Shock US job figures threaten recovery hopes
US companies added just 18,000 jobs in June, the US Labor Department said, well below the consensus forecast of 90,000 to 120,000 US employers hired the fewest workers in nearly two years last month, pushing up the jobless rate and rattling financial markets. Crushing hopes of a turnaround in the jobs market, companies became increasingly cautious about hiring new staff amid the continuing ...
Source: Guardian Unlimited
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Romil Bahl: How I made a fortune in the recovery position
Procurement isn't a concept to get the pulse racing. But in a world of tightened purse strings, weeding out waste in the supply chain is near the top of many businesses' priorities for getting through...
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Latest deficit figures good news for English
The Finance Minister's patting himself on the back after the latest financial statements show a lower than expected deficit, higher tax revenue and less crown spending.
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Greek recovery to be helped by German banks
A German banking group has promised to play a role in fixing Greece's economy.
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Stocks Tumble as Recovery Concerns Weigh; China Surplus Up Less Than Expected
Stocks are off sharply at mid-day with the Dow Jones Industrial Average down more than 100 points, extending the longest slump in eight years, notes Bloomberg, as investors worry over the
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Markets fall on U.S. recovery worries
North American stock markets were trading in the red Friday, with the Dow Jones Industrial Average closing below 12,000 for the first time since March.
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Steve Keen: Dude! Where’s My Recovery?
By Steve Keen, Associate Professor of Economics & Finance at the University of Western Sydney, and author of the book Debunking Economics . Cross posted from Steve Keen's Debtwatch . I initially planned...
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Bank 'amnesia' threatens reforms, says regulator
Shelia Bair, the outgoing chairman of the Federal Deposit Insurance Corporation, one of the most powerful US financial regulators, warned yesterday that "amnesia" over the 2007-2009 credit crisis is...