China Vows Slow, Tempered Change to Exchange Rate
Filed under: Market Matters , Politics , Currency Saturday, China signaled that it would abandon its currency peg against the U.S. dollar . Then on Sunday, China’s...
Scrapping Energy Subsidies Would Save $550 Billion
Filed under: Forecasts , Market Matters , Economic Data , Politics , Oil Most people don’t realize that world economies spend more that $550 billion dollars...
G20 Scraps Fiscal Stimulus to Focus on Deficit Reduction
Filed under: Market Matters , Politics , Recession In an about face, G20 finance ministers dropped their support for fiscal stimulus . The communique from Saturday’s...
China Fund ‘Very Concerned’ About Eurozone Debt Problems
Filed under: International Markets , Market Matters , Politics , Financial Crisis China’s largest sovereign wealth fund, China Invest Corp. ( CIC ) is “very...
Lawmakers Set to Let Jobless Benefits Expire
Filed under: Politics , Recession Some 1.2 million people will run out of jobless benefits in June. Congress has gone on vacation without dealing with an extension...
Reform Bill Would Make Federal Reserve Accountable to Congress
Filed under: Market Matters , Politics , Federal Reserve , Financial Crisis During the financial meltdown, Ben Bernanke, chairman of the Federal Reserve, boldly...
Mayor Daley Threatens to Shoot Reporter To Prove Gun Ban Works
Mick Dumke Chicago Reader Friday, May 21, 2010 Mayor Daley loves to bag on the local media , and given my recent line of inquiry into his politics and policies,...
The Ponzi Scheme Unwinds in America and Europe
Everybody in the world is broke, except for maybe Lloyd Blankfein, and he may not end up broke so much as broken — by a political meat-grinder that is revving...
AIG Managers To Receive $380 million
Filed under: Management , Insiders , Employees , Personal Finance , Politics American International Group, Inc. ( AIG ) earned $1.45 billion in the first quarter....
EU Emergency Fund to Prevent Spread of Greek Crisis
Filed under: International Markets , Market Matters , Politics , Financial Crisis European Union leaders have agreed to set up an emergency fund to stop the spread...
Greek Parliament Passes Austerity Aid Package
Filed under: International Markets , Deals , Market Matters , Politics , Headline News , Financial Crisis , Currency The Greek parliament passed a tough austerity...
Gold, the Euro, and German Hyperinflation
With or without hyperinflation , today’s welfare-state obligations — just like 1919’s war reparations — are simply too big to be paid… The Eurozone’s...

