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With the flood of economic news out of Washington this week you may not have been keeping up with the gloomy financial tidings out of Europe, where massive indebtedness in the East, funded by the West, is being referred to by some as Europe's subprime crisis. Time for an urgent...
Posted on February 27, 2009 10:57 AM
Hopes that China will keep the global economy growing at least a little bit next year appear to be fading, according to a Bloomberg report. The World Bank just lowered its 2009 China forecast to 7.5%, and Jim Walker of Asianomics Ltd. is even gloomier, estimating 0% to 4%. Even...
Posted on December 2, 2008 9:54 AM
On Saturday French President Nicolas Sarkozy, who also holds the rotating European Union presidency, will arrive for an emergency economic summit at Camp David with President George Bush. Sarkozy (pictured) comes with a mandate from the 27 EU leaders to push for a new global financial regulatory regime, as an...
Posted on October 17, 2008 8:34 AM
"It's embarrassing for the United States of America," said Treasury Secretary Hank Paulson earlier this week while pitching the administration's $700 billion bailout plan.You think? And even though investment bankers (like Paulson used to be) should be the most embarrassed of all, it seems inevitable that our financial meltdown will...
Posted on September 25, 2008 1:20 PM
On Monday night, government officials, backed by National Guard troops, took control of the Venezuelan operations of the largest cement maker in the country, Cemex SAB de CV. Now the Mexican company is crying foul. It says the government's $650 million offer isn't enough. But Venezuelan Vice President Ramon...
Posted on August 21, 2008 9:26 AM
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