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Sean O'Grady: Shadow of the IMF looms over Darling
10 hours ago ago from ti_opinion
According to the Chancellor's figures, the answer would appear to be yes ? but only because things have sunk so very, very low. According to one think-tank, 2009 will be the worst year for the British economy since 1921. Yet now growth, as the Chancellor argues, will indeed return by the new year, and the recession can be declared over, if only technically. The public finances should get better too, though again from an astonishingly ...
Related contentStates desperately need stimulus, economist says
52 minutes ago ago from Politics in Minnesota
Home > Business / Economy , Capitol Report > States desperately need stimulus, economist says States desperately need stimulus, economist says by Stateline.org Published: December 9,2009 Time posted: 1:57 pm Moody's Mark Zandi looks ahead at recovery Mark Zandi, the chief economist for Moody's Economy.com, said Tuesday that additional federal stimulus dollars are crucial to helping state governments avoid ...
Related contentChinese Juggernaut Trampling Asian Economies
3 hours ago ago from MagMe
Calling China's economy a juggernaut might be an understatement The New York Times reports here on some of the uneasiness surrounding the rise of the world's second largest economy and the effect it is having on the nations near China. For decades, China has been seen as a kinder, less Imperialistic alternative to America, offering goods at extremely low prices to nations that didn't have established economies of their own. ...
Related contentSeeing Through the Fog of Funny Money Policymaking
16 hours ago ago from Financial Armageddon
OK, let's go through this one more time. Despite what we keep hearing from the politicians and moneymen, things are not getting better. Yes, we have seen the economic equivalent of a dead cat bounce -- how could we not, given the trillions that have been thrown at the system -- but it is simply not sustainable. The reality is that we've just careened through decades of overborrowing and malinvestment, which created an array of dangerous ...
Related contentGlobal News: Australia Employment Jumps, Brazil GDP Growth Muted, Ireland Takes Responsible Budget Steps, Spain Next to Worry About, UK Bank Bonus Tax of 50%
9 hours ago ago from Fund My Mutual Fund
A bevy of interesting news from across the globe in the past 24 hours.... all below via Bloomberg. 1) Australia has taken the lead in raising rates among the G20 nations, already doing so 3 times, as its tightening relationship with China buoys the economy. Employment figures jump for the 3rd straight month, besting economists expectations by a factor of 6: Australian employment soared for a third straight month as companies added six ...
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Bank of England holds interest rates steady
3 hours ago ago from U.S. News
Bank of England holds interest rates steady LONDON (AP) -- The Bank of England held interest rates steady at 0.5 percent and also left its 200 billion pound ($325 billion) asset purchase program to expand the money supply unchanged. The decision Thursday was widely expected amid recent improvement in the British economy. The decision by the bank's Monetary Policy Committee to stay its hand on both measures gives it some breathing room to ...
Related contentMexican leader wants finance chief at central bank
1 day ago ago from Good News Now
MEXICO CITY -Mexico's president on Wednesday nominated Finance Minister Agustin Carstens to replace central bank director Guillermo Ortiz, who will step down after 12 years in the job. President Felipe Calderon said Carstens can make the tough decisions required to help Mexico's economy recover quickly from the global recession. Calderon tapped Social Development Minister Ernesto Cordero, who led the economic transition team after the ...
Related contentBrazil economy expands in Q3 after short slump
44 minutes ago ago from PopEater
SAO PAULO -Brazil's economy expanded in the third quarter as the nation continues to experience robust growth after a short recession brought on by the global meltdown, the government said Thursday Gross domestic product rose 1.3 percent from July through September compared to the second quarter when Latin America's largest economy shook off its recession. Third-quarter growth was down 1.2 percent from the same quarter a year ago, according ...
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