Germany should raise wages in order to provide demand for struggling peripheral European economies. It should do so not only to show responsible European statesmanship, but also out of its own self-interest.
The finance minister of debt-troubled Portugal is in Beijing, China to try to convince Chinese government authorities to purchase Portuguese government bonds.
British people in mid-career (those between the ages of 35 and 49) are losing out on new jobs and younger or older workers obtain the bulk of newly-created positions, according to s study from the UK’s The Chartered Institute of Personnel and Development (CIPD).
U.S. stocks advanced in early trade on Monday, following the gains in global equities, after Chinese policymakers refrained from raising interest rates over the weekend.
The U.S. Senate will vote today on a bill to extend both the Bush-era tax cuts and unemployment insurance.
Nobel-winning U.S. economist Paul Krugman has said the U.S. economy is sinking with the weight of surging household debt around its neck and that policy makers are crafting measures that do not address the longer-term ills of the economy.
The new federal estate taxes proposed for the State of California will result in a much higher budget deficit in the state, according to a report by Moody's Investor Services.
Economists are more positive about economic growth in 2011 in the United States, according to a survey by the Wall Street Journal.
Reeling under the effects of global recession, while about 2 million jobless Americans still unaware of their future job opportunities will see an end to their unemployment benefits this month, Indian job market has shown signs of recovery during September, October and November 2010 with a surge in hiring by 12 percent over the same period in 2009.
Dictatorships are faster and more efficient than democracies, which can be bogged down by long-drawn out debates among deeply polarized political parties who can't seem to agree on anything.
Declaring, “This game is not yet over!” Rep. Carolyn Maloney, D-NY, was joined by her Congressional colleague, Rep. Jerrold Nadler, D-NY, a few dozen first responders and about 50 supporters today in Lower Manhattan to demand that Congress pass the health and compensation act for the people who got sick working at Ground Zero in the aftermath of the 9/11 terrorist attacks.
The federal budget deficit widened to $150.4-billion in November, the highest such figure ever recorded for the month, and up about 20 percent from the $120.3-billion deficit in November 2009, according to the U.S. Treasury Department.
The situation in the U.S. capital this weekend is fluid.
Consumer sentiment in the U.S. rose more than expected during December, and an index of current conditions touched its highest level since January 2008, the Thomson Reuters/ University of Michigan Survey said.
(Corrects 8th paragraph to say 9.8 percent unemployment rate was for November, not October)
From the Jamaican beach in Caribbean to the Christians’ Holy Lands, there are many exotic places available for a cheap vacation this holiday season. Here’s a list of 8 most cheap destinations for your Christmas getaways.
House Democrats are rebelling against Obama's tax cut compromise with the Republicans. On Wednesday, they essentially rejected it in its current form by passing a non-binding resolution to block it from coming to the House floor.
Senate Republicans delivered a serious setback to the community of Ground Zero responders and their families today by blocking the Zadroga bill from coming to a vote.
New economic data on Thursday offered more signs the recovery was gaining traction, with claims for jobless benefits falling and wholesalers stocking up in anticipation of strong holiday demand.
U.S. jobless claims fell more than expected during the week ended Dec. 4, providing some relief to the labor market that saw a rise in jobless rate in the week before, the Labor Department said.
Futures on major U.S. stock indices point to higher opening after the Department of Labor reported that weekly jobless claims declined last week.
The value of U.S. homes is expected to decline by more than $1.7 trillion during 2010, following a drop of more than $1 trillion in 2009, according to data from Zillow Real Estate Market Reports. Since the market peak of June 2006, U.S. housing has lost $9-trillion in value.
