austerity

austerity Articles

Source: ThinkstockAngela 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...
Source: ThinkstockThe 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...
Source: ThinkstockThe 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...
Source: ThinkstockAngela 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 the fight for...
Source: Jon OggInvestors 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 buying....
Source: ThinkstockIf 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 bidders? That is what we would...
Source: ThinkstockCharles 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”...
Source: Jon OggChemed 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...
Source: ThinkstockIf 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...
Source: ThinkstockAs 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 repair...
Source: ThinkstockIf 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 the value of a virtual...
Source: ThinkstockWhy 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,...
Source: ThinkstockAfter 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...
Source: ThinkstockThe 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...
Source: ThinkstockJust 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...