austerity
austerity Articles
Sovereign debt crisis update. Some analysts claim the sovereign debt crisis in the eurozone has worsened in the past day. Others say it has gotten better. Each group is only guessing. Greece...
Published:
The fate of Greece remains undetermined. Rumors are that Prime Minister George Papandreou will leave as part of a brokered agreement to get the opposition party to support austerity measures. There...
Published:
Thursday was such a great day and the markets cheered endlessly as if the world is suddenly saved. With the DJIA having gone back over 12,000 and with the freshest economic data showing a less-bad...
Published:
Last Updated:
When were panning the hell out of the solar sector earlier in the year at significantly higher share prices, we were very certain that the sector was going to be in trouble. Austerity was only a...
Published:
Last Updated:
The “Occupy Wall Street” movement has been supported by many, yet criticized by many as well. How does one cover such a controversial issue that runs this deep and when it is this controversial?...
Published:
Last Updated:
The recession beginning to develop in the EU has shown more signs of accelerating. EuroStat reports that, “In June 2011 compared with May 2011, the euro area industrial new orders index fell by...
Published:
Three hours after a dismal jobs report the shuttle Atlantis made the last of 135 flights by the American fleet of orbiters, which extends back to 1981. Atlantis took with it 23,000 lost jobs in the...
Published:
One theory of economics says that any market can return to a point where it has been in the past. The Great Recession was, by some measures as bad as the Great Depression. Unemployment was 3.6% in...
Published:
Last Updated:
The U.S. Department of Energy has conditionally committed another $2 billion in loan guarantees for construction of two concentrated solar power (CSP) projects in southern California. With all of...
Published:
Austerity Watch Daily covers critical news about national sovereign debt, Credit Default Swaps, state and municipal deficit actions, and discussions aboutthe US deficit and debt.Here are some...
Published:
Moody’s downgraded Greece’s government bond ratings to B1 from Ba1 and said its outlook for the sovereign paper was “negative.” The drop was three notches, an unusual move for a credit...
Published:
Many investors in sovereign debt and euro zone nations which put up hundreds of billions of dollars are anxious to see if Greek moves toward default on its national paper. A number of investment...
Published:
The ruling Japanese party, the Democratic Party of Japan (DPJ), lost its control of the upper house of the nation’s legislature. The results may make it harder for the DPJ to push forward it...
Published: