EUROS PrintBack to story Euro Was Flawed at Birth and Should Break Apart Now By Charles Dumas - Apr 1, 2012 Since the launch of the euro in January 1999, Germany and the Netherlands have experienced a growth slowdown and loss of wealth for their citizens that would not have happened had [...]
Eurozone unemployment continues to rise Original article from BBC The unemployment rate in the eurozone continued to rise in January, hitting another record high. The jobless rate in the 17 countries that use the euro rose to 10.7% in January, while December’s figure was revised up from 10.4% to 10.6%. There are now 16.9 million [...]
If The Economy Is Improving…. By Rush Limbaugh Everywhere you turn these days, someone is proclaiming that the economy is improving. Barack Obama is endlessly touting the “improvement” in the economy, the mainstream media is constantly talking about “the economic recovery” and an increasing number of Americans seem to be buying into this line of [...]
Congressional budget chief offers dim outlook on economic growth, jobs By Jim Angle, from FoxNews.com Congressional Budget Office Director Doug Elmendorf on Wednesday projected that economic growth will slow by next year and unemployment will rise before that — a forecast that Rep. Paul Ryan called ominous, grim and alarming. Elmendorf laid out the latest [...]
King Confronts U.K. Jobless Specter Overshadowing Inflation Boon in 2012 By Svenja O’Donnell and Scott Hamilton Rising U.K. unemployment is threatening to cancel the benefit of cooling inflation onconsumer spending and keep the recovery in check this year, said economists at Citigroup Inc. and ING Group. While Bank of England Governor Mervyn King says an [...]
With Work Scarce in Athens, Greeks Go Back to the Land By RACHEL DONADIO, from The New York Times CHIOS, Greece — Nikos Gavalas and Alexandra Tricha, both 31 and trained as agriculturalists, were frustrated working on poorly paying, short-term contracts in Athens, where jobs are scarce and the cost of living is high. So [...]
In December of 2011 economic experts across the globe are making their predictions for the coming year. Predicting any event is a game of chance. The Universe is so complex that trying to see what will happen in the pages of the future is impossible. Even in our own lives, predicting what will happen to [...]
The U.S. added 120,000 jobs in November, but the unemployment rate posted a huge drop to 8.6% from 9% and a broader unemployment rate fell even more to 15.6% from 16.2%. Why? The number of jobs added comes from a survey of establishment payrolls. The unemployment rate comes from a separate survey of U.S. households. [...]
