Greek Prime Minister Lucas Papademos continues emergency talks with Greek party leaders Monday on more spending cuts, with his finance minister warning that the country is “on a knife edge” ((brink of disaster). The government and parliament must agree on a new austerity plan if it is to get another crucial bailout from the European […]
Greece on ‘Knife Edge’ to Agree on Bailout
Posted February 5th, 2012 at 4:15 pm (UTC-5)
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Greece on ‘Knife Edge’ to Agree on Bailout
Posted February 5th, 2012 at 7:50 am (UTC-5)
Greek Prime Minister Lucas Papademos is pressing his political allies to support a rescue package in order to avoid a government default, after his finance minister warned that just hours remain to clinch a deal. Mr. Papademos called an emergency meeting after Finance Minister Evangelos Venizelos warned that the government has only until Sunday night […]
Report: US Unemployment Drops; Jobs Grow; Stocks Soar
Posted February 4th, 2012 at 5:05 am (UTC-5)
U.S. stocks rose sharply Friday after government experts reported strong job growth and a drop in the unemployment rate. The Labor Department said the economy had a net gain of 243,000 jobs, while the unemployment rate fell two-tenths of a percent to 8.3 percent. It is the fifth month in a row that the jobless […]
US Labor Market Surges, Jobless Rate Falls
Posted February 3rd, 2012 at 5:25 pm (UTC-5)
U.S. stock markets surged following a report that the U.S. unemployment rate fell to 8.3 percent, the lowest in almost three years. The Dow Jones Industrial Average rose more than 156 points Friday to reach its highest level since the current economic crisis began in 2008. The Nasdaq Composite Index, comprised mainly of technology stocks, […]
Greek Unions, Employers Reject Wage Cut Plan
Posted February 3rd, 2012 at 3:25 pm (UTC-5)
Greek unions and employers have joined forces to reject a demand from the country’s international creditors that they cut wages to help the Athens government win approval for its second bailout in two years. The unusual alliance of labor and management groups told the government Friday that proposals to cut the country’s minimum wage and […]
US Labor Market Surges, Jobless Rate Falls
Posted February 3rd, 2012 at 12:45 pm (UTC-5)
The U.S. says its labor market surged last month, with nearly a quarter million workers added to payrolls, and that its unemployment rate fell to 8.3 percent, the lowest in almost three years. In its closely watched monthly report, the government said Friday that 243,000 jobs were added in January, a month after the world’s […]
US Labor Market Surges, Jobless Rate Falls
Posted February 3rd, 2012 at 12:00 pm (UTC-5)
The U.S. says its labor market surged last month, with nearly a quarter million workers added to payrolls, and that its unemployment rate fell to 8.3 percent, the lowest in almost three years. In its closely watched monthly report, the government said Friday that 243,000 jobs were added in January, a month after the world’s […]
US Labor Market Surges, Jobless Rate Falls
Posted February 3rd, 2012 at 10:30 am (UTC-5)
The U.S. says its labor market surged last month, with nearly a quarter million workers added to company payrolls, and that its unemployment rate fell to 8.3 percent, the lowest in almost three years. In its closely watched monthly report, the government said Friday that 243,000 jobs were added to the economy, a month after […]
US Labor Market Surges, Jobless Rate Falls
Posted February 3rd, 2012 at 9:10 am (UTC-5)
The U.S. says its labor market surged last month, with nearly a quarter million workers added to company payrolls, and that its unemployment rate fell to 8.3 percent, the lowest in almost three years. In its closely watched monthly report, the government said Friday that 243,000 jobs were added to the economy, a month after […]
Greece Likely to Need $20 Billion More
Posted February 2nd, 2012 at 3:25 pm (UTC-5)
Financial experts are concluding that Greece may need another $20-billion cash infusion even if it eventually completes contentious negotiations with its private creditors to cut in half the money it owes them. For weeks now, the Athens government has been attempting to finish talks with 32 large financial institutions to trim $130 billion of its […]
