A prominent UN agency has issued a warning that the globe is hurtling toward a long recession, a 40 million worldwide job shortage and an increase in large scale social unrest.
MF Global.... Watup?
Let's be honest - this deal is not going to solve anything. All it does is buy Greece a few months. Meanwhile, it is going to make the financial collapse of other nations in Europe even more likely.
Far from making the situation clearer, allowing investors to make considered assessments, this latest announcement made Western Europe's grotesque debt crisis even more acute, sowing further infectious spores of confusion.
The yen dropped from a post-World War II record against the dollar after Japan intervened in currency markets. Asian stocks sank as companies reported lower- than-estimated earnings and commodities declined.
I want last week's European bail-out to work. My sincere hope is that collective and decisive action by the eurozone's large member states will stabilize global markets, at least for a while, so allowing the global economy to catch its breath.
PARIS, Oct 29 (Reuters) - Air France cancelled about one in five flights and warned of wider disruption as a five-day strike by flight attendants over employment terms began on Saturday, in the middle of a busy holiday weekend.
A day after European leaders unveiled their latest plan to save the euro, top officials opened talks with China in an effort to lure tens of billions of dollars in additional cash, giving China perhaps its biggest opportunity yet to exercise financia
Due to the money crisis in Greece many people have resorted to bartering. The Time Bank is the name of the service swapping that has been growing. Will more Greeks adopt this practice? Sara Firth tells us more.
Brazil's government could help euro zone nations mired in a debt crisis but would likely limit its aid to a bilateral agreement with the International Monetary Fund, a local newspaper reported on Friday.
Date: October 28, 2011 - Reporting From: Tokyo, Japan
The world's biggest traders and investors thus have the certainty that market itself is backed by unlimited funding. Between artificial market supports and endless fiat-money availability it is a wonder American stock markets especially have not blas
Of course, by now you know the EU has announced another "miraculous" bailout. But this article, written by one of our favorite mainstream journos, Ambrose Evans-Pritchard, shows why it won't work, can't work and NEVER WILL work.
Most people have no idea that Wall Street has become a gigantic financial casino. The big Wall Street banks are making tens of billions of dollars a year in the derivatives market, and nobody in the financial community wants the party to end.
European leaders moved early Thursday to stem the debt crisis gripping the continent by agreeing to a plan that imposes steep losses on investors holding troubled Greek bonds and boosts the firepower of the region’s bailout fund to at least a trillio
Currently, it's a well-known fact that China is the most populous country in the world, and that Africa, though riddled with problems, is not necessarily overpopulated considering its size. These facts will drastically change. China's one-child pol
Euro zone leaders intend to scale up their emergency fund, the European Financial Stability Facility, to around 1.0 trillion euros, EU sources said on Wednesday.
WASHINGTON (AP) -- The euro is plunging against other currencies after European leaders and banks appeared deadlocked over how much of Greece's debt should be forgiven.
David Cameron was on Monday licking his wounds after the largest parliamentary rebellion of his premiership as 79 Tory MPs voted in favour of a referendum on Britain’s relationship with Europe. The government won the House of Commons vote late Mon
(Reuters) - Brazil on Tuesday rejected the idea of buying European bonds to help ease the euro zone's debt crisis, casting doubt on a plan for major emerging market economies to offer fresh funds for the continent's rescue.
Now that Europe has actually tried to do some calculations, which it is apparent that up until last week, they hadn't done, they are coming to the same conclusion.
The European Union is doomed to fail because the divide between the northern and southern countries is just too great, former Fed Chairman Alan Greenspan told CNBC in a recent interview. Alan Greenspan Getty Images Alan Greenspan "At the outset
Oct. 25th - Today's Price Jumps Means?...(...it means we get to watch what happens in the morning)
Greece sneezed, and now most of Europe has a cold. The European debt crisis has already spread like a virus from Greece to Ireland and Portugal, and other countries are now at risk
Leaders of the 17 euro zone countries will meet again in Brussels on Wednesday to finalize a "comprehensive strategy" to try to resolve the region's sovereign debt problems.
A Greek Trader Tells Us The State Of Things, And Explains Why The Worst Is Yet To Come
Mongolians know that they’re sitting on trillions of dollars worth of valuable resources, and that the economy is undergoing a rapid transformation. You can see it in their eyes… the energy, the buzz. Empire-building is in the cultural DNA here.
It appears a few people at least were not too happy with the call for the formation of the United Empire of Europe, at Humboldt University where the speech was delivered. ...Booed Off By German Students
"The sovereign debt crisis threatens the very existence of the eurozone," said Howard Archer, chief European economist at IHS Global. "It is therefore absolutely imperative that European policymakers finally deliver a major package."
...Pull More Financial Firms into the TBTF Complex