European Banks rejects IMF’s Advice. Frankfurt, Germany — European politicians and bankers defended the region’s financial institutions and banks Thursday countering the call of the International Monetary Fund (IMF) that an estimate of 200 billion euros or approximately $290 billion will be needed in new capital, reflecting sovereign debt. Christine Lagarde, IMF Chief, called Saturday […]
Wellington, New Zealand – The United States of America has joined two other countries in the AA+ circle: New Zealand and Belgium, after the one of the top credit rating agency, Standard & Poor’s, downgraded its credit ratings from AAA to AA+. The downgrade has made the United States below the credit ratings ranking where […]
Not too many years ago, it was very common for women to just be housewives who manage her home and children. As these young women were expected to marry and become housewives, it was unnecessary that they should invest in education. Why would they have it? The men, on the other hand, were expected to […]
Dominique Strauss-Kahn’s accuser has been found to have inconsistencies with her story by police investigators who looked into the rape allegations she made against the former chief of the International Monetary Fund. The maid from Guinea worked at the Sofitel in Manhattan where Strauss-Kahn was staying and alleged that the Frenchman sexually assaulted her on […]
Bank of America announced that they have agreed to a settlement with investors who have purchased securities tied to mortgages from Countrywide Financial which the bank acquired in 2008. Under the deal, Bank of America will pay $14 billion, $8.5 billion of which will go to a group of investors that include the Federal Reserve […]
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 […]
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 […]
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 […]
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 […]
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 […]
PayPal Withdrawing Support For Kindle Fire, BlackBerry And Windows Phone
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Halle Berry Enters The Social Media World
