A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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IBTimes.co.ukAs Europe's Debt Crisis Grows, 'The Street Has Taken Control'CNBC.comThere's a new phrase being used to describe Europe's financial crisis: “the street has taken control.” Coined during the Latin American debt crisi...
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Daily BeastHow the Euro Crisis Will Affect YouDaily BeastAmericans tend to think (and are encouraged by politicians to think) of the European crisis as a debt crisis. Governments overspent, got into debt, and now the day of reckoning is at hand. Yet th...
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Greek exit talk edges euro towards tipping point (via AFP) Greece could be weeks from a euro exit crunch as an electoral revolt against EU austerity and a run on banks nudges the debt-laden eurozone towards a long-predicted tipping point. Politicians tired of paying an electoral price for multiple rescues have begun talking down...
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Stronger dollar drives oil prices lower (via AFP) Oil prices slid Monday as the dollar strengthened against the euro on mounting worries over Greek politicians’ inability to form a government. New York’s main contract West Texas Intermediate crude for delivery in June closed at $94.78 a barrel, down $1.35 from Friday. Earlier the benchmark...
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Ezra Klein interviews Elizabeth Warren- who chaired Congressional oversight panel on TARP and who is now running for the Senate in Massachusetts. EK: I agree that complexity is where lobbyists and lawyers work their dark magic. But when I talk to people in the industry about this, they say that simple rules sound great,...
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The euro currency is a malady that condemns at least a generation of Greeks, Italians, Spaniards, Portuguese and Irish to the economic infirmary. In these nations, unemployment rates are now at their highest levels in recent decades, and there are few prospects for recovery in sight. The economists and politicians who created the system...
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AsiaOneAsian markets mixed but Europe fears weighSydney Morning HeraldAsian markets were mixed in afternoon trade on concerns over political uncertainty in Europe, where Greek politicians remain unable to form a government and Angela Merkel's party...
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Telegraph.co.ukWill BSkyB's viewers turn on and tune in or drop out?Telegraph.co.ukBSkyB is in fine fettle. Or at least it would be if you were able to separate the savaged reputation of its biggest shareholder, News Corporation, from its underlyin...
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The 1st Q reserve numbers for the Swiss National Bank tell an interesting story. For a second quarter in a row, the foreign reserves have declined.
There is only one way that this could have happened; the SNB offloaded a portion of the EURCHF posit...
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At one point or another, all the big name politicians have indicated they would support changing the minimum Early Eligibility Age (EEA) rules for Social Security. Obama has said it, so has Boehner. Even guys who love Social Security, like Sen. Harry R...
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The Savior State has pulled out all the stops to prop up the Status Quo. Its gargantuan borrowing and spending have fixed nothing. Contraction is replacing expansion as the new normal.
For the past 67 years, Americans have been conditioned to expe...
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Countries around the world, particularly in the West, are hopelessly in the red, with debt rising every day. Even worse, politicians seem paralyzed, unable -- or unwilling -- to do anything about it. It is a global disaster that threatens the immedi...
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Forget politics. The 99%, the Occupy Wall Street movement, is not about politics. But politicians don’t get it yet. The Dems sure don’t. And while Bill O’Reilly says the movement is already dead, insider Frank Luntz thinks OWS is not only very...
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Ilargi: It's very simple, but maybe that's the problem. For all I know it's just too simple for people to see.
There's a group of people, and it's tempting to call them the 1%, but they’re not really, since there’s politicians in there too who ...
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Obviously, Black Friday will be a failure.
Disposable household income is down. House values are down. Stock values are down. Net worth, at least by any honest measurement is down. Savings return no income, and have no prospect of doing so. Governmen...
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November 21, 2011 6:39 pm
Biggs revises opinion on economy
By Dan McCrum in New York
Barton Biggs, the veteran strategist and investor, has warned that he was too optimistic on the prospects for economic recovery and that the outlook for the US stoc...
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Iceland did it right - you have to take over your own banks that went out of control, disallow their debts, throw out and then hunt down the crony politicians that were enabling them, and not least shut out the foreign banks that were involved in the s...
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Economists are warning of dire consequences if US politicians fail to make progress this weekend in tense talks aimed at reducing America's massive deficit ahead of a Wednesday deadline.
Supercommittee failure 'may trigger US downgrade'
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Slowly, over the last year, it’s begun to dawn on us: The economic recovery isn’t really making a dent in unemployment. ...
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I was struck by the irony of the GOP's populist threats against the FED, and the DEMs support of the FED.
I for one do not think that politicians are a stupid as most people think they are. They have been doing exactly what they need to do to get r...
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John Powell is worried - perhaps even scared.
Powell has watched the whole debt-ceiling debacle unfold down in Washington. He knows that our elected officials literally hold this country's future in their hands. He also knows that our leaders love nothing more than to squander opportunities and...
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July 19, 2011
Cost-Cutters, Except When the Spending Is Back Home
By RON NIXON
WASHINGTON — Freshman House Republicans who rode a wave of voter discontent into office last year vowed to stop out-of-control spending, but that has not stopped several ...
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