Failure Of Austerity News
Stocks Tumble as Greece Rejects Bailout
In a historic vote, Greece rejected a bailout plan from creditors, sending global stocks tumbling and raising fears that the country might be forced out of the Eurozone.
With Austerity Light on Taxes, Cyprus Sees Economy Rebound
After emerging from a three-year, multi-billion euro rescue program, Cyprus boasts one of the highest economic growth rates among the 19 eurozone countries _ an annual rate of 2.7 percent in the first quarter
Greek Government Submits New Austerity Bill to Parliament
Greece's left-led government has submitted to Parliament a new package of creditor-demanded tax hikes and reforms worth 1.8 billion euros (US$2 billion)
Strong Jobs Report Lifts US Stocks
Morning Money Memo: U.S. markets are looking at a strong day on Wall Street, following positive labor market data for last month. Equities are up to start the final trading day of the week, on the heels of a 211 point gain Thursday. January jobs...
Back to School Gets More Expensive
Morning Business Memo… This year’s back-to-school spending bills for many families will be more expensive than last year. The price pressure is not coming from stores but from schools, because of budget cuts in many districts. “We found that teachers are digging into their own...
Roundtable I: This Week in Politics
Arianna Huffington, Paul Krugman, David Stockman, Greta Van Susteren, and George Will.
No 'Magic Number' in Dow Jones' Record But There's Still Good News
The Dow Jones industrial average reached a record high this morning at the opening bell, surpassing a key level in its recovery from the 2008 financial meltdown. The Dow surged 147 points to 14,275 at 11:43 a.m. ET, topping the previous record high of 14,164 achieved on Oct. 9, 2007. Since the last
2012's Most Compelling International Elections
As voters in the United States have just cooled down from the 2012 election season, contests across the globe are just heating up. From Ukrain's disputed election, to Egypt, which held its first democratic election in centuries, a stream of countries are set for or have held highly contentious and
Election 2012: Obama's Top 8 Post-Election Economic Issues
Now that the anticipation of the presidential election is behind investors' minds, the next hurdle of uncertainty is the fiscal cliff and Europe. Stocks are reaching lows not reached in months. The forecast for the European economy is gloomy, and Americans are anticipating gridlock over impending