Economy & Markets
The important economic and stock market news that advisors need to know.
Greece’s Papandreou: ‘Catastrophic’ Default if Austerity Plan Is Rejected
By Marlene Y. SatterIn the midst of demonstrations by Greek citizens and defections by members of his party, George Papandreou, the prime minister of Greece, addressed Parliament on Sunday to appeal for approval of strict austerity measures that are deeply unpopular with politicians and people alike.
June 17, 2011
IMF Cuts U.S. Growth Estimate, Compares Debt Woes With GreeceIn its bimonthly World Economic Outlook, the IMF revised downward its estimate of U.S. GDP for 2011, and IMF official Jose Vinals said America's debt problems were on par with Greece, Ireland and Japan.
June 17, 2011
Deal on Greek Debt Bailout, as Germany Relents to French DemandsGerman Chancellor Angela Merkel and French President Nicolas Sarkozy came to agreement on a second bailout for debt-troubled Greece with Germany backing down on its stance that private investors must be compelled to share losses.
June 17, 2011
Greek Prime Minister Names Rival to Finance MinistryIn the course of shuffling his Cabinet on Friday, Greece's Prime Minister George Papandreou sacrificed his finance minister, George Papaconstantinou. In Papaconstantinou's place the prime minister appointed his own chief rival in the Socialist Party, Defense Minister Evangelos Venizelos.
June 17, 2011
Greek Debt Bailout Deal With Germany Near, Sarkozy HintsAfter a meeting with German Chancellor Angela Merkel, French President Nicolas Sarkozy gave indications that a deal was close on terms for a second bailout for debt-troubled Greece. He spoke about the need for haste in putting a package together, and said that France and Germany took the same position...
June 17, 2011
The Facts and the Options--Pro and Con--for U.S. Corporate Tax ReformEverbody’s talking overhauling the U.S. corporate tax system. Here are some facts and comparisons on how U.S. multinationals are taxed, and Congressional action.
June 16, 2011
Is the Commodities Bull Run Over?Last month’s attention-grabbing IPO for Glencore valued the commodities giant at $59 billion. Oh, how the mighty have fallen.
June 16, 2011
Women Lag in Financial Knowledge and Confidence Gender Gap: StudyWomen still significantly lag behind men in their knowledge and confidence in virtually all areas of finance, even though the gap has narrowed since 2010, according to a report released Wednesday by Financial Finesse.