Articles by Unemployment
José Manuel Barroso’s State of the European Union 2012 Speech (FULL-TEXT)
September 12 2012 10:33 AM EDT
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
Counterfeiting Cruises to Nowhere
September 12 2012 8:58 AM EDT
The European recession, which continues to steepen, has already caused the ECB's Mario Draghi to promise to purchase unlimited quantities of bonds with duration of 1-3 years on the secondary market. Mr. Draghi plans to "sterilize" these purchases by auctioning one-week term deposits to banks. But there are two problems with this form of sterilization. The first is there is no guarantee that private banks will hand over all of their newly printed money back to the ECB. Instead, they may ...
Catalans Clamor For Independence From Spain As Recession Chokes Region
September 11 2012 12:57 PM EDT
Catalan represents 15 percent of Spain’s population, but produces about one-fifth of the country’s GDP.
State By State Breakdown Of Presidential Campaign Spending Reveals Surprises
September 11 2012 11:01 AM EDT
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 Warns Of US Credit Rating Downgrade Without Budget Deal
September 11 2012 9:52 AM EDT
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.
Yes, Even Denmark Has A Homelessness Problem
September 11 2012 6:15 AM EDT
The homeless problem in Denmark is unlikely to ease anytime soon. Net unemployment is now at 4.7 percent, the highest level in six years. Labor Minister Mette Frederiksen warned that the unemployment rate will continue to climb into 2013.
India Hiring Outlook Weakest in Over 3 Years: Manpower
September 11 2012 3:49 AM EDT
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.
J’Accuse! Hasty Critics Blame Hollande As French Billionaire Seeks Belgian Citizenship
September 10 2012 3:21 PM EDT
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.
Daily Summary on USD, EUR, GBP, JPY, AUD, CAD and RMB
September 10 2012 1:22 PM EDT
The USD recouped some of its losses from late last week as concerns over the European debt crisis and the slowdown in global growth partially offset expectations of further Fed easing. Nevertheless, the dollar remains towards the bottom of its recent ranges after last week's disappointing NFP report led investors to up their bets that the Fed will unveil a third round of quantitative easing. However, QE3 would likely need to be structured differently than the Fed's first two rounds of asse...
Brent climbs above $114 despite soft China demand
September 10 2012 4:01 AM EDT
Brent crude futures steadied above $114 per barrel on Monday after China's oil data came in weaker than expected, with expectations of further stimulus measures from the United States supporting prices. China's crude oil imports in August fell 12.5 percent from a year earlier to the lowest daily rate since October 2010, while implied oil demand in China fell to 8.92 million barrels per day (bpd), underlining flagging domestic demand while the global economic outlook darkens.
‘We Are Not Sacred’: Mahmoud Abbas Tries To Quell A Palestinian Arab Spring
September 09 2012 6:30 PM EDT
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]
September 09 2012 5:38 PM EDT
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 Stocks Week Ahead: Investors To Focus On FOMC Decision, China Data
September 08 2012 11:20 PM EDT
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 Government
September 08 2012 1:51 PM EDT
Forests 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?
FOMC, German Court’s ESM Ruling, And China August Data Dump: Economic Events for Sept. 10-14
September 07 2012 4:47 PM EDT
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 Bans Nepotism Among Public Officials After Public Backlash
September 07 2012 3:54 PM EDT
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.
The Week Ahead: Week of 9th September 2012
September 07 2012 2:19 PM EDT
Is more QE on the way?- Is the ECB's big bazooka enough to save the Eurozone? - Conventional vs. Unconventional - the ECB vs. the Riksbank - Event risk in Europe next week - Can the UK's labour market continue to surprise on the upside? - RBNZ to hold
Daily Summary on USD, EUR, GBP, JPY, AUD and CAD
September 07 2012 2:12 PM EDT
The dollar is sharply lower headed into the weekend as disappointing economic data has led investors to increase bets on further Fed easing. The much anticipated nonfarm payrolls report was released this morning far short of expectations, dropping to 96K from a downwardly revised 141K in the previous reading. At the current pace of population growth, the economy must add 150K jobs each month just to maintain current employment levels. The shortfall was led by a significant drop in private payrol...
Germany, Most Robust European Economy, Headed For Recession - Economists
September 07 2012 11:27 AM EDT
Germany is currently seeing better-than-predicted GDP growth, low unemployment, and steady prices. Surprisingly, economists say a recession is around the corner.