Greek Unemployment Nears 22%
Unemployment in Greece reached 21.9% in March, which allows it to move into the club of EU nations with unemployment rates over 20%. Spain chairs the association. The Greek number was up from 15.7%…
All Work
Douglas A. McIntyre
Americans Not Terribly Worried About Jobs Report
The jobs report last Friday, which covered unemployment in the United States, showed that the economy only added 69,000 jobs. The number was below almost all expectations and was front page news on every…
As French Unemployment Grows, Another Blow to Europe
The INSEE, the official statistics arm of the French government, announced that first-quarter unemployment reached 10%. The reality of the problem was worse than that. Like the United States, France has a large portion of its…
China to Increase Investment in Europe, Maybe
China’s investment in Europe tripled to $10 billion in 2011, compared to the amount in 2006 to 2009. But that is not very much money, given the size of the European economy. Research firm Rhodium…
Apple’s Best Hope — Block Samsung in the U.S.
Apple’s (NASDAQ: AAPL) best hope to keep from losing substantial market share to Samsung in the United States is to block the distribution of the South Korean firm’s new Galaxy S III. The Samsung smartphone has sold…
Media Digest (6/7/2012) Reuters, WSJ, NYT, FT, Bloomberg
LinkedIn (NYSE: LNKD) and eHarmony suffer data breaches that allow millions of passwords to be released. (Reuters) Janet Yellen of the Fed argues a slow economy may prompt more easing by the central bank.…
The 12 Companies with the Highest-Paid Boards of Directors
Often, the media discusses the issue of high CEO pay, but what about high pay for members of the board? More than a dozen public company boards had directors whose compensation averaged more than…
Spain Borrowing Costs Rise Above 6% on 10-Year Paper
If any more proof is necessary that Spain cannot raise capital at reasonable prices, its new bond auction offers it. The average yield on 10-year notes was 6.044%, up from 5.743% in April. Spain,…
Fed’s Yellen Still Sees “Headwinds”
Fed No.2 Janet Yellen left the door wide open for a shift toward QE3, which has appeared more likely since the May jobs report. She noted “headwinds” in her comments before the Boston Economic…
Today’s Best Market Rumors (6/6/2012) Chesapeake Energy May Sell Pipelines
Updated throughout the day on the 24/7 Wall St. Wire. Panasonic will supply Olympus with 20 billion yen in loans (Reuters) Nasdaq will compensate some large investment houses for money lost on the Facebook…
Cheap Nokia Phones
Nokia (NYSE: NOK) has launched a line of inexpensive touchscreen phones, perhaps to offset its failure in the high end of the smartphone market. Tens of millions of people around the world still do…
German Bank Downgrades By Moody’s
Germany is assumed to be the home market of some of Europe’s most stable banks because of the relative stability of its economy. Moody’s has undermined that view as it cut ratings of seven…
EU Crisis Expands
nationsonline.orgIt is hard to imagine how the situation in Greece could worsen. G7 financial ministers met by phone yesterday to encourage leaders in the region to build a support system for weak countries. Nothing…
What’s Important in the Financial World (6/6/2012) Nokia Cheap Phones, German Bank Downgrades
It is hard to imagine how the situation in Greece could worsen. G7 financial ministers met by phone yesterday to encourage leaders in the region to build a support system for weak countries. Nothing…
Young, Uneducated and Unemployed
It took a study by Rutgers academics to remind the media, and perhaps some Americans, that young people with high school educations or less cannot find work. The study was unnecessary. The Bureau of Labor…
Have America’s Most Crippled Regions Begun to Recover?
The Bureau of Economic Analysis released its data on GDP growth by state for 2011. One of the trends the data show are that many of the states most badly hurt by the recession…
Media Digest (6/6/2012) Reuters, WSJ, NYT, Bloomberg
Nasdaq (NASDAQ: NDAQ) will announce what compensation it will give Facebook (NASDAQ: FB) brokers. (Reuters) The European Union continues to look at ways to help the region’s damaged banks. (Reuters) Spain says it has lost access…
America’s Richest School Districts
The average income of Americans differs by state, county, city and ZIP code, obviously. At each level, the amount residents earn every year impacts available government services, health and overall quality of life. This…
Michigan Oil Spill Compounded by Poor Safety Procedures
Canadian pipeline company Enbridge (NYSE: ENB) is in the hot seat for an oil spill from a ruptured line in southern Michigan. Crews in Marshall, Mich., are still working to clean up contaminated areas nearly…
The Six States Where Homes Lost The Most Value
Home prices may have stabilized in some markets, but recent data from sources which include S&P/ Case-Shiller demonstrate in some major cities, prices continue to fall. The free fall is also evident in a number of states.…