Politics
Politics Articles
The managing director of the International Monetary Fund, Christine Lagarde, in a speech today said that the two prevailing views of how to repair the faltering global economy is neither to adopt a...
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At one time US taxpayers owned more than 90% of American International Group Inc. (NYSE: AIG). Today taxpayers own about 63% of the insurance giant, following AIG’s purchase of about 65 million...
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Outplacement firm Challenger, Gray & Christmas reported this morning that employers planned 40,559 layoffs in April, up 7.1% from the 37,880 job cuts in March. In April 2011 36,490 job cuts were...
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nationsonline.orgThere are two data sets out today that, taken separately or together, paint a dark picture of Europe’s economy. The first is the unemployment report from Eurostat, the Eurozone’s...
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The debate over the fate of the Postal System continues. The Senate passed legislation which would fund the agency so that it will not have to make substantial personnel, office location, or service...
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Standard & Poor’s has just lowered the sovereign credit rating of Spain. We have warned that the downgrades were not over for Spain nor for the other PIIGS nations. We would go ahead and...
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State tax revenue rose in 2011. It may not be enough to save the jobs of many public sector workers as states and local government continue to austerity drives meant to offset receipts which were low...
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Polls in France show that current president Nicolas Sarkozy will serve only one term. He is about to be defeated by Socialist Francois Hollande. Hollande has said he will increase taxes on the rich....
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US Treasury Secretary Timothy Geithner in a speech today encouraged European governments to support the International Monetary Fund’s (IMF) efforts to double its cash on hand and build an even...
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The coming nationalization of the YPF portion of Repsol YPF SA (OTC: REPYY.PK) by the Argentine government has killed a deal that the Spanish company had been reportedly negotiating with China...
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President Obama is expected today to call for Congressional action to add teeth to the regulations governing oil market trading. The President’s main proposal is likely to propose that regulators...
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Argentina’s President Cristina Kirchner has proposed the nationalization of the country’s oil resources in a move that will cost Spain’s Respol YPF SA (OTC: REPYY) most of it’s 57% stake in...
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Spain’s central bank, the Bank of Spain, reported today that the country’s banks borrowed a net average of €227.6 billion ($300 billion) from the European Central Bank (ECB) in March. The...
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In a speech this morning in Syracuse, New York Federal Reserve President William Dudley told an audience of local business leaders that while the US economy is doing better, “real economic activity...
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Between 2005 and 2010, more than 1 million undocumented Mexican immigrants into the US returned to Mexico, many for good. That number is about triple the number of undocumented immigrants who...
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