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.
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
Police on Alert As Merkel to Visit Greece
German Chancellor Angela Merkel brings her tough-talking advocacy for austerity to ground zero of the European debt crisis Tuesday, and police in Athens are so nervous they are employing as many security measures as they would for a visit by a U.S. president. Police have...
President Obama, Bill Clinton Stump on 'Growth' vs. 'Austerity' Agenda
President Obama and former President Bill Clinton tonight pitched a coordinated message on jobs and the economy that appeared designed to confront an electoral landscape unsettled by Friday’s dismal jobs report and an expected Republican victory in Wisconsin’s gubernatorial recall. Sharing the ...
More Unemployed Americans to Lose Jobless Benefits
Morning Business Memo: Unemployment checks will run out this summer for many people who’ve been hit the hardest by the recession: the long term unemployed. More than 100,000 people are expected to lose their jobless benefits this summer. The federal extension of unemployment checks is...