Monday, 21 May 2012 | Posted By:
| Source: CNBC.com
Government spending cuts in developed countries are hurting job creation and exacerbating global youth unemployment, which remains close to the peak hit during the 2009 crisis, the International Labour Organization said on Tuesday.
New U.S. claims for unemployment benefits were unchanged last week, according to government data on Thursday that will do little to ease concerns about a recent slowdown in jobs growth.
Wednesday, 16 May 2012 | Posted By:
| Source: CNBC.com
Mitt Romney will win the presidential election and must make deficit reduction and job growth his first priorities, outspoken businessman Ken Langone told CNBC.
Students are protesting on Barcelona's elegant boulevards, public-sector wages are being cut for the second time in three years and resentment is growing against the central government and beneficiaries of bank bailouts.
Monday, 14 May 2012 | Posted By:
| Source: CNBC.com
Huge protests in Madrid, firebombs hitting tax offices in Italy, and voters in Northern Germany showing their anger toward an incumbent leader. Just another weekend in euro land, where the chances of economic recovery and political agreement on how to get there appear less likely by the hour.
Spain will be offered more time to hit the budget deficit targets it agreed with the EU but only if Madrid meets new conditions, including an independent audit of the restructuring plan for its troubled banks. The FT reports.
Wednesday, 9 May 2012 | Posted By:
| Source: CNBC.com
A "global perfect storm" looms for 2013 in which the U.S. economy could fall back into recession and the euro zone will begin to break up, according to the latest gloomy forecast from economist Nouriel Roubini.
The biggest risk to the United States' position in the world is unemployment, Ian Bremmer, president of the Eurasia Group and author of "Every Nation For Itself: Winners and Losers in a G-Zero World,” said Tuesday
Tuesday, 8 May 2012 | Posted By:
| Source: CNBC.com
The euro is not a unifying force and the debt crisis has shown the differences between the euro zone nations rather than enhancing unity, Chris Tinker, founder at Libra Investment Services, told CNBC Tuesday.
Tuesday, 8 May 2012 | Posted By:
| Source: CNBC.com
According to one leading hedge fund manager, the recent rise in stocks is a temporary one that will be thwarted by the coming period known as “Taxmageddon.”
An analysis by two economists shows growing Baby Boomer retirements were behind most of the decline in the labor force — those employed and looking for work, USA Today reports.
Monday, 7 May 2012 | Posted By:
| Source: CNBC.com
The risk of Greece exiting the euro zone have risen to as much as 75 percent, according to economists at Citi. Describing such an outcome as a “Grexit,” the Citi team said, however, that the chances of a broad-based break-up of the euro zone remain very low.
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