If you live in the United States, vote, pay taxes, and get your electricity from a utility company, you’ve helped the solar power industry. You support the solar industry through a variety of tax and regulatory policies—voted in by politicians you elected—that favor it over other lower-cost forms of electricity generation.
Antonis Samaras, the head of Greece’s conservative New Democracy party, has resigned from leadership following the nation’s resounding rejection of Eurozone debt repayment terms in a referendum on Sunday. Samaras will be remembered most for being the only prime minister in the last decade to accept austerity measures and attempt to curb Greece’s spending during the current crisis.
Promising to reverse a stock market crash over the last 14 trading days that has been worse than the US crash in October 2008, China’s state-owned banks, stock brokers, and fund managers committed $200 billion to rescue stock prices over the weekend.
HONG KONG — For nearly three years, President Xi Jinping of China has crushed opposition by silencing and often locking up anyone who dares defy the government. But that aura of invincibility has been shaken by stock market speculators who have made a mockery of efforts to halt a steep slide in share prices.
In an interview with Manchester, NH’s WMUR, Republican presidential hopeful Donald Trump was asked how he would handle U.S. policy regarding the ongoing Greek debt crisis. According to Trump, the problem is a product of European nations trying to hurt
Greek voters headed to the polls Sunday to decide their country’s cooperation with the terms of an international bailout. The truth is that Greece has actually been in default of its debt obligations for more than half of the last two centuries.
As the ruling Coalition of the Radical Left (Syriza) vocally demands the Greek people vote “no” on a referendum regarding European Union debt repayment terms on Sunday, an unlikely voice has emerged representing the opposition “yes” vote, interpreted as a vote in favor of keeping the Euro as currency and remaining in the Euro: electro-pop megastar Sakis Rouvas.
WASHINGTON (AP) — Even after another month of strong hiring in June and a sinking unemployment rate, the U.S. job market just isn’t what it used to be.
Thom Feeney, a 29-year-old London shoe shop worker, has raised almost a million dollars in an effort to help Greece pay off its debt to the International Monetary Fund (IMF). As of the time of this writing, Feeney had raised nearly $970,000 through an IndieGoGo campaign.
Global venture capitalists invested $56.31 billion in 4,894 deals during the first half of 2015–the lowest number of deals recorded by the Pitchbook blog over a six month period in the last 25 years. The major reason for a smaller number of companies being funded is that venture capitalists are throwing huge amounts of money at a small number of “unicorns.”
Former Republican Congressman and presidential candidate Ron Paul stated he’s worried about Donald Trump’s “take charge and take over” rhetoric because “I think we’ve had too much government taking charge and taking over” on Thursday’s broadcast of Newsmax TV’s “The
Greek banks have been shut since Monday, and the system faces collapse if the European Central Bank (ECB) declares them insolvent should Greece refuse to pay back its debts.
On Friday, The New York Times seemed completely bewildered by the plummeting rate of teenagers in the workforce. The Times observes, “Since 2000, the share of 16-to-19-year-olds who are working has plummeted by 40 percent, with fewer than a third of American teenagers in a job last summer.”
Early Facebook investor and Paypal billionaire Peter Thiel revealed two key pieces of advice he gives aspiring entrepreneurs and investors this week at the Atlantic Aspen Ideas Festival.
In the wake of the growing financial crisis, thousands of Greek nationals are fleeing their homeland. Tens of thousands have ended up in Australia. It is the largest wave of migration from Greece to Australia since hundreds of thousands fled the march of fascism in World War II.
Members of the Chicago teachers union and some Chicago parents are protesting this week’s decision made by union officials to fire 1,400 union employees and make $200 million in budget cuts all in order to meet its pending pension obligation.
Greek Finance Minister, Yanis Varoufakis, earlier told Bloomberg TV “I prefer to cut my arm off” than sign up to a proposal that didn’t include restructuring his country’s debt. As luck would have it the International Monetary Fund (IMF) looks like it sympathises
Sunday, Greeks should vote “No!”
The Greek government said on Wednesday it had no plans to cut defence spending, appearing to contradict a letter sent by Prime Minister Alexis Tsipras to creditors a day earlier offering to “reduce the expenditure ceiling for military spending”.
As Uber and other Silicon Valley startups come under legal pressure for employing an army of full-time freelancers, a well-funded new startup has decided to completely switch its workforce to staffed employees with full benefits (“W2” workers).
Multiple factions within the Turkish government have expressed a willingness to help the Greek government repay its debts to the European Union, from a general statement by Turkish Prime Minister Ahmet Davutoglu that Turkey will do “whatever we can” to help Greece to the nation’s leftist party suggesting a massive loan to the Greek government in solidarity.
China’s leading Shanghai Index officially entered a “Bear Market” this week, with stocks, plunging over 20 percent since their mid-June high.
Uber Europe GM Pierre-Dimitri Gore-Coty and Uber France CEO Thibaud Simphal were both taken into custody Monday in Paris according to AFP News. The police started an investigation of Uber in November 2014 and raided their Paris offices in March. But the arrests came after Paris police failed to intervene last week as French taxi union thugs trashed Uber cars and threatened passengers.
The Greek debt crisis shows that Russia must carefully think about how high its own state debt burden is, Finance Minister Anton Siluanov told reporters on Wednesday.
Thursday, the Labor Department is expected to report the economy added 230,000 jobs in June. Hardly robust—monthly gains averaged 260,000 in 2014—but good enough to push the Federal Reserve to raise interest rates soon.
