2011 October

Greek Debt Deal Could Solve Euro Confidence Crisis

Greek debt deal hammered out – still much to be finalized. In a last minute deal, Europeans found enough common ground to help rebuild confidence in the Euro and offer a solution, albeit temporary, to the Greek debt problem. Four Steps Euro-Zone Offers To Solve Greek Debt Problem: Private banks accept 50 percent losses on [...]

Oct 27 2011 | Posted in Currency,Euro,Finance | Read More »

Hedge Fund Investor Biggs Vetoes Austerity (Video)

Barton Biggs thinks European Austerity is a “big mistake”. As noted in the Ireland austerity piece, the reward to severe austerity during down times are lower GDP and higher costs to borrow. Biggs wants increased spending until the markets correct themselves and then begin implementing austerity. Proposed U.S. Spending Cuts Of course, he hopes the [...]

Oct 27 2011 | Posted in Economic,Government,USA Economy News | Read More »

Headache or Helping? Obama’s New Housing Proposal

Washington, D.C. Obama’s refinance plan could positively help at least 800,000 homeowners with negative equity… possibly millions. Why does this matter for the overall economy? Most While Obama’s American Jobs Act focuses on start ups and venture capital economic incentives to drive job creation, most new jobs are mom and pop jobs and basic small [...]

Oct 27 2011 | Posted in Economic,Government,USA Economy News | Read More »

Hopes of Domestic Spending for Ireland Not Good

Ireland, an aggressive budget cutting and draconian austerity policy country from the PIIGS (Portugal, Ireland, Italy, Greece, Spain), hasn’t stopped sliding. Their GDP went from 178 Billion Euros in 2007 to 160 Billion Euros in 2010. There are few good signs as net imports increased while domestic demand is projected to plummet. Not resolving the [...]

Oct 26 2011 | Posted in Europe,Ireland,World News | Read More »

Rogue Politicians Are Pushing the US Toward the Same Irish Cliff

Ireland. Pre economic meltdown, Ireland had one of the fastest growing economies in the EU. Real estate grew at precipitous rates and it’s GDP surged. Then the global recession hit hard, tumbling Ireland to the cellar of world economies like a boxer felled by a crushing right cross. What Happened? Before the fall, Foreign investors [...]

Oct 24 2011 | Posted in Economic,Government,USA Economy News | Read More »

5% Growth, Inflation Fears For Sub-Sahara in 2012

Sub–Sahara Reagion, Africa IMF, projects economic growth for 2011 at 5.25% and 5.75% for 2012. Demand for domestic commodities and rising export demand will fuel much of the economic expansion in the next couple of years. Most of the sub-Sahara countries are characterized by low-income. Domestic demand has been growing with the increasing exports… with [...]

Oct 24 2011 | Posted in Africa,World News | Read More »

Currency Agreement May Lead to Free Trade For South Korea and Japan

SEOUL, South Korea — In an effort to resume free trade discussions, representative from South Korea and Japan found common ground increasing the amount of a currency-swap deal. While both countries are key allies to the U.S., South Koreans still resent Japan for its 35 year occupation from 1910 to 1945. Extending a goodwill gesture, [...]

Oct 20 2011 | Posted in Asia,Japan,World News | Read More »

State Unemployment Insurance Abuse Costs Taxpayers Billions of Dollars

During Recession, Improper State Unemployment Insurance Payments Skyrocket. Department of Labor reports billions lost in UI payments and 9 steps to improve troubled states.

Oct 19 2011 | Posted in Employment,USA Economy News | Read More »

GAP Downgrade, Store Reduction

After Gap Inc (NYSE: GPS) reported September 2011 sales were unchanged – flat from the same period last year, the company is reducing its North American store presence and moving to new locations in South America. Part of the financial plan is 10 percent cuts in store square footage by 2012 when compared to 2007. [...]

Oct 14 2011 | Posted in Companies | Read More »

Are State Taxes or Median Income Key to Prosperity? Surprising results.

State taxes can be an important factor when deciding where to relocate residences, relocating businesses, or retirement living. Based upon the data below, taxes may influence social phenomenon like the Tea Party and now the Occupy Wall Street movement. The Tax Foundation* (right leaning non-profit organization) recently made a list with the most and least [...]

Oct 12 2011 | Posted in Economic,Taxes,USA Economy News | Read More »

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