S&P Sees EU Recovery With Risk Of Double Dip
S&P, like most economic forecast firms, like to hedge its bets. The credit rating agency believe that the eurozone will have a mild recession at the start of this year, and begin to emerge…
All Work
Douglas A. McIntyre
Their Government Near Default, Greek Unions Reject Wage Cuts
Greece could be just weeks away from defaulting on its debt and sending the eurozone in to an unpredented period of financial uncertainty and unrest. The Greek government has promised to implement strict austerity…
NY State Finally Sues Banks Over Mortgage Fraud
The nation’s largest banks have faced several charges over their foreclosure actions. The process took at turn for the worse for the financial firms as New York State filed a major legal action against…
Troubled Hedge Fund Harbinger Capital, It Founder Under Investigation, Loses 47%
Harbinger Capital’s main hedge fund lost 47% of its value last year. It was not the only bad news for founder Phil Falcone who is under investigation for violating securities laws. Most of the…
Consumer Spending Down In Jan–But Expected
Consumer spending dropped in January, but because of the end of holiday spending, the trend was expected. The open issue is if consumer spending by month will move ahead of the same months last…
Spain Wants Bank Mergers To Salvage Sector
Spain’s banks are laden with bad real estate loans and sovereign paper from its own nations and other troubled countries in the region. Spain believe that a partial solution to the problem is for…
Apple Loses German Court Fight To Motorola
Apple continues to win a few and lose a few as it fights to hold its lead in the smartphone and tablet businesses. One of its advantages has been it cloud computing platform which…
Swedes See Progress In Greece
Looking from the far north of Europe, to the south, the Swedes see progress on a Greek bailout, one which almost on one else see. If, from the vantage point, so far from most…
The Richest Cities Where No One Wants to Move
Flickr, Images of MoneyMany Americans still are holding off on buying homes in some of the country’s most expensive cities. While home prices fell 23% on average in the largest cities since the housing…
Congress’s Absurd Insider Trading Bill
This has been said before, but it is worth saying again. The idea that Congress needs to pass a bill to keep members of Congress and their staffs from insider trading is the reason Americans…
China’s Play to Help Europe
During German Chancellor Angela Merkel’s visit to China, the prime minister of the People’s Republic, Wen Jiabao, said his country might invest money in the European Financial Stability Facility and the European Stability Mechanism…
An Unexpected Recession Among Europe’s Stronger Economies
nationsonline.orgThe head of Dow Chemical (NYSE: DOW) says Germany and France are in recession. CEO Andrew Liveris is not an economist, but the massive company he runs does do business all over the world. An…
What’s Important in the Financial World (2/3/2012) Battle Among Fed Members, $100 Oil
Now that Facebook has released its S-1 in preparation for its initial public offering, the debate over the worth of the social network firm has become heated again. The range of values runs from…
Media Digest (2/3/2012) Reuters, WSJ, NYT, FT, Bloomberg
The U.S. indicts Swiss bank Wegelin on tax evasion charges. (Reuters) Fed president Richard Fisher says there is no need for QE3. (Reuters) Panasonic posts a quarterly loss of $2.6 billion. (Reuters) Martha Stewart…
Obama To Speed East Coast Wind Farms
President Obama will try to accelerate the opening of a number of East Coast wind farm locations. He has made it clear that the US must depend less on imported energy and fossil fuels.…
A Recession In Germany And France–Dow Chemical
Dow Chemical CEO Andrew Liveris says Germany and France are in a recession. His company does do quite a bit of business in the countries, but he is not an economist. Liveris’s comments appear to contradict unemployment…
Facebook Gives More Than It Receives
Facebook’s %4 billion IPO is not the only thing about the firm which has caught the public’s eye. According to a new Pew study, Facebook members are generous. They help their friends more than…
Canada May Block China Investment In Oil Sands
China’s PetroChina, its largest oil company, says it will buy a 20 percent stake in a shale gas project in Canada from Royal Dutch Shell Plc for an estimated $1 billion. The Canadian government…
A UK Recession
The National Institute of Economic and Social Research reports that the UK is in a recession, and GDP will fall .1% this year The controlling government continues to be faced with the issue of…
More Good New For Apple–US Use Surges
There is more evidence that Apple’s (NASDAQ: AAPL) iPhone has continues to gain share in the US. Comscore data show that iPhone hard market share grew by 2.2% from the Quarter which ended in December.…