Posts Tagged ‘economy’

Israel’s shrinking middle class

The Media Line Staff Jerusalem, Israel David Rosenberg / The Med – Israel’s middle class – the people who keep the country’s high tech industry humming, pay most of the taxes, serve in the army and volunteer for school committees – is shrinking even as the economy is thriving and unemployment is at its lowest [...]

Clock ticking for Egypt’s finances

The Media Line Staff Cairo, Egypt (The Media Line) – Egypt faces a risk-laden game of Beat the Clock as it tries to get its political house in order before its foreign currency reserves sink much more. Reserves fell to $16.4 billion in January from about $36 million a year earlier, a drop that economists [...]

Perry says Sorry, oops and that he won’t step down

Diane Alter – AHN News Reporter Rochester, MI, United States (AHN) – Wednesday’s CNBC Republican debate in Michigan wasn’t without a few gaffs and gaps. The Republican candidates stressed their opposition to U.S. government bailouts for banks, Europe and the auto industry. Former Massachusetts Gov. Mitt Romney rejected a suggestion that the U.S. should help [...]

New fed rules to aid more underwater homeowners

Diane Alter – AHN News Reporter Washington, DC, United States (AHN) – Monday morning the Federal Housing Finance Agency announced new rules that will allow many more “underwater” homeowners, those who owe more than their properties are worth, to refinance at current historical low mortgage rates. Up to a million borrowers are expected to take [...]

Lagarde warns of dangerous new phase for global economy

Vittorio Hernandez – AHN News Jackson Hole, WY, United States (AHN) – International Monetary Fund Managing Director Christine Lagarde warned over the weekend of a new danger facing the global economy. She identified the dangerous new phase as the growing sense that policymakers lack conviction or are not willing to make decisions that are needed. [...]

Do states control their fiscal destiny? Not as much as they may think.

State leaders love to make promises about healing a sick economy. Often, though, economic success depends on factors far beyond their influence. View full post on All Stories

Thousands of civilian jobs won’t be filled

The Air Force has put the breaks on civilian hiring in an effort to slow civilian workforce growth and save money. It had planned to fill 21,500 new civilian positions for fiscal 2012, but the cost of a decade at war and the lagging economy will leave the service with only enough money to hire [...]

Unemployment claims decrease to 409,000

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – Initial jobless claims declined by 29,000 to 409,000 for the week ending May 14 compared to the previous week’s tally of 438,000 claims. That is still above the 400,000 mark. Analysts say first time unemployment compensation insurcance claims must drop below 400,000 and [...]

Economy likely to grow at 8-8.5% in FY’12: Ahluwalia

Planning Commission said the economy could expand by 8-8.5 per cent this fiscal, but may not be able to achieve 9% growth under the current circumstances. View full post on All Stories

Unemployment soars to 20.3% in Spain, a 14-year high

Linda Young – AHN News Writer Madrid, Spain (AHN) – Spain’s unemployment rate reached a 14-year high of 21.3 percent during the first three months of the year, up from 20.3 percent for the last three months of 2010. The economy lost more jobs during the first quarter than it had during the entire year [...]

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