 BusinessWeek The IMF is funded by its 187 member countries. Europe needs to act to prevent its sovereign-debt troubles from turning into a “banking crisis,” a scenario that would threaten the global financial sector and hinder world economic growth, said Zhu. ... See all stories on this topic » | ||
| World has Major Funding Gap, IMF Begs Russia and China for Money The Market Oracle It bought stakes in investment bank Morgan Stanley and asset management firm Blackstone only to see values collapse in the 2008 global financial crisis. Begging formoney from Russia and China is an act of desperation. Why would or should either ... See all stories on this topic » | ||
| Fed's Yellen Says 'Forceful Action' Needed on Europe Crisis BusinessWeek The central bank's Federal Open Market Committee said in a Nov. 2 statement that “there are significant downside risks to the economic outlook, including strains in globalfinancial markets.” Bernanke said in a press conference the same day that the ... See all stories on this topic » | ||
| Italy braces for new govt, IMF warns Asia on euro fallout Reuters India At a news conference after meeting Japan's Finance Minister Jun Azumi, she said: "...we touched on the economic situation in the euro zone, the way to address it, and the consequences that the euro zone crisis has and would have if it deteriorated ... See all stories on this topic » | ||
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| Comeback countries: Lessons for the eurozone CBS News Indeed, IMF research shows that distributing income more equitably fosters faster growth. Another major takeaway that the US, in particular, would do well to learn: In afinancial crisis, bank executives, shareholders and bondholders -- not taxpayers ... See all stories on this topic » | ||
| Dummy's Guide to the Financial Crisis Montreal Gazette The truth is no one knows what's going on. You obviously need a “Dummies' Guide to theFinancial Crisis” and who better to provide it than a financial dummy like me. So ask away: OK, Dr. Dummy: What's happening to the world's economy? ... See all stories on this topic » | ||
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| Europe Disatser Headed to U.S. Newsweek But the third reason Americans should care about Europe is more important even than the risk of a renewed financial crisis. It is the danger that what is happening in Europe today could ultimately happen here. Just a few months ago, almost nobody was ... See all stories on this topic » | ||
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| Stuck in the middle with Europe Washington Post The euro-pessimists should be modestly nervous that the new Greek prime minister, Lucas Papademos, is a former central banker who understands economics, and that the new head of the European Central Bank, Mario Draghi, is also savvy about financial... See all stories on this topic » | ||
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| Monetary Policy in an Era of Crises Federal Reserve Bank of San Francisco Second, recent reforms do not fully address a basic fact bared during the financial crisis: the funding system rooted in the capital markets is inherently at risk for runs, contagions, and panics. Investment banks and participants in money, repo, ... See all stories on this topic » | ||
| Greece swears in Papademos at head of unity government CNN International Athens, Greece (CNN) -- Economist Lucas Papademos was formally sworn in Friday as the head of Greece's new unity government, as the nation seeks to regain political andfinancial stability after weeks of uncertainty. Papademos, a former banker and ... See all stories on this topic » | ||
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| Govt strives to make better place for all Times of Zambia To this, the Finance minister in his budget speech noted that, “total expenditure by the end of 2011 is expected to be K24, 041 billion, 18.8 percent higher than expected.” Consequently as the Finance Minister presented his K27.698 trillion 2012 budget ... See all stories on this topic » | ||
| Harvard's Walkout Students Misunderstand Economics: Amity Shlaes Bloomberg Their specific criticisms are that economics as taught in this class, formally calledEconomics 10, failed to prevent the financial crisis and does nothing to narrow the gap between rich and poor. They'd like a more diverse intro course that includes ... See all stories on this topic » | ||
| MoneyWeek Roundup: The euro is heading down MoneyWeek Hold quality blue chips that can sustain their dividend yields even in the face of very tough economic conditions. Have some exposure to the US dollar – when the world is on the edge of financial disaster, it's still the place that most investors run ... See all stories on this topic » | ||
| Vice Chair Janet L. Yellen Speaks at the Fourteenth Annual International ... Insurance News Net (press release) These tests are based on detailed confidential data about the balance sheets of the largebanks and provide a comprehensive and rigorous assessment of how their financialconditions would evolve over a multiyear period if economic and financial ... See all stories on this topic » | ||
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| The Limits of Risk Engineering The Atlantic One possible story about the financial crisis is that an unusually rosy period of growth in the west taught us to expect--no, to need--an unsustainably high rate of low-risk return on assets. We made a whole lot of unsustainable promises during the ... See all stories on this topic » | ||
| Countries suffer from 'globalization of fear' Post-Bulletin Analysts say it's because people have been worried about the European debt crisis and a possible recession in the US It may seem unfair, but when fear of another financial crisis strikes money managers, they tend to flee emerging markets and stay ... See all stories on this topic » | ||
| How to lose customers and alienate stakeholders... Equitymaster.com For starters, although weak economic conditions are expected to put some pressure on demand for oil, the IEA does not expect it to fall substantially the way it had at the start of the global financial crisis in 2008-09. Meanwhile, production is not ... See all stories on this topic » | ||
| The Future of the Eurozone Council on Foreign Relations In fact, it's quite striking that, not so long ago, at least early on in the financial crisis, the ECB was seen as the most credible central bank, ahead of the Fed, because they reacted better to the initial round of financial disasters, like, ... See all stories on this topic » | ||
| Finance Ministry to give Indian Oil, Hindustan Petroleum and Bharat Petroleum ... Economic Times IOC, India's biggest fuel retailer, had warned on Wednesday about an impending fuelcrisis in the country after December because of the firm's deteriorating financial health. Announcing "the worst-ever" half-yearly performance of the company, ... See all stories on this topic » | ||
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| Diane Swonk: 'Greece is a tadpole; Italy is a whale' Chicago Tribune "We've seen that when European banks are hit, so are US banks. Panics cause their own self-fulfilling prophecies." Swonk said the probability of a European financialderailment is much higher now than several weeks ago because Greece's debt crisis has... See all stories on this topic » | ||
| Is the carbon tax a total waste of money? The Age The part of the government's package that most resembles the ''mad Keynesian experiment'' of Harry Hostan's question is the Clean Energy Finance Corporation, which will act like a bank or venture capitalist for clean and renewable energy projects. ... See all stories on this topic » | ||
| Currency Wars Financial Times Rickards examines the ongoing financial crisis through the same currency lens. On his view, quantitative easing – the Federal Reserve's creation of money to buy bonds – was a “secret weapon” to weaken the dollar, aimed mainly at China. ... See all stories on this topic » | ||
| Inject oil money into cocoa industry – COCOBOD Citifmonline The value chain finance in Ghana's cocoa sector is one of the best examples of short-term trade credit for agricultural producers in Africa, according to the report titled “Financing Africa through the Crisis and Beyond. ” Ghana is the second largest ... See all stories on this topic » | ||
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| Apocalypse now? - The nightmare scenario for the eurozone The Independent The result is a cascade of defaults. The government is in financial trouble, too. Still spending more than it collects in taxes, the administration orders the central bank to print as much money as it needs to pay public-sector wages. ... See all stories on this topic » | ||
| Frances Fox Piven: Occupy's 'Mass Defiance' Reflects 'Structural Crisis' In These Times Since the financial meltdown in 2008, Wall Street has witnessed countless protests calling attention to issues like the use of bailout money for bonuses, bailed-out banks' unwillingness to loan money to small firms and average citizens, the $25 billion ... See all stories on this topic » | ||
| Chairman Ben S. Bernanke' Speaks at the Town Hall Meeting with Soldiers and ... Insurance News Net (press release) In 2008 and early 2009, the world suffered the worst financial crisis since the Great Depression, a crisis which, had it been left unchecked, would have resulted in a globalfinancial meltdown and an economic collapse. Working with policymakers around ... See all stories on this topic » | ||
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| Struggling banks, big banks see less of the Grand Strand deposits Myrtle Beach Sun News Some of that gain is from customers wanting to go to a bank that is strong, like BB&T, he said. The bank hasn't reported any quarterly losses since the start of the financial crisis began and has been growing. BB&T avoided some of the problems by not ... See all stories on this topic » | ||
| The Coup Continues Gold Seek Well, a financial coup is along the same lines where the control of a country's financialsystem and/or its economy is taken from the people of that nation by a banking cartel or syndicate. The very creation of the EU itself was a mini-coup since those ... See all stories on this topic » | ||
| The Greek “left” backs regime-change World Socialist Web Site They are functioning as a left cover for the dictatorship of the banks and seeking to dissipate opposition in the working class. The European financial elite imposed the new regime in part in response to the two-day general strike and mass ... See all stories on this topic » | ||
| After Europe Change, Time for Market to Focus on US Economy CNBC.com Italy, the third largest debtor nation, has debt of $2.6 trillion and it is too large to be rescued by the European Financial Stability Facility [cnbc explains] . But Chadha said Italy can work its way out of its problems. "Italy has a primary surplus. ... See all stories on this topic » | ||
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| Argentina Can't Slow Drain on Dollar Reserves Wall Street Journal Experience with countless previous economic crises--including a freeze on bankdeposits a decade ago--has made Argentines unusually susceptible to financial jitters, analysts add. The government sowed further turmoil Wednesday, temporarily bringing the... See all stories on this topic » |
| Harper says no Canadian money for European bailout - World ... Major StoriesIn The News ... The financial crisis facing Greece and other countries, including Italy, was the key issue at the meeting. ... to pump more money into theInternational Monetary Fund that could, in turn, be used to fund the ... remains critical to restoring confidence and growth in the global economy," Harper added. ... www.cbc.ca/news/world/.../g20-imf-italy-greece-financial.html |
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