By SARAH DiLORENZOAP Business WriterPARISEurope’s debt crisis is pushing the 17-country eurozone toward recession and dragging down the global economy, the Organization for Economic Cooperation and Development said Thursday. Even growth in traditional economic powerhouse Germany is slowing, and the
By DAVID McHUGHFRANKFURT, GermanyThe European Central Bank unveiled its most ambitious plan yet to halt Europe’s financial crisis on Thursday with a pledge to buy unlimited amounts of the government bonds of countries struggling to manage their debts. Large-scale purchases
(AP) ‘Jersey Shore’: Washed up after the coming seasonBy FRAZIER MOOREAP Television WriterNEW YORKMTV gave the last call for “Jersey Shore” on Thursday, saying the raucous reality show will conclude after its upcoming sixth season, which begins Oct. 4. The
(AP) ROMEItaly has paid lower rates to easily sell (EURO)6.5 billion ($8.15 billion) in treasury bonds, the third auction this week that saw the country’s borrowing rates drop amid increased investor confidence in the country. Italy’s central bank said Thursday it
This morning’s key headlines from GenerationalDynamics.com: Catastrophic oil refinery explosion in Venezuela threatens Chavez’s reelection New rioting in Kenya after assassination of al-Qaeda linked cleric Proposal for ECB to purchase toxic bonds gathers steam Catastrophic oil refinery explosion in Venezuela
By FRANK JORDANSAssociated PressBERLINGermany’s economy minister has rejected calls for Greece to get more time to implement economic reforms, saying in an interview Sunday that Athens needs to respect the bailout deal reached with its international creditors. Philipp Roesler’s comments
Investors accepted negative interest rates again to lend money to the EU’s bailout fund on Tuesday, according to the German central bank, which managed the issue. The Bundesbank said in a statement that the European Financial Stability Facility placed 1.499
European stock markets were mostly softer on Monday and the euro fell back against the dollar as markets focused on the eurozone after the ECB termed a report on mooted bond purchases “misleading.” In afternoon trading, London’s FTSE 100 index
This morning’s key headlines from GenerationalDynamics.com France’s politicians fear widespread unrest after Amiens rioting German view of France: Nostalgic and Narcissistic Multiple bombings create hundreds of casualties in Afghanistan Egypt reopens Rafah border crossing with Gaza Norwegian tourist falls asleep
Investors paid to lend Germany money for six months at a debt auction on Monday, the country’s central bank said, as they continue to scramble for the safe haven of Europe’s top economy. The yield, or rate of return, at
(AP) Fed says US economy has slowed, takes no new stepsBy MARTIN CRUTSINGERAP Economics WriterWASHINGTONThe Federal Reserve said Wednesday that the U.S. economy is losing strength and repeated a pledge to take further steps to stimulate growth if the job
(AP) Fed could be moving to more bond buyingBy MARTIN CRUTSINGERAP Economics WriterWASHINGTONThe Federal Reserve appears to be moving toward announcing some new step to try to energize the troubled U.S. economy. The question is whether it will do so
(AP) Eurozone unemployment at record high in JuneBy PAN PYLASLONDONThe number of people unemployed across the 17 countries that use the euro hit a record high in June, official figures showed Tuesday, in a stark reminder that Europe’s debt crisis
(AP) Italian captives return home from SyriaROMETwo Italian engineers who were kidnapped and held captive for eight days in Syria have returned to Italy. Domenico Tedeschi, 36, and Oriano Cantani, 64, told reporters at Rome’s Fiumicino airport on Sunday that
(AP) Merkel, Monti: will do all to protect eurozoneBy GEIR MOULSONAssociated PressBERLIN The German and Italian leaders have pledged to do everything to protect the eurozone, adding to a string of assurances over recent days that Europe is determined to
LoLo Jones sent out the following tweet: “USA Men’s Archery lost the gold medal to Italy, but that’s ok, we are Americans…When’s da gun shooting competition?” This tweet has been deleted from her account since then.
“Those Magnificent Men in Their Flying Machines” recalls that marvelous moment in time when man finally conquered the air but didn’t quite know what to do with that skill. It’s also a hearty example of mid-60s filmmaking, when grand ambitions,
(AP) Global economy in worst shape since 2009By PAUL WISEMANAP Economics WriterWASHINGTONThe global economy is in the worst shape since the dark days of 2009. Six of the 17 countries that use the euro currency are in recession. The U.S.
(AP) LONDONConcerns about Europe’s debt crisis resurfaced on Friday, weighing heavily on the region’s stock markets and pushing the euro to a two-year low. Just as eurozone finance ministers approved a bailout for Spain’s banks, one of the country’s regions, Valencia,
Thanks largely to the Laffer Curve, there are some impressive examples of failed tax increases in countries such as the United States, France, and the United Kingdom. But if there was a prize for the people who most vociferously resist
(AP) FRANKFURT, GermanyInvestors are paying for the privilege to lend Germany money as they look for a haven from the financial and economic crisis hitting the rest of Europe. Germany auctioned (EURO)5 billion ($6.14 billion) in two-year treasury notes Wednesday with
(AP) ECB cuts key rate to new low to help economyDAVID McHUGHAP Business WriterFRANKFURT, GermanyThe European Central Bank has cut its key interest rate by a quarter percentage point to a record low of 0.75 percent to boost a eurozone
The new French Socialist government launched tax rises and spending cuts on Wednesday to meet budget targets as growth flags, with the eurozone debt crisis burning on and Italy falling behind. The French cabinet approved action to adjust the budget
For those wondering what came next after Obamacare, the answer is here: a national vacation policy. Yesterday, Derek Thompson of The Atlantic suggested that the United States was the “only advanced country without a national vacation policy”: In Germany, workers
(AP) Oil falls below $84 amid waning EU euphoriaBy PABLO GORONDIAssociated PressThe price of oil fell below $84 a barrel Monday, unwinding some of the massive gains made Friday, when investors cheered the latest EU plans to tackle the continent’s
