Asia Times Online
The global credit crisis took giant leaps forward this week. With even the euro region's depleted "core" succumbing, crisis dynamics are now anything but isolated to "periphery" markets and economies. German yields rose after Tuesday's "disastrous" ...
Fitch affirms low-default risk on Union Bank
PTI / New Delhi November 28, 2011, 21:31 IST Credit ratings agency Fitch has affirmed that Union Bank of India continues to have low-default risk as it has the support from the government. "Fitch Ratings has affirmed Union Bank of India's national ...
Financial crisis no excuse for climate inaction
28 (Xinhua) -- Policy-makers in advanced economies from Brussels to Washington are preoccupied with fighting a protracted and devastating financial crisis, but economic hardship should be no excuse for inaction on climate change. ...
Barack Obama is an irrelevance when it comes to the European financial crisis
With Europe facing its biggest financial crisis since the 1930s, today might be another moment when a US president could stand with European allies while projecting American strength and leadership at a time of great fear and uncertainty. ...
Europe Bank Debt Lures Funds at 26% Default Odds: Credit Markets
San Francisco Chronicle
Yields on subordinated bank debt have surged this year to 11.2 percent, almost triple the rate on senior bonds, while the derivatives market shows traders expect a 26 percent chance of default for the bonds. "The market is very close to pricing in a ...
Before you consider 'strategic default'
El Paso Inc.
You may have read articles or seen posters or other advertisements that encouraged strategicdefault. So what exactly is strategic default, and is it something that you should consider? Strategic default is choosing to let your house go into ...
Enough About Europe: Dissecting PIIGS And Their Dependency On The U.S.
According to CIA World Factbook, Spain's budget deficit has made it vulnerable to financial contagion from other highly indebted eurozone members despite its efforts to cut spending, privatize industries and boost competitiveness through reforms. ...
Bank of Israel Cuts Rate Again as It Warns of Europe Contagion
By Alisa Odenheimer Nov. 29 (Bloomberg) -- The Bank of Israel cut its benchmark interest rate for the second time in three months as it warned that the European debt crisis is “becoming more severe and is spreading.” The monetary policy committee ...
HR Options to Start on December 11th & the European Credit Crisis
Steel Market Update (blog)
The European Credit Crisis is like a like a train wreck, the train applied it brakes a long time ago but it takes the train 3 miles to stop once the brakes are applied, and so we get to see this train wreck in slow motion. We know what the carnage will ...
291 firms default PF dues of Rs 1838 crore
Delhi topped the chart with maximum default of Rs 604.87 crore followed by West Bengal at Rs 207.55 crore and Maharashtra at Rs 201.38 crore, Kharge said. The maximum number of suchdefault cases were reported in Maharashtra at 56 followed by 54 in ...
RBC's Schaffrik Sees 'Small' Chance of Italian Default
Nov. 28 (Bloomberg) -- Peter Schaffrik, head of European rates strategy at RBC Capital Markets, talks about the outlook for the Italian economy. He speaks with Francine Lacqua on Bloomberg Television's "Countdown." (Source: Bloomberg) (/Bloomberg) ...
Rob Portman: The Dual Challenges Of The Fiscal Crisis And The Economic Slump
Rob Portman: The Dual Challenges Of The Fiscal Crisis And The Economic Slump.
Cemex Advances Most in Month on Easing Default Concerns
By Jonathan J. Levin Nov. 28 (Bloomberg) -- Cemex SAB, the largest cement maker in the Americas, surged the most in a month on speculation the company will be able to meet the terms of a $15 billion loan. The shares jumped 13.9 percent to 5.73 pesos in ...
The Corporate Psychopaths Theory of the Global Financial Crisis
Death and Taxes
By DJ Pangburn Monday, November 28, 2011 A peer-reviewed paper is set to appear in the Journal of Business ethics which proposes the theory that psychopaths on Wall Street have had a critical role in the global financial crisis. ...
Mariah Re 'Cat' Bonds Set To Default
Now, after a particularly deadly tornado season, the Mariah Re bonds are set to default in the first year of their three-year term. They will hit investors with a $100 million loss on Dec. 31--the next scheduled payment on the bonds, S&P said. ...
Wenatchee bond repayment legislation is no bailout
Without this intervention, these bonds will default this Thursday and have potentially crippling financial effects across the state. In 2008, the Greater Wenatchee Events Center Public Facilities District (PFD), made up of Wenatchee and eight other ...
Forgive us our student loan debt
Washington Post (blog)
Unveiled just before Thanksgiving, a national Occupy Student Debt campaign kicked off, asking borrowers to sign a debtors pledge to default on their loans after one million individuals have also pledged to default. Default is not debt forgiveness. ...
Greece Headed For Involuntary Default
Signs that Greece is pushing bondholders for a harsher haircut point to the likelihood that creditdefault swaps will eventually be triggered. The euro continued falling on Friday while USD was the top performer. We take a look at the weekly charts, ...
Financial crisis biting: Swazi students stranded in Botswana
The Swazi Observer
A number of projects were suspended in light of the financial crisis. PS Evart Madlopha had stated earlier that government was facing challenges paying for the students because it had no money. NINETEEN students who were supposed to study technical ...
Gwyn: Canada not immune from European contagion
Bank of Canada Governor Mark Carney: "At this point, the crisis appears barely containable." (Nov. 23, 2011) By Richard Gwyn Columnist For a great many Canadians today, life has become a bumpy ride. A sickly stock market has shrunk the value of your ...
Pearl Harbor Caused the Financial Crisis of 2008 by James Altucher
When the Japanese invaded Pearl Harbor, provoking our massive WW II response, in a very direct way, it cause the financial crisis of 2008, my divorce, my potential poverty, and most other problems in my life. ... And then another flurry of articles (and that's what they are – a flurry – the first taste of snow in a new season of blame, anger, finger-pointing, she said-he said, we're broke, they're rich, world is over, contagion, storms that are hitting both coasts and will begin to move inwards.) ...
Barney Frank – Politician Behind Financial Crisis – Will Not Seek Re ...
By Jim Hoft
I have to wonder what role the 2008 financial crisis played in the ongoing European crisis. 2008 pulled the plug on leveraged financing, which is still the keystone of the impending Euro banking collapse. 2008 was the result of Democrats ...
The Gateway Pundit
ECB Passes €200 Billion In Cumulative PIIGS Bonds Purchases ...
By Tyler Durden
For a bank that everyone is bashing for "doing nothing" the ECB sure continues not only to be active in the open market but monetize well more than the Fed: in the past week the ECB's SMP program announced it purchased €8.581 billion in ...
José Manuel González-Páramo: Sovereign contagion in Europe
two.4 While contagion has characterised the various stages during which the financial crisis has become more acute ... Greek credit default swap premiums to predict developments in other euro area countries'. 4. A previous account of this ...
Prison Planet.com » ECB Passes €200 Billion In Cumulative PIIGS ...
More importantly, since the resumption of the SMP program in August, the ECB has bought €131 billion in PIIGS bonds, or about $176 billion. This works out to just under $60 billion per month (and no, it is not sterilized when the sterilizing ...
Spreading Eurozone Contagion | BobTuskin.com
You are here: Home / Spreading Eurozone Contagion. Subscribe to ... At issue is their guarantee for $1 trillion or more of European sovereign debt through credit default swaps – “insurance against which they have not reserved.” As a result ...
Contagion spreading FAST! No more time to wait! — Money and ...
By Martin D. Weiss Ph.D.
Its death spiral is under way; its plunge into default, virtually unavoidable. Here are the horrifying facts … ... So you'd think that, after the 2008 financial crisis, U.S. banks would have learned their lesson. But you'd be wrong. According to the ... All these debts, lies and failures are what inevitably lead to the contagion that we've already seen strike the PIIGS countries — Portugal, Ireland, Italy, Greece and Spain … and that is now on the near horizon for the United States. Still skeptical? ...
Money and Markets
Fuel Fix » OECD warns of eurozone contagion risk
By FT.com - Energy
OECD warns of eurozone contagion risk. ... European leaders need to provide 'credible' firepower to stop the contagion in the eurozone or risk a severe recession, OECD warns. 3. |.
Global Aids fund faces financial crisis - News - Mail & Guardian Online
The Global Fund for Fight Aids, Tuberculosis and Malaria is in financial crisis, putting pressure on Southern African HIV programmes for treatment.
Mail & Guardian News Feed
Detroit City Council Continues Fiscal Crisis Talks
By The Huffington Post News Editors
The Detroit City Council continued discussions Monday on Mayor Bing's proposals to address the city's financial crisis. ... Detroit City Council Continues Fiscal Crisis Talks. The Huffington Post First Posted: 11/28/11 01:17 PM ET Updated: ...
The Huffington Post | Full News Feed
The Fire Next Time: The Euro Financial Crisis - Endgame? - Blog ...
By AZ BlueMeanie
Posted by AzBlueMeanie: While all the media villagers are breathlessly reporting a good "Black Friday" holiday sales weekend in the U.S., most media outlets are entirely ignoring the elephant in the room, the Euro Financial Crisis, which is ...
Blog For Arizona
For China, flush with cash, financial crisis may mean political ...
By Kyla Springer
Just last week, the New York Times reported, the IMF offered an additional short-term credit to “bystanders” - member nations feeling the “contagion" of regional and global default. One tool is a “precautionary and liquidity” credit line that would ...
Simon Johnson on the Financial Crisis | EconTalk | Library of ...
Simon Johnson of MIT and the author (with James Kwak) of 13 Bankers talks with EconTalk host Russ Roberts about the origins of the financial crisis and how ...