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China, the largest foreign investor in U.S. government securities, joined Russia in criticizing American policy makers for failing to ensure borrowing is reined in after a stopgap deal to raise the nation’s debt limit.
This Bloomberg article is just another in a long line of disappointing mainstream financial reports that does nothing to address the real issues causing the crisis and, in fact, does everything to try to misinform the public into believing that the "
This Bloomberg article is just another in a long line of disappointing mainstream financial reports that does nothing to address the real issues causing the crisis and, in fact, does everything to try to misinform the public into believing that the "
Nearly 1,200 people have been arrested since the riots erupted Saturday, mostly poor youths from a broad section of Britain's many races and ethnicities. Britain is bitterly divided on the reasons behind the riots: Some blame the unrest on opportunis
Asian stocks extended their volatility early Thursday, dipping early and then recovering slightly, as markets faced increased concern about the debt crisis in Europe. Japan’s Nikkei 225 index opened down 1.84 percent, but it rose gradually after t
Explains what is going on with our economy and what to expect in the near future.
European stocks lose after Asian slump, but US stocks rise at opening as US Federal Reserve huddles into meeting.
Asian stocks markets were thrown into a tailspin Tuesday as flustered investors fearing a possible global recession continued to flee stocks. Hong Kong slid 6 percent and South Korea at one point plummeted nearly 10 percent. Oil prices tumbled to
Standard & Poor's US debt downgrade was a wake-up call for the world, a commentary in a top Chinese state newspaper said, adding that Asian exporters faced special risks.
Hyundai and Kia have sold more vehicles to Americans than all European automakers combined through the first seven months of 2011. Here’s how South Korea’s automakers have the rest of the world on the run.
Main Street America in protracted Depression
Gold mine production – subdued growth in next five years This report focuses on the gold mine production trend in the next five years and addresses the key issues that drive demand. We studied 345 gold mines as well as 30 copper and base-metal mines
Stocks around the world tumbled Friday ahead of crucial U.S. jobs figures, continuing a losing streak reminiscent of the aftermath of the collapse of U.S. investment bank Lehman Brothers in 2008. Growing panic about the debts of big eurozone count
I do not normally reprint rumors at all, as they tend to be very destructive, but this is a special case because the risks, if the rumor is correct, are exceedingly high. I'm sure you thought the 500 point loss on the DOW today was horrifying...
(BLAH BLAH BLAH)
Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means "like a parasite" on the global economy and said dollar dominance was a threat to the financial markets. "They are living beyond their means and shif
The people of Iceland have now twice voted not to repay international debts incurred by banks, and bankers, for which the whole island is being held responsible. With the present turmoil in European capitals, could this be the way forward for other e
Improving Mexican economy draws undocumented immigrants home from California
Hip replacements, cataract surgery and tonsil removal are among operations now being rationed in a bid to save the NHS money. Two-thirds of health trusts in England are rationing treatments for "non-urgent" conditions as part of the drive to reduc
Moody’s downgraded Greece’s bond ratings by a further three notches Monday and warned that it is almost inevitable the country will be considered to be in default following last week’s new bailout package. The agency said the new EU package of mea
(Publisher: Can't say we didn't warn you :)
The International Monetary Fund said Tuesday that the euro, a currency born a decade ago out of the post-World War II urge to knit Western European nations more closely together, was under “a shadow” and hinted it might not survive the current battle
Once again, just like in the case of Spain's LaMancha region lying outright about its deficit, "out of left field" discoveries such as this will keep reappearing until the full kit and caboodle of tens of trillions in impaired exposure finally...
Ireland would like to see the euro zone issue common bonds as part of the solution to the bloc's debt crisis, the Irish deputy prime minister said. "It is an option I favor. It is one of a series of options that have to be looked at," Eamon Gilmore t
This interactive Nat Geo chart shows the distribution of income around the globe:
European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for the first time that some form of Greek default may be needed to cut Athens' debts and to stop contagion spreading to Italy and Spain.
Moody's cut Ireland's credit rating to junk on Tuesday, warning that the debt-laden country would likely need a second bailout -- just the latest move amid heightening concerns about Europe's ability to address its debt crisis and prevent it from spr
In recent days, Italy has become Europe’s next weak link after Greece, Ireland, Portugal and Spain, harmed in particular by a power struggle between Prime Minister Silvio Berlusconi and his finance minister, Giulio Tremonti. The dispute threatens to
When one looks beyond the soft words of Jiabao, the real-world ramifications are startling. The Chinese government has embarked on the biggest people-moving experiment ever attempted. It wants to move some 300 million rural farmers to "urban environ
In a new report, Societe Generale argues that we're at the end of a cycle that began in 1980. The note is titled grandly: "A new world order, When demand overtakes supply."
