- Anger in the Muslim and Arab world over an anti-Islam film produced in America has spread to Yemen, where several hundred protesters stormed the U.S. Embassy in the capital, Sana. Yemen is already dealing with widespread social problems due to food and water shortages, rising extremism and sectarian conflict and political instability following the popular uprising that began in 2011.
- In the statement, the Federal Reserve announced Thursday it will buy $40 billion per month of mortgage-backed securities, the start of the so-called third round of quantitative easing, QE3. The Fed also said it will continue 'Operation Twist,' bringing total securities purchased per month to $85 billion.
- The four-week average of initial U.S. jobless claims rose last week to its highest level in nearly two months, yet another indication of the nation's anemic job creation ability.
- The U.S. stock index futures point to a lower open Thursday as investors maintained a cautious mode ahead of the Federal Reserve meeting in which there is the likelihood of another round of quantitative easing measures to be announced to invigorate the economy.
- José Manuel Barroso, President of the European Commission, delivered the following State of the Union 2012 speech during a session of the European Parliament in Strasbourg, France, on September 12, 2012
- Catalan represents 15 percent of Spain’s population, but produces about one-fifth of the country’s GDP.
- Perennial battleground states Ohio and Florida top the list of where the Obama and Romney campaigns are spending, and that is not unexpected. Pennsylvania, though, is very far from the top -- and that is a big surprise.
- Moody's warned Tuesday it could strip the U.S. of its coveted triple-A credit rating if Congress fails to produce a budget that will bring down the federal debt burden.
- Most U.S. employers are unwilling to add workers because of uncertainty around November's elections, the Federal budget, and the effect of Europe's slowdown, according to a quarterly hiring survey by ManpowerGroup. The pace of hiring is expected to slow in large emerging economies including China and India.
- French billionaire Bernard Arnault is seeking Belgian citizenship just as France's Socialist President Hollande sets out to raise taxes on the wealthy, raising fears about a mass exodus of French investors and jobs creators.
- Economic problems have drastically lowered standards of living across the Palestinian territories, and Palestinian Prime Minister Salam Fayyad is facing heated criticism from the public. But, this weekend, President Mahmoud Abbas stepped up to defend Fayyad.
Romney, Ryan Defend Proposals, Yet Sidestep Specifics, In First Major Post-Convention Interviews [VIDEO]Republican presidential candidate Mitt Romney and his running mate, Paul Ryan, defended their tax, economic, and health-care ideas while trying to direct a more precise attack on Democratic President Barack Obama during interviews on four of the major Sunday-morning television talk shows this weekend.
- Asian stock markets ended with gains last week after the European Central Bank (ECB) announced plan to reduce borrowing costs of struggling euro zone countries’ and news that Chinese regulators had approved another batch of infrastructure projects, which should stabilize and restore growth in the world's second largest economy. Market participants’ are likely to focus on Federal Open Market Committee (FOMC) interest rate decision on September 13th.
Liberian Timber Wars Pit Poverty-Stricken Communities Against Secretive Big Loggers Given An Opening By The GovernmentForests are extremely important to Liberians, who rely upon vast wooded areas for everything from building supplies and medicine to water protection and game habitats. Recently, a government program turned over these critical regions to big logging firms in a misguided attempt to provide income and revenue for hard-hit communities. Can Ellen Sirleaf Johnson's administration curtail what it began?
- The week is chock-full with data releases, but the Federal Reserve's policy meeting on Sept. 12-13 will carry the most weight.
- Greece's new coalition government has banned cabinet ministers from handing out jobs to family members, following a public backlash after the temporary head of parliament appointed his daughter to a civil servant post last month.