UBS was the biggest borrower under the Commercial Paper Funding Facility, with $74.5 billion overall, more than twice as much as Citigroup Inc., the top U.S. bank recipient, according to the data released yesterday. Photographer: Reto Andreoli/Blo…
Read more >>DUBLIN (AP) — Shares in Ireland’s banks are rising as investors support the EU-IMF rescue loan for Ireland, particularly its immediate focus on injecting euro10 billion ($13 billion) into the cash-strapped banks. Shares in Allied Irish…
Read more >>World leaders meeting at a development summit in Mexico have called for increased aid to poor countries to help stamp out extreme Poverty as a motivation for Terrorism. "Poverty in all its forms is the greatest single threat to peace, security, D…
Read more >>Irish head toward Bailout; Portugal next in line? Bailout-BOUND: Ireland, looking to bolster its Debt-crippled Banks, edged closer to taking a Bailout loan from the European Union. Talks with the EU, European Central Bank and International Monetar…
Read more >>We're barely two years past the banking Crisis, still weathering the Mortgage Crisis and nervously watching Europe struggle with its Sovereign Debt Crisis. Yet every economic seer has a favorite prediction about what part of The Economy the next …
Read more >>The problem appears intractable. Congress has enacted modest cuts, yet everyone from Medicare's chief Actuary to the Congressional Budget Office to the International Monetary Fund declares even those cuts to be politically implausible. Rep. Paul R…
Read more >>George Soros, the Billionaire financier who was an energetic Democratic Donor in the last several election cycles but is sitting this one out, is not feeling optimistic about Democratic prospects. “I made an exception getting involved in 20…
Read more >>I've been writing a lot about the tendency among many Liberals to muster outrage against Republicans after they've taken power, while lacking any capacity to muster energy to prevent Republicans from taking power in the first place. Apparently th…
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