A general strike disturbed services in Greece,and violence erupted outside the Parliament on Tuesday. The protesters are demonstrating their disagreement with tax increases and spending cuts essential for the country to receive critical bailout funds that will prevent a potentially disastrous default. During the strike, lawmakers were inside the parliament debated new austerity measures which […]
Wednesday June 29 2011, 2:44 AM EDT | Posted in
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Consumer spending was flat in May amid the weak job market and increasing commodity and food prices that force more Americans to shop for less goods. The latest figures from the Commerce Department showed a mere 0.3 percent gain in purchases, the lamest since June 2010. Not including energy and food prices, the prices […]
Tuesday June 28 2011, 10:16 AM EDT | Posted in
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Job satisfaction is a rarity among American workers, a third of whom are wishing to quit their jobs but prevented from doing so simply because jobs are harder to come by in this down economy. In a survey by the human resource group Mercer of 2,400 workers, as much as 32 percent reported that they […]
Friday June 24 2011, 11:57 PM EDT | Posted in
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Afghanistan troops of the United States are coming home at last as President Barack Obama said Wednesday that the U.S. had achieved what it set out to do when it first entered the country after the September 11 attacks. Burdened by conflicts elsewhere and also by domestic concerns, the U.S. has anticipated the withdrawal of […]
Thursday June 23 2011, 8:38 PM EDT | Posted in
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The U.S. housing market continues to have the malaise that triggered the recession as the latest report from the National Association of Realtors showed that home sales dipped to its lowest level since November last year. Tuesday’s report showed that home sales slid for the second straight month to 3.8 percent month-on-month, to an annualized […]
Thursday June 23 2011, 4:49 AM EDT | Posted in
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Emergency funds are a rarity in these rough economic times, as there is practically nothing left for Americans to save for the rainy days. A recent survey by Bankrate.com revealed that just 24 percent has allotted at least six months of savings and another 24 percent did not have an emergency fund at all. It […]
Tuesday June 21 2011, 6:18 AM EDT | Posted in
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A Greece bailout plan to ease the debt crisis has been created by European economic superpowers Germany and France on Friday. French President Nicolas Sarkozy and German Chancellor Angela Merkel ironed out a few kinks specifically by not requiring Greek bond private holders to get involved in the rescue package. Due to the news of […]
Saturday June 18 2011, 6:36 AM EDT | Posted in
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Debit cards are becoming the plastic currency of choice for millions of Americans bogged down by massive debt during the recession. American Express unveiled its own prepaid debit cards this week, becoming the first mainstream financial firm to offer this kind of payment method originally being pushed for by smaller players in the industry. Prepaid […]
Thursday June 16 2011, 7:10 AM EDT | Posted in
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Sunspots are supposed to be at their peak activity around next year according to scientists who calculates solar cycles that have been tracked centuries ago. But lately, scientists are baffled by the surprise realization that their calculations may be so off that instead of a burst of solar activity, sunspots will essentially disappear and remain […]
Thursday June 16 2011, 6:48 AM EDT | Posted in
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Al Qaeda’s Fazul Abdullah Mohammed, the organization’s leader in East Africa, has been killed in a shootout in Mogadishu, Somalia according to Somali and U.S. officials. Mr. Mohammed is said to have orchestrated the bombings of the U.S. embassies in Kenya and Tanzania. The U.S. had placed a $5 million bounty on the terrorist’s head. […]
Monday June 13 2011, 9:00 PM EDT | Posted in
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