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Posts related to ‘Austerity’

bank vault

Risk of Overcapitalizing ‘Too Big To Fail’ Banks, Another Recession

Posted: May 9, 2013 at 3:14 pm

Charles Plosser, President and Chief Executive Officer of Federal Reserve Bank of Philadelphia, gave a speech on Thursday afternoon discussing how to end the "Too Big To Fail" conundrum of ...
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Stock Split Image

Roto-Rooter Owner Destroyed as DOJ Goes After Hospice Fraud

Posted: May 3, 2013 at 12:05 pm

Chemed Corp. (NYSE: CHE) is a very strange company. Imagine owning the Roto Rooter drain cleaning and plumbing company AND owning a for-profit hospice provider. Now a Department of Justice ...
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greek flag

Greek Economy Hurt by 15,000 Layoffs

Posted: April 29, 2013 at 6:44 am

If European Union finance ministers and the International Monetary Fund (IMF) have turned away from austerity as a means to help the region's economy, the action has not affected Greece, ...
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Spain

EU to Defend Its Crisis Response at G-20 Meeting

Posted: April 15, 2013 at 6:40 am

As European Union leaders go to the G-20 conference this week, they will try to make the case that their austerity measures have started to work, that they eventually will ...
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Gold and Silver

Bitcoin Craze Highlights Intrinsic Value of Gold and Silver (GLD, SLV, EBAY, AMZN)

Posted: April 12, 2013 at 11:00 am

If you have been following the coverage of Bitcoin this week, you have seen a frenzy level come about. The reality is that someone is trying to tell you that ...
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Germany

George Soros Blames Germany, Austerity for Europe’s Economic Woes

Posted: April 10, 2013 at 7:05 am

Why is Europe in such a difficult financial situation? Billionaire George Soros believes he knows. If only Germany would cooperate and offer more support to its weaker neighbors, everything would ...
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Spain

Portuguese Prime Minister Warns Citizens to Expect More Austerity

Posted: April 9, 2013 at 6:45 am

After a battle between Portugal's top court and its central government over the constitutionality of certain austerity measures, the prime minister says he will pursue any legal means he can ...
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Spain

Portugal Court Blocks Austerity Measures

Posted: April 8, 2013 at 7:00 am

The highest court in Portugal ruled that some of the austerity measures to be employed by the government to curtail deficits are not constitutional. In reaction, the central government said ...
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Germany

Economic Decline in Europe Worsens

Posted: April 4, 2013 at 7:10 am

Just when it seemed that the economic data from the European Union could not get worse, new service sector purchasing managers index (PMI) information from Markit shows that the collapse in ...
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cash register, not full

2013 Economic Impact of Easter at $17.2 Billion, Likely Undercounted

Posted: March 31, 2013 at 10:32 am

24/7 Wall St. tries to evaluate what the cost of each major holiday will be, or what the economic contribution is. The National Retail Federation tallies each holiday up using ...
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Bull and Bear

Ten Things That Could Wreck the Bull Market

Posted: March 30, 2013 at 8:00 am

The markets closed out the first quarter of 2013 with a big rally and the bulls seem to remain in charge. The Dow Jones Industrial Average (DJIA) is up more ...
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Tax

Cyprus Votes Against Silly Deposit Tax (or Theft)

Posted: March 19, 2013 at 2:54 pm

The parliament of Cyprus has just voted against stealing assets from depositors to fund the nation's bailout of its banking system. This is good news because it sends a message ...
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World currency

ETF Folly: Just When You Thought Bond Yields Would Skyrocket

Posted: March 19, 2013 at 12:10 pm

Bond yields have risen over the past month or two, and many investors expected those yields to keep rising. That was before Monday. The latest European debacle in Cyprus wanting to steal ...
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USPS Sorting Center

How Did the U.S. Postal Service Actually Add 4,500 Jobs in February?

Posted: March 9, 2013 at 8:37 am

There are always some interesting factoids in various industries and sectors in each monthly breakdown of the Employment Situation from the Bureau of Labor Statistics. Friday's BLS report was a ...
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Beware of the Coming Activist Bubble

Posted: March 8, 2013 at 6:31 am

You have heard of all sorts of bubbles in the financial world. There are instances like the housing bubble, a bond bubble, the dot-com bubble, the tech bubble, the private equity ...
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