Economy  (Page 8)

Is Sweden Ready to Abolish…Cash?

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Posted by  ▪  Thursday, October 1, 2015 at 10:00am 10/1/2015 at 10:00am

Is this the wave of the future?:

Central bank policymakers had believed they had run out of room to support their respective economies, with their interest rates held close to the floor.

…Cut rates too deeply, [they thought], and savers would end up facing negative returns. In that case, this could encourage...

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August Jobs Report: 94 Million Americans No Longer in Labor Force

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Posted by  ▪  Saturday, September 5, 2015 at 12:03pm 9/5/2015 at 12:03pm

Democrats are probably very happy with the August jobs report and the new unemployment rate of 5.1, but if you look closely at the issue, there’s no reason for turning cartwheels just yet.

Susan Jones of CNS News:

Record 94,031,000 Americans Not in Labor Force; Participation Rate Stuck at 38-Year Low for 3rd...

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“Popular Unity” party splits from far-leftists in Greek political meltdown

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Posted by  ▪  Monday, August 24, 2015 at 1:03pm 8/24/2015 at 1:03pm

Greece’s wild ride through the wake of the Eurozone mega-bailout continued to bounce along today as far-left lawmakers split off from the (already far-left) Syriza party to form their own rebel faction.

Former energy minister Panagiotis Lafazanis and his fellow malcontents now have three days to bolster the new Popular Unity...

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Illinois Gov Rauner keeps fighting as “slowdown” continues

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Posted by  ▪  Monday, July 27, 2015 at 6:05pm 7/27/2015 at 6:05pm

Late last month, Illinois Governor Bruce Rauner (R-eal Life Republican) made headlines after he allowed his government to go into a partial shutdown rather than succumb to Democrats’ demands for a tax-and-spend budget.

Now, almost a month later, democrats are still pushing for more taxes and more entitlement spending—but Rauner isn’t...

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Restrictions, price hikes mar Greek bank reopenings

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Posted by  ▪  Monday, July 20, 2015 at 4:15pm 7/20/2015 at 4:15pm

For the first time in three weeks, Greek banks opened for business; but for account holders, that renewed access to cash comes at a price.

Although doors opened and ATMs were stocked, Greeks looking to cash out were met with the continuation of withdrawal restrictions of 60 euros per day; the...

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Anti-Austerity Violence Erupts in Greece

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Posted by  ▪  Thursday, July 16, 2015 at 2:00pm 7/16/2015 at 2:00pm

After a full month of drama, Greece and its creditors finally agreed on a multi-billion dollar bailout package. One of the bailout’s most controversial conditions is a list of new austerity measures, and we all know how many Greeks feel about those.

Anti-austerity violence broke out on the streets of Athens...

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Greece to stay in Eurozone, but at a cost (Updated)

https://twitter.com/TeamVaroufakis/status/617750910278725633
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Posted by  ▪  Monday, July 13, 2015 at 1:15pm 7/13/2015 at 1:15pm
https://twitter.com/TeamVaroufakis/status/617750910278725633

After 22 hours of fierce negotiating, the Eurozone summit has come up with a deal that will keep Greece in the Eurozone in exchange for both budget cuts and tax hikes.

For those who oppose austerity and “euro”centric economics, the deal is a huge blow. Europe has agreed to advance Greece...

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The Chinese Stock Market Is In Big Trouble

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Posted by  ▪  Tuesday, July 7, 2015 at 3:45pm 7/7/2015 at 3:45pm

Things are bad in both of China’s big exchanges; both the Shanghai and Shenzen are seeing companies halting their trading on both:

Over 700 Chinese companies have halted trading to “self preserve,” according to...

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Greek Debt Crisis Makes Waves in US Markets

https://twitter.com/TeamVaroufakis/status/617750910278725633
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Posted by  ▪  Monday, July 6, 2015 at 2:54pm 7/6/2015 at 2:54pm
https://twitter.com/TeamVaroufakis/status/617750910278725633

US stock prices sank into the negative this morning in the wake of Greece’s landslide “no” vote rejecting a referendum that would have created yet a new layer in the flailing country’s creditor-debtor relationship with more stable Eurozone countries.

In...

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Greece misses IMF deadline, signals impending default

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Posted by  ▪  Wednesday, July 1, 2015 at 11:30am 7/1/2015 at 11:30am

What was once considered unthinkable has now happened. Having missed the June 30th deadline for payment on its debt, the country of Greece has effectively defaulted. This is going to have a considerable effect on the

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Illinois government deadlocked, shutdown a possibility

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Posted by  ▪  Tuesday, June 30, 2015 at 1:30pm 6/30/2015 at 1:30pm

Illinois’ new budget year starts tomorrow, and unless Republicans and Democrats can come to an agreement on fiscal policy, the state will kick things off without the ability to pay the bills.

Illinois has a reputation for being largely rural, yet bafflingly Democratic. The Chicago machine—not those languishing in my old...

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Greece and Eurozone Talks Stall as Deadline Looms

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Posted by  ▪  Saturday, June 27, 2015 at 4:00pm 6/27/2015 at 4:00pm

Greece and the Eurozone have been unable to reach an agreement ahead of a bailout deadline which quickly approaches on June 30th. If negotiations fail, Greece could leave the European Union and ultimately face economic collapse.

The situation is already causing a dash for cash in the debt strapped country.

Bloomberg reports:

Greeks Line...

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Greece Teeters on Brink of Default

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Posted by  ▪  Sunday, June 21, 2015 at 2:00pm 6/21/2015 at 2:00pm

The new left-wing leaders in Greece have done little to stem the country’s growing financial crisis and even members of the Obama administration are now urging them to act.

NBC News reports:

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Everyone panic, California is about to destroy Uber

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Posted by  ▪  Wednesday, June 17, 2015 at 4:06pm 6/17/2015 at 4:06pm

Real talk: Uber is a fantastic service.

Living in Washington, D.C., I’ve come to appreciate the availability of drivers who know the city well enough to not get me stuck in a quagmire when I’m making a quick trip across town. It’s a rare thing,...

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Staples Workers: Thanks for Nothing, Obamacare

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Posted by  ▪  Tuesday, February 10, 2015 at 8:50am 2/10/2015 at 8:50am

Due to regulations imposed by Obamacare, some businesses are cutting the work hours of their employees. This was a known, predicted consequence of the Affordable Care Act. Staples is just the latest newsworthy example.

Remember, businesses can only try to survive under the given set of rules—but some employees are having a...

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San Fran Raises Minimum Wage, Kills Local Book Store

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Posted by  ▪  Saturday, February 7, 2015 at 8:00pm 2/7/2015 at 8:00pm

Progressives love the idea of raising the minimum wage and the City of San Francisco is taking the issue to new heights. Unfortunately, the success and survival of small businesses rarely figure into these decisions.

One small but successful independent book store in San Francisco is now closing. The owner recently appeared...

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Germany Refuses Debt Writedown for Greece

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Posted by  ▪  Tuesday, February 3, 2015 at 8:30am 2/3/2015 at 8:30am

Greece’s new prime minister Alexis Tsipras is finding out that his country’s massive debt won’t go away just because he wants it to. Maybe that’s why Germany has a strong economy and Greece doesn’t.

Jane Wharton of Express UK reported:

Merkel refuses to write off Greece’s debt

In her first interview since Syriza won...

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