By December 1861, the Union faced a financial crisis that could have hurt its ability to prosecute the war. Finding solutions for the problem led to a revolutionary change in the nation's monetary structure and eventually to the establishment of the ... | ||
Fitch downgrades Spanish and Italian government debt MyFinances.co.uk This has led Fitch to judge that the risk to Italian debt and the countries banks has increased and the threat of a financial crisis has increased. The markets have criticised European leaders for a lack of leadership in formulating a coherent, ... | ||
Banker: Financial crisis worst since 1930s — Clearing and Settlement By RSS Feed King offered his assessment after the bank's Monetary Policy Committee decided Thursday to pump $116.9 billion into the British economy to try to avoid a new credit crisis and recession, The Daily Telegraph reported. “This is the most serious ... Clearing and Settlement — Clearing... | ||
Geithner Urges Action amid Eurozone Default Concerns By David Huber In the event of a Greek sovereign debt default, officials in Germany have started debating how best to support German banks in a worst-case scenario. Meanwhile, ECB Governing Council member Klaas Knot told reporters on Friday that he ... IRA.com | ||
The Study on the US Financial Crisis Basedon Marxist Theory's ... By rain Since the US financial crisis has out broken in 2007, it has spread worldwide rapidly; It is a serious blow to the world's financial industry and its impact is sustaining. After the broken of the crisis, domestic and foreign scholars have conducted ... Economics Papers,Economics Term... | ||
Student debt may be the next financial crisis | Los Angeles County ... By Simon & Resnik, L.L.P. And while the housing market is still down and many are still struggling under the weight of foreclosures and attempting to receive a loan modification, some expect that the next big financial crisis will stem from unpaid student loans. According to sources, it's expected that by 2010 there will be around ... As of now, she is yet to actually default on the loan, but explained that due to the debt she is living from paycheck to paycheck. Overall, when looking at just these two student's financial ... Los Angeles County Bankruptcy... | ||
Europe's Financial Crisis Intensifies | Economy | English Europe's financial crisis has deepened this week as worries rose about the health of another bank - the Franco-Belgian-owned Dexia. Dexia's board meets ... www.voanews.com/.../Europes-Financial-Crisis-Intensifies-131... |