Al Qaeda’s second-in-command said in an Internet video the US financial crisis was caused by Washington’s military campaigns in Iraq and Afghanistan and taxpayers were paying the price. “This crisis is one of … the series of American economic haemorrhages after the strikes of September 11… And these … will continue as long as the […]
More Global Cuts in Financial Sector as Citigroup Cuts 53,000 Jobs
Job holders around the world, especially those in major companies are in a state of fear as competition fighting to be kept in the job is and will the trend until the economy recovers. Citigroup Inc, a financial sector giant is cutting and the amount is surprisingly large. The plans to cut 53,000 more jobs […]
Fresh Thinking Needed to Overcome Global Financial Crisis
To check the global financial crisis, central banks worldover have introduced a half-point interest-rate cut. But far more is needed urgently. These rate cuts may have a significant positive effect, if done promptly. Otherwise, their effect could be minimal. The world’s major central banks have been slow to respond to the deepening crisis. This is […]
Mexican billionaire weighs in on US financial crisis
Mexican billionaire Carlos Slim has some advice for the US in its financial crisis: Acquire temporary stakes in failing financial institutions instead of buying up their bad assets. And, a more dramatic fix: Turn to China for help. In the $700 billion bailout plan, now waiting for Congressional approval, the government can purchase bad mortgages […]
Clinton’s $20M Debt Confirmed By Recent Financial Report
There is a sheer irony that can be seen in regards to the Democratic race between frontrunners Senator Hillary Clinton of New York and Senator Barack Obama of Illinois. While Clinton has gained some sizable victories over Obama in the Democratic race, she is still struggling financially. Clinton should have raised more funds due to […]
GE’s Financial Services-Profit Loss To Weigh On Wall Street Friday
Hartford, CT (Marketsblog) – Taking losses from its financial services segment, General Electric Co. posted Q1 profits that were less than expected, according to published reports Friday. News of the smaller than anticipated gains at GE is expected to weigh on stocks when the markets open on Wall Street, say analysts. GE’s net income dived […]
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