Economics,Politics
Euro falls with more losses seen on growth outlook
09.11.2012 11:27
(Reuters) - The euro hit a one-month low against the yen on Friday and was seen susceptible to more losses due to weak euro zone growth prospects and uncertainty over aid for Greece and Spain.
The single currency fell 0.2 percent to 100.99 yen on the EBS trading platform. It...
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Tax hike for wealthy won't kill growth: CBO
09.11.2012 11:25
(Reuters) - Allowing income tax rates to rise for wealthy Americans, and maintaining rates for the less affluent, would not hurt U.S. economic growth much in 2013, the Congressional Budget Office said on Thursday, stepping into a dispute between Republicans and Democrats over how to...
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An Optimistic Case for the Euro
08.11.2012 14:06
ProjectSyndicate: CAMBRIDGE – The prospects for the euro and the eurozone remain uncertain. But recent events at the European Central Bank, in Germany, and in global financial markets, make it worthwhile to consider a favorable scenario for the common currency’s future.
The ECB has promised to...
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Drone Wars
08.11.2012 14:03
ProjectSyndicate: BRUSSELS – “Sometime they’ll give a war and nobody will come,” the American poet Carl Sandburg wrote hopefully in 1936. His sentiment seems more apt than ever nowadays, but not because humanity has turned pacifistic. Rather, wars are increasingly fought remotely, with drones –...
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Getting to Normal
08.11.2012 13:59
ProjectSyndicate: BRUSSELS – A financial crisis erupts when a large volume of assets in the financial system suddenly appears to be risky and investors want to get rid of their holdings. These assets become “toxic” – not simply risky, but carrying a risk that cannot be quantified. Toxic assets...
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Samaras Wins Greek Austerity Bill in Race to Secure Aid
08.11.2012 13:15
Bloomberg: Greek Prime Minister Antonis Samaras mustered the support of enough lawmakers to secure approval of austerity measures needed to unlock bailout funds, after more than 50,000 protesters ringed Parliament.
The bill on pension, wage and benefit cuts was approved with 153...
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Weidmann in Defeat Still Influences ECB Bond-Buying Plan
08.11.2012 13:10
Bloomberg: Jens Weidmann might not be as defeated as it seems.
While the European Central Bank pushed ahead with its bond- purchase plan over the Bundesbank president’s objections, the conditions attached are giving Spain second thoughts about applying for the program....
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How Barack Obama changed the face of America
08.11.2012 13:05
TheTelegraph: It was four years ago that Barack Obama promised to unite a nation, to lay healing hands on a country taut with divisions and differences. He promised that most used of words: change.
Four years almost to the hour from those heady days of popular adoration, change did...
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Stay in the EU, Angela Merkel pleads David Cameron
08.11.2012 13:02
TheTelegraph: Angela Merkel has urged David Cameron to resist the growing pressure from the Conservative Party and keep Britain inside the European Union.
The German chancellor said she wanted a "strong" Britain to stay in the EU, as she headed for talks with the Prime Minister...
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China Party Meets to Anoint Next Leaders
08.11.2012 12:58
TWSJ: Picked for 10 Years, New Lineup to Face Scrutiny on Readiness for Reforms; First Question: Who and How Many?
BEIJING—As China launches a once-a-decade transition of power at a Communist Party Congress that opens Thursday, the burning question is: Will the new lineup of...
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