- 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.
- Germany is currently seeing better-than-predicted GDP growth, low unemployment, and steady prices. Surprisingly, economists say a recession is around the corner.
- The U.S. economy added a paltry 96,000 jobs last month, vastly fewer than economists were expecting. However, the fact that fewer Americans were seeking employment resulted in the unemployment rate falling to 8.1 percent.
- This past Friday, as Fed Chairman Ben Bernanke delivered his annual address from Jackson Hole - the State of the Dollar, if you will - I couldn't help but hear it as an incumbent's campaign speech. While Wall Street was hoping for some concrete announcement, what we got was a mushy appraisal of the Fed's handling of the financial crisis so far and a suggestion that more 'help' is on the way.
- The U.S. stock index futures point to a higher open Friday ahead of the Bureau of Labor Statistics' nonfarm payrolls and unemployment reports.
- The market focusing has been shifted to the US labor report of August which will be released today from the ECB's yesterday awaited decision of buying bonds which came with expected germane criticism too. The single currency rose yesterday after announcing the decision of having the interest rate unchanged at 0.75% but after receiving the decision of releasing unlimited buying bonds plan from the secondary market in an unlimited way during the consequent press conference, the single currency ...
- The 2012 campaign has focused on a myriad of social and ideological issues, with some smatterings of tax policy and truckloads of mudslinging. A new book argues voters should look past the obfuscation and consider what is best for their wallet. Its authors claim history has proven one thing: when it comes to economic success, the left has had the upper hand.
- Charlotte will become Party Central Thursday night as the 2012 Democratic National Convention ends with President Barack Obama accepting his party's nomination following speeches by Vice President Joe Biden and Sen. John Kerry (D-MA).
- An ADP report that private sector job creation topped analyst expectations by nearly a third has economists taking a second look at their, perhaps too negative, predictions, about what Friday's U.S. jobs report from the Labor Department will show.
- Secretary Clinton's visit to East Timor was meant to be a show of support for Asia's newest democracy as it works to grow its economy and become a legitimate member of the Association of Southeast Asian Nations.
- Surprisingly strong U.S. job creation last month is forcing some, though not all, analysts to adopt a more upbeat outlook for growth prospects in the world's largest economy.
- Employment in the U.S. private sector increased by 201,000 jobs – a greater addition than originally forecast for the month of August, according to an ADP study released Thursday. Employment in the U.S. private sector increased by 201,000 jobs – a greater addition than originally forecast for the month of August, according to an ADP study released Thursday.
- European Central Bank President Mario Draghi said Thursday the “euro is irreversible” and announced a new bond-buying plan “Outright Monetary Transactions,” or OMTs, aimed at lowering the struggling euro zone countries’ borrowing costs which would serve as a “fully effective backstop.”