Striking Greek transport workers brought Athens to a standstill Thursday in a new protest against austerity measures imposed by the government to secure international financing for the debt-ridden country. Public transport workers and taxi drivers walked off their jobs, as well as air traffic controllers and teachers. Some newspapers also reacted angrily to the demands […]
Striking Greek Workers Protest New Austerity Cuts
Posted September 22nd, 2011 at 12:00 pm (UTC-5)
Leave a comment
Global Markets Plunge on Economic Recovery Doubts
Posted September 22nd, 2011 at 11:11 am (UTC-5)
Global stock markets plunged Thursday in reaction to the U.S. central bank’s dim prospects for the world’s largest economy and fears that its latest move to boost the economy will not prove effective. Asian markets dropped sharply, major European markets were all off more than 4 percent in afternoon trading and U.S. stock markets also […]
Striking Greek Workers Protest New Austerity Cuts
Posted September 22nd, 2011 at 10:30 am (UTC-5)
Striking Greek transport workers brought Athens to a standstill Thursday in a new protest of austerity measures imposed by the government to secure international financing for the debt-ridden country. Public transport workers and taxi drivers walked off their jobs, as well as air traffic controllers and teachers. Some newspapers also reacted angrily to the demands […]
US Jobless Claims Fall, Obama Plans Jobs Pitch
Posted September 22nd, 2011 at 9:50 am (UTC-5)
First-time applications for U.S. jobless benefits fell last week, signaling employers may be holding off on additional layoffs. The U.S. Labor Department said Thursday first-time claims for unemployment benefits dropped by 9,000 to a seasonally adjusted 423,000. But the Labor Department report said the four-week average – a less volatile figure – rose slightly. Overall, […]
Global Stock Markets Plunge on Doubts About US Economic Recovery
Posted September 22nd, 2011 at 9:01 am (UTC-5)
Global stock markets plunged Thursday in reaction to the U.S. central bank’s dim prospects for the world’s largest economy and fears that its latest move to boost the economy will not prove effective. Asian markets dropped sharply, and major European markets were all off more than 4 percent in midday trading. The price of crude […]
Global Stock Markets Dive on US Central Bank’s Stimulus Effort
Posted September 22nd, 2011 at 7:06 am (UTC-5)
Stock markets across Asia and Europe plunged Thursday in reaction to the U.S. central bank’s gloomy outlook on the world’s largest economy. Japan’s Nikkei index closed two percent lower, while the Hang Seng index in Hong Kong plummeted nearly five percent at the closing bell. Markets in Seoul, Sydney and Shanghai had also posted losses […]
Greek Transportation Workers Strike Over Austerity Cuts
Posted September 22nd, 2011 at 3:35 am (UTC-5)
A day long strike by Greek public transit workers and taxi drivers over government austerity cuts has created traffic gridlock in Athens Thursday. Air traffic controllers are staging a shorter strike that forced airlines to cancel and reschedule flights. The work stoppage comes one day after the Greek government imposed more austerity cuts to keep […]
US Central Bank Tries ‘Twist’ To Spark Economy
Posted September 21st, 2011 at 2:58 pm (UTC-5)
The U.S. central bank is hoping a so-called “twist” will help revive the country’s lagging economy by driving lending rates even lower. The Federal Reserve’s benchmark lending rate is already at an all-time low of zero to one-quarter of a percent, but the Fed said Wednesday it will sell short-term securities in its portfolio to […]
Greece Set to Impose More Austerity Measures
Posted September 21st, 2011 at 2:20 pm (UTC-5)
Greece says it will impose new austerity measures in an effort to convince its international creditors that it deserves another portion of last year’s bailout money to avoid a default next month. The Athens government said Wednesday it will increase the number of civil servants receiving only 60 percent of their normal salaries, cut pensions […]
US Central Bank Mulls Action as Lawmakers Weigh In
Posted September 21st, 2011 at 12:08 pm (UTC-5)
Investors are waiting to see what action, if any, the U.S. central bank might take to spark the country’s struggling economy. The U.S. Federal Reserve concludes a two-day meeting Wednesday, with many economists predicting the bank’s policy board will move to further lower borrowing rates in an effort to spur growth. But leading Republican lawmakers […]
