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Entries by Bonnie Kavoussi from 01/2012

Eurozone Crisis Spreads To France As Car Sales Decline

Posted 01.03.2012 | Business

Fewer French people bought cars in 2011, the latest indication that the European economic crisis is taking a toll on the continent's second largest ec...

German History Weighs On European Central Bank

Posted 01.03.2012 | Business

In the wake of the financial crisis, the Federal Reserve took drastic measures to shore up the U.S. financial system. Now as Europe enters its worst e...

Amid Euro Crisis, Workers In Italy, Spain Translate Their Resumes Into English, German

Posted 01.04.2012 | Business

An increasing number of workers in the troubled Mediterranean countries of Italy, Spain and Greece are having their resumes translated into English an...

Societe Generale Report: European Central Bank Lending Program Failing To Boost Liquidity

Posted 01.04.2012 | Business

The European Central Bank's generous lending to banks is not boosting liquidity in the European economy as much as intended, according to a leading Fr...

Federal Reserve May Try Third Stimulus If Economy Worsens, Experts Say

Posted 01.04.2012 | Business

As the international economic climate becomes more threatening, there is talk that the Federal Reserve could try another monetary stimulus to aid the ...

European Crisis: Number Of Unemployed In Eurozone Hits Record High

Posted 01.06.2012 | Business

The number of unemployed people in the eurozone reached its highest level since the creation of the euro in 1999, according to The Financial Times, st...

The Most Popular American Companies In China: 24/7 Wall Street

Posted 01.07.2012 | Business
Read More: Business News

The primary reason, it is often argued, that China is an important market for many large U.S. companies is that its population has doubled since the e...

Italian Prime Minister Mario Monti: No Nation Can Fight Debt Crisis Alone

Posted 01.07.2012 | Business

ROME -- No European nation is strong enough to ride out the continent's debt crisis alone, Italy's new premier insisted Saturday, urging fellow EU mem...

David Cay Johnston: Is It Is Time To Drop Income Taxes?

Posted 01.07.2012 | Business

(The author is a Reuters columnist. The opinions expressed are his own.) By David Cay Johnston Jan 6 (Reuters) - This i...

SEC Pushes Banks To Disclose Information About Exposure To European Debt

Posted 01.09.2012 | Business

Regulators are asking American banks to stop glossing over their vulnerability to the crisis in Europe. The Securities and Exchange Commission issu...

The Conference Board's Bart Van Ark: Income Inequality Hurts Economy

Posted 01.11.2012 | Business

A major business membership group warns that increasing income inequality in the United States is stifling economic growth. Many multinational com...

RealtyTrac: Foreclosure Filings Fell Steeply In 2011, Little Consolation For Struggling Homeowners

Posted 01.12.2012 | Business

Foreclosure filings fell dramatically last year, according to a report released Thursday. Several prominent economists said the news was a sign that t...

Federal Reserve Preoccupied With Inflation, As Housing Market Collapse Approached

Posted 01.12.2012 | Business

In 2006, while a housing bubble was swelling that would eventually trigger a near-collapse of the American economy, the Federal Reserve was more preo...

S&P Downgrades Eurozone Countries As Investors Avoid Eurozone Government Debt

Posted 01.13.2012 | Business

Standard & Poor's Ratings Services slashed the credit ratings of nine eurozone countries on Friday, marking a deterioration in confidence in the troub...

Eurozone Crisis: What Investors Want To See From Eurozone Countries

Posted 01.19.2012 | Business

What exactly do investors want from Europe? The question is far from trivial. Without private investors buying up the bonds of troubled European co...

Goldman Sachs Employees On Bonus Day: 'It's A Bloodbath'

Posted 01.20.2012 | Business

Reports are creeping out that yesterday's bonus day wasn't all fun and games at America's most iconic investment bank. Goldman's profits fell in 2...

Rich People Live Longer Than The Poor, Study Finds

Posted 01.23.2012 | Business

Wealthy people possess more than just spending power. They also have more time to live than poor people do, a new study has found. The wealthiest p...

Rahm Emanuel To Christina Romer During Stimulus Debate: 'What Are You Smoking?'

Posted 01.23.2012 | Business

When the newly elected President Obama took his place in the White House early in 2009, so too arrived a vocal economic team at odds over the politic...

Obama State Of The Union Speech: Labor Leaders And Economists Unimpressed With Jobs Proposals

Posted 01.25.2012 | Business

President Obama's emphasis on creating manufacturing jobs in his State of the Union address on Tuesday sounded just right to union leaders. But ev...

At Davos 2012 George Soros Says Austerity 'Will Push Europe Into A Deflationary Debt Spiral'

Posted 01.25.2012 | Business

Billionaire investor George Soros warned of a possible breakup of the European Union at the World Economic Forum's annual meeting in Davos, Switzerlan...

BofA, Credit Suisse The Latest Banks To Reduce Banker Bonuses

Posted 01.26.2012 | Business

As Wall Street adjusts to a less profitable chapter in its history, bankers may be finally feeling the pain that many American workers have known for ...

As Real Wages Fall In Fourth Quarter, Americans Save Less

Posted 01.27.2012 | Business

At a time that the U.S. economy is struggling to pick up steam, Americans are struggling just to keep up. Over the last three months of last year,...

Consumer Spending In December 2011 Declined, Yielding No Holiday Boost

Posted 01.30.2012 | Business

The boost that the holiday shopping season was supposed to have given the economy proved to be mostly an illusion. Consumer spending actually decli...

Real Wages Fell In 2011 Amid Record Corporate Profits

Posted 01.31.2012 | Business

A new report out Tuesday shows that working Americans made less money last year, as real wages fell about two percent in 2011, when accounting for inf...