austerity

Germany

Merkel Wins as Need for Austerity in Europe Fades

Angela Merkel won a third term as Germany's chancellor. Her Christian Democratic Union and a smaller ally took more than 41% of the vote. If Merkel can create a closely knit coalition, ...
Read Full Story »
110898078

CBO Argues for an End to Federal Cuts

The Congressional Budget Office (CBO) reports that it is this simple: the cancellation of the automatic spending reductions specified by the Budget Control Act of 2011, or sequestration as it ...
Read Full Story »
greek flag

Greek Parliament Approves Massive Layoffs as Auterity Bites

The austerity versus stimulus battle flamed up again as the Greek parliament approved massive layoffs of public workers. Now, the proponents of cost cuts in financially weakened nations will get ...
Read Full Story »
Germany

Merkel Re-election: Victory for Austerity

Angela Merkel is likely to be elected to a third term as Chancellor of Germany, an office she has held since 2005. If she does win, the nation's leverage in ...
Read Full Story »
Bull and Bear

Why You Do Not Have to Fear the Fed’s Bond-Buying Taper

Investors may be overthinking the outcome of when, not if, Ben Bernanke and the Federal Reserve are going to start winding down or tapering the $85 billion in monthly bond ...
Read Full Story »
greek flag

Greek Privatization Effort Flops on Lack of Bidders

If things are really stabilizing or set to get better in Greece and the rest of the PIIGS in Europe, then why did a privatization sale end up with no ...
Read Full Story »
bank vault

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

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 ...
Read Full Story »
Stock Split Image

Roto-Rooter Owner Destroyed as DOJ Goes After Hospice Fraud

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 ...
Read Full Story »
greek flag

Greek Economy Hurt by 15,000 Layoffs

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, ...
Read Full Story »
Spain

EU to Defend Its Crisis Response at G-20 Meeting

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 ...
Read Full Story »
Gold and Silver

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

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 ...
Read Full Story »
Germany

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

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 ...
Read Full Story »
Spain

Portuguese Prime Minister Warns Citizens to Expect More Austerity

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 ...
Read Full Story »
Spain

Portugal Court Blocks Austerity Measures

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 ...
Read Full Story »
Germany

Economic Decline in Europe Worsens

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 ...
Read Full Story »