There’s an odd game going on in Europe.
Europe’s Twin Messages: Spend! Stop Spending!
Tag Archives: crisis
How to Save in the Recession? Take a Cruise
The Royal Caribbean cruise line is rolling out the world’s largest cruise ship next fall, the Oasis of the Seas. Rock walls are passe; this 5,400-passenger colossus has its own zip line across the back of the boat
Obama insight: Being realistic on economy maintains credibility
When the waiter reached for the plate, President Obama shook his head and smiled as he asked for a few more minutes. He had been talking to his guests, and had barely taken a bite of his lunch. The new president was keeping with a longstanding tradition on days when the commander in chief delivers an address to a joint session of Congress: Around the table Tuesday sat television anchors and the Sunday morning interview program hosts and two senior aides
Brown: World needs ‘global New Deal’
The world needs a "global New Deal" to haul it out of the economic crisis it faces, Prime Minister Gordon Brown of the United Kingdom said Sunday. “We need a global New Deal — a grand bargain between the countries and continents of this world — so that the world economy can not only recover but… so the banking system can be based on..
France pledges $730M to head off Caribbean riots
French President Nicolas Sarkozy is pledging $730 million (? 580 million) in economic aid to France’s Caribbean territories in an effort to head off escalating protests, his office said Friday.
Schwarzenegger: New budget is ‘perfect medicine’ for California
California Gov. Arnold Schwarzenegger said the state budget plan passed by state lawmakers early Thursday is "the perfect medicine for our ailing economy." The measure, which awaits the governor’s signature, includes tax increases, spending cuts and borrowing to close a $42 billion deficit.
Jailed Zimbabwe activist misses swear-in
One of Zimbabwe’s top opposition politicians remained in police custody Thursday as his fellow deputy ministers were being sworn in to join the new unity government led by President Robert Mugabe. Deputy Agriculture Minister-designate Roy Bennett has been in prison on charges of terrorism, banditry and sabotage since last week .
California: One Vote Short of Averting Catastrophe
It’s becoming a cliché: California lawmakers again fail to reach agreement on a budget. As California engages in a budget battle that has left the government of the world’s eighth largest economy slipping toward insolvency, Republican Governor Arnold Schwarzenegger and the Democratic legislative majority continue to search for one last Republican vote to pass a budget
Amid Crisis, Cars Start to Drive Europe Apart
When carmakers outsource most of their components, assemble their products in different countries around the globe, are majority-owned by foreign shareholders and sell mainly overseas, does it still make sense to promote them as national champions? Nicolas Sarkozy thinks so, albeit with some controversial conditions. Just before unveiling an $8 billion loan for French carmakers Renault and PSA Peugeot Citroen last week, the French President suggested the aid should be conditional on them packing up their plants elsewhere in the E.U.
Geithner’s Challenge: Selling a Plan Without the Details
When three top aides to Treasury Secretary Tim Geithner were sent to brief members of the Senate Banking Committee staff on Monday at 6:30 p.m. E.T., they walked into a hostile environment.