Tag Archive for Politicians

Debt crisis: Bailed-out Spain pleads for aid from European Central Bank – Telegraph

By Emma Rowley Spain’s prime minister said he is “battling” to get the eurozone’s central bankers to bring down the country’s record borrowing costs, amid predictions the state will need a second bail-out to save itself. Mariano Rajoy urged the European Central Bank (ECB) to resume its massive purchases of struggling euro nations’ debt in…

Study: It’s not a ‘fiscal cliff.’ It’s a ‘fiscal slope.’ – The Washington Post

Chad Stone, chief economist at the Center on Budget and Policy Priorities, thinks all this talk of a “fiscal cliff” is dangerously misinformed. “The economy will not go over a cliff and immediately plunge into another Great Recession in the first week of January,” he writes. (David Marcado – Reuters) But the fact that so…

Stronger dollar drives oil prices lower (via AFP) Full Story

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 WTI…

Elizabeth Warren: ‘That’s the strongest argument for a modern Glass-Steagall’ – The Washington Post

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, but…