Financial market weirdness had to ruin a perfectly quiet start to Wednesday, look at this 5 minute drop, right off a cliff! Notably, there was just a major drop in the dollar (against the yen) today. This drop off a cliff is mainly because of the U.S Federal Reserves Q&A on Tuesday. The market tanked […]
(Reuters) The U.S. is “playing with fire” over its debt ceiling debate and, “there is a risk a U.S. debt default may happen,” according to Chinese central bank advisor Li Daokui. Speaking at a conference in Beijing, Daokui said, according to Reuters: “If a default happens, the Chinese government should have a consultation with the […]
By almost any measure that you can think of, the U.S. economy has gotten worse since Barack Obama became president. Unemployment is higher, the cost of food and gas are skyrocketing, the number of Americans living in poverty has spiked dramatically, the housing market is in nightmarish shape and our national debt has absolutely exploded. […]
May 21, 2011, was supposed to be Judgment Day according to Harold Camping. It was, in a sense. As the day came and went, the world judged that Camping’s 15 minutes of fame were up. Treasury Secretary Tim Geithner may yet learn something from Camping. Geithner has been a whirlwind of worry about the nation […]
The last month has been a horror show for the U.S. economy, with economic data falling off a cliff, according to Mike Riddell, a fund manager at M&G Investments in London. “It seems that almost every bit of data about the health of the US economy has disappointed expectations recently,” said Riddell, in a note […]
Bank of Israel Governor Stanley Fischer is a possible candidate to head the International Money Fund but has made no final decision, according to a post on The Wall Street Journal’s financial matters blog. IMF director Dominique Strauss-Kahn, who was charged with rape in New York earlier this month, resigned the post on May 18. […]
Despite their open hostility to Israel, Iranian officials recently tried to purchase military equipment formerly owned by the Jewish state, Spanish officials have reported. A group of five Spanish businessmen and three Iranians were arrested in Spain as the former attempted to sell the latter nine Bell-112 military transport helicopters formerly used by Israel. Police […]
Canadian Prime Minister Stephen Harper proved himself to be Israel’s champion at the G8 summit last week. Despite intense pressure, Harper blocked calls to force Israel into final status talks based on the 1949-1967 Armistice lines, with land swaps. He also opposed major aid packages to Egypt and Tunisia, where continued unrest has dogged transitional governments […]
It’s not every day that a think tank wins an Emmy. But last week on John Stossel’s Fox Business program, The Heritage Foundation brought home the award for its “Saving the American Dream” plan to fix the debt, cut spending and reward prosperity. Heritage, along with five other public policy organizations, each provided long-term fiscal […]
The United States, Qatar and the World Bank each pledged to give billions of dollars in aid to Egypt this week, in order to help the country boost its economy following the ouster of former president Hosni Mubarak. U.S. President Barack Obama has promised to relieve Egypt of $1 billion in debt, and has offered […]
