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Financial Reform Could Hurt Growth, Cost MIllions Of Jobs, Banks Warn

AP | VERONIKA OLEKSYN | Posted 05.25.2011 | Business

VIENNA — Regulatory reforms for banks are generally moving in the right direction but could negatively impact growth and job creation, members o...

Israel and the Psychology of "Never Again"

Sandy Tolan | Posted 05.25.2011 | World
Sandy Tolan

The Jewish state has grown less secure by increasing its international isolation and fueling fury much closer to home.

EU And IMF Create $1 Trillion Bailout Fund

AP | AOIFE WHITE | Posted 05.25.2011 | Business

LUXEMBOURG — Eurozone nations on Monday started setting up a massive bailout fund that could rescue any member of Europe's currency union from d...

Toyota Pedal Warning Sent To Europe Europeans Warned of Toyota Pedals Before US

AP | LARRY MARGASAK and KEN THOMAS | Posted 05.25.2011 | Business

WASHINGTON — Five days before Toyota announced a massive recall, a U.S. public relations executive at the automaker warned colleagues in an inte...

Dear Irish Foreign Minister Micheál Martin

David Harris | Posted 05.25.2011 | World
David Harris

Foreign Minister Martin, you absolve Gaza of all responsibility for its own predicament, instead placing it squarely in Israel's lap.

Ilse Aigner, German Minister, Slams Facebook On Privacy, Threatens To Quit

AP | Posted 05.25.2011 | Technology

BERLIN — A German minister has sharply criticized Facebook's handling of personal data and is calling on the social network to upgrade its priva...

Eurozone Crisis Worsens Sharply

Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

The big news is France. With sentiment worsening across Europe, France has lost its relative safe haven status - credit default swap spreads on Frenc...

Don't Call Me Mr. Doom, Call Me Mr. Realist

Vitaliy N. Katsenelson | Posted 05.25.2011 | Business
Vitaliy N. Katsenelson

Because the stimulus exaggerates the true performance of our economy, we've positioned our portfolio for a subdued, low-growth type of recovery.

EU Wants New Rating Agencies To Rival US Rating Agencies

AP | AOIFE WHITE | Posted 05.25.2011 | Business

BRUSSELS — The European Union's executive on Wednesday called for European credit rating agencies to rival the three U.S.-based market leaders a...

The F Word: CA Banks: Who Are They Working For?

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

Does it seem right to you that a state's ability to stay afloat should be the stuff of secretive betting pools? That's just what's happening. While st...

Greek Bailout Details Announced, Eurozone Leaders Reach Agreement

AP | ELENA BECATOROS | Posted 05.25.2011 | Business

BRUSSELS — A hard-won deal to provide a safety net for Greece provided the debt-ridden country with some welcome relief Friday, with its cost of...

The F Word: Cutting the Net When We Need It Most

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

At the very time when the social safety net is most needed, investors the world over are calling it a drag on the world economy.   Here in the U....

All Skewed Up

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

In short, we need more robust structural change in the global economy. Absent structural reform, recovery will be skewed up and fragile in rising markets and falling markets.

Frantic EU Scrambles For Solution To Greek Debt Crisis As Euro Plummets

AP | AOIFE WHITE | Posted 05.25.2011 | Business

BRUSSELS — European leaders are facing a moment of truth at a Thursday summit, as markets press them to come up with a financial safety net for ...

Get a Grip: Austerity Does Not Produce Prosperity

Robert Kuttner | Posted 05.25.2011 | Business
Robert Kuttner

Austerity has suddenly become the universally prescribed cure for the fallout from the financial collapse. If widely adopted, it will prove worse than the disease.

Greek Debt Crisis May Hit U.S. Economy, Says Fed Regional Chief

Yahoo! News | P. Parameswaran | Posted 05.25.2011 | Business

WASHINGTON (AFP) -- The Greek debt crisis may directly affect the US economy by hitting American exports and the financial system, Atlanta Federal Res...

Google Wins EU Case Over Fake Luxury Goods

AP | AOIFE WHITE | Posted 05.25.2011 | Technology

BRUSSELS — Luxury goods manufacturers said a ruling Tuesday from the European Union's highest court will stop Google Inc. selling their brand na...

Euro Rescue Deal Approved By German Lawmakers

AP | AOIFE WHITE | Posted 05.25.2011 | Business

BRUSSELS — European Union finance ministers backed tougher sanctions to prevent them running up too much debt in the hopes of winning back marke...

Iran: We Can Have Our Yellow Cake and Eat It, Too

David Harris | Posted 05.25.2011 | World
David Harris

By a combination of weaving, bobbing, feinting, parrying, lying, threatening, winking, hiding, flaunting, and strutting, Iran's leaders believe they've run circles around the West. Sad to say, they may not be entirely wrong.

Wake up, South Asia, and Smell the Carbon

Sunil Sharan | Posted 05.25.2011 | Green
Sunil Sharan

Climate change was the purported theme of the just-concluded summit of the South Asian Association for Regional Cooperation (SAARC) in Thimpu, Bhutan. Instead an Indo-Pakistan rapprochement hijacked the agenda.

Will The EU Issue A Broader Short-Selling Ban?

AP | ROBERT WIELAARD | Posted 05.25.2011 | Business

(AP) BRUSSELS — EU countries should act jointly to regulate so-called naked short-selling of shares and investments to reduce volatility in fina...

Middle East Quartet Calls For Palestinian State: U.S., Russia, EU, and UN Condemn Continued Israel Building

AP | ROBERT BURNS | Posted 05.25.2011 | World

MOSCOW — U.S. Secretary of State Hillary Rodham Clinton suggested Friday that the United States and Israel have found a way around the worst dis...

Germany Holding Up EU Greece Bailout

AP | ROBERT WIELAARD | Posted 05.25.2011 | Business

BRUSSELS — The European Commission urged Germany and other eurozone governments Friday to put up a package of government-to-government loans to ...

Greece Says It Will Appeal To IMF Help If EU Doesn't Deliver Bailout Funds

AP | AOIFE WHITE | Posted 05.25.2011 | Business

BRUSSELS — Greece warned Thursday that it will be forced to turn to the International Monetary Fund if the EU can't agree to a bailout plan next...

AP: U.S. Warns EU That A Derivatives Ban Won't Work

AP | LESLIE PATTON | Posted 05.25.2011 | Business

BRUSSELS — Europe's threat to ban the sort of financial derivatives trading that some blame for worsening Greece's debt crisis wouldn't work, a ...