January 20, 2011
Wall Street Journal’s Matthias Rieker reported today that several banks will be laying off workers to trim their expenses in an attempt to recover from bad debts still on their books and as a result of slower than expected revenue growth. Read Full Article Here→
Tagged as:
American Express,
Bank Layoffs,
Housing Crisis,
Matthias Rieker,
Slower revenue for banks,
State Street,
Synovus,
Wall Street Journal,
Wells Fargo
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January 17, 2011
Last Friday, China raised its reserve ratio for the 7th time since 2009, and in doing so may create inflation problems for Europe writes MarketWatch’s Stephen Kennedy today. Plus Euro-zone ministers will meet to discuss raising reserves of its’ rescue fund for possible bailouts of Portugal and Spain while Germany balks. Read the full article [...]
Tagged as:
China,
china reserve ratio,
germany,
Inflation,
MarketWatch,
Portugal,
Sovereign solvency,
Spain,
stephen kennedy
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The Cream Doesn’t Always Rise To The Top–The New Republican Shell Game
February 27, 2011Former Secretary of Labor Robert Reich makes a good case why the current trend of union bashing by the Republicans is not a result of being financially responsible and trying to curb the excesses of governmental spending. The not too distant past disproves that. It is simply done because they can! As Reich so aptly writes [...]
Tagged as: GOP, Governor Scott Walker, Koch brothers, Middle East, pro-democracy, public sector unions, Robert Reich, Tea Party, Wealth In America, Wisconsin
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