Tag Archive for Debt Crisis

The Debt Crisis in Puerto Rico: Why Is It Not More Newsworthy? – New Economic Perspectives

Anyone who follows the news periodically, if not more often, wonders about the criteria making certain issues or persons “newsworthy,” and others substantially less so. One reliable indicator of newsworthiness is that the story happens in Washington, D.C. A second is an unusual or counter-intuitive event (“Man bites dog”). A third is the prospect of large losses. This last quality, however, renders the relative neglect of Puerto Rico’s debt crisis an interesting anomaly.

Euro crisis hits Global Profits says Bloomberg, but June US tax collections hit 4 year record

Bloomberg says that global corporate profits are being hit by the Euro crisis. Maybe so, but second quarter corporate taxes in the US hit a 4 year record. Europe’s debt crisis is putting pressure on corporate earnings globally with companies from Procter & Gamble Co. (PG) to Danone (BN) cutting forecasts and signaling profits will…

Socialists take absolute majority in French parliament – Full story

Socialists take absolute majority in French parliament (via AFP) France’s Socialists won control of parliament, handing President Francois Hollande the convincing majority he needs to push through his tax-and-spend agenda to battle the eurozone debt crisis. The Socialists’ bloc obtained 314 seats — an absolute majority in the 577-seat National Assembly — and so…

Sheila Bair tackles the European debt crisis, Jamie Dimon and regulators – Video | Rooters

Sheila Bair, the former FDIC chairwoman who heads the newly formed Systemic Risk Council, explores whether U.S. banks can handle the European banking crisis and whether the attention on JPMorgan’s trading loss is distracting regulators from a looming crisis. (June 14, 2012) via Sheila Bair tackles the European debt crisis, Jamie Dimon and regulators –…

Consumer Sentiment Stinks – WSJ

The Thomson Reuters/University of Michigan consumer sentiment index fell sharply to 74.1 in early June from its final-May reading of 79.3 and an early-May reading of 77.8, according to an economist who has seen the report. The end-May index was the highest sentiment level since October 2007. The drop in early June may reflect consumers…

Central Banks Warn Greek-Led Euro Stress Threatens World. Pundits Demand Quick Fix

Central banks intensified warnings that Europe’s failure to tame its debt crisis threatens to roil the world’s financial markets and economy as Greece’s election in two days looms as the next flashpoint for investors. Monetary policy makers from the U.K. to Japan and Canada sounded the alert about potential fallout from the single currency bloc’s…